Class B Advance Rate definition

Class B Advance Rate means eighty-seven percent (87%).

Class B Advance Rate means, as of any date of determination, (a) if the Weighted Average FICO Score of all Collateral Receivables for which a FICO Score has been obtained around the time the Receivable was originated is greater than or equal to 580 on such date, 90% and (b) if the Weighted Average FICO Score of all Collateral Receivables for which a FICO Score has been obtained around the time the Receivable was originated is less than 580 on such date, 85%.

Class B Advance Rate means 90.0%.

Examples of Class B Advance Rate in a sentence

• Each Joinder Agreement shall also set forth any other applicable terms of the Class B Revolving Commitments being provided thereby, including without limitation the Applicable Class B Advance Rate (which shall be identical among all Class B Revolving Lenders), other than pricing terms described in a separate Fee Letter.

• As of any Determination Date, shall be equal to the product of (i) the quotient of the Class A Advance Rate divided by the Class B Advance Rate and (ii) the Series 2017-1 Asset Base.

• Each Borrowing Notice shall set forth, and each Advance shall be comprised of (i) a proposed Class A Advance and (ii) a proposed Class B Advance, which shall be calculated at the Class B Advance Rate based on the proposed Class A Advance.

• As of any date of determination, an amount equal to (a) one hundred percent (100%), minus (b) the Class B Advance Rate, plus (c) the Series 2018-2 Excess Concentration Percentage.

• As of any date of determination, an amount equal to (a) one hundred percent (100%), minus (b) the Class B Advance Rate, plus (c) the Series 2018-1 Excess Concentration Percentage.

More Definitions of Class B Advance Rate

Class B Advance Rate. With respect to any Class B Advance, a percentage equal to the product of (x) 5/75, multiplied by (y) the Class A Advance Rate for the related Advance on the Class A Variable Funding Certificates.

Class B Advance Rate means, for each Aircraft of a particular Type as of any date of determination, the applicable Base Advance Rate (whether before or after Xxxxxxxx Xxxx exists), as adjusted by each applicable Advance Rate Adjustment.

Class B Advance Rate. (a) From the Refinancing Date, up to and including the last day of the Reinvestment Period, the percentage applicable on such date based upon the obligor count existing upon such date as set forth in the following table; and (b) with respect to any date of determination following the last day of the Reinvestment Period, the Class B 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.

Class B Advance Rate. (a) with respect to any date of determination up to and including the end of the Prefunding Period, 72.00%; (b) with respect to any date of determination following the end of the Prefunding Period, up to and including the last day of the Reinvestment Period, the percentage applicable on such date based upon the obligor count existing upon such date as set forth in the following table; and (c) with respect to any date of determination following the last day of the Reinvestment Period, the Class B Advance Rate determined pursuant to clause (b) 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: 20 and lower 70.00 % 21 and higher 72.00 % 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.

Class B Advance Rate. For each Eligible Loan, unless otherwise set forth on Schedule III with respect to such Eligible Loan, 80%.

Class B Advance Rate. For the Class B Notes, eighty-three percent (83%).

Class B Advance Rate. The meaning set forth in the Fee Letter.