Adjusted Advance Rate definition

Adjusted Advance Rate. On any date of determination, each of the adjusted advance rates set forth below, as applicable, depending on the Diversity Score (rounded to the nearest integer) on such date: Diversity Score Adjusted Advance Rate --------------- --------------------- 25 or higher 75.0% 23 - 24 74.0% 20 - 22 72.0% 16 - 19 70.0% 14 - 15 68.0% 12 - 13 65.0% 10 - 11 63.0% 1 - 9 60.0% Adjusted Eurodollar Rate: For any Accrual Period, an interest rate per annum equal to a fraction, expressed as a percentage and rounded upwards (if necessary) to the nearest 1/100 of 1%, (i) the numerator of which is equal to the LIBOR Rate for such Accrual Period and (ii) the denominator of which is equal to 100% minus the Eurodollar Reserve Percentage for such Accrual Period.
Sample 1
Adjusted Advance Rate. A percentage equal to the lesser of (i) 70% and (b) 0.85 multiplied by the Net Appraised Value Percentage then in effect; PROVIDED THAT the Adjusted Advance Rate determined in accordance with the foregoing formula shall not be less than 65%."
Sample 1
Adjusted Advance Rate. On any date of determination, the applicable percentage set forth below depending on the Diversity Score (rounded to the nearest integer) and the Xxxxx’x Weighted Average Recovery Rate: DIVERSITY SCORE WEIGHTED AVERAGE RECOVERY RATE 43.7500% or higher 42.0833%- 43.7499% 40.4167%- 42.0832% 38.7500%- 40.4166% 38.7499% or below 1-9 70.0 % 68.0 % 56.0 % 54.0 % 52.0 % 10-11 70.0 % 68.0 % 64.0 % 60.0 % 56.0 % 12-14 70.0 % 68.0 % 66.0 % 62.0 % 58.0 % 15 or higher 70.0 % 68.0 % 66.0 % 64.0 % 62.0 %
Sample 1

Examples of Adjusted Advance Rate in a sentence

  • On any date of determination, the greater of (a) one (1) minus the percentage equivalent of a fraction the numerator of which is equal to the Maximum Availability on such date and the denominator of which is equal to the Aggregate Outstanding Loan Balance on such date, (b) 30% or (c) 100% minus the applicable Adjusted Advance Rate on such date.

  • The Advances Outstanding do not exceed the lesser of the amount by which (i) the product of (A) the Borrowing Base and (B) the Adjusted Advance Rate and (ii) the Facility Amount exceeds (b) an amount necessary to cure any Overcollateralization Shortfall and any Required Equity Shortfall.

  • The Loan Reduction (other than with respect to reductions of Outstanding Funded Loans made by the Borrower (A) to cure a failure of the Overcollateralization Ratio Test, the Market Value Ratio Test, the General Advance Rate Test or the Adjusted Advance Rate Test, (B) to maintain the Required Equity Investment or (C) if the Outstanding Funded Loans are less than such minimum amount as of such date) must be in a minimum amount of $1,000,000.

  • On any date of determination, the greater of (a) one (1) minus the percentage equivalent of a fraction the numerator of which is equal to the Maximum Availability on such date and the denominator of which is equal to the Aggregate Outstanding Loan Balance on such date or (b) 100% minus the applicable Adjusted Advance Rate on such date.


More Definitions of Adjusted Advance Rate

Adjusted Advance Rate. As of any date of determination, the quotient obtained by dividing:
Sample 1
Adjusted Advance Rate. On any date of determination, each of the adjusted advance rates set forth below, as applicable, depending on the Diversity Score (rounded to the nearest integer) on such date: Diversity Score Adjusted Advance Rate 37 or higher 75.0% 31 – 36 73.0% 28 – 30 72.0% 25 – 27 71.0% 23 - 24 70.0% 20 - 22 64.0% 16 - 19 56.0% 14 - 15 52.5% 10 - 13 38.0% 1 – 9 0% Adjusted Eurodollar Rate: For any Accrual Period, an interest rate per annum equal to a fraction, expressed as a percentage and rounded upwards (if necessary) to the nearest 1/100 of 1%, (i) the numerator of which is equal to the LIBOR Rate for such Accrual Period and (ii) the denominator of which is equal to 100% minus the Eurodollar Reserve Percentage for such Accrual Period. Administrative Agent: Hxxxxx Xxxxxxx, in its capacity as administrative agent for the Purchaser Agents, together with its successors and assigns, including any successor appointed pursuant to ARTICLE XII.
Sample 1
Adjusted Advance Rate. On any date of determination, the applicable percentage set forth below depending on the Diversity Score (rounded to the nearest integer) and the Xxxxx’x Weighted Average Recovery Rate: WEIGHTED AVERAGE RECOVERY RATE 42.0833% or higher 40.4167%- 42.0832% 38.7500%- 40.4166% 38.7499% or below DIVERSITY SCORE 1-9 64.0 % 56.0 % 54.0 % 52.0 % 10-11 64.0 % 64.0 % 60.0 % 56.0 % 12-14 64.0 % 64.0 % 62.0 % 58.0 % 15 or higher 64.0 % 64.0 % 64.0 % 62.0 % ; provided, that from and after the earlier of (i) any date on which the Servicer pledges 66-2/3% or more of its unencumbered assets (as determined by the Administrative Agent at the time of pledge and relative to the percentage of unencumbered assets of the Servicer on the Effective Date) to any Person, and (ii) any date on which both (a) the effective advance rate for the Advances Outstanding is less than 60.0% (calculated after giving effect to the Required Equity Contribution) and (b) the Servicer has delivered the Covenant Step-Down Notice to the Administrative Agent, the Adjusted Advance Rate shall not exceed 60.0%.
Sample 1

Related to Adjusted Advance Rate

  • 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.

