{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "applicable-number-of-business-days", "type": "definition", "offset": [43, 77]}, {"key": "certification-date", "type": "clause", "offset": [90, 108]}, {"key": "required-by", "type": "definition", "offset": [137, 148]}, {"key": "section-94", "type": "clause", "offset": [149, 160]}, {"key": "date-of", "type": "clause", "offset": [178, 185]}, {"key": "the-percentage", "type": "definition", "offset": [214, 228]}, {"key": "senior-secured-loans", "type": "definition", "offset": [246, 266]}, {"key": "market-value", "type": "clause", "offset": [274, 286]}, {"key": "collateral-obligations", "type": "clause", "offset": [375, 397]}, {"key": "a-\u2587", "type": "clause", "offset": [403, 406]}], "snippet": "For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a \u2587\u2587\u2587\u2587\u2587\u2019\u2587 Rating of at least \u201cB3\u201d and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %", "size": 13, "samples": [{"hash": "6bbvAMmD6h4", "uri": "/contracts/6bbvAMmD6h4#applicable-advance-rate", "label": "Indenture (NewStar Financial, Inc.)", "score": 27.1711158752, "published": true}, {"hash": "1inl9gFVCCV", "uri": "/contracts/1inl9gFVCCV#applicable-advance-rate", "label": "Indenture (NewStar Financial, Inc.)", "score": 26.7193698883, "published": true}, {"hash": "hdjkWLLcGSN", "uri": "/contracts/hdjkWLLcGSN#applicable-advance-rate", "label": "Indenture (NewStar Financial, Inc.)", "score": 25.3066387177, "published": true}], "hash": "d0fd617de20a509b3b86ff72bb482268", "id": 1}, {"snippet_links": [], "snippet": "means the following:", "size": 12, "samples": [{"hash": "dNmXg2OaX1O", "uri": "/contracts/dNmXg2OaX1O#applicable-advance-rate", "label": "Mortgage Warehousing Agreement (M/I Homes, Inc.)", "score": 32.4168395996, "published": true}, {"hash": "fIG0b05HPIv", "uri": "/contracts/fIG0b05HPIv#applicable-advance-rate", "label": "Mortgage Warehousing Agreement (M/I Homes, Inc.)", "score": 32.3963050842, "published": true}, {"hash": "bmla1FTHjR5", "uri": "/contracts/bmla1FTHjR5#applicable-advance-rate", "label": "Mortgage Warehousing Agreement (M/I Homes, Inc.)", "score": 31.4147834778, "published": true}], "hash": "1d333a14ab4ee693ddb4daa75a94a250", "id": 2}, {"snippet_links": [{"key": "the-fee-letter", "type": "clause", "offset": [49, 63]}], "snippet": "means the \u201cApplicable Advance Rate\u201d described in the Fee Letter.", "size": 9, "samples": [{"hash": "9T8RzNjUWN", "uri": "/contracts/9T8RzNjUWN#applicable-advance-rate", "label": "Credit Agreement (FlexShopper, Inc.)", "score": 35.2368240356, "published": true}, {"hash": "68T2rxripus", "uri": "/contracts/68T2rxripus#applicable-advance-rate", "label": "Credit Agreement (FlexShopper, Inc.)", "score": 32.0937728882, "published": true}, {"hash": "gXrlB0rsa7o", "uri": "/contracts/gXrlB0rsa7o#applicable-advance-rate", "label": "Credit Agreement (FlexShopper, Inc.)", "score": 29.2600955963, "published": true}], "hash": "f328b3d4fcfb550f6c0be9d340e018ad", "id": 3}, {"snippet_links": [{"key": "collateral-obligation", "type": "clause", "offset": [16, 37]}, {"key": "applicable-number-of-business-days", "type": "definition", "offset": [50, 84]}, {"key": "certification-date", "type": "clause", "offset": [97, 115]}, {"key": "date-of", "type": "clause", "offset": [173, 180]}, {"key": "the-percentage", "type": "definition", "offset": [192, 206]}], "snippet": "means, for each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale as described in this section and the expected date of such sale, the percentage specified below:", "size": 7, "samples": [{"hash": "8yyNX1y0xzi", "uri": "https://www.ise.ie/debt_documents/halcon_10339.pdf", "label": "Floating Rate Note", "score": 9.0, "published": false}, {"hash": "gR04SwtgMo4", "uri": "https://www.ise.ie/debt_documents/halcyon2006-1_7720.pdf", "label": "www.ise.ie", "score": 5.0, "published": false}, {"hash": "cslEoJ1cxHT", "uri": "https://www.ise.ie/debt_documents/battalion_15064.pdf", "label": "www.ise.ie", "score": 5.0, "published": false}], "hash": "79205e90cae13b54b1cdf7f6f4c35888", "id": 4}, {"snippet_links": [{"key": "in-respect-of", "type": "definition", "offset": [7, 