Weighted Average Term definition
Weighted Average Term. On any day, the weighted average of the stated terms of all Receivables (excluding Receivables owed by an Affiliate or employee of any Seller Party or Originator) owned by Seller on such date, weighted on the basis of the Unpaid Balance of each such Receivable, as of such date of calculation.
Weighted Average Term means the weighted average term of all Paid Receivables, calculated on the basis of the formula: (original stated payment term of each invoice x amount of such invoice) / invoice amount.
Weighted Average Term. [As to the final transfer of Subsequent Mortgage Loans:]
Examples of Weighted Average Term in a sentence
Except as specifically provided in the next succeeding sentence, the Revolving Loans shall accrue interest at the Weighted Average Term Debt Rate plus three percent (3.0%) per annum, or the maximum interest rate allowable by law, if and to the extent applicable, whichever is lower.
The Parties further acknowledge and agree that any disputed amounts which remain outstanding past their due date under the relevant Service Contract shall be taken into account for the purposes of calculating the Weighted Average Term.
Section 5.1 In the event that the Weighted Average Term for settlement of outstanding invoices issued by Provider Group Companies to Recipient Group Companies pursuant to the Service Contracts exceeds [*****] from the date of invoice (as supported by reasonable evidence) (the “Delayed Invoice(s)”), the Provider shall have the right to notify the Recipient in writing of any such delay in settlement (the “Delay Notice”).
More Definitions of Weighted Average Term
Weighted Average Term means, as of any date of determination, the weighted average (weighted solely based upon the Outstanding Balances of the Pledged Receivables as of such date) of the remaining terms of the Pledged Receivables as of such date.
Weighted Average Term means, as of any date of determination, a number of days determined by taking the sum for each Receivables Term then included in the Pool Receivables of the product of (A) such Receivables Term multiplied by (B) the percentage of the aggregate Outstanding Balance of all Pool Receivables represented by Pool Receivables with such Receivables Term.
Weighted Average Term of any Debt means at any time the number of years obtained by dividing the then remaining dollar-years of such Debt by the then outstanding principal amount of such Debt; and the "remaining dollar-years" of any Debt means at any time the amount obtained by (a) multiplying the amount of each then remaining installment, sinking fund, serial maturity or other required payment, including payment at final maturity, by the number of years (calculated to the nearest one-twelfth) which will elapse between the time in question and the making of that payment and (b) totaling all of the products obtained in (a).
Weighted Average Term means, as of any date, a fraction the numerator of which is the sum of the product for each Receivable sold to the Trust during the preceding month of (i) the outstanding balance of such Receivable (at the time such Receivable is transferred to the Trust) TIMES (ii) the payment term (in days) for each such Receivable, and the denominator of which is the aggregate outstanding balance of such Receivables (at the time such Receivable is transferred to the Trust); PROVIDED, HOWEVER, (x) that if more than 10% of the aggregate principal balance of Receivables transferred to the Trust during such preceding month are not Eligible Receivables (at the time such Receivables were transferred to the Trust), then the "Weighted Average Term" shall be recalculated on such date excluding the balances of all such non-Eligible Receivables transferred to the Trust during the preceding month; (y) that for purposes of clause (ii) above, the "term" of all Receivables in the April 1 Program shall be deemed to begin on the invoice date for each such Receivable which is not April 1st; and (z) that the amount in clauses (i) and (x) shall not include the balances of Receivables as to which Wheeling-Nisshin, Inc. is the Obligor.
Weighted Average Term. [As to the final transfer of Subsequent Mortgage Loans:] Sub-Pool I Sub-Pool II 7. WAC of all Mortgage Loans: 10.69% 10.95% 8. WAM of all Mortgage Loans: 262.27 months 223.65 months 9. Maximum Weighted average CLTV: 77.45% 77.45% 10. Balloon Mortgage Loans: 26.85% 26.33% 11. Largest Principal Balance: $220,257.35 $756,000.00 12. Non-owner occupied Mortgaged Properties: 6.57% 10.15% 13. Maximum zip code concentration: 0.95% 0.90% 14. Condominiums: -0- 2.03% 15. Single-family: 100.00% 65.59% 16. Multifamily, Commercial and Mixed Use Properties -0- 8.77% 17. Manufactured Housing -0- 5.41% (A.) As of the end of the Group 1 funding period. AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1998-1 ATTACHMENT A TO SUBSEQUENT TRANSFER INSTRUMENT FOR GROUP 2 Series 1998-1 June 18, 1998
Weighted Average Term. [As to the final transfer of Subsequent Mortgage Loans:] Sub-Pool III Sub-Pool IV 8. WA Gross Margin: 6.60% 6.71% 9. WAC of all Mortgage Loans: 10.07% 10.28% 10. WAM of all Mortgage Loans: 359.07 months 356.97 months 11. Maximum Weighted average LTV: 82.87% 80.61% 12. Largest Principal Balance: $178,500.00 $974,156.54(B) 13. Non-owner occupied Mortgaged Properties: 1.14% 5.00% 14. Maximum zip code concentration: 2.97% 0.77% 15. Condominiums: -0- 1.70% 16. Single-family: 100% 81.17% 17. Multifamily, Commercial and Mixed Use Properties -0- 15.51% 18. Manufactured Housing -0- 1.62%
Weighted Average Term since Origination: _____ months 7. January 1998 first payment date: _____% 8. WAC of all Mortgage Loans: _____% 9. WAM of all Mortgage Loans: _____ months 10. Maximum weighted average CLTV: _____% 11. Balloon Loans: _____% 12. Largest Principal Balance: $_____ 13. Non-owner occupied Mortgaged Properties: _____% 14. Maximum zip code concentration: _____% 15. Condominiums: _____% 16. Single-family: _____% 17. Multifamily and Mixed Use Properties: _____% 18. Manufactured Housing: _____% 19. Periodic Payment Loans: _____% AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1997-3 ATTACHMENT A TO SUBSEQUENT TRANSFER INSTRUMENT SUB-POOL 2 Series 1997-3 September 30, 1997