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.
Maximum Advance Rate means 80.0%.
Class B Note Rate means 1.93% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.
Advance Rate has the meaning assigned to such term in Section 5.13.
Class A Note Rate means, with respect to each Interest Period, a fixed rate equal to 3.23% per annum with respect to the Class A Notes.
Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).
Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.
Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.
Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;