Examples of Class B Advance Rate in a sentence
The review identifies several specific barriers to investment in patient capital including that the majority of financing is concentrated in London and, therefore, that it is particularly difficult for businesses outside the capital to access the funding they require, especially for companies requiring more than £5m in equity investment.
Each Borrowing Notice shall set forth, and each Advance shall be comprised of (i) a proposed Class A Advance and (ii) a proposed Class B Advance, which shall be calculated at the Class B Advance Rate based on the proposed Class A Advance.
Upon any Ratings Requirement Bring-Down with respect to which the Rated Class A Advance Rate and/or the Rated Class B Advance Rate are reduced, the Administrative Agent may elect to cause a Class A Borrowing Request and/or Class B Borrowing Request, as applicable, to be deemed to have been submitted by the Borrower, in order to cure any Borrowing Base Deficiency ( e.g., decreasing the Class A Invested Amount and increasing the Class B Invested Amount).
Each Joinder Agreement shall also set forth any other applicable terms of the Class B Commitments being provided thereby, including without limitation the Applicable Class B Advance Rate (which shall be identical among all Class B Lenders), other than pricing terms described in a separate Fee Letter.
As of any date of determination, an amount equal to (a) one hundred percent (100%), minus (b) the Class B Advance Rate, plus (c) the Series 2020-1 Excess Concentration Percentage.