Equipment Advance Rate definition

Equipment Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(iii) hereof.

Equipment Advance Rate means the percentage(s) set forth in Section 1(b)(iv) of Schedule A.

Equipment Advance Rate shall have the meaning set forth in the definition of Amortizing Availability.

Examples of Equipment Advance Rate in a sentence

• Borrower may, however, at its option, request in writing a reappraisal of the orderly liquidation value of the Eligible Equipment by giving written notice thereof to TBCC on or before November 1 of each year, and in that event the Equipment Advance Rate will not be reduced the following December 31, but the Equipment Advance Rate will be applied to the appraised orderly liquidation value of Eligible Equipment as determined by the new appraisal.

• The Equipment Advance Rate ----------------------------------- shall be reduced by 23.3 percentage points on December 31, 1999 and on December 31 of each year thereafter, until it is reduced to zero.

• On December 31, 1999, the Equipment Advance Rate would be reduced by 23.3 percentage points from 70% to 46.7%, and the Loans available under Section 1(2)(d) above would then be 46.7%, of $2,000,000 or $934,000.

• For instance, the legal ownership of the assets under management of the UCITS has to be held by a separate legal entity whose sole object as stated in the articles of association is holding the legal ownership of the assets of the UCITS fund.

• The Lender shall have no obligation to make the Equipment Term Advance if, after giving effect to such requested Equipment Term Advance, the outstanding principal balance of the Equipment Term Advances would exceed the amount determined by multiplying the Equipment Advance Rate times the Net Forced Liquidation Value of Eligible Equipment.

More Definitions of Equipment Advance Rate

Equipment Advance Rate means eighty-five (85%) percent, provided, that, such percentage shall be reduced to eighty-two and one-half (82 1/2%) percent on July 1, 2007 and effective as of January 1 and July 1 of each year thereafter by an additional two and one-half (2 1/2%) percent as of each such date.

Equipment Advance Rate means (i) eighty-five percent (85%) on the Closing Date, less four and one quarter (4.25%) percentage points each fiscal quarter thereafter until such time as Lender orders, receives, and reviews to its satisfaction, a new appraisal identifying the then Net Orderly Liquidation Value of Eligible Equipment, (ii) upon Lender’s receipt and review to its satisfaction of a new appraisal identifying the then Net Orderly Liquidation Value of Eligible Equipment, eighty-five percent (85%), less four and one quarter (4.25%) percentage points each fiscal quarter thereafter until such time as Lender orders, receives, and reviews to its satisfaction, a new appraisal identifying the Net Orderly Liquidation Value of Eligible Equipment. Schedule 1.1

Equipment Advance Rate means, for each period set forth in the chart below, the percentage set forth opposite such period:

Equipment Advance Rate means up to one hundred percent (100%) of the Net Forced Liquidation Value of Eligible Equipment, or such lesser rate as the Lender in its sole discretion may deem appropriate from time to time.

Equipment Advance Rate means, for each period set forth in the chart below, the percentage set forth opposite such period: The date hereof through and including September 30, 2009 85% October 1, 2009 through and including December 31, 2009 77% January 1, 2010 through and including March 31, 2010 69% April 1, 2010 through and including June 30, 2010 61% July 1, 2010 through and including September 30, 2010 53% October 1, 2010 through and including December 31, 2010 45% January 1, 2011 through and including March 30, 2011 37% April 1, 2011 through and including June 30, 2011 29% July 1, 2011 through and including September 30, 2011 21% October 1, 2011 through and including December 31, 2011 13% January 1, 2012 through and including March 31, 2012 5% April 1, 2012 and thereafter 0%

Equipment Advance Rate means seventy-five percent (75%); provided, that such ---------------------- -------- percentage shall be reduced by three (3) percentage points on the first day of each August, November, February and May beginning August 1, 1997 until reduced to sixty percent (60%).

Equipment Advance Rate shall have the meaning set forth in Section 2.1(a)(i) hereof.