Common use of Material Debt Clause in Contracts

Material Debt. Defined in Section 6.11(i). 149. Minimum Weighted Average Spread Rate: 25.0%.

Appears in 1 contract

Sources: Loan and Security Agreement (Credit Acceptance Corp)

Material Debt. Defined in Section 6.11(i). 149Minimum Excess Spread: 12.60%. Minimum Weighted Average Spread Rate: 25.022.0%.

Appears in 1 contract

Sources: Loan and Security Agreement (Credit Acceptance Corp)