Advance Rates definition
Advance Rates shall have the meaning set forth in Section 2.1(a) hereof.
Advance Rates means, collectively, the Receivables Advance Rate and the Inventory Advance Rate.
Advance Rates means, collectively, the Accounts Advance Rate and the Inventory Advance Rate.
Examples of Advance Rates in a sentence
The Advance Rates may be increased or decreased by Agent at any time and from time to time in the exercise of its Permitted Discretion.
Each Borrower consents to any such increases or decreases and acknowledges that decreasing the Advance Rates or increasing or imposing Reserves may limit or restrict Advances requested by Borrowing Agent.
More Definitions of Advance Rates
Advance Rates. On any date of determination with respect to each Receivable related to any Class of Series 2012-T1 Notes, the percentage amount based on the Advance Type of such Receivable, as set forth below; provided, that in the event the Servicer’s (prior to the MSR Transfer Date) or the related Subservicer’s (on and after the MSR Transfer Date) sub-prime servicer rating is reduced below “Average,” the Advance Rates applicable to the Receivables related to such Class of Notes shall be equal to the Advance Rates prior to such ratings reduction minus 5.00%; and provided, that the Advance Rates applicable to the Receivables related to any Class of Notes shall be reduced by the Advance Rate Reduction Factor for such Class of Notes when the related Weighted Average Foreclosure Timeline exceeds fifteen (15) months; and provided, further, that the Advance Rate for any Receivable related to any Class of Notes shall be zero if such Receivable is not a Facility Eligible Receivable. P&I Advances (other than Servicing Fee Advances) in Non-Judicial States 86.25 % 90.00 % 92.00 % 94.00 % P&I Advances (other than Servicing Fee Advances) in Judicial States 76.50 % 84.25 % 88.00 % 91.50 % Servicing Fee Advances in Non-Judicial States 74.50 % 80.75 % 84.00 % 87.25 % Servicing Fee Advances in Judicial States 38.75 % 55.75 % 64.75 % 73.50 % Escrow Advances in Non-Judicial States 83.50 % 87.75 % 89.75 % 91.75 % Escrow Advances in Judicial States 64.75 % 76.00 % 81.75 % 87.00 % Corp Advances in Non-Judicial States 82.25 % 87.00 % 89.50 % 92.25 % Corp Advances in Judicial States 70.75 % 79.25 % 83.75 % 88.00 %
Advance Rates means the advance rates in respect of Eligible Receivables and Eligible Inventory set forth in Section 2.1(a) hereof.
Advance Rates means, on any date of determination with respect to each Receivable related to the Series 2013-VF1 Notes, the percentage amount based on the Advance Type of such Receivable, as set forth in the table below, subject to amendment by mutual agreement of the Administrative Agent and the Administrator; provided, that
Advance Rates means, on any date of determination with respect to each Receivable related to the Series 2020-VF1 Notes, the percentage amount based on the Advance Type of such Receivable, as set forth in the table below, subject to amendment by mutual agreement of the Administrative Agent and the Administrator; provided, that
Advance Rates means, collectively, the Billed Accounts Advance Rate and the Unbilled Accounts Advance Rate.
Advance Rates means, with respect to the Series 2016-T2 Notes, on any date of determination with respect to each Receivable included in the Trust Estate, the percentage amount based on the Advance Type of such Receivable, as set forth in the table below, subject to amendment by mutual agreement of the Administrative Agent and the Administrator, and with consultation with each Note Rating Agency; provided, that the Advance Rate for any Receivable related to any Class of Notes shall be zero if such Receivable is not a Facility Eligible Receivable:
Advance Rates means the percentage rates set forth in the definition of “Borrowing Base”, as such percentage rates may be modified pursuant to Section 2.1(b).