Advance Rates definition
Advance Rates shall have the meaning set forth in Section 2.1(a) hereof.
Advance Rates means, collectively, the Receivables Advance Rate and the Inventory Advance Rate.
Advance Rates means, collectively, the Accounts Advance Rate and the Inventory Advance Rate.
Examples of Advance Rates in a sentence
Each Borrower consents to any such adjustments and acknowledges that adjusting the Advance Rates or increasing or imposing reserves may limit or restrict Advances requested by Borrowing Agent.
The Advance Rates may be adjusted by Agent at any time and from time to time in the exercise of its Permitted Discretion; provided, that at no time may any Advance Rate be increased by Agent to an amount in excess of such Advance Rate as of the Closing Date.
More Definitions of Advance Rates
Advance Rates means, for any date of determination with respect to each Receivable and any Class of Series 2012-VF3 Notes, the percentage amount based on the Advance Type of such Receivable, as set forth below; provided, that in the event the Servicer’s (prior to any MSR Transfer Date) or the related Subservicer’s (on and after any MSR Transfer Date) S&P sub-prime servicer rating is reduced below “Average” by S&P or any other Rating Agency the Advance Rates applicable to the Receivables related to such Class of Notes shall be equal to the Advance Rates prior to such ratings reduction minus 5.00%; and provided, further, that the Advance Rate for any Receivable related to any Class of Notes shall be zero if such Receivable is not a Facility Eligible Receivable. P&I Advances (other than Servicing Fee Advances) in Non-Judicial States 83.25 % 87.50 % 89.50 % 91.25 % P&I Advances (other than Servicing Fee Advances) in Judicial States 78.00 % 84.25 % 87.50 % 90.00 % Servicing Fee Advances in Non-Judicial States 82.50 % 86.25 % 88.50 % 90.00 % Servicing Fee Advances in Judicial States 60.75 % 74.25 % 80.50 % 85.50 % Escrow Advances in Non-Judicial States 81.00 % 85.25 % 87.75 % 89.50 % Escrow Advances in Judicial States 63.00 % 75.50 % 81.75 % 86.25 % Corporate Advances in Non-Judicial States 79.00 % 84.00 % 86.50 % 89.00 % Corporate Advances in Judicial States 70.25 % 78.75 % 83.50 % 86.75 % ▇▇▇▇-▇▇▇▇▇ ▇&▇ Advances (other than Servicing Fee Advances) in Judicial States 76.50 % 83.00 % 86.25 % 88.75 % ▇▇▇▇-▇▇▇▇▇ ▇&▇ Advances (other than Servicing Fee Advances) in Non-Judicial States 82.25 % 86.50 % 88.75 % 90.50 % Loan-Level Escrow Advances in Judicial States 42.25 % 61.50 % 75.50 % 83.50 % Loan-Level Escrow Advances in Non-Judicial States 74.50 % 82.00 % 85.75 % 88.50 % Loan Level Corporate Advances in Judicial States 46.50 % 68.50 % 78.75 % 84.50 % Loan-Level Corporate Advances in Non-Judicial States 50.00 % 66.75 % 75.25 % 87.75 %
Advance Rates means the advance rates in respect of Eligible Receivables and Eligible Inventory set forth in Section 2.1(a) hereof.
Advance Rates means, on any date of determination with respect to each Receivable related to the Series 2013-VF3 Notes, the percentage amount based on the Advance Type of such Receivable, as set forth in the table below, subject to amendment by mutual agreement of the Administrative Agent and the Administrator; provided, that
Advance Rates means, on any date of determination with respect to each Receivable related to the Series 2020-VF1 Notes, the percentage amount based on the Advance Type of such Receivable, as set forth in the table below, subject to amendment by mutual agreement of the Administrative Agent and the Administrator; provided, that
Advance Rates means, collectively, the Billed Accounts Advance Rate and the Unbilled Accounts Advance Rate.
Advance Rates means, with respect to the Series 2016-T3 Notes, on any date of determination with respect to each Receivable included in the Trust Estate, the percentage amount based on the Advance Type of such Receivable, as set forth in the table below, subject to amendment by mutual agreement of the Administrative Agent and the Administrator, and with consultation with each Note Rating Agency; provided, that the Advance Rate for any Receivable related to any Class of Notes shall be zero if such Receivable is not a Facility Eligible Receivable:
Advance Rates means the percentage rates set forth in the definition of “Borrowing Base”, as such percentage rates may be modified pursuant to Section 2.1(b).