Receivables Advance Rate definition

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

Receivables Advance Rate shall have the meaning set forth in the definition of Receivables Availability.

Receivables Advance Rate means 90%.

Examples of Receivables Advance Rate in a sentence

• Each Borrower consents to any such increases or decreases and acknowledges that decreasing the Receivables Advance Rate or increasing or imposing reserves may limit or restrict Advances requested by Borrowing Agent.

• The Receivables Advance Rate may be increased or decreased by Agent at any time and from time to time in the exercise of its Permitted Discretion.

• PLUS (d) The face amount of Eligible Receivables (net of Receivables Reserves) multiplied by the Receivables Advance Rate.

• Each Borrower consents to any such increases or decreases and acknowledges that decreasing the Receivables Advance Rate or FILO Receivables Advance Rate or increasing or imposing reserves may limit or restrict Advances requested by Borrowing Agent.

• Every instrument executed in manner provided by this Bye-law shall be deemed to besealed and executed with the authority of the Board previously given.

More Definitions of Receivables Advance Rate

Receivables Advance Rate means eighty-five percent (85%).

Receivables Advance Rate means 85%.

Receivables Advance Rate means (i) 80% if the Accounts Receivable Reporting Requirement is not then in effect, and (ii) 85% if either (x) the Accounts Receivable Reporting Requirement is then in effect or (y) the Borrowers elect at their option to provide the detailed accounts receivables reporting as required by Section 6.02(c) as if the Account Receivable Reporting Requirement was in effect at such time.

Receivables Advance Rate shall have the meaning set forth in Section 2.01(a)(i) hereof.

Receivables Advance Rate means (i) ninety percent (90%) in respect of Credit Enhanced Eligible Trade Receivables and (ii) otherwise, eighty-five percent (85%);

Receivables Advance Rate shall have the meaning set forth in Section 2.1(b)(i) hereof. “Recipient” shall mean the Agent, any Lender, Swing Loan Lender, a Participant or Issuer.

Receivables Advance Rate means 80% or such greater or lesser percentage as Lender may from time to time establish in its sole discretion upon notice to Borrower.