Lender Allocation Percentage means (i) if the Effective Advance Rate is equal to or greater than 65%, 50%, (ii) if the Effective Advance Rate is equal to or greater than 55% but less than 65%, 45%, (iii) if the Effective Advance Rate is equal to or greater than 45% but less than 55%, 40%, (iv) if the Effective Advance Rate is less than 45%, 35%; provided that, notwithstanding the foregoing, from and after the Refinancing Date or the occurrence of any Event of Default the Lender Allocation Percentage shall be 100%.
Lender Allocation Percentage means (i) if the Effective Advance Rate is equal to or greater than 50%, 70% (ii) if the Effective Advance Rate is equal to or greater than 40% but less than 50%, 50% (iii) if the Effective Advance Rate is equal to or greater than 35% but less than 40%, 30% and (iv) if the Effective Advance Rate is less than 35%, 10%.
Lender Allocation Percentage means, as of any Payment Date Cut-Off, the greater of: (i) 65% and (ii) the percentage obtained by dividing (x) the Advances Outstanding as of such date by (y) the sum of the Adjusted Borrowing Value of each Eligible Loan Asset as of such date.
More Definitions of Lender Allocation Percentage
Lender Allocation Percentage means, as of any Payment Date Cut-Off, the greater of: (i) 65% and (ii) the percentage obtained by dividing (x) the Advances Outstanding as of such date by (y) the sum of the Adjusted Borrowing Value of alleach Eligible Loan AssetsAsset as of such date.
Lender Allocation Percentage means (i) if the Effective Advance Rate is equal to or greater than 65%, 60%, (ii) if the Effective Advance Rate is equal to or greater than 55% but less than 65%, 50%, (iii) if the Effective Advance Rate is equal to or greater than 45% but less than 55%, 40% and (iv) if the Effective Advance Rate is less than 45%, 35%; provided that, after the end of the Revolving Period, during the period in which the Minimum Equity Test is not satisfied as of any date of determination, the Lender Allocation Percentage shall be 100%; provided, further, that, during the continuation of an Event of Default, the Lender Allocation Percentage will be 100%.
Lender Allocation Percentage means (x) if no Facility Termination Event has occurred and is continuing, (i) if the Effective Advance Rate is equal to or greater than 50%, 70% (ii) if the Effective Advance Rate is equal to or greater than 40% but less than 50%, 50% (iii) if the Effective Advance Rate is equal to or greater than 35% but less than 40%, 30% and (iv) if the Effective Advance Rate is less than 35%, 10% and (y) if a Facility Termination Event has occurred and is continuing, 100%.
Lender Allocation Percentage means (i) if the Effective Advance Rate is equal to or greater than 65%, 50% (ii) if the Effective Advance Rate is equal to or greater than 55% but less than 65%, 45% (iii) if the Effective Advance Rate is equal to or greater than 45% but lessthan 55%, 40% and (iv) if the Effective Advance Rate is less than 45%, 35%.
Lender Allocation Percentage. “Maximum Portfolio Advance Rate”, or “Minimum Equity Condition”, or any defined term used therein, in each case in a manner which would have the effect of making more credit available to the Borrower, or make such provision less restrictive on the Borrower in any other material fashion, (i) extend the Revolving Period or (j) modify the form or details of the Monthly Report in a manner that materially reduces the reporting requirements.
Lender Allocation Percentage. “Maximum Portfolio Advance Rate”, “Minimum Equity Test”, “Refinancing Date” or “Weighted Average Advance Rate”, in each case in a manner which would have the effect of making more credit available to the Borrower, or make such provision less restrictive on the Borrower in any other material fashion, (e) modify or alter the provisions providing for pro rata treatment of Advances, reductions in the Facility Amount or Commitments, allocation of Commitments in connection with an extension of the Revolving Period, allocation of payments and Advances to non- Defaulting Lenders or allocation of payments as, respectively, set forth in Sections 2.4, 2.5, 2.6, 2.9, 2.10, 4.1 and 8.3 or (f) materially modify the form or details of the reporting obligations hereunder in a manner that reduces the reporting requirements.
Lender Allocation Percentage means, on any date of determination, (a) if the Diversity Score is greater than 15, 0%, and (b) if the Diversity Score is less than or equal to 15, the percentage set forth in the below table based on the Effective Advance Rate as of such date: Effective Advance Rate Lender Allocation Percentage Greater than or equal to 67.5% 60% Greater than or equal to 55% but less than 67.5% 50% Greater than or equal to 45% but less than 55% 40% Less than 45% 35%