Facility Advance Rate definition

Facility Advance Rate means the aggregate Collateral Value of all Facility Eligible Receivables not including Non-FIFO Receivables, divided by the aggregate Receivable Balances of all Facility Eligible Receivables not including Non-FIFO Receivables.
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Facility Advance Rate means, at any time, the aggregate Collateral Value of all Facility Eligible Receivables that have positive Advance Rates for the Series 2020-VF1 Notes, divided by the aggregate Receivable Balances of all Facility Eligible Receivables that have positive Advance Rates for the Series 2020-VF1 Notes. Such Facility Advance Rate shall be calculated by the Administrator.
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Facility Advance Rate means, on any date of determination, the lesser of (a) the weighted average (as determined by the Administrative Agent) of the Individual Advance Rates in respect of the Portfolio Investments (determined based on the Initial Market Value Amount minus the Excess Concentration Amount of each such Portfolio Investment) and (b) the Facility Advance Rate Cap in effect on such date.
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Examples of Facility Advance Rate in a sentence

  • On June 08, 2022, the credit agreement was amended to redefine the "Credit Facility Advance Rate Limit.

  • In exchange for this amendment to the definition of "Credit Facility Advance Rate Limit", the Company issued 84,746 shares at Cdn $0.59 as compensation for Canadian $50K amendment fee.

  • All other terms and conditions are unchanged.In June 2022, the credit agreement was again amended to add to the definition of "Credit Facility Advance Rate Limit" 50% of the Value of Eligible Inventory that is in-transit to or between locations owned by the Borrower or with respect to which a Collateral Access Agreement has been obtained plus the Value of Eligible Receivables on account of Purchase Orders with respect to which the related goods are expected to ship prior to December 31, 2022.

  • In exchange for this renewal and amendment to the definition of “Credit Facility Advance Rate Limit”, the Company issued 14,414 shares at Cdn $5.55 (as determined by five-day volume weighted average) as compensation for Canadian $80 amendment fee.

  • In exchange for this renewal and amendment to the definition of "Credit Facility Advance Rate Limit", the Company issued 72,072 shares at Cdn $1.11 as compensation for Cdn $80K amendment fee.

  • The fee is recorded in finance costs on the statement of earnings.(iv)On June 08, 2022, the credit agreement was amended to redefine the “Credit Facility Advance Rate Limit.

  • Parent Borrower shall notify the Administrative Agent in writing promptly, and in any event within two (2) Business Days of the occurrence of an Existing ABL Facility Advance Rate Event.

  • In exchange for this renewal and amendment to the definition of "Credit Facility Advance Rate Limit", the Company issued 72,072 shares at Cdn $1.11 as compensation for Canadian $80K amendment fee.

  • In exchange for this amendment to the definition of “Credit Facility Advance Rate Limit”, the Company issued 16,949 shares at Cdn $2.95 (as determined by five-day volume weighted average) as compensation for Canadian $50 amendment fee.

  • All other terms and conditions are unchanged.In June 2022, the credit agreement was again amended to add to the definition of “Credit Facility Advance Rate Limit” 50% of the Value of Eligible Inventory that is in-transit to or between locations owned by the Borrower or with respect to which a Collateral Access Agreement has been obtained plus the Value of Eligible Receivables on account of Purchase Orders with respect to which the related goods are expected to ship prior to December 31, 2022.


More Definitions of Facility Advance Rate

Facility Advance Rate means, as of any date of calculation, the difference between (i) 75% and the sum of (a) the Type I Advance Rate Reduction Percentage, if any, and (b) the Type II Advance Rate Reduction Percentage (if any), and (c) the Type III Advance Rate Reduction Percentage, if any.
Sample 1
Facility Advance Rate means, on any date of determination, the lesser of (a) the weighted average (as determined by the Liquidation Agent) of the Individual Advance Rates in respect of the Collateral Obligations (determined based on the Initial Market Value Amount minus the Excess Concentration Amount of each Collateral Obligation (which Excess Concentration Amount shall be determined by the Liquidation Agent in accordance with a commercially reasonable methodology; provided that, in the event that the Investment Manager submits to the Liquidation Agent a calculation using a different reasonable methodology that results in a smaller Excess Concentration Amount, then the Investment Manager’s calculation shall prevail)) and (b) the Facility Advance Rate Cap in effect on such date.
Sample 1
Facility Advance Rate means, at any time, the aggregate Collateral Value of all Facility Eligible Receivables that have positive Advance Rates for the Series 2015-VF1 Notes, divided by the aggregate Receivable Balances of all Facility Eligible Receivables that have positive Advance Rates for the Series 2015-VF1 Notes. Such Facility Advance Rate shall be calculated by the Administrator.
Sample 1
Facility Advance Rate means, at any time, the aggregate Collateral Value of all Facility Eligible Receivables that have positive Advance Rates for the Series 2014-VF2 Notes, divided by the aggregate Receivable Balances of all Facility Eligible Receivables that have positive Advance Rates for the Series 2014-VF2 Notes.
Sample 1

Related to Facility Advance Rate

  • Maximum Advance Rate means 80.0%.

  • 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.

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

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Credit Card Advance Rate means 90%.

  • Advance Rates shall have the meaning set forth in Section 2.1(a) hereof.

  • Receivables Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(i) hereof.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment (without regard to usage) at such time as set forth in the Pricing Schedule.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • 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).

  • Trustee Advance Rate With respect to any Advance made by the Trustee pursuant to Section 4.01(b), a per annum rate of interest determined as of the date of such Advance equal to the Prime Rate in effect on such date plus 5.00%.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Swingline Rate means the Base Rate plus the Applicable Margin applicable to Base Rate Loans.

  • Applicable Revolver LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d). [Signature page follows.]

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Revolving Interest Rate means, with respect to Revolving Advances, an interest rate per annum equal to (a) the lesser of (i) the sum of the Alternate Base Rate plus the Applicable Revolving Domestic Rate Margin and (ii) the Maximum Rate, with respect to Domestic Rate Loans, and (b) the lesser of (i) the sum of the Eurodollar Rate plus the Applicable Revolving Eurodollar Rate Margin and (ii) the Maximum Rate, with respect to the Eurodollar Rate Loans.

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Loan Rate for any Mortgage Loan and on any day means the per annum rate of interest applicable under the related Credit Line Agreement to the calculation of interest for the day on the Asset Balance of the Mortgage Loan.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.