Weighted Average Life to Maturity

Example Definitions of "Weighted Average Life to Maturity"
Weighted Average Life to Maturity. Means, when applied to any Indebtedness at any date, the number of years obtained by dividing (a) the then outstanding principal amount of such Indebtedness into (b) the total of the product obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date... and the making of such payment. View More Arrow
Found in PREMIERE GLOBAL SERVICES, INC. contract
Weighted Average Life to Maturity. Means, when applied to any Indebtedness at or as of any date, the number of years (calculated to the nearest 1/100th) obtained by dividing (a) the sum, for each of the then outstanding principal amount remaining installment, sinking fund, scheduled maturity or other required payments of principal, including payments at final maturity, in respect of such Indebtedness into (b) the total (each, an "Installment"), of the product amounts obtained by multiplying (i) the amount of each then remaining... installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, such Installment, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between 1/100th) from such date and to the making date on which such payment is required to be made, by (b) the then outstanding aggregate principal amount of such payment. Indebtedness. View More Arrow
Found in ZIMMERMAN SIGN CO contract
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