Value Advance definition

Value Advance means, for each Qualified Property (i) during the Tier 1 Period, seventy percent (70%) of the Appraised Value of such Qualified Property as determined by Administrative Agent from time to time in accordance with this Agreement, (ii) during the Tier 2 Period, sixty-five percent (65%) of the Appraised Value of such Qualified Property as determined by Administrative Agent from time to time in accordance with this Agreement, and (iii) during the Tier 3 Period, sixty percent (60%) of the Appraised Value of such Qualified Property as determined by Administrative Agent from time to time in accordance with this Agreement.
Sample 1Sample 2
Value Advance means, for each Qualified Property, sixty-five percent (65%) of the Appraised Value of such Qualified Property as determined by Administrative Agent from time to time in accordance with this Agreement.
Sample 1

Examples of Value Advance in a sentence

  • Three meetings were held during Stage 1 on: • No. 1: April 24, 2008;• No 2: May 22, 2008; and• No. 3: June 26, 2008.

  • As used herein, “Borrowing Base Value” means, with respect to each Qualified Property comprising Eligible Collateral, the lesser of (i) the Value Advance, or (ii) the Cost Advance; provided, however, in no event shall the Borrowing Base Value allocated to any one (1) Qualified Property comprising Eligible Collateral exceed twenty percent (20%) of the greater of (a) the Borrowing Base, or (b) the Aggregate Commitment.

  • The new single fares from Dunbar are Value Advance tickets including £14.50 to Birmingham, £17.50 to Oxford and Welcome to this issue of The Rages Rag, which we publish regularly.

  • Discounts are available on Value Advance fares for holders of National Railcards.

  • A third booster dose may be necessary to mitigate neutralizing antibody fading after inoculation with two doses of an inactivated SARS-CoV-2 vaccine.

  • Ex. D at 2-4.) Second, AAI challenged the application of the Value Advance to the subject merchandise.

  • The proceeds of each Equipment Value Advance requested by Borrower shall, to the extent Lenders make such Equipment Value Advance, be made available to Borrower on the day so requested by way of credit to Borrower's Operating Account, or such other bank as Borrower may designate following notification to Agent, in immediately available federal or other immediately available funds.

  • The aggregate balance of the Equipment Value Advances outstanding at any time shall not exceed the lesser of (i) the Maximum Equipment Value Advance Amount, (ii) eighty-five percent (85%) of the aggregate amount from time to time outstanding of actual cash advances by Borrower to Clients secured by Client Funded Equipment or (iii) sixty percent (60%) of the liquidation value of such Client Funded Equipment.

  • Subsequent information From the time of filing the application for recognition of the foreign proceeding, the foreign representative shall inform the court promptly of— (a)any substantial change in the status of the recognised foreign proceeding or the status of the foreign representative’s appointment; and (b)any other foreign proceeding, proceeding under British insolvency law or section 426 request regarding the same debtor that becomes known to the foreign representative.

  • COLLATERAL ANALYSIS Type Lien Position Value Advance Rate Collateral Value Debt Value Source 000 X Xxxxx Xx, Xxxxxxxxxxx, XX 00000 1st $178,454.00 80 $142,763.00 $0.00 Sourced from xxxxxx.xxx 8/29/19 2019 Ford F450 Diesel 1st $74,773.00 60 $44,864.00 $0.00 Invoice Proposed Loan Amount $186,476.00 LTV TOTAL $253,227.00 $187,627.00 $186,476.00 0.99 MANAGEMENT ANALYSIS The business is managed and operated by Xxxxxx Xxxxxxx, Xxxxxx Xxxxxxx and Xxxxxxx New.

Related to Value Advance

  • Eligible advance means an advance made before August 19, 1993.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Revolving Advance has the meaning given in Section 2.1.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Term Advance has the meaning specified in Section 2.01(a).

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

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Future Advance means an Advance made after the Initial Closing Date.

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

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

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Equipment Advance is defined in Section 2.1.1.

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Domestic Rate Loan means any Advance that bears interest based upon the Alternate Base Rate.