Advance Interest Rate definition

Advance Interest Rate shall have the meaning assigned to the term “Advance Rate” or such other analogous term used in the Servicing Agreement.

Advance Interest Rate. The “prime rate” published in the “Money Rates” section of The Wall Street Journal. If The Wall Street Journal ceases to publish the “prime rate”, then the Servicer shall select an equivalent publication that publishes such “prime rate”, and if such “prime rate” is no longer generally published or is limited, regulated or administered by a governmental or quasi-governmental body, then the Servicer is required to reasonably select a comparable interest rate index.

Advance Interest Rate means a rate equal to the Prime Rate plus 3.0% per annum.

Examples of Advance Interest Rate in a sentence

• Interest on a Cash Advance is calculated using the Cash Advance Interest Rate which applies from the time the Cash Advance is debited to your Account until it is repaid in full.

• Any Senior Credit Facility not so designated will not be adjusted following the Financial Submission.The Reinvestment Base Rate Benchmark may be applied to any reinvestment product that is included in the Proponent’s Financial Model and that is associated with any portion of the Senior Credit Facilities.Such reinvestment product must be designated by the Proponent during the Advance Interest Rate Submission process as an Adjustment Credit Facility.

• Until December 31, 2022, the Cash Advance Interest Rate on the Account has been set to 0%.

• None of this will be used until 2016 when the white wine will be bottled.

• It shall be a condition to any Voluntary Decrease that the amount on deposit in the Collection Account is sufficient to pay the Trustee, the Servicer and the Manager, as applicable, for any unreimbursed Advances and Manager Advances (in each case, with interest thereon at the Advance Interest Rate), if any, on the Weekly Allocation Date immediately following such Voluntary Decrease.

More Definitions of Advance Interest Rate

Advance Interest Rate means a rate equal to the sum of (i) Prime Rate plus (ii) 3.00% per annum (on and after the 2021 Springing Amendments Implementation Date, compounded monthly).

Advance Interest Rate. The greater of: (a) the “prime rate” published in the “Money Rates” section of The Wall Street Journal; and (b) 2.0% per annum, compounded annually. If The Wall Street Journal ceases to publish the “prime rate”, then the Servicer shall select an equivalent publication that publishes such “prime rate”, and if such “prime rate” is no longer generally published or is limited, regulated or administered by a governmental or quasi-governmental body, then the Servicer is required to reasonably select a comparable interest rate index.

Advance Interest Rate means a rate equal to the Prime Rate plus 3% per annum.

Advance Interest Rate has the meaning stated in Section 7.16(b). AFFILIATE of any Person means (i) any other Person which, directly or indirectly, is in Control of, is controlled by or is under common control with, such Person; (ii) any other Person who is a director or officer of (x) such Person, (y) any subsidiary of such Person, or (z) any Person described in clause (i) above, or (iii) any corporation, limited liability company or partnership which has a director any Person described in clause (ii) above. For purposes of this definition, one entity (the "controlled entity") is controlled by another (the "controlling entity") if the controlling entity has the power, directly or indirectly, to direct or cause the direction of the management and policies of the controlled entity, whether through the ownership of voting securities, by contract, or otherwise. A controlling entity shall be deemed to have control of a controlled entity in the following circumstances: (i) if the controlled entity is a corporation, the controlling entity owns more than fifty-one percent (51%) of the shares of the controlled entity's capital stock that have voting power to elect directors, including shares that have voting power by reason of the occurrence of one or more conditions or contingencies; (ii) if the controlled entity is a limited partnership, the controlling entity both owns more than fifty-one percent (51%) of the equity interests in the partnership and controls (in accordance with the balance of this definition) the general partner of the partnership; (iii) if the controlling entity is a limited liability company, the controlling entity either owns more than fifty-one percent (51%) of the equity interests in the limited liability company or controls (in accordance with the balance of this definition) a majority of the managers or members of the limited liability company; or (iv) if the controlling entity is a business trust, the controlling entity either owns more than fifty-one percent (51%) of the equity interests in the business trust or controls (in accordance with the balance of this definition) a majority of the trustees of the business trust.

Advance Interest Rate shall refer to the Reference Rate plus 50 annual basis points.

Advance Interest Rate has the meaning stated in Section 7.17(c).

Advance Interest Rate means a rate equal to the Prime Rate plus 2.0% calculated on the basis of a 360-day year of twelve 30-day months.