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.
Class A Note Rate means, with respect to each Interest Period, a fixed rate equal to 3.23% per annum with respect to the Class A Notes.
Maximum Advance Rate means 80.0%.
Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.
Class B Note Rate means 1.93% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.
Advance Rate has the meaning assigned to such term in Section 5.13.
Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).