Advance Rate Percentage definition

Advance Rate Percentage means, as of any LTV Adjusted Advance Rate Reporting Date and continuing until the next succeeding LTV Adjusted Advance Rate Reporting Date, the lesser of (a) 58.00% and (b) the LTV Adjusted Advance Rate determined by the Servicer pursuant to Section 5.05(i) hereof on such Quarterly Measurement Date.

Advance Rate Percentage means, with respect to any type of Advance, the applicable “Advance Rate Percentage” set forth in Schedule 1 hereto, which may be updated from time to time with the consent of the Administrative Agent and the Administrator (a copy of such updated Schedule shall be sent to Xxxxxx Mae by the Servicer).

Advance Rate Percentage means 80 %, unless otherwise changed on the Funding Report as provide in Section 3.

Examples of Advance Rate Percentage in a sentence

• The Receivables upon which AEG advances money at the Advance Rate Percentage shall be deemed factor risk Receivables (the "Factor Risk Receivables").

• Notwithstanding the foregoing, on and after the commencement of the Full Amortization Period, the Advance Rate Percentage applicable to the PIA VFN shall be equal to the weighted average Advance Rate of all Outstanding MSR VFNs and all Outstanding Term Notes.

• At the relevant time of reference thereto, an amount determined by the Dollar Agent by reference to the most recent Borrowing Base Report delivered to the Banks and the Agents pursuant to Section 11.4(f), which is equal to (a) the Inventory Advance Rate Percentage of the result of (i) the net book value (determined on an average cost basis at lower of cost or market) of Eligible Inventory minus (ii) the Inventory Shrink Reserve plus (b) 75% of Eligible Accounts Receivable.

• Subsections 2.1(a); 2.3(b)(ii) and (iii) and Sections 2.12 and 8.22 of the Credit Agreement are each hereby amended by replacing references to "85%" therein with "the Advance Rate Percentage".

• Notwithstanding the foregoing, on and after the commencement of the Full Amortization Period, the Advance Rate Percentage applicable to the SPIA VFNs shall be equal to the weighted average Advance Rate of all Outstanding MSR VFNs and all Outstanding Term Notes.

More Definitions of Advance Rate Percentage

Advance Rate Percentage means [ADVANCE RATE PERCENTAGE]. b. "Account Debtor" shall mean any third party who is indebted to Seller on account of products and/or services provided by Seller. c. "Administrative Fee" shall mean ten percent (10%) of (A) the Net Invoice Value of any Receivable which Seller does not sell to AEG in accordance with the terms of this Agreement, or (B) any amounts paid to or collected by Seller with respect to any Receivable which are not remitted to AEG in accordance with the terms of this Agreement. d. "Book Account" shall mean the account maintained by Purchaser for the Seller pursuant to Section 1(c). e. "Charge-back Payment" shall have the meaning set forth in Section 6(b). f. "Client Risk Receivable" shall have the meaning set forth in Section 1(b). g. "Collateral" shall mean those assets owned by Seller which are subject to Purchaser's security interest granted in Section 5(b). h. "Discount Fee" shall have the meaning set forth in Section 1(b). i. "Dispute" shall mean a dispute, deduction, claim, offset, defense or counterclaim of any kind, whether bona fide or not, including, without limitation, any dispute relating to goods or services already paid for or relating to Receivables other than the Receivable on which payment is being withheld. j. "Factor Risk Receivables" shall have the meaning set forth in Section 1(b). k. "Maximum Permitted Advance" shall be the amount obtained by multiplying the Advance Rate Percentage by the sum of the Net Invoice Values of all Factor Risk Receivables in a Receivable Pool. l. "Net Invoice Value" shall mean, as to any Receivable, the amount shown on the original invoice therefore as being payable in cash by the customer owing the same, net of all commissions, discounts (other than prompt payment discounts), allowances, and credits granted by Seller or claimed by the Account Debtor. m. "Obligations" shall have the meaning set forth in Section 5(b). n. "Overdraft" shall mean any negative balance in Seller's Book Account. o. "Receivable" or "Receivables" shall have the meaning set forth in Section 1(a). p. "Residual" shall have the meaning set forth in Section 1(b)(ii). q. "Seller" shall mean [COMPANY NAME], and its subsidiaries, if any. r. "Service Fee" shall have the meaning set forth in Section 1(b). s. "Supporting Documents" shall mean original invoices, confirmed purchase orders, insertion orders, contracts, approvals, shipping documents, and any other documents which AEG may require or specify with respect to a R...

Advance Rate Percentage means, with respect to any type of Advance, the applicable “Advance Rate Percentage” set forth in Schedule 1 hereto, which may be updated from time to time with the consent of the Administrative Agent and the Administrator and a copy of such updated Schedule to Ginnie Mae.

Advance Rate Percentage means 85%.

Advance Rate Percentage means, for any calendar month, (i) 90%, if the A/R Turnover for the immediately preceding calendar month was 25 days or less and (ii) 80%, if the A/R Turnover for the immediately preceding calendar month was more than 25 days.

Advance Rate Percentage. As of any date of determination, the ratio (expressed as a percentage) of (i) the Outstanding Funded Loans to (ii) the Collateral Principal Amount on such date.

Advance Rate Percentage. The Series 2020-SPIADVF1 Indenture Supplement defines “Advance Rate Percentage” as “with respect to any type of Advance, the applicable “Advance Rate Percentage” set forth in Schedule 1 hereto, which may be updated from time to time with the consent of the Administrative Agent and the Administrator and a copy of such updated Schedule to Xxxxxx Xxx.” As contemplated by such definition, each of the Administrator and the Administrative Agent, by their respective signatures, hereby agrees to delete Schedule 1 of the Series 2020-SPIADVF1 Indenture Supplement in its entirety and replace it with Schedule 1 attached hereto as Exhibit A.

Advance Rate Percentage means, with respect to any type of MBS Advance, the applicable “Advance Rate Percentage” set forth in Schedule 1 hereto, which may be updated from time to time with the consent of the Administrative Agent and the Administrator (a copy of such updated Schedule shall be sent to Xxxxxx Mae by either the Administrative Agent or the Indenture Trustee). The Administrator shall send the updated Schedule to [***] and include in the subject line “For Sending to Xxxxxx.”