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.