Maximum Advance Rate definition
Maximum Advance Rate means 80.0%.
Maximum Advance Rate means 80%.
Maximum Advance Rate means, on any date of determination, (a) if the Diversity Score is less than 8, 55.00%, (b) if the Diversity Score is 8 or greater and less than 12, 60.00%, (c) if the Diversity Score is 12 or greater and less than 15, 65.00% and (d) if the Diversity Score is 15 or greater, 70.00%.
Examples of Maximum Advance Rate in a sentence
With respect to any Borrowing Base Deficiency resulting solely from the reduction of the Maximum Advance Rate following the occurrence of a Tier 1 Collateral Performance Trigger, the Borrower may, within thirty (30) days of the date on which the Maximum Advance Rate was reduced, pledge additional Eligible Receivables to the Collateral Agent and/or prepay the Loans in an aggregate amount up to the amount necessary to cure such Borrowing Base Deficiency.
More Definitions of Maximum Advance Rate
Maximum Advance Rate as of any Determination Date, equals 70%.
Maximum Advance Rate means, for any date of determination (a) so long as no Tier 1 Collateral Performance Trigger has occurred or is continuing during the three (3) months prior to such date of determination, [***]%; and (b) if a Tier 1 Collateral Performance Trigger has occurred or is continuing during the three (3) months prior to such date of determination, a rate equal to (x) the Maximum Advance Rate in effect prior to the occurrence of such Tier 1 Collateral Performance Trigger minus (y) [***]%.
Maximum Advance Rate means, at any time, the “Advance Rate” specified in the Matrix based on the applicable combination of Matrix Inputs as then in effect.
Maximum Advance Rate means 75.0%.
Maximum Advance Rate means, with respect to each Purchased Asset, the maximum amount, expressed as a percentage of par, as specified in the appropriate row for such Purchased Asset under the “Maximum Advance Rate” column in the table attached as Schedule I to the Fee Letter, or, if such Purchased Asset is not described in Schedule I or if Seller and Buyer otherwise agree, any amount specified in the related Confirmation for such Purchased Asset; provided that, with respect to any Eligible Asset to be purchased hereunder, the Maximum Advance Rates shown in Schedule I to the Fee Letter are only indicative of the maximum advance rate available to Seller, and Buyer is not obligated to purchase any Eligible Asset at such Maximum Advance Rates.
Maximum Advance Rate means, as to any item of Eligible Collateral, the maximum Advance Rate that shall be determined by Lender in Lender's sole and absolute discretion; provided, that, with respect to the specific categories of Eligible Collateral referred to in the definition of Eurodollar Rate Spread, the Maximum Advance Rate shall not exceed the respective Advance Rates set forth in such definition.
Maximum Advance Rate means at any time a percentage equal to the sum of (i) the product of (A) 60% and (B) a fraction, the numerator of which is the aggregate Collateral Balance of the Eligible Assets that are Bridge Loans at such time, and the denominator of which is the Eligible Asset Balance and (ii) the product of (A) 75% and (B) a fraction, the numerator of which is the aggregate Collateral Balance of all Eligible Assets (other than Bridge Loans) at such time, and the denominator of which is the Eligible Asset Balance.