Common use of EFFECTIVE ADVANCE RATE Clause in Contracts

EFFECTIVE ADVANCE RATE. As of any date of determination, the quotient (expressed as a percentage) obtained by dividing (x) the then aggregate unpaid principal amount of all of the Loans by (y) the Borrowing Base as of such date of determination.

EFFECTIVE ADVANCE RATE. As of any date of determination, the quotient (expressed as a percentage) obtained by dividing (x) the then aggregate unpaid outstanding principal amount of all of the Loans by (y) the Borrowing Base as of such date of determination.

EFFECTIVE ADVANCE RATE. As of any date of determination, the quotient (expressed as a percentage) obtained by dividing (x) the then aggregate unpaid principal amount of all of the Loans Loans, by (y) the Borrowing Base Aggregate Net Book Value as of such date of determination.