Base Advance Rate means, with respect to a Base Rate Advance, the rate obtained by adding (a) the Base Rate, plus (b) the Applicable Margin for a Base Rate Advance.
Base Advance Rate means, for any date of determination, the lesser of (i) the Base Inventory Advance Percentage for such date of determination, and (ii) the Net Recovery Value Percentage for such date of determination.
Base Advance Rate means any of the percentages set forth on Table 2 of Appendix I for each Type of Aircraft listed on such Table 2, under the headings “Class A Advance Rate before Xxxxxxxx Xxxx”, “Class A Advance Rate after Xxxxxxxx Xxxx”, “Class B Advance Rate before Xxxxxxxx Xxxx”, “Class B Advance Rate after Xxxxxxxx Xxxx”, “Class C Advance Rate before Xxxxxxxx Xxxx”, or “Class C Advance Rate after Xxxxxxxx Xxxx”, as applicable.
Examples of Base Advance Rate in a sentence
The Borrower will not permit the aggregate Outstanding principal amount of the Revolving Credit Loans and Outstanding Letters of Credit to exceed the Borrowing Base Advance Rate.
More Definitions of Base Advance Rate
Base Advance Rate means, (a) with respect to each Aircraft financed with the proceeds of the Initial Advance, as of any date of determination while Xxxxxxxx Xxxx exists, the amount set forth on Schedule VII as the Base Advance Rate for such Aircraft, (b) with respect to each Aircraft financed with the proceeds of an Additional Advance, as of any date of determination while Xxxxxxxx Xxxx exists, any of the percentages (based on such Aircraft’s Adjusted Borrowing Value) set forth on Table 2 of Appendix I for each Type of Aircraft listed on such Table 2, under the headings “Base Advance Rate while Xxxxxxxx Xxxx exists,” (c) and with respect to each Aircraft on any date of determination when Xxxxxxxx Xxxx no longer exists, the percentages set forth on Table 2 of Appendix I for each Type of Aircraft listed on such Table 2, under the heading “Base Advance Rate while Xxxxxxxx Xxxx does not exist.”
Base Advance Rate means the following percentages during the periods of each calendar year during the term of this Agreement indicated in the chart below: -------------------------------------------- ------------------------------------ Period Base Advance Rate -------------------------------------------- ------------------------------------ -------------------------------------------- ------------------------------------ December 16 through March 31 62% -------------------------------------------- ------------------------------------ -------------------------------------------- ------------------------------------ April 1 through June 15 65% -------------------------------------------- ------------------------------------ -------------------------------------------- ------------------------------------ June 16 through July 31 60% -------------------------------------------- ------------------------------------ -------------------------------------------- ------------------------------------ August 1 through September 30 65% -------------------------------------------- ------------------------------------ -------------------------------------------- ------------------------------------ October 1 through December 15 68% -------------------------------------------- ------------------------------------
Base Advance Rate. On the date of determination with respect to each Eligible Loan, the percentage amount set forth below: For each Conventional Multifamily Loan 80 % For each Conventional Commercial Loan 80 % For each Investor Bridge Loan 75 %
Base Advance Rate means, with respect to a Base Rate Advance, the rate obtained by adding (i) the Base Rate, AND (ii) the Applicable Margin.
Base Advance Rate means, on any day, (i) if no Level One Trigger Event or Level Two Trigger Event has occurred, ***; (ii) if a Level One Trigger Event has occurred, ***; and (iii) if a Level Two Trigger Event has occurred, ***. If a Level One Trigger Event shall have occurred, then the Advance Rate will remain *** until no Level One Trigger Event or Level Two Trigger Event shall have occurred for a period of three consecutive months — at which point the Advance Rate shall be ***. If a Level Two Trigger Event shall have occurred, then (a) the Advance Rate will remain *** until no Level Two Trigger Event shall have occurred for a period of three consecutive months — at which point the Advance Rate shall be *** — and (b) the Advance Rate will thereafter be *** until no Level One Trigger Event or Level Two Trigger Event shall have occurred for a period of three consecutive months thereafter — at which point the Advance Rate shall be ***.
Base Advance Rate shall have the meaning set forth in the definition of "Borrowing Base."
Base Advance Rate means, with respect to (i) any TM Truck, 82.75%, (ii) any DC Truck, 85.50% and (iii) any EL Truck, 79.25%.