Above Par Collateral means any Item of Collateral the Market Price of which exceeds 100.00% (measured as of the third Business Day prior to the Applicable Loan Closing Date (it being understood that if such Item of Collateral is New Acquisition Collateral other than any Item of New Acquisition Collateral that is issued and outstanding on any day prior to the date on which the applicable Loan is to be made, the Market Price shall be the price set forth on the applicable Sales Confirmation)).
Above Par Collateral means any Item of Collateral the Market Price of which exceeds 100.00%. ABS Event of Default means an event or circumstance that constitutes an event of default as defined in the Governing Documents for such Item of Collateral, to the extent that such event of default has not been waived in accordance with such Governing Documents. Administrative Fee means, with respect to each requested Loan, the administrative fee required to be paid with respect to such Loan, calculated on the basis of the information set forth in the Loan Request or any revised Loan Request delivered pursuant to Section 3.3, in an amount equal to the proposed principal amount of such Loan multiplied by the Administrative Fee Rate with respect to such Loan. Administrative Fee Rate means, with respect to any proposed Loan to be secured by Eligible Collateral, the “administrative fee rate” specified in the TALF Standing Loan Facility Procedures.