Aggregate Advance Rate definition
Aggregate Advance Rate means a percentage no greater than [***]%.
Aggregate Advance Rate means, on any date (a) occurring prior to the October 2020 Amendment Effective Date, 59.5%; and
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. 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.
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 means 70%.
Aggregate Advance Rate. With respect to any date of determination, 83.0%.
Aggregate Advance Rate has the meaning set forth in the Pricing Side Letter.
Aggregate Advance Rate means [***]%.
Aggregate Advance Rate means, on any date:
Aggregate Advance Rate. (a) From the Refinancing Date, up to and including the Reinvestment Period End Date, the percentage set forth in the following table, based on the number of Obligors and (b) with respect to any date of determination following the last day of the Reinvestment Period, the Aggregate Advance Rate determined pursuant to clause (a) above on the last day of the Reinvestment Period, taking into account for this purpose any Collateral Obligations that the Issuer has entered into a binding commitment to originate or purchase but that had not settled by the last day of the Reinvestment Period: 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.
Aggregate Advance Rate means, on any date