Average Hedged Rate

Average Hedged Rate. As of any date of determination, a rate per annum (expressed an a percentage) equal to a fraction, the numerator of which is (a) the sum of (i) the notional balances of all Interest Rate Swap Agreements then in effect times the weighted average of the interest rate per annum payable by the Issuer on each Interest Rate Swap Agreement, if any, then in effect, (ii) the weighted average of the Adjusted Eurodollar Rate per annum then in effect times the Aggregate Outstanding Amounts not subject to... an Interest Rate Swap Agreement, if any, (iii) the weighted average of Applicable Debt Margin on all Series of Notes then Outstanding times the Aggregate Note Principal Balance, (iv) the Applicable Partnership Margin times the Aggregate Certificate Balance, and (v) the annualized Premiums payable on all Series of Notes then Outstanding and all Certificates then outstanding pursuant to the Premium Letter; and the denominator of which is (b) the Aggregate Outstanding Amount. View More