Advance Rate Reduction Percentage definition

Advance Rate Reduction Percentage means, at any time, (a) prior to the occurrence of a Level Three Trigger Event, 0%; (b) from and after the occurrence of a Level Three Trigger Event but prior to the occurrence of a Level One Trigger Event, 4.00% or (c) from and after the occurrence of a Level One Trigger Event, 9.00%.
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Advance Rate Reduction Percentage means, as of any Calculation Date,
Sample 1
Advance Rate Reduction Percentage means, on any date of determination (a)(i) if a Level I Overcollateralization Increase Event has occurred and is continuing on such date, [***] %; (ii) if a Level II Overcollateralization Increase Event has occurred and is continuing on such date, [***] %; or (iii) if a Level III Overcollateralization Increase Event has occurred and is continuing on such date, [***] %, plus (b) if a SOFR Step-Up Event has occurred and is continuing on such date, [***] %.
Sample 1

Related to Advance Rate Reduction Percentage

  • 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.

  • Concentration Percentage means (i) for any Group AA Obligor, 30.00%, (ii) for any Group A Obligor, 17.50%, (iii) for any Group B Obligor, 15.00%, (iv) for any Group C Obligor, 12.50% and (v) for any Group D Obligor, 7.50%.