Asset Advance Rate means fifty percent (50%).
Asset Advance Rate means, with respect to any Portfolio Asset that is a First Lien Loan or a First-Lien Last-Out Loan, 67.5%.
Asset Advance Rate means, as of any date of determination with respect to each Eligible Collateral LoanAsset, the Asset Advance Rate set forth on the related Approval Request by the Administrative Agent, which shall be based on the lowest applicable indicative levels for the type of such Eligible Collateral LoanAsset set forth below: Type of Eligible Collateral LoanAsset Asset Advance Rate Broadly Syndicated Loans with a Xxxxx’x Rating of “B3” or higher and an S&P Rating of “B-” or higher 75.0 % Private Credit Loans 72.5 % Senior Secured Bonds 70.0 % Middle Market Loans (that are not Private Credit Loans) 70.0 % Broadly Syndicated Loans with a Xxxxx’x Rating of less than “B3” or an S&P Rating of less than “B-” after the related Acquisition Date 40.0 % Second Lien Loans 40.0 %. Senior Unsecured Bonds 35.0 %
More Definitions of Asset Advance Rate
Asset Advance Rate means, as of any date of determination with respect to each Eligible Collateral Asset, the Asset Advance Rate set forth on the related Approval Request by the Administrative Agent, which shall be based on the lowest applicable indicative levels for the type of such Eligible Collateral Asset set forth below: Type of Eligible Collateral Asset Asset Advance Rate Broadly Syndicated Loans that are First Lien Loans with either (x) a Xxxxx’x Rating of “B3” or higher and an S&P Rating of “B-” or higher, (y) a Xxxxx’x Rating of “B3” or higher and no S&P Rating or (z) or an S&P Rating of “B-” or higher and no Xxxxx’x Rating; 75.0 % Middle Market Loans that are First Lien Loans 70.0 % Senior Secured Bonds 65.0 % Broadly Syndicated Loans that are First Lien Loans with a Xxxxx’x Rating of “B3” or higher and an S&P Rating of “CCC+” or lower as of the related Acquisition Date; and Broadly Syndicated Loans that are First Lien Loans with a Xxxxx’x Rating of “Caa1” or lower and an S&P Rating of “B-” or higher as of the related Acquisition Date 50.0 % Broadly Syndicated Loans that are First Lien Loans with a Xxxxx’x Rating of “B3” or higher and an S&P Rating downgraded after the related Acquisition Date to “CCC+” or lower; and Broadly Syndicated Loans that are First Lien Loans with a Xxxxx’x Rating downgraded after the related Acquisition Date to “Caa1” or lower and an S&P Rating of “B-” or higher 40.0 % Type of Eligible Collateral Asset Asset Advance Rate MRR Loans 55.0 % First Lien Last Out Loans or Second Lien Loans 40.0 % provided that, for purposes of the foregoing, any Broadly Syndicated Loan which is rated by a nationally recognized rating agency but is not rated by Xxxxx’x or S&P (with an equivalent rating of any of the foregoing ratings set forth in the above table) shall have an Asset Advance Rate as determined by the Administrative Agent in its sole discretion.
Asset Advance Rate means, as of any date of determination with respect to each Eligible Collateral Loan, the Asset Advance Rate set forth on the related Approval Request by the Administrative Agent, which shall be based on the lowest applicable indicative levels for the type of such Eligible Collateral Loan set forth below: Asset Type Advance Rate First Lien Loans w/ EBITDA greater than $50 million 70.00 % First Lien Loans w/ EBITDA less than or equal to $50 million 67.50 % Healthcare Loans 60.00 % Asset Based Loans 60.00 % First Lien Last Out Loans 50.00 % Deemed Second Lien Loans 45.00 % Second Lien Loans 40.00 %
Asset Advance Rate means, with respect to any Portfolio Asset that is a First Lien Loan or a First-Lien Last-Out
Asset Advance Rate means, with respect to any Portfolio Asset that is a First Lien Loan or a First-Lien Last-Out Loan, 67.5 with, on the trade date for such Portfolio Asset, (a)(i) a Moody’s Rating of “B3” or higher or (ii) an S&P Rating of “B-” or higher, 70.0%, or (b)(i) a Moody’s Rating of “Caa1” or lower or (ii) an S&P Rating of “CCC+” or lower, 60.0% .
Asset Advance Rate means, as of any date of determination with respect to each Eligible Collateral Loan, the Asset Advance Rate set forth on the related Approval Request by the Administrative Agent, which shall be based on the lowest applicable indicative levels for the type of such Eligible Collateral Loan set forth below: Type of Eligible Collateral Loan Asset Advance Rate Broadly Syndicated Loans with a Xxxxx’x Rating of “B3” or higher and an S&P Rating of “B-” or higher 75.0 % Private Credit Loans 72.5 % Middle Market Loans (that are not Private Credit Loans) 70.0 % Broadly Syndicated Loans with a Xxxxx’x Rating of less than “B3” or an S&P Rating of less than “B-” after the related Acquisition Date 40.0 % Second Lien Loans 40.0 %
Asset Advance Rate means, with respect to any Portfolio Asset that is a First Lien Loan or a First-Lien Last-Out Loan, 67.5 with, on the trade date for such Portfolio Asset, (a)(i) a Xxxxx’x Rating of “B3” or higher or (ii) an S&P Rating of “B-” or higher, 70.0%, or (b)(i) a Xxxxx’x Rating of “Caa1” or lower or (ii) an S&P Rating of “CCC+” or lower, 60.0% .
Asset Advance Rate means, as of any date of determination with respect to each Eligible Collateral Asset, the Asset Advance Rate set forth on the related Approval Request by the Administrative Agent, which shall be based on the lowest applicable indicative levels for the type of such Eligible Collateral Asset set forth below: Type of Eligible Collateral Asset Asset Advance Rate First Lien Loans Up to 70.0% First Lien Last Out Loans Up to 60.0% MRR Loans Up to 50.0% Second Lien Loans Up to 40.0%.