Weighted Average Rate definition

Weighted Average Rate. The greater of the Annual Percentage Rate and the Discount Rate applied to each of the Additional Receivables or the Initial Receivables, as applicable, weighted on the basis of (i) the Principal Balance and (ii) the remaining term of each such Receivable, each as of the Applicable Cutoff Date.

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Weighted Average Rate means, with respect to any date of determination, a per annum rate equal to (1) the sum of (a) the product of (x) the outstanding principal amount of the Class A-1 Notes on such date and (y) the Class A-1 Rate, plus (b) the product of (x) the outstanding principal amount of the Class A-2 Notes on such date and (y) the Class A-2 Rate, plus (c) the product of (x) the outstanding principal amount of the Class A-3 Notes on such date and (y) the Class A-3 Rate, plus (D) the product of (x) the outstanding principal amount of the Class A-4 Notes on such date and (y) the Class A-4 Rate, plus (e) the product of (x) the outstanding principal amount of the Class B Notes on such date and (y) the Class B Rate, divided by (2) the sum of the outstanding principal amount of the Notes on such date, plus Certificate Balance on such date; provided, that if the date of determination is a Payment Date, then the outstanding principal amount of any class of Notes shall be determined after giving effect to all payments made on such date.

Weighted Average Rate has the meaning given to it in paragraph (a) of the definition of the term "US Dollar Equivalent".

Examples of Weighted Average Rate in a sentence

• If the Owners provide the Security in the form of cash (the “Cash Security”), the City shall hold the Cash Security in an interest bearing account, with interest accruing at the City of Edmonton Short Term Investment Weighted Average Rate less one and one half percent (1.5%).

• If the City of Edmonton Short Term Investment Weighted Average Rate less one and one half percent (1.5%) is a negative sum for any period of time, then no interest will accrue on the Cash Security for that period.

• The amount of the Annual Bonus Accrual with respect to each Bonus Year shall accrue interest, commencing on the date on which the audited, consolidated financial statements for BrightView and Holding LLC with respect to such Bonus Year are released and until such amount is paid, at a rate equal to the lesser of (i) the Weighted Average Rate, or (ii) the highest rate permitted by applicable law.

• Any such amount not paid to the Administrative Agent on demand will bear interest for each day thereafter until paid at a rate per annum equal to the Weighted Average Rate in effect from time to time plus the Applicable Margin plus 2%.

• Any such amount not paid to the Administrative Agent or the applicable Lender on demand will bear interest for each day thereafter until paid at a rate per annum equal to the Weighted Average Rate in effect from time to time plus the Applicable Margin plus 2%.

More Definitions of Weighted Average Rate

Weighted Average Rate means, for any period, the rate determined by the Custodian with reference to (a) LIBOR for an interest period reasonably close to the weighted average LIBOR interest period with respect to the Fund Investments, computed based on the face amount of each Fund Investment and the interest period(s) in effect with respect to such Fund Investments and (b) the maximum rate of all reserve requirements (including any marginal, emergency, supplemental, special or other reserves) applicable to any member bank of the Federal Reserve System in respect of LIBOR liabilities as defined in Regulation D (or any successor category of liabilities under Regulation D) (collectively, the “WAR Criteria”); provided that (w) if the Administrative Agent in its sole and absolute discretion believes that the rate determined by the Custodian does not reflect the WAR Criteria, then the Administrative Agent shall determine the rate with reference to the WAR Criteria, (x) if the benchmark rate for any Fund Investment has a LIBOR interest period of less than one (1) month, then the LIBOR interest period with respect to such Fund Investment shall be deemed to be one (1) month, (y) if the benchmark rate for any Fund Investment is not based on LIBOR, then the LIBOR interest period with respect to such Fund Investment shall be deemed to be three (3) months and (z) if no Loans are outstanding, a Default or an Event of Default has occurred or the Administrative Agent is otherwise unable to calculate the Weighted Average Rate for any reason, then the Weighted Average Rate shall be deemed to be LIBOR for an interest period of three (3) months.

Weighted Average Rate means the weighted average cost of borrowing by Operating LLC as in effect from time to time, as determined in good faith by the Board.

Weighted Average Rate means the weighted average exchange rate of the US dollar to the ▇▇ ▇▇▇▇▇ calculated as follows: Odp where: CK – weighted average rate; Kd – US dollar exchange rate to the ▇▇ ▇▇▇▇▇ established by the Central Bank of the Russian Federation as of the corresponding day of the period;

Weighted Average Rate. With respect to any Distribution Date, the --------------------- per annum variable rate equal to the weighted average of the Net Mortgage Rates of the Mortgage Loans as of the first day of the calendar month immediately preceding such Distribution Date.

Weighted Average Rate. As used herein, "Weighted Average Rate" shall mean --------------------- the weighted average of the rates of interest that are in effect under the Note on the first day of each calendar month (applicable for the previous month) falling within the Loan Term with. respect to each of the Portions of Principal that comprise the entire outstanding principal balance of the Loan.

Weighted Average Rate means, with respect to any date of determination, a --------------------- per annum rate equal to (A) the sum of (i) the product of (x) the Outstanding Amount of the Class A-1 Notes on such date and (y) the Class A-1 Interest Rate, plus (ii) the product of (x) the Outstanding Amount of the Class A-2 Notes on such date and (y) the Class A-2 Interest Rate, plus (iii) the product of (x) the Outstanding Amount of the Class A-3 Notes on such date and (y) the Class A-3 Interest Rate plus (iv) the product of (x) the Outstanding Amount of the Class A-4 Notes on such date and (y) the Class A-4 Interest Rate divided by (B) the Outstanding Amount of the Notes on such date; provided that if the date of determination is a Payment Date, then the Outstanding Amount of any class of Notes shall be determined after giving effect to all payments made on such date.

Weighted Average Rate means the weighted mean of the rates of interest as the case may be applicable to the Loan.