Advance Amount definition

Advance Amount means, with respect to any Asset for which any Liquidation Proceeds are received, the product of (i) the Maximum Advance Rate and (ii) the Collateral Balance of such Asset immediately prior to the sale or payment that gave rise to such Liquidation Proceeds.

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Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

Advance Amount has the meaning set forth in the Collateral Valuation Schedule.

Examples of Advance Amount in a sentence

The aggregate balance of Revolving Advances and Swing Loans outstanding at any time shall not exceed the least of (a) the Maximum Revolving Advance Amount less the Maximum Undrawn Amount of all issued and outstanding Letters of Credit, or (b) the Formula Amount.
Subject to the terms of this Agreement, the Buyers shall make available to the Seller specified in the relevant Advance Request advances in an aggregate amount not exceeding the Maximum Upsize Advance Amount during the Upsize Advance Availability Period (each an ‘Upsize Advance’).
Notwithstanding anything to the contrary herein, upon the release of a Release Property in accordance with Section 2.5 hereof, the Maximum Advance Amount shall be reduced by the amount of the unadvanced portion of the Maximum Advance Amount allocated to such Release Property.
Subject to the terms of this Agreement, the Buyers shall make available to GTEC one advance in an aggregate amount not exceeding the Maximum Initial Advance Amount during the Initial Availability Period (the ‘Initial Advance’).

More Definitions of Advance Amount

Advance Amount means, as of any date of determination under the Overcollateralization Test (as described in this Section 1), (a) the sum for all Eligible Investments of the product of (i) the Market Value (determined as described in Section 4 below) of such Eligible Investment (determined as described in Section 2 below) and (ii) one minus the Margin Requirement for such Eligible Investment minus (b) the Unpaid Amount as of such date.

Advance Amount means with respect to the Receivables, an amount equal to the least of (i) the excess of the Maximum Invested Amount over the Invested Amount of the Note as of such Funding Date; and (ii) the excess of the Net Borrowing Base (taking into account the amount of the Receivables to be purchased on such Funding Date) over the Invested Amount of the Note as of such Funding Date.

Advance Amount means, as of any date of determination, the amount equal to the least of:

Advance Amount has the meaning set forth in Section 1.3.4(a).

Advance Amount means, at any date of determination, subject to Section 1.8, the lower of (i) the Senior Advance Amount calculated using the ▇▇▇▇▇'▇ Valuation Procedures and (ii) the Senior Advance Amount calculated using the S&P Valuation Procedures.

Advance Amount. With respect to any Advance (i) under a Class A Variable Funding Certificate and any Funding Date, subject to the terms and conditions hereof, an amount equal to the product of (a) the applicable Class A Weighted Average Advance Rate and (b) the Borrowing Base and (ii) under any Class B Variable Funding Certificate and any Funding Date, subject to the terms and conditions hereof, an amount equal to the product of (a) the Class B Advance Rate and (b) the Borrowing Base.

Advance Amount means the lesser of: