Definition of Portfolio Advance Rate

  1. Portfolio Advance Rate means, as of any Measurement Date (or other applicable date), the ratio (expressed as a percentage) obtained by dividing:

Definition of Portfolio Advance Rate in Amended and Restated

Portfolio Advance Rate means, as of any Measurement Date (or other applicable date), the ratio (expressed as a percentage) obtained by dividing:


Definition of Portfolio Advance Rate in Credit Agreement

Portfolio Advance Rate means the percentage calculated by dividing (x) the Borrower Liabilities by (y) the Borrowing Base.