Advance Rate Amount definition

Advance Rate Amount means (i) with respect to any Eligible Conforming Mortgage Loan, an amount equal to ninety-nine percent (99%) of the amount to be paid by the Approved Investor for the Mortgage Loan pursuant to a binding Investor Commitment (i.e., “commitment”), not to exceed the current unpaid principal balance of such Mortgage Loan (i.e., “par”), (ii) with respect to any Eligible Non-Conforming Mortgage Loan, an amount equal to ninety-eight percent (98%) of the lesser of (a) par or (b) commitment, (iii) with respect to any Eligible Repurchased Mortgage Loan, an amount equal to ninety percent (90%) of the least of (a) the repurchase price of such Mortgage Loan, (b) the market value of the Property securing such Mortgage Loan as established by the most recent appraisal or broker’s price opinion (subject to the provisos in subsection (g) of the definition of Eligible Repurchased Mortgage Loan) of the Property securing such Mortgage Loan, or (c) the face amount of the promissory note evidencing such Mortgage Loan, (iv) with respect to any Eligible Gestation Mortgage Loan, an amount equal to ninety-nine (99%) of commitment, not to exceed par, and (v) with respect to any Eligible Wet Mortgage Loan, an amount equal to the Advance Rate Amount applicable to the Type of Mortgage Loan supporting the Advance.
Sample 1Sample 2
Advance Rate Amount means (i) with respect to any Eligible ------------------- Conforming Mortgage Loan an amount equal to ninety-nine percent (99%) of the current unpaid principal balance of such Mortgage Loan, (ii) with respect to any Eligible Gestation Mortgage Loan, an amount equal to ninety-nine percent (99%) of the lesser of (a) the amount to be paid by the Approved Investor for the Mortgage Loan pursuant to a binding Investor Commitment, and (b) the current unpaid principal balance of such Mortgage Loan, (iii) with respect to any Eligible Repurchased Mortgage Loan, an amount equal to seventy-five percent (75%) of the lesser of (a) the repurchase price of the Mortgage Loan or (b) the current (within forty-five (45) days) appraised value of such Mortgage Loan, and (iii) with respect to any Eligible Wet Mortgage Loan an amount equal to the Advance Rate Amount applicable to the Type of Mortgage Loan supporting the Advance.
Sample 1
Advance Rate Amount. With respect to each payment or prepayment of principal on a Purchased Asset (including, without limitation, insurance or condemnation proceeds or recoveries from foreclosure), the product of the Advance Rate applicable to such Purchased Asset and the amount of such principal payment or prepayment.
Sample 1

Examples of Advance Rate Amount in a sentence

  • CCI Borrowing Base: the sum of the Contract Advance Rate Amount, minus any CCI Availability Reserve, minus any portion of the Availability Block applicable to CCI as determined by Agent in its discretion (without duplication).

  • Vendors, who meet the City of Indianapolis or State of Indiana criteria of XBE firms or similar requirements for out- of-state firms, may indicate the appropriate certification, with a copy of such certification included in their proposal.

  • Notwithstanding any other provisions of this Agreement, the principal amount of any Advance shall not exceed the Advance Rate Amount for an Advance of the applicable Type.


