Applicable Advance Percentage means, at any time, with respect to any Lenders in a Related Group, the ratio of the Commitments of the Committed Lenders in such Related Group at such time to the Facility Limit.
Applicable Advance Percentage means the advance rates on Eligible Inventory and Eligible Receivables applicable to each Eligible Loan Party, as set forth on Schedule 2.03.
Applicable Advance Percentage means, at any time, as applicable, the ratio of
Examples of Applicable Advance Percentage in a sentence
The failure of the Lenders in any Related Group to fund such Related Group’s Applicable Advance Percentage of any such Advance shall not excuse the Lenders in any other Related Group from funding such other Related Group’s Applicable Advance Percentage of such Advance; provided, that no Lender in any Related Group shall be responsible for the failure of any Lender in any other Related Group to fund any Advance.
Each reduction of the Commitments shall be applied to the Committed Lenders in accordance with their respective Applicable Advance Percentage.
On each Advance Date, each Related Group shall, not later than 2:00 p.m., New York City time, on such Advance Date, remit its Applicable Advance Percentage of the requested Advance by wire transfer of immediately available funds to the account designated by the Administrative Agent, which shall be funded by the Lenders in each Related Group in the manner set forth in, and shall be subject to the terms of, Section 2.01(a).
More Definitions of Applicable Advance Percentage
Applicable Advance Percentage means one hundred percent (100%).
Applicable Advance Percentage means the following: Date Percentage Rate ---- --------------- January 29, 1999 through and including March 1, 1999 50% March 2, 1999 through and including March 31 , 1999 45% April 1, 1999 through and including April 30, 1999 35% May 1, 1999 through and including May 31, 1999 20% June 1, 1999 through and including the Termination Date 0%"
Applicable Advance Percentage means, as of any period, the percentage set forth below for such period as adjusted by the Lenders after receipt of the results of a field audit of the Borrowers and from time to time thereafter as reasonably required by all of the Lenders: Applicable Period Applicable Advance ----------------- Percentage ------------------ Agreement Date through February 29, 2000 80% March 1, 2000 through August 31, 2000 60% September 1, 2000 through November 30, 2000 90% December 1, 2000 through December 31, 2000 80% January 1, 2001 through February 28, 2001 70%
Applicable Advance Percentage has the meaning set forth in Section 2.1(5) hereof.
Applicable Advance Percentage means (A) fifty percent (50%), if after giving effect to the requested Advance the Cash On Cash Return is less than 10%, (B) sixty-five percent (65%), if after giving effect to the requested Advance the Cash On Cash Return is at least 10% and less than 11.5%, and (C) eighty percent (80%), if after giving effect to the requested Advance the Cash On Cash Return is at least 11.5%. For purposes of paragraph (f) below, “Cumulative Additional Borrower Costs” shall mean an amount equal to (x) eighty percent (80%) of all Capital Expenditures, Leasing Costs and Tenant Improvement costs reasonably approved by Lender and incurred by Borrower after the Year 2004 Amendment Date (provided that no approval shall be required pursuant to this clause (x) for any Capital Expenditures, Leasing Costs or Tenant Improvements which have already been partially funded by Lender), excluding any of the Capital Expenditures, Leasing Costs and Tenant Improvement Costs for which Borrower receives credit toward its $4,000,000 funding obligation under Section 2.1(5)(a), minus (y) the aggregate amount of Working Capital Advances made to pay such costs, excluding the Working Capital Advance made pursuant to paragraph (f) below. “In no event shall any Working Capital Advance be used to pay or reimburse Borrower for any commissions, fees, expenses or costs charged by or to be paid for services rendered by Borrower or any Affiliate of Borrower unless, as to such Affiliates only, the contractual arrangements with such Affiliates fully comply with Section 9.6(1)(b).
Applicable Advance Percentage means, at any time, as applicable, the ratio of (i) the Class A Commitments of each Class A Lender in the Class A Lender Group at such time to the Class A Maximum Financing Amount or (ii) Class B Commitments of each Class B Lender in the Class B Lender Group at such time to the Class B Maximum Financing Amount. “Assignment and Assumption Agreement” means either (a) an assignment and assumption agreement substantially in the form of Exhibit B, or (b) any assignment documentation that has been approved by the Administrative Agent, which approval shall not be unreasonably withheld. “AUP Letter” means an agreed-upon procedures letter provided by a nationally recognized accounting firm or other independent provider reasonably selected by the Administrative Agent (and, if no Event of Default has occurred and is continuing, approved by the Borrower), setting forth the results of a compliance engagement conducted within the scope reasonably specified by the Administrative Agent with respect to the Servicer, Borrower, and the Collateral. “Authorized Officer” means, with respect to the Borrower or other GreenSky Group Member, the president, the chief executive officer, the chief financial officer, the secretary or the treasurer of the Borrower or other GreenSky Group Member, as applicable, or any other officer having substantially the same authority and responsibility; or, with respect to compliance with financial covenants or delivery of financial information, the president, the chief executive officer, the chief financial officer, the treasurer or the controller of GreenSky, or any other officer having substantially the same authority and responsibility, and in all cases such person shall be listed on an incumbency certificate delivered to the Administrative Agent, in form and substance reasonably acceptable to the Administrative Agent. “Available Funds” means, with respect to any Settlement Date, all Collections and any other amounts deposited in the Collection Account during the Collection Period for the month preceding such Settlement Date and available on such Settlement Date minus all such Collections that the Borrower has elected to retain in the Collection Account to be included in the calculation of the Class A Borrowing Base or Class B Borrowing Base. “Available Tenor” means, as of any date of determination and with respect to the then-current Benchmark, as applicable, any tenor for such Benchmark or payment period for interest calculated with reference t...
Applicable Advance Percentage means, with respect to any Bank at any time, the percentage (carried out to the ninth decimal place) of the aggregate Outstanding Amount of all Advances represented by the aggregate Outstanding Amount of such Bank’s Advances at such time.