Advance Rate Matrix means the following matrix: Loan Type Maximum Advance Rate First Lien Loans 65% Unitranche Loans 60% FLLO Loans 50% Second Lien Loans 35% Broadly Syndicated Loans that are First Lien Loans 70% Broadly Syndicated Loans that are Second Lien Loans 40%
Advance Rate Matrix means the Advance Rate Matrix attached as Schedule V to this Agreement, as may be amended from time to time with the consent of all Group Agents.
Advance Rate Matrix means the following matrix: Loan Type Maximum Advance Rate Broadly Syndicated Loans 77.5% First Lien Loans 75% Recurring Revenue Loans 70% Unitranche Loans for which the Senior Leverage Ratio as of the Cut-Off Date is less than 5.00 : 1.00 70% Unitranche Loans for which the Senior Leverage Ratio as of the Cut-Off Date is greater than or equal to 5.00 : 1.00 and less than 5.50 : 1.00 67.5% Unitranche Loans for which the Senior Leverage Ratio as of the Cut-Off Date is greater than or equal to 5.50 : 1.00 65% Second Lien Loans 50% FLLO Loans (first pay debt * applicable advance rate determined in accordance with this definition of “Advance Rate Matrix” as though such first pay debt were a Loan Asset) – first out debt / last out debt
More Definitions of Advance Rate Matrix
Advance Rate Matrix means the following matrix:
Advance Rate Matrix means the Advance Rate Matrix attached as Schedule III to this Agreement, as may be amended from time to time with the consent of all Purchasers.
Advance Rate Matrix means the Advance Rate Matrix attached to this Loan Agreement as Exhibit A.
Advance Rate Matrix means the following matrices that apply to (i) Private Credit Loan Assets and Liquid Credit Loan Assets (in each case that are not Specified Loan Assets and based on the applicable loan type) and (ii) Specified Loan Assets (based on the applicable criteria) as set forth below: Private Credit Loan Assets that are not Specified Loan Assets Loan Type Maximum Advance Rate First Lien Loans 70.0% Unitranche Loans: If Total Leverage 65.0% Ratio 4.75:1.00 ≤ x <
Advance Rate Matrix means the Advance Rate Matrix attached as Schedule III to this Agreement, as may be amended from time to time with the consent of all Purchasers. “Adverse Claim” means any claim of ownership or any Lien other than any Permitted Adverse Claims. “Affected Party” means the Collateral Agent, the Administrative Agent, each Purchaser, each Purchaser Agent, each Liquidity Provider, each Enhancement Provider and each Program Administrator. “Affiliate” when used with respect to a Person means any other Person Controlling, Controlled by, or under common Control with, such Person. “Affiliated” has the meaning correlative to “Affiliate”. “Agreement” is defined in the preamble. “Allocated Share” is defined in Section 1.2(a). “Anti-Corruption Laws” is defined in Section 6.1(y)(iii). “Applicable Cooling Off Period” means, in respect of a Receivable, the period of time after origination thereof during which the related Obligor shall have the right to cancel or terminate such Contract without fee, premium or penalty whether by Law or under the terms of the related Contract or otherwise. “Approval Date” is defined in Section 3.5. “Arranger” means Mizuho, in its capacity as Arranger for the transactions contemplated by this Agreement and the other Transaction Documents. “Average Life” means, as of any date of determination, with respect to any Receivable in the Receivable Pool which is an Eligible Receivable, the quotient obtained by dividing (i) the sum of the products of (a) the number of months (rounded to the nearest one hundredth thereof) from such date of determination to the respective dates of each successive unpaid monthly installment owed in respect of such Receivable for the Remaining Term by the applicable Obligor under the Contract giving rise to such Receivable, and (b) the respective monthly installment amounts on such monthly installment dates, by (ii) the Financed Unpaid Balance in respect of such Receivable. A-3 SK 28677 0004 8494650 v1726
Advance Rate Matrix means the Advance Rate Matrix attached as Schedule V to this Agreement, as may be amended from time to time with the consent of all Group Agents. “Adverse Claim” means any claim of ownership or any Lien other than any Permitted Adverse Claims. “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. “Affected Person” means each Credit Party, each Program Support Provider, the parent or holding company that Controls any Credit Party or Program Support Provider, and any of their respective Affiliates that are party to, or entitled to any payment under, the Transaction Documents. “Affiliate” means, with respect to a specified Person, another Person that directly or indirectly Controls, is Controlled by or is under common Control with the Person specified. “Agent” means the Administrative Agent or the Collateral Agent.
Advance Rate Matrix means the following matrix: Loan Type Maximum Advance Rate Broadly Syndicated Loans with a Xxxxx’x Rating of “B3” or higher or an S&P Rating of “B-” or higher as of the related Cut-Off Date 75.0 % First Lien Loans (other than Broadly Syndicated Loans) 70.0 % Recurring Revenue Loans 65.0 % Unitranche Loans 60.0 % FLLO Loans 55.0 % Broadly Syndicated Loans with a Xxxxx’x Rating of “Caa1” or below or an S&P Rating of “CCC+” or below as of the related Cut-Off Date 45.0 % Second Lien Loans 35.0 %