More Definitions of Advance Rate Amount

Advance Rate Amount means (i) with respect to any Eligible Conforming Mortgage Loan, an amount equal to ninety-nine percent (99%) of the amount to be paid by the Approved Investor for the Mortgage Loan pursuant to a binding Investor Commitment (i.e., “commitment”), not to exceed the current unpaid principal balance of such Mortgage Loan (i.e., “par”), (ii) with respect to any Eligible Gestation Mortgage Loan, an amount equal to ninety-nine percent (99%) of commitment, not to exceed par, (iii) with respect to any Eligible Repurchased Mortgage Loan, an amount equal to ninety percent (90%) of the lesser of (a) the repurchase price of the Mortgage Loan or (b) the current (within forty-five (45) days) appraised value of such Mortgage Loan, (iv) with respect to any Eligible Non-Conforming Mortgage Loan, an amount equal to ninety-eight percent (98%) of the lesser of par or commitment, and (v) with respect to any Eligible Wet Mortgage Loan, an amount equal to the Advance Rate Amount applicable to the Type of Mortgage Loan supporting the Advance.
Sample 1
Advance Rate Amount means (i) with respect to any Eligible Conforming Mortgage Loan, an amount equal to ninety-nine percent (99%) of the current unpaid principal balance of such Mortgage Loan, (ii) with respect to any Eligible Gestation Mortgage Loan, an amount equal to ninety-nine percent (99%) of commitment, not to exceed par, (iii) with respect to any Eligible Repurchased Mortgage Loan, an amount equal to ninety percent (90%) of the lesser of (a) the repurchase price of the Mortgage Loan or (b) the current (within forty-five (45) days) appraised value of such Mortgage Loan, and (iv) with respect to any Eligible Wet Mortgage Loan, an amount equal to the Advance Rate Amount applicable to the Type of Mortgage Loan supporting the Advance.
Sample 1
Advance Rate Amount means (i) with respect to any Eligible Mortgage Loan included in any Borrowing Base (other than the Tranche C Borrowing Base), an amount equal to ninety- eight percent (98%) of the lesser of (a) the amount to be paid by the Approved Investor for the Mortgage Loan pursuant to a binding Investor Commitment, and (b) the current unpaid principal balance of such Mortgage Loan, as determined by reference to the most recent applicable Borrowing Base Certificate prepared by Agent pursuant to Section 4.6, absent any error in such Borrowing Base Certificate as of the date delivered, and (ii) with respect to any Eligible Mortgage Loan included in the Tranche C Borrowing Base, an amount equal to ninety-seven percent (97%) of the lesser of (a) the amount to be paid by the Approved Investor for the Mortgage Loan pursuant to a binding Investor Commitment, and (b) the current unpaid principal balance of such Mortgage Loan, as determined by reference to the most recent applicable Borrowing Base Certificate prepared by Agent pursuant to Section 4.6, absent any error in such Borrowing Base Certificate as of the date delivered; provided that if Agent shall at any time reasonably believe that the Applicable Take-Out Price for any Eligible Mortgage Loan or any group thereof does not accurately reflect the market value of the underlying Investor Commitments because of a decline in the creditworthiness or funding ability of any Approved Investor, then Agent may notify Borrowers that, from the date of such notice until the date such notice is withdrawn by Agent in its sole discretion, the collateral value of such Eligible Mortgage Loan shall be equal to (x) with respect to any Eligible Mortgage Loan included in any Borrowing Base (other than the Tranche C Borrowing Base), ninety-eight percent (98%) of the lesser of (a) the Fair Market Value of such Eligible Mortgage Loan, and (b) the current unpaid principal balance thereof, and (y) with respect to any Eligible Mortgage Loan included in the Tranche C Borrowing Base, ninety-seven percent (97%) of the lesser of (a) the Fair Market Value of such Eligible Mortgage Loan, and (b) the current unpaid principal balance thereof.
Sample 1
Advance Rate Amount. 75% of Net Eligible Contract Payments; provided, that the Contract Advance Rate Amount shall be subject to reduction as of the first day of each month, based on the then existing Collateral Adjustment Percentage and Cash Recovery Percent (whichever results in the lower Contract Advance Rate Amount), as follows:
Sample 1

Related to Advance Rate Amount

  • Maximum Advance Rate means 80.0%.

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

  • Maximum Revolving Advance Amount means $30,000,000.

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

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Advance Rates shall have the meaning set forth in Section 2.1(a) hereof.

  • Maximum Swingline Amount means $5,000,000.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Revolving Interest 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.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Maximum Revolving Amount At any date as of which same is to be determined, the amount by which (x) $3,500,000 exceeds (y) the sum of (i) all then undrawn amounts of letters of credit issued by the Bank for the account of the Borrower plus (ii) all amounts then drawn on any such letter of credit which at said date shall not have been reimbursed to the Bank by the Borrower.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • 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.

  • Adjusted Outstanding Dollar Principal Amount means at any time during a Monthly Period with respect to any Series, Class or Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account, as applicable, for the benefit of such Series, Class or Tranche of Notes at such time.

  • Interest Rate Adjustment Date With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

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

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Maximum Face Amount means, with respect to any outstanding Letter of Credit, the face amount of such Letter of Credit including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Credit Card Advance Rate means 90%.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: Rating Base Rate Spread LIBO Rate Spread A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.805 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.915 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.025 % 1.025 % BBB by Standard & Poor’s Baa2 by Moody’s 0.125 % 1.125 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.300 % 1.300 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.300% as to any Base Rate Advance and 1.300% as to any LIBO Rate Advance.

  • 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.

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