20]}, {"key": "type-of-receivable", "type": "definition", "offset": [26, 44]}, {"key": "the-percentage", "type": "definition", "offset": [46, 60]}, {"key": "mini-money-2500", "type": "definition", "offset": [183, 198]}], "snippet": "means, in respect of each Type of Receivable, the percentage shown in the column opposite such Type of Receivable in the following table: Flex 80.00 % Mini Money1 80.00 % Mini Money, Mini Money 25002 70.00 % Mini Money, Mini Money 2500 and Mini Money 35003 80.00 %", "size": 6, "samples": [{"hash": "jeFidBshmfZ", "uri": "/contracts/jeFidBshmfZ#applicable-advance-rate", "label": "Amendment Agreement (Mogo Finance Technology Inc.)", "score": 29.164270401, "published": true}, {"hash": "1GWKOdis7bq", "uri": "/contracts/1GWKOdis7bq#applicable-advance-rate", "label": "Revolving Credit and Guarantee Agreement (Mogo Finance Technology Inc.)", "score": 29.164270401, "published": true}], "hash": "ce683c738a62c92b09c81cb4bf5e0bc3", "id": 5}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [6, 21]}, {"key": "included-investor", "type": "definition", "offset": [26, 43]}, {"key": "fifty-percent", "type": "definition", "offset": [45, 58]}, {"key": "provided-that", "type": "definition", "offset": [66, 79]}, {"key": "the-administrative-agent", "type": "definition", "offset": [81, 105]}, {"key": "sole-discretion", "type": "definition", "offset": [117, 132]}, {"key": "the-applicable", "type": "clause", "offset": [142, 156]}, {"key": "pursuant-to-a", "type": "definition", "offset": [196, 209]}, {"key": "primary-borrower", "type": "definition", "offset": [227, 243]}], "snippet": "means with respect to any Included Investor, fifty percent (50%); provided that, the Administrative Agent may in its sole discretion increase the Applicable Advance Rate for any Included Investor pursuant to a writing with the Primary Borrower.", "size": 6, "samples": [{"hash": "kwPbI4Kh3ol", "uri": "/contracts/kwPbI4Kh3ol#applicable-advance-rate", "label": "Revolving Credit Agreement (Goldman Sachs Middle Market Lending Corp. II)", "score": 33.5722122192, "published": true}, {"hash": "de5OzrPf3xb", "uri": "/contracts/de5OzrPf3xb#applicable-advance-rate", "label": "Revolving Credit Agreement (Goldman Sachs Middle Market Lending Corp. II)", "score": 33.0328559875, "published": true}], "hash": "b2feae95c286d9caabddaf7738047bcd", "id": 6}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "eligible-loan-asset", "type": "definition", "offset": [27, 46]}, {"key": "the-percentage", "type": "definition", "offset": [48, 62]}], "snippet": "means, with respect to any Eligible Loan Asset, the percentage with respect to such Loan Asset determined as follows:", "size": 4, "samples": [{"hash": "kGVXKHsUpO9", "uri": "/contracts/kGVXKHsUpO9#applicable-advance-rate", "label": "Credit, Security and Management Agreement (Saratoga Investment Corp.)", "score": 23.1601638794, "published": true}, {"hash": "c1MLZ00A6cv", "uri": "/contracts/c1MLZ00A6cv#applicable-advance-rate", "label": "Credit, Security and Management Agreement (GSC Investment Corp.)", "score": 21.585899353, "published": true}, {"hash": "e4ULFiLES8Q", "uri": "https://ir.saratogainvestmentcorp.com/static-files/5c480cd7-17b6-47e9-8681-4249d84dcddf", "label": "ir.saratogainvestmentcorp.com", "score": 14.624332428, "published": false}], "hash": "c2046e016f9a38d282c632439af5c22c", "id": 7}, {"snippet_links": [{"key": "date-of-determination", "type": "definition", "offset": [17, 38]}, {"key": "period-from", "type": "definition", "offset": [54, 65]}, {"key": "the-closing-date", "type": "clause", "offset": [66, 82]}, {"key": "borrowing-base-certificate-delivery-date", "type": "definition", "offset": [109, 149]}, {"key": "with-respect-to", "type": "clause", "offset": [150, 165]}, {"key": "month-ended", "type": "definition", "offset": [170, 181]}, {"key": "first-day", "type": "definition", "offset": [237, 246]}, {"key": "following-the", "type": "definition", "offset": [247, 260]}, {"key": "at-all-times", "type": "definition", "offset": [1011, 1023]}], "snippet": "means, as of any date of determination (a) during the period from the Closing Date through and including the Borrowing Base