Real Property Advance Rate means (a) from and including the Second Amendment Effective Date through and including the earlier to occur of (i) the first Reset Date occurring after the Second Amendment Effective Date and (ii) December 31, 2016, 75% and (b) at all times thereafter, 60%.
Real Property Advance Rate means 60%.”
Real Property Advance Rate means 60%, which amount shall be reduced to 58.5% on October 1, 2013 and shall continue to be reduced by an additional 1.5 percentage points on the first day of each calendar quarter thereafter; provided, that, such percentage shall be reset to 60% on the 2015 Reset Date and shall thereafter be reduced by 1.5 percentage points on the first day of each calendar quarter commencing with the first such date following the 2015 Reset Date.
More Definitions of Real Property Advance Rate
Real Property Advance Rate. Fifty percent (50%).
Real Property Advance Rate means 60%.
Real Property Advance Rate means, as of the Restatement Effective Date, 75.0%, which percentage will be reduced by 1.25% on the first day of each fiscal quarter, commencing with the fiscal quarter beginning July 31, 2022.
Real Property Advance Rate set forth in Schedule 1.1 to the Credit Agreement is hereby amended by deleting such definition in its entirety and replacing it with the following: