Applicable Advance Rate definition

Applicable Advance Rate. For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

Applicable Advance Rate means the following:

Applicable Advance Rate means the “Applicable Advance Rate” described in the Fee Letter.

Examples of Applicable Advance Rate in a sentence

• Date Submitted: 11 BBC Frequency: Monthly Xxxx of Credit Amount: $1 s,000 1000 1 Accounts Receivable balance as of: 1/0/190011 Aged by Invoice Date Prime Government Commercial 0-30 days 0-30 days 31-60 days 31-60 days 61-90 days 61-90 days 91-120 days 91-120 days >120 days >120 days Total: Total: Total: Less: Past Due Ineligible as Defined [TI Other Ineligible as Defined 13] Total Ineligibles: IS Total Ineligibles: Total Ineligibles: Applicable Advance Rate Eligible Prime Government Up to 90 days 1 90-,,.

• Borrower acknowledges that the foregoing shall not limit the ability of the Lender to reduce or otherwise adjust any Applicable Advance Rate or the Availability upon the occurrence of a Default or Event of Default or as otherwise provided in this Agreement.

• The “Updated Pre-Opening Cost Adjustment” shall mean an amount equal to 50% of the difference between the amount of the Updated Pre-Opening Cost Estimate and the amount of the Actual Pre-Opening Costs.

• As long as no Default or Event of Default shall have occurred and be continuing, any change in the Applicable Advance Rate shall be effective as of the fifth (5th) Business Day following the submission to the Lender of the Compliance Certificate for the applicable Test Period pursuant to Section 6.1(a).

• Securities Availability Cap, and (iii) as to each item of Additional Collateral on deposit in the Additional Collateral Account, the amount of such Additional Collateral multiplied by the Applicable Advance Rate, to be at least equal to the Letter of Credit Outstandings.

More Definitions of Applicable Advance Rate

Applicable Advance Rate means, for each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale as described in this section and the expected date of such sale, the percentage specified below:

Applicable Advance Rate means, in respect of each Type of Receivable, the percentage shown in the column opposite such Type of Receivable in the following table: Type of Receivable Applicable Advance Rate Flex 80.00 % Mini Money1 80.00 % Mini Money, Mini Money 25002 70.00 % Mini Money, Mini Money 2500 and Mini Money 35003 80.00 %

Applicable Advance Rate means, with respect to any Eligible Loan Asset, the percentage with respect to such Loan Asset determined as follows:

Applicable Advance Rate means with respect to any Included Investor, fifty percent (50%); provided that, the Administrative Agent may in its sole discretion increase the Applicable Advance Rate for any Included Investor pursuant to a writing with the Primary Borrower.

Applicable Advance Rate means, as of any date of determination (a) during the period from the Closing Date through and including the Borrowing Base Certificate Delivery Date with respect to the month ended December 31, 2017, 90%, (b) during the period from the first day following the Borrowing Base Certificate Delivery Date with respect to the month ended December 31, 2017, through and including the Borrowing Base Certificate Delivery Date with respect to the month ended March 31, 2018, 88%, (c) during the period from the first day following the Borrowing Base Certificate Delivery Date with respect to the month ended March 31, 2018, through and including the Borrowing Base Certificate Delivery Date with respect to the month ended June 30, 2018, 87%, (d) during the period from the first day following the Borrowing Base Certificate Delivery Date with respect to the month ended June 30, 2018, through and including the Borrowing Base Certificate Delivery Date with respect to the month ended September 30, 2018, 86%, and (e) at all times after the Borrowing Base Certificate Delivery Date with respect to the month ended September 30, 2018, 85%.

Applicable Advance Rate means the applicable percentage (as it may change from time to time upon the agreement of the Borrower and the Lenders) of either Cost or Implied Value used to calculate the Borrowing Base which for Hotel Properties in the Secured Collateral Pool is 50%, and for Hotel Properties in the Negative Collateral Pool is 40%.

Applicable Advance Rate means seventy percent (70%) in respect of Eligible Mortgage Loans or such higher or lower percentage amount as Agent, in its sole credit judgment, may elect from time to time.