  • Maximum Advance Rate means 80.0%.

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

  • Adjusted CD Rate has the meaning set forth in Section 2.07(b).

  • Adjusted Eurodollar Rate means for any Interest Period with respect to any Eurodollar Loan, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1.00%) equal to (a) the Eurodollar Rate for such Interest Period multiplied by (b) the Statutory Reserves.

  • Strike Rate means a fixed rate of interest under the Cap Agreement that does not exceed the Original Strike Rate. Rate Cap Agreement and Rate Cap Agreement Reserve Fund RIDER TO MULTIFAMILY LOAN AND SECURITY AGREEMENT TRADE NAMES (Revised 3-1-2014) The following changes are made to the Loan Agreement which precedes this Rider:

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • Reference Rate means the rate specified as such hereon.

  • 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.

  • Adjusted Net Mortgage Rate As to each Mortgage Loan and at any time, the per annum rate equal to the Mortgage Rate less the Expense Fee Rate.

  • Net Note Rate means, with respect to each Note, the applicable Note Rate minus the Servicing Fee Rate.

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

  • Maximum Revolving Advance Amount means $25,000,000.

  • Adjusted One Month LIBOR Rate means, an interest rate per annum equal to the sum of (i) 1.00% per annum plus (ii) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day); provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the Screen Rate at approximately 11:00 a.m. London time on such day.

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Applicable Interest Rate means (i) with respect to any Fixed Rate Indebtedness, the fixed interest rate applicable to such Fixed Rate Indebtedness at the time in question, and (ii) with respect to any Floating Rate Indebtedness, either (x) the rate at which the interest rate applicable to such Floating Rate Indebtedness is actually capped (or fixed pursuant to an interest rate hedging device), at the time of calculation, if Borrower has entered into an interest rate cap agreement or other interest rate hedging device with respect thereto or (y) if Borrower has not entered into an interest rate cap agreement or other interest rate hedging device with respect to such Floating Rate Indebtedness, the greater of (A) the rate at which the interest rate applicable to such Floating Rate Indebtedness could be fixed for the remaining term of such Floating Rate Indebtedness, at the time of calculation, by Borrower’s entering into any unsecured interest rate hedging device either not requiring an upfront payment or if requiring an upfront payment, such upfront payment shall be amortized over the term of such device and included in the calculation of the interest rate (or, if such rate is incapable of being fixed by entering into an unsecured interest rate hedging device at the time of calculation, a fixed rate equivalent reasonably determined by Administrative Agent) or (B) the floating rate applicable to such Floating Rate Indebtedness at the time in question.

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.

  • 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).

  • Daily Adjusting LIBOR Rate means, for any day, a per annum interest rate which is equal to the quotient of the following:

  • Adjusted Net Maximum Mortgage Rate With respect to any Mortgage Loan (or the related REO Property), as of any date of determination, a per annum rate of interest equal to the applicable Maximum Mortgage Rate for such Mortgage Loan (or the Mortgage Rate in the case of any Fixed-Rate Mortgage Loan) as of the first day of the month preceding the month in which the related Distribution Date occurs minus the sum of (i) the Trustee Fee Rate and (ii) the Servicing Fee Rate.

  • Adjusted Base Rate means the Base Rate plus the Applicable Percentage.

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • SOFR Rate means the rate that will be obtained by the Paying Agent for each Interest Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, means, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

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

  • Repo Rate on any day means the highest interest rate available to a Lender from investment in overnight repurchase agreements.

  • Prepayment Rate means the bond equivalent yield (in the secondary market) on the United States Treasury Security that as of the Prepayment Rate Determination Date has a remaining term to maturity closest to, but not exceeding, the remaining term to the Maturity Date, as most recently published in the "Treasury Bonds, Notes and Bills" section in The Wall Street Journal as of the date of the related tender of the payment. If more than one issue of United States Treasury Securities has the remaining term to the Maturity Date referred to above, the "Prepayment Rate" shall be the yield on the United States Treasury Security most recently issued as of such date. If the publication of the Prepayment Rate in The Wall Street Journal is discontinued, Lender shall determine the Prepayment Rate on the basis of "Statistical Release H.15(519), Selected Interest Rates," or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical guide as Lender may reasonably select. "PREPAYMENT RATE DETERMINATION DATE" shall mean the date which is five (5) Business Days prior to the prepayment date.