Weighted Average Fixed Coupon means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying the cash interest coupon of each Fixed Rate Portfolio Investment included in the Borrowing Base as of such date by the outstanding principal balance of such Fixed Rate Portfolio Investment as of such date, dividing such sum by the aggregate outstanding principal balance of all such Fixed Rate Portfolio Investments and rounding up to the nearest 0.01%. For the purpose of calculating the Weighted Average Fixed Coupon, all Fixed Rate Portfolio Investments that are not currently paying cash interest shall have an interest rate of 0%.
Weighted Average Fixed Coupon means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying the cash interest coupon of each Fixed Rate Portfolio Investment included in the Borrowing Base as of such date by the outstanding principal balance (or, in the case of Preferred Stock, the liquidation preference or fixed amount (other than interest or fees) owed on account of such Preferred Stock) of such Fixed Rate Portfolio Investment as of such date, dividing such sum by the aggregate outstanding principal balance (or, in the case of Preferred Stock, the liquidation preference or fixed amount (other than interest or fees) owed on account of such Preferred Stock) of all such Fixed Rate Portfolio Investments and rounding up to the nearest 0.01%. For the purpose of calculating the Weighted Average Fixed Coupon, all Fixed Rate Portfolio Investments that are not currently paying cash interest shall have an interest rate of 0%.
Weighted Average Fixed Coupon means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying the cash interest coupon of each Fixed Rate Portfolio Investment included in the Borrowing Base as of such date by the outstanding principal balance of such Fixed Rate Portfolio Investment as of such date, dividing such sum by the aggregate outstanding principal balance of all such Fixed Rate Portfolio Investments included in the Borrowing Base as of such date and rounding up to the nearest 0.01%. For the purpose of calculating the Weighted Average Fixed Coupon, all Fixed Rate Portfolio Investments that are not currently paying cash interest shall have an interest rate of 0%.
Examples of Weighted Average Fixed Coupon in a sentence
Any future anticipated tax liabilities of an Issuer Subsidiary related to an Issuer Subsidiary Asset will be excluded from the calculation of the Weighted Average Floating Spread, the Weighted Average Fixed Coupon and the Interest Coverage Tests.
If the Issuer receives any interest payments on any Collateral Debt Obligation net of any applicable withholding tax, the Interest Coverage Tests and the Minimum Weighted Average Spread Test and Minimum Weighted Average Fixed Coupon Test will be determined by reference to such net receipts.
Any future anticipated tax liabilities of an Issuer Subsidiary related to an Issuer Subsidiary Asset will be excluded from the calculation of the Weighted Average Floating Spread, the Weighted Average Fixed Coupon and the Interest Coverage Test.
The price of your Services may change over time, and we'll use the rates then in effect for the applicable payment period for those charges.
For so long as any of the Rated Notes are Outstanding: (a) the Minimum Weighted Average Spread Test; (b) the Minimum Weighted Average Fixed Coupon Test; and (c) the Maximum Weighted Average Life Test.
More Definitions of Weighted Average Fixed Coupon
Weighted Average Fixed Coupon. As of any Measurement Date, an amount equal to the number, expressed as a percentage, obtained by dividing:
Weighted Average Fixed Coupon means, as of any Measurement Date, an amount equal to (I) the number, expressed as a percentage, obtained by dividing:
Weighted Average Fixed Coupon means, as of any date of determination, a fraction, expressed as a percentage (rounded up to the nearest 0.01%), (x) the numerator of which is the sum of the products for each Fixed Rate Loan that is an Eligible Loan of (A) the cash interest coupon for such Fixed Rate Loan as of such date, times (B) the Outstanding Loan Balance of such Fixed Rate Loan as of such date, and (y) the denominator of which is the aggregate Outstanding Loan Balance of all such Fixed Rate Loans that are Eligible Loans as of such date. For the purpose of calculating the Weighted Average Fixed Coupon, all Fixed Rate Loans that are not currently paying cash interest shall be deemed to have an interest rate of 0%.
Weighted Average Fixed Coupon means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying the interest coupon of each fixed rate Collateral Obligation (excluding Deferring Securities) as of such date by the outstanding principal balance of such Collateral Obligation as of such date, dividing such sum by the aggregate principal balance of all such fixed rate Collateral Obligations and rounding the result up to the nearest 0.01%.
Weighted Average Fixed Coupon means, as of any Measurement Date, an amount equal to the number, expressed as a percentage, obtained by dividing:
Weighted Average Fixed Coupon means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying the cash interest coupon of each Fixed Rate Portfolio Investment included in the Unadjusted Borrowing Base as of such date by the outstanding principal balance (or, in the case of Preferred Stock, the Liquidation Preference or fixed amount (other than interest or fees) owed on account of such Preferred Stock) of such Fixed Rate Portfolio Investment included in the Unadjusted Borrowing Base as of such date, dividing such sum by the aggregate outstanding principal balance (or, in the case of Preferred Stock, the Liquidation Preference or fixed amount (other than interest or fees) owed on account of such Preferred Stock) of all such Fixed Rate Portfolio Investments included in the Unadjusted Borrowing Base and rounding up to the nearest 0.01%. For the purpose of calculating the Weighted Average Fixed Coupon, all Fixed Rate Portfolio Investments included in the Unadjusted Borrowing Base that are not currently paying cash interest shall have an interest rate of 0%.
Weighted Average Fixed Coupon means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying the cash interest coupon, or, in the case of a Fixed Rate Collateral Debt Obligation that is a Non-USD Obligation, the Converted Coupon of each Fixed Rate Collateral Debt Obligation (excluding Defaulted Obligations) as of such date by the Outstanding Principal Balance of such Collateral Debt Obligation as of such date, dividing such sum by the aggregate Outstanding Principal Balance of all such Fixed Rate Collateral Debt Obligations and rounding up to the nearest 0.01% . For the purpose of calculating the Weighted Average Fixed Coupon, all Fixed Rate Collateral Debt Obligations that are not currently paying cash interest shall have an interest rate of 0%.