Certificate Delivery Date with respect to the month ended December 31, 2017, 90%, (b) during the period from the first day following the Borrowing Base Certificate Delivery Date with respect to the month ended December 31, 2017, through and including the Borrowing Base Certificate Delivery Date with respect to the month ended March 31, 2018, 88%, (c) during the period from the first day following the Borrowing Base Certificate Delivery Date with respect to the month ended March 31, 2018, through and including the Borrowing Base Certificate Delivery Date with respect to the month ended June 30, 2018, 87%, (d) during the period from the first day following the Borrowing Base Certificate Delivery Date with respect to the month ended June 30, 2018, through and including the Borrowing Base Certificate Delivery Date with respect to the month ended September 30, 2018, 86%, and (e) at all times after the Borrowing Base Certificate Delivery Date with respect to the month ended September 30, 2018, 85%.", "size": 3, "samples": [{"hash": "bOm8EonCxP7", "uri": "/contracts/bOm8EonCxP7#applicable-advance-rate", "label": "Credit Agreement (Falcon Capital Acquisition Corp.)", "score": 32.3976745605, "published": true}, {"hash": "6fPoqJH22S8", "uri": "/contracts/6fPoqJH22S8#applicable-advance-rate", "label": "Credit Agreement (Falcon Capital Acquisition Corp.)", "score": 32.3976745605, "published": true}, {"hash": "ce5bBtZgHDB", "uri": "/contracts/ce5bBtZgHDB#applicable-advance-rate", "label": "Credit Agreement (Sharecare, Inc.)", "score": 32.1252555847, "published": true}], "hash": "03b36fbfdf7c3718adcb830fd5947c9d", "id": 8}, {"snippet_links": [{"key": "in-respect-of", "type": "definition", "offset": [28, 41]}, {"key": "eligible-mortgage-loans", "type": "clause", "offset": [42, 65]}, {"key": "percentage-amount", "type": "definition", "offset": [90, 107]}, {"key": "credit-judgment", "type": "definition", "offset": [130, 145]}, {"key": "from-time-to-time", "type": "clause", "offset": [157, 174]}], "snippet": "means seventy percent (70%) in respect of Eligible Mortgage Loans or such higher or lower percentage amount as Agent, in its sole credit judgment, may elect from time to time.", "size": 3, "samples": [{"hash": "2PH6wRUjs6u", "uri": "/contracts/2PH6wRUjs6u#applicable-advance-rate", "label": "Credit and Security Agreement (Manhattan Bridge Capital, Inc)", "score": 34.1854896545, "published": true}, {"hash": "dhCy29VW8eA", "uri": "/contracts/dhCy29VW8eA#applicable-advance-rate", "label": "Credit and Security Agreement (Manhattan Bridge Capital, Inc)", "score": 28.7973995209, "published": true}], "hash": "f2c89e3f9ea66946937ec8ee960a3f54", "id": 9}, {"snippet_links": [{"key": "applicable-percentage", "type": "definition", "offset": [10, 31]}, {"key": "from-time-to-time", "type": "clause", "offset": [50, 67]}, {"key": "the-lenders", "type": "clause", "offset": [107, 118]}, {"key": "implied-value", "type": "definition", "offset": [138, 151]}, {"key": "borrowing-base", "type": "clause", "offset": [174, 188]}, {"key": "hotel-properties", "type": "definition", "offset": [199, 215]}, {"key": "secured-collateral", "type": "definition", "offset": [223, 241]}, {"key": "negative-collateral-pool", "type": "definition", "offset": [287, 311]}], "snippet": "means the applicable percentage (as it may change from time to time upon the agreement of the Borrower and the Lenders) of either Cost or Implied Value used to calculate the Borrowing Base which for Hotel Properties in the Secured Collateral Pool is 50%, and for Hotel Properties in the Negative Collateral Pool is 40%.", "size": 3, "samples": [{"hash": "lkg1xejl9Fx", "uri": "/contracts/lkg1xejl9Fx#applicable-advance-rate", "label": "Revolving Credit Agreement (RFS Hotel Investors Inc)", "score": 18.0, "published": true}, {"hash": "bQvDr0Xvcal", "uri": "/contracts/bQvDr0Xvcal#applicable-advance-rate", "label": "Revolving Credit Agreement (RFS Hotel Investors Inc)", "score": 18.0, "published": true}], "hash": "c5298e163bca5c4beb72e4414085e931", "id": 10}], "next_curs": "CmQSXmoVc35sYXdpbnNpZGVyY29udHJhY3RzckALEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIgYXBwbGljYWJsZS1hZHZhbmNlLXJhdGUjMDAwMDAwMGEMogECZW4YACAA", "definition": {"snippet": "For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a \u2587\u2587\u2587\u2587\u2587\u2019\u2587 Rating of at least \u201cB3\u201d and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %", "title": "Applicable Advance Rate", "size": 162, "id": "applicable-advance-rate", "examples": ["Subject to the provisions of this Agreement, Borrower may request Advances under the Revolving Facility up to and including the value, in U.S. Dollars, in an amount equal to the <strong>Applicable Advance Rate</strong> of the Borrowing Base, minus, if applicable, amounts reserved pursuant to this Agreement (such calculated amount being referred to herein as the &quot;Availability&quot;).", "The prior written consent of the Administrative Agent shall be required if such Loan Asset to be sold is for an amount which is less than the product of the <strong>Applicable Advance Rate</strong> times the Adjusted Borrowing Value of such Loan Asset.", "Borrower acknowledges that the foregoing shall not limit the ability of the Lender to reduce or otherwise adjust any <strong>Applicable Advance Rate</strong> or the Availability upon the occurrence of a Default or Event of Default or as otherwise provided in this Agreement.", "The \u201cUpdated Pre-Opening Cost Adjustment\u201d shall mean an amount equal to 50% of the difference between the amount of the Updated Pre-Opening Cost Estimate and the amount of the Actual Pre-Opening Costs.", "In the event that the Borrower exercises such option to increase the <strong>Applicable Advance Rate</strong> pursuant to and in accordance with the terms hereof, the determination of the Borrowing Base (as defined in the Fourth Restated Loan Agreement (as modified hereby)) will be based upon such (55%) <strong>Applicable Advance Rate</strong> multiplied by the fair market value (determined on an &quot;as-is&quot; basis) of each Collateral Pool Property (in the aggregate) as reflected in the appraisals the Agent obtains under subparagraph (i) above.", "Subject to the provisions of this Agreement, Borrower may request Advances under the Revolving Facility up to and including the value, in U.S. Dollars, of the sum of (i) the <strong>Applicable Advance Rate</strong> (as hereinafter defined) of the Borrowing Base for Eligible Receivables and (ii) the <strong>Applicable Advance Rate</strong> of the Borrowing Base for Eligible Inventory minus, if applicable, amounts adjusted or reserved pursuant to this Agreement (such calculated amount being referred to herein as the \u201cAvailability\u201d).", "Securities Availability Cap, and (iii) as to each item of Additional Collateral on deposit in the Additional Collateral Account, the amount of such Additional Collateral multiplied by the <strong>Applicable Advance Rate</strong>, to be at least equal to the Letter of Credit Outstandings.", "As long as no Default or Event of Default shall have occurred and be continuing, any change in the <strong>Applicable Advance Rate</strong> shall be effective as of the fifth (5th) Business Day following the submission to the Lender of the Compliance Certificate for the applicable Test Period pursuant to Section 6.1(a).", "Each Joinder Agreement shall also set forth any other applicable terms of the Revolving Commitments being provided thereby, including without limitation the <strong>Applicable Advance Rate</strong> (which shall be identical among all Lenders), other than pricing terms described in the Undertakings Agreement.", "Permit the aggregate principal amount of the Loans then outstanding at any time to exceed the <strong>Applicable Advance Rate</strong>."], "related": [["maximum-advance-rate", "Maximum Advance Rate", "Maximum Advance Rate"], ["weighted-average-advance-rate", "Weighted Average Advance Rate", "Weighted Average Advance Rate"], ["advance-rate", "Advance Rate", "Advance Rate"], ["inventory-advance-rate", "Inventory Advance Rate", "Inventory Advance Rate"], ["maximum-revolving-advance-amount", "Maximum Revolving Advance Amount", "Maximum Revolving Advance Amount"]], "related_snippets": [], "updated": "2026-05-10T05:39:37+00:00"}, "json": true, "cursor": ""}}