Term Loan Advance Rate definition

Term Loan Advance Rate has the meaning ascribed thereto on Annex E to this Agreement.
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Term Loan Advance Rate means:
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Term Loan Advance Rate means, with respect to any Term Loan, an amount equal to one (1) minus the Term Loan Loss Ratio applicable to such Term Loan. The “Term Loan Loss Ratio” with respect to a Term Loan shall be calculated as follows: (i) first, for each Financing Contract related to such Term Loan, calculate the net present value (derived using a discount rate of 6%) of all Lease Payments or Installment Payments, as applicable, which became due or are to become due on or after the relevant Tagging Date for such Financing Contract (as determined by taking the amount set forth for such Financing Contract in Columns C through the end of the Statement of Cash Flows delivered in connection with the Term Loan related thereto) (the “NPV Amount”), (ii) second, calculate the sum of the NPV Amounts for all Financing Contracts related to such Term Loan, (iii) third, for each Financing Contract related to such Term Loan, calculate the product of (a) the Loss Component attributable to such Financing Contract multiplied by (b) the NPV Amount for such Financing Contract (the “FC Loss Amount”), (iv) fourth, calculate the sum of the FC Loss Amounts for all Financing Contracts related to such Term Loan, and (v) fifth, divide the amount derived from clause (iv) by the number derived from clause (ii).
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More Definitions of Term Loan Advance Rate

Term Loan Advance Rate means, as of any date of determination: Date of Determination Rate Date of Determination Rate On or before 7/31/14 10.5 % On or after 2/1/17 and before 4/30/17 7.75 % On or after 8/1/14 and before 10/31/14 10.25 % On or after 5/1/17 and before 7/31/17 7.5 % On or after 11/1/14 and before 1/31/15 10.0 % On or after 8/1/17 and before 10/31/17 7.25 % On or after 2/1/15 and before 4/30/15 9.75 % On or after 11/1/17 and before 1/31/18 7.0 % On or after 5/1/15 and before 7/31/15 9.5 % On or after 2/1/18 and before 4/30/18 6.75 % On or after 8/1/15 and before 10/31/15 9.25 % On or after 5/1/18 and before 7/31/18 6.5 % On or after 11/1/15 and before 1/31/16 9.0 % On or after 8/1/18 and before 10/31/18 6.25 % On or after 2/1/16 and before 4/30/16 8.75 % On or after 11/1/18 and before 1/31/19 6.0 % On or after 5/1/16 and before 7/31/16 8.5 % On or after 2/1/19 and before 4/30/19 5.75 % Date of Determination Rate Date of Determination Rate On or after 8/1/16 and before 10/31/16 8.25 % On or after 5/1/19 5.50 % On or after 11/1/16 and before 1/31/17 8.0 %
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Term Loan Advance Rate means, subject to any further reductions required pursuant to Section 2.05(b) or Section 2.05(g) hereof, the percentages set forth below for the time periods set forth below: Period Term Loan Advance Rate First Amendment Effective Date through September 30, 2010 10 % October 1, 2010 through January 28, 2011 7.5 % January 29, 2011 and thereafter 0 %
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Term Loan Advance Rate means an amount equal to up to seventy percent (70%) of the appraised value of the Mortgaged Real Property.
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Related to Term Loan Advance Rate

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Maximum Advance Rate means 80.0%.

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of (i) (a) the prime rate as reported in The Wall Street Journal, plus (b) 5.90%, and (ii) 9.15%.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Maximum Revolving Advance Amount means $25,000,000.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Term Loan as defined in Section 2.1.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Revolving Loan Maturity Date means March 31, 2003.

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Advance Rate has the meaning assigned to such term in Section 5.13.

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.