Average Advance Rate definition

Average Advance Rate means a fraction, the numerator of which is the outstanding principal amount of all Revolving Loans and Term Loans and the denominator of which is the Asset Value of all Revolving Loan Collateral and Term Loans (without taking into account any Applicable Advance Rates).
Sample 1Sample 2
Average Advance Rate means a fraction, the numerator of which is the outstanding principal amount of all Revolving Loans and Term Loans and the denominator of which is the Asset Value of all Revolving Loan Collateral and Term Loan Collateral (without taking into account any Applicable Advance Rates), as such Asset Values are determined by the Administrative Agent in accordance with the definition of Asset Value.
Sample 1
Average Advance Rate means, on any date of determination, an amount determined by (a) first, with respect to each Debt Obligation (other than any Excess Concentration Debt Obligation), multiplying the Par Amount of such Debt Obligation on such date by the related Advance Rate in effect on such date, (b) second, calculating the sum of the products determined pursuant to the foregoing clause (a) and (c) third, dividing the sum determined pursuant to the foregoing clause (b) by the aggregate Par Amount of all Debt Obligations (other than any Excess Concentration Debt Obligation) on such date.
Sample 1

Examples of Average Advance Rate in a sentence

  • The Weighted Average Advance Rate represents the percentage advanced against the dealers’ wholesale price of the equipment.

  • Totals may not add to 100% due to rounding.Composition of the Receivables as of the Cutoff Date Weighted Average Adjusted APR Average Original Statistical Contract Value (1) The Weighted Average Advance Rate represents the percentage advanced against the dealers’ wholesale price of the equipment.

  • The Weighted Average Advance Rate represents the percentage advanced against the dealers' wholesale price of the equipment.

  • If at any time on or after April 28, 2011, the Revolving Loan Average Advance Rate exceeds the Targeted Revolving Loan Average Advance Rate, the Borrowers shall immediately prepay the Revolving Loans in an amount sufficient such that the Revolving Loan Average Advance Rate is less than or equal to the Targeted Revolving Loan Average Advance Rate.

  • Maximum Permitted Amount: An amount equal to the difference between (x) the product of (i) the difference between (A) the aggregate Collateral Value (as calculated using clause (a) of the definition of Market Value Percentage), minus (B) the Term Note Series Invested Amount, and (ii) the Weighted Average Advance Rate with respect to the Variable Funding Notes, minus (y) any amounts necessary to pay down the VFN Principal Balance in order to remove a Borrowing Base Deficiency.

  • Maximum Availability: At any time, subject to the Minimum Overcollateralization Amount, an amount equal to the product of the Borrowing Base and the Weighted Average Advance Rate, plus the amount on deposit in the Principal Collections Account received in reduction of the Outstanding Loan Balance of any Eligible Loan; provided, however, during the Amortization Period, the Maximum Availability shall be equal to the Advances Outstanding.

  • From and after April 28, 2011, after giving effect to any Revolving Loan to be made on such date, the Revolving Loan Average Advance Rate shall not exceed the Targeted Revolving Loan Average Advance Rate.

  • The Term Loan Average Advance Rate (assuming the Term Loans were made on the Closing Date) for the proposed Term Loan Collateral shall not exceed 79%.

Related to Average Advance Rate

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Maximum Advance Rate means 80.0%.

  • Advance Rate has the meaning assigned to such term in Section 5.13.

  • Reference Rate means the rate specified as such hereon.

  • Applicable Commitment Fee Rate means: