Equipment Advance Rate definition

Equipment Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(iii) hereof.
Equipment Advance Rate shall have the meaning set forth in the definition of Amortizing Availability.
Equipment Advance Rate means 80%. “Equipment Amortization Amount” means the quotient of (a) the lesser of (i) the Appraised Value of Eligible Equipment, multiplied by the Equipment Advance Rate, or (ii) $4,000,000, divided by (b) one hundred twenty (120). “Equipment Reserves” means such reserves as the Administrative Agent from time to time determines in the Administrative Agent’s Permitted Discretion as being appropriate to reflect the impediments to the Administrative Agent’s ability to realize upon any Eligible Equipment, including based on the results of appraisals. “Equity Interests” means, with respect to any Person, all of the shares of capital stock of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or

Examples of Equipment Advance Rate in a sentence

  • Ian Pearson noted that this refered to the Academy’s own admission policy.

  • The Equipment Advance Rate ----------------------------------- shall be reduced by 23.3 percentage points on December 31, 1999 and on December 31 of each year thereafter, until it is reduced to zero.

  • On December 31, 1999, the Equipment Advance Rate would be reduced by 23.3 percentage points from 70% to 46.7%, and the Loans available under Section 1(2)(d) above would then be 46.7%, of $2,000,000 or $934,000.

  • However, if Xxxxxxxx made a written request to TBCC by November 1, 1999 for a reappraisal, then there would be no reduction in the Equipment Advance Rate.

  • The Lender shall have no obligation to make the Equipment Term Advance if, after giving effect to such requested Equipment Term Advance, the outstanding principal balance of the Equipment Term Advances would exceed the amount determined by multiplying the Equipment Advance Rate times the Net Forced Liquidation Value of Eligible Equipment.


More Definitions of Equipment Advance Rate

Equipment Advance Rate means eighty-five (85%) percent, provided, that, such percentage shall be reduced to eighty-two and one-half (82 1/2%) percent on July 1, 2007 and effective as of January 1 and July 1 of each year thereafter by an additional two and one-half (2 1/2%) percent as of each such date.
Equipment Advance Rate set forth in Section 1.1 of the Loan Agreement is hereby deleted in its entirety.
Equipment Advance Rate means, for each period set forth in the chart below, the percentage set forth opposite such period:
Equipment Advance Rate means seventy-five percent (75%); provided, that such ---------------------- -------- percentage shall be reduced by three (3) percentage points on the first day of each August, November, February and May beginning August 1, 1997 until reduced to sixty percent (60%).
Equipment Advance Rate means up to one hundred percent (100%) of the Net Forced Liquidation Value of Eligible Equipment, or such lesser rate as the Lender in its sole discretion may deem appropriate from time to time.
Equipment Advance Rate shall have the meaning set forth in Section 2.1(a)(i) hereof.
Equipment Advance Rate means the percentage(s) set forth in Section 1(b)(iv) of Schedule A.