Aggregate Advance Rate definition

Aggregate Advance Rate means a percentage no greater than [***]%.
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Aggregate Advance Rate means, on any date (a) occurring prior to the October 2020 Amendment Effective Date, 59.5%; and
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Aggregate Advance Rate. (i) Until the end of the Prefunding Period, 80.50%, (ii) following the end of the Prefunding Period, up to and including the Reinvestment Period End Date, the percentage set forth in the following table, based on the number of Obligors and (iii) at any time after the Reinvestment Period End Date, the Aggregate Advance Rate achieved on the Reinvestment Period End Date, taking into account any traded but unsettled positions. Obligor Count Aggregate Advance Rate 20 and lower 78.50%, 21 and higher 80.50%, For purposes of determining the obligor count for the above table, the proceeds received upon the sale or other disposition of a Collateral Obligation or the final repayment of a Collateral Obligation shall be deemed to constitute an Obligor until all or a portion of such proceeds are reinvested in an Additional Collateral Obligation.
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Examples of Aggregate Advance Rate in a sentence

  • If on any date of valuation, the LTV Ratio is greater than the Aggregate Advance Rate (a “Borrowing Base Deficiency”), then Borrower shall immediately prepay the outstanding principal amount of the Revolving Credit Note in an amount equal to the aggregate amount necessary to eliminate such Borrowing Base Deficiency.


More Definitions of Aggregate Advance Rate

Aggregate Advance Rate. (i) Until the end of the Prefunding Period, 74.00%, (ii) following the end of the Prefunding Period, up to and including the Reinvestment Period End Date, the percentage set forth in the following table, based on the number of Obligors and (iii) at any time after the Reinvestment Period End Date, the Aggregate Advance Rate achieved on the Reinvestment Period End Date, taking into account any traded but unsettled positions. Obligor Count Aggregate Advance Rate 19 and lower 72.00%, 20 and higher 74.00%, For purposes of determining the obligor count for the above table, the proceeds received upon the sale or other disposition of a Collateral Obligation or the final repayment of a Collateral Obligation shall be deemed to constitute an Obligor until all or a portion of such proceeds are reinvested in an Additional Collateral Obligation or applied to pay interest or repay principal to the holders of the Notes.
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Aggregate Advance Rate has the meaning set forth in the Pricing Side Letter.
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Aggregate Advance Rate means 70%.
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Aggregate Advance Rate means [***]%.
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Aggregate Advance Rate means, on any date
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Related to Aggregate Advance Rate

  • Maximum Advance Rate means 80.0%.

  • Maximum Revolving Advance Amount means $30,000,000.

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Revolving Advance has the meaning given in Section 2.1.

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

  • 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.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

  • Advance Rate has the meaning assigned to such term in Section 5.13.

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Reference Rate Loan means any Committed Loan that bears interest at a rate determined with reference to the Reference Rate.

  • Trustee Advance Rate With respect to any Advance made by the Trustee pursuant to Section 4.01(b), a per annum rate of interest determined as of the date of such Advance equal to the Prime Rate in effect on such date plus 5.00%.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

  • borrowing rate means the interest rate expressed as a fixed or variable percentage applied on an annual basis to the amount of credit drawn down;

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Receivables Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(i) hereof.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Funding Rate means any individual rate notified by a Lender to the Facility Agent pursuant to sub-paragraph (ii) of paragraph (a) of Clause 10.3 (Cost of funds).

  • Swingline Rate means, for any Interest Period, the rate as offered by the Administrative Agent and accepted by the Borrower. The Borrower is under no obligation to accept this rate and the Administrative Agent is under no obligation to provide it.

  • Eurodollar Reserve Percentage means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurodollar Rate for each outstanding Eurodollar Rate Loan shall be adjusted automatically as of the effective date of any change in the Eurodollar Reserve Percentage.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

  • Swing Line Rate means, (a) in respect of Swing Line Loans made in US Dollars or any Alternate Currency other than Canadian Dollars, for any Interest Period, the sum of (i) the rate per annum determined by the applicable Swing Line Agent as the rate of interest (rounded upward to the next 1/100th of 1%) at which deposits in the relevant currency for delivery on the first day of such Swing Line Loan in Same Day Funds in the approximate amount of the Swing Line Loan being made by such Swing Line Agent (or its affiliate) and with a term equivalent to such Interest Period would be offered by BNP Paribas London to major banks in the London or other offshore interbank market for such currency at their request at approximately 11:00 a.m. (London time) on the first day of such Swing Line Loan and (ii) the Applicable Rate, (b) in the case of Swing Line Loans made in Canadian Dollars, the sum of (i) the Canadian Prime Rate and (ii) the Applicable Rate and (c) in the case of Swing Line Loans made in Australian Dollars, for any Interest Period, the sum of (i) the rate per annum determined by the applicable Swing Line Agent as the rate of interest (rounded upward to the next 1/100th of 1%) at which deposits in Australian Dollars for delivery on the first day of such Swing Line Loan in Same Day Funds in the approximate amount of the Swing Line Loan being made by such Swing Line Agent (or its affiliate) and with a term equivalent to such Interest Period would be offered by BNP Paribas, Sydney Branch to major banks in Sydney at their request at approximately 11:00 a.m. (Sydney time) on the first day of such Swing Line Loan and (ii) the Applicable Rate.