Effective Advance Rate definition

Effective Advance Rate means, on any date of determination, (a) the Advances outstanding on such date divided by (b) the sum of (i) the Adjusted Aggregate Eligible Collateral Obligation Balance on such date plus (ii) the amount of Principal Collections on deposit in the Principal Collection Account on such date minus (iii) the Aggregate Unfunded Amount on such date plus (iv) the amount on deposit in the Unfunded Exposure Account on such date.

Effective Advance Rate means, as of any date of determination, the ratio of the Aggregate Outstanding Advances to the Aggregate Discounted Solar Asset Balance.

Effective Advance Rate means, as of any date of determination, (a) the aggregate principal amount of all Advances outstanding on such date divided by (b) the sum of (i) the Aggregate Contracts Balance (net of all Discount Factors) on such date plus (ii) the amount of Principal Collections on deposit in the Collection Account on such date minus (iii) the Aggregate Unfunded Amount on such date minus (iv) the Excess Concentration Amount.

Examples of Effective Advance Rate in a sentence

• The term "Effective Advance Rate" shall mean the aggregate outstanding principal balance of the Revolving Loan Component and the Term Loan Component divided by the aggregate outstanding principal balance of all Eligible Notes Receivable pledged to Agent hereunder.

• The Effective Advance Rate shall at no time exceed the "MAXIMUM EFFECTIVE ADVANCE RATE", DETERMINED AS FOLLOWS: (i) 95%; or (ii) SUCH HIGHER RATE AS MAY BE AGREED TO BY TFC IN WRITING IN ITS SOLE AND ABSOLUTE DISCRETION PROVIDED, HOWEVER, THAT THE AGGREGATE OUTSTANDING PRINCIPAL BALANCE OF THE REVOLVING LOAN COMPONENT DIVIDED BY THE AGGREGATE OUTSTANDING PRINCIPAL BALANCE OF ALL ELIGIBLE NOTES RECEIVABLE PLEDGED TO AGENT HEREUNDER WILL NOT EXCEED 75%.

• Notwithstanding anything herein to the contrary, the total aggregate outstanding principal balance of the Revolving Loan Component and the Term Loan Component divided by the aggregate outstanding principal balance of all Eligible Notes Receivable pledged to Agent shall not exceed the Maximum Effective Advance Rate, as such term is defined herein.

• The Effective Advance Rate shall at no time exceed 95% (the "Maximum Effective Advance Rate").

• As a condition to such consent, Agent may require that all proceeds of such financing be applied in repayment of the Loan as provided in Section 2.4 hereof so as to reduce the Effective Advance Rate, and may require advances to be funded from the Revolving Loan Component prior to advances from such other financing.

More Definitions of Effective Advance Rate

Effective Advance Rate means a fraction (i) the numerator of which is equal to the Total Utilization of Revolving Commitments and (ii) the denominator of which is the aggregate principal balance of all Eligible Receivables.

Effective Advance Rate means, on any date, the percentage equal to the Inventory Advance Amount (as defined in the definition of “Borrowing Base”) on such date divided by the Inventory Value of all Inventory of the Borrower and each other Grantor on such date.

Effective Advance Rate means, (a) with respect to the Eligible Assets of any Agency, the quotient of (i) the outstanding Advances with respect to the Eligible Assets of such Agency, divided by (ii) that portion of the Borrowing Base attributed to the value of Xxxxxx Mae MSRs, Xxxxxxx Mac MSRs, or Xxxxxx Mae MSRs, as applicable and (b) with respect to the Eligible Assets of all Agencies, (i) the Aggregate Outstandings, divided by (ii) the Borrowing Base. For the sake of clarity, the portion of Xxxxxx Xxx MSR, Xxxxxxx Mac MSR or Xxxxxx Mae MSR included in the Borrowing Base shall not be reduced by the application of the Xxxxxx Xxx Advance Rate, Xxxxxxx Mac Advance Rate or Xxxxxx Xxx Advance Rate, as applicable.

Effective Advance Rate. As of any date of determination, the number, expressed as a percentage, equal to (i) the Borrowing Base as of such date divided by (ii) the aggregate Adjusted Borrowing Value of each Eligible Loan as of such date. [Investcorp] Loan and Security Agreement

Effective Advance Rate. The percentage obtained by dividing the sum of the then existing balance of the Loan Account plus the Stated Amount of outstanding L/C's by the then Cost value of Acceptable Inventory.

Effective Advance Rate means, as of any date of determination the quotient expressed as a percentage of (a) the Combined Loan Balance as of such date, divided by (b) the Aggregate Forecasted Net Collections based on a ten (10) year collection period as of such date determined on an undiscounted basis (i.e., (i) without utilizing the Discount Rate to determine, and without determining the net present value of, any forecasted net cash collections comprising the Delayed Draw Term Loan Forecasted Net Collections as of such date, the Revolving Loan Forecasted Net Collections as of such date and the Term Loan Forecasted Net Collections as of such date, and (ii) without utilizing a 60 or 66 month collection period and, in each case, substituting the time period of ten (10) years in lieu of such 60 or 66 month collection period, as applicable, in each case, for the purposes of making the determination under this clause (b)).

Effective Advance Rate means the quotient of the outstanding Purchase Price divided by the outstanding principal balance of the Commercial Mortgage Loan.