Applicable Advance Rate Percentage means, for each Mortgage Loan classification listed below, the percentage listed opposite such Mortgage Loan classification: Prime Loan (Dry Loan) 98% Prime Loan (Wet Loan) 98% Second Lien/HELOC Loan (Dry Loan) 90% Second Lien/HELOC Loan (Wet Loan) 90% Jumbo Loan (Dry Loan) 95% Jumbo Loan (Wet Loan) 95%
Applicable Advance Rate Percentage means ninety-eight percent (98%), provided, however, if an Approved Letter of Credit exists, the Applicable Advance Rate Percentage means ninety-nine percent (99%).
Applicable Advance Rate Percentage. At any time, the “Applicable Advance Rate Percentage” specified in the Collateral Quality Matrix for the then applicable Grid Column.
More Definitions of Applicable Advance Rate Percentage
Applicable Advance Rate Percentage has the meaning specified on Schedule I.
Applicable Advance Rate Percentage. With respect to any date of determination during the Revolving Period, the Applicable Advance Rate Percentage shall be the percentage listed on Schedule X attached hereto opposite the ADCB as of the applicable date of determination. During the Amortization Period, the Applicable Advance Rate Percentage shall be the Applicable Advance Rate Percentage in effect immediately prior to the Revolving Period Termination Date.
Applicable Advance Rate Percentage set forth in Section 1.01 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:
Applicable Advance Rate Percentage means, for any period set forth below, the percentage set forth below opposite such period: Period Percentage ------ ----------
Applicable Advance Rate Percentage means (a) as of the Tenth Amendment Effective Date, 78%, (b) if, as of any applicable Dilution Determination Date occurring after the Tenth Amendment Effective Date, the Dilution Percentage is less than 5.0%, 85% and (c) if, as of any applicable Dilution Determination Date occurring after the Tenth Amendment Effective Date, the Dilution Percentage is greater than 5.0%, 80%.
Applicable Advance Rate Percentage means, for any calendar month, the percentage set forth below opposite such month: Calendar Month Percentage -------------- ---------- January, February, March, sixty percent (60%) April, May, June, July, August and December September, October and November sixty-five percent (65%)
Applicable Advance Rate Percentage. With respect to any date of determination during the Revolving Period at which time the ADCB is equal to the following, the Applicable Advance Rate Percentage shall be: Equal to or less than $10,000,000 0.00 % Greater than $10,000,000 but less than or equal to $15,000,000 50.00 % Greater than $15,000,000 but less than or equal to $20,000,000 60.00 % Greater than $20,000,000 but less than or equal to $25,000,000 70.00 % Greater than $25,000,000 80.00 % During the Amortization Period, the Applicable Advance Rate Percentage shall be the Applicable Advance Rate Percentage in effect immediately prior to the Revolving Period Termination Date.