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.

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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 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.

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 maximum Effective Advance Rate for each calendar month of each calendar year shall be as set forth below.

• In the event the Validation Agent disagrees, contests or objects to the amount of such adjustment increase, then such adjustment increase shall no longer be permitted and shall be excluded from any future determinations of any component of Aggregate Forecasted Net Collections, the Effective Advance Rate, Existing Book Forecasted Cumulative Net Cash Collections and Post-Closing-Date Vintage Pool Forecasted Cumulative Net Cash Collections.

• 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%.

• The maximum Effective Advance Rate shall be tested at the end of each calendar month, except that in the month of December for each year of this Agreement, the maximum Effective Advance Rate shall be tested December 24.

More Definitions of Effective Advance Rate

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 ▇▇▇▇▇▇ Mae MSRs, ▇▇▇▇▇▇▇ Mac MSRs, or ▇▇▇▇▇▇ 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 ▇▇▇▇▇▇ ▇▇▇ MSR, ▇▇▇▇▇▇▇ Mac MSR or ▇▇▇▇▇▇ Mae MSR included in the Borrowing Base shall not be reduced by the application of the ▇▇▇▇▇▇ ▇▇▇ Advance Rate, ▇▇▇▇▇▇▇ Mac Advance Rate or ▇▇▇▇▇▇ ▇▇▇ 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.

Effective Advance Rate means a percentage equal to the outstanding principal balance of the Obligations divided by an amount equal to the Colonial Net Eligible Contract Payments of Eligible Contracts.

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 up to the Aggregate Unfunded Amount on such date.

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 percentage equivalent of a fraction (a) the numerator of which is the Total Utilization of Class A Revolving Commitments, and (b) the denominator of which is the sum of (i) the Adjusted EPOPB as of such date, plus (ii) the aggregate amount of Collections in the Lockbox Account and the Collection Account to the extent such Collections and other funds have already been applied to reduce the Eligible Portfolio Outstanding Principal Balance, plus (iii) the fair market value of all Permitted Investments held in the Collection Account on such day, minus (iv) 105% of the sum of the Accrued Interest Amount as of such day and the aggregate amount of all accrued and unpaid fees and expenses due hereunder and under the Servicing Agreement, the Backup Servicing Agreement, the Custodial Agreement and the Successor Servicing Agreement.