Facility Advance Rate definition

Facility Advance Rate means, at any time, the aggregate Collateral Value of all Facility Eligible Receivables that have positive Advance Rates for the Series 2020-VF1 Notes, divided by the aggregate Receivable Balances of all Facility Eligible Receivables that have positive Advance Rates for the Series 2020-VF1 Notes. Such Facility Advance Rate shall be calculated by the Administrator.
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Facility Advance Rate means the aggregate Collateral Value of all Facility Eligible Receivables not including Non-FIFO Receivables, divided by the aggregate Receivable Balances of all Facility Eligible Receivables not including Non-FIFO Receivables.
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Facility Advance Rate means, on any date of determination, the lesser of (a) the weighted average (as determined by the Administrative Agent) of the Individual Advance Rates in respect of the Portfolio Investments (determined based on the Initial Market Value Amount minus the Excess Concentration Amount of each such Portfolio Investment) and (b) the Facility Advance Rate Cap in effect on such date.
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Examples of Facility Advance Rate in a sentence

  • In exchange for this amendment to the definition of "Credit Facility Advance Rate Limit", the Company issued 84,746 shares at Cdn $0.59 as compensation for Canadian $50K amendment fee.

  • All other terms and conditions are unchanged.In June 2022, the credit agreement was again amended to add to the definition of "Credit Facility Advance Rate Limit" 50% of the Value of Eligible Inventory that is in-transit to or between locations owned by the Borrower or with respect to which a Collateral Access Agreement has been obtained plus the Value of Eligible Receivables on account of Purchase Orders with respect to which the related goods are expected to ship prior to December 31, 2022.

  • On June 08, 2022, the credit agreement was amended to redefine the "Credit Facility Advance Rate Limit.

  • All other terms and conditions are unchanged.In June 2022, the credit agreement was again amended to add to the definition of “Credit Facility Advance Rate Limit” 50% of the Value of Eligible Inventory that is in-transit to or between locations owned by the Borrower or with respect to which a Collateral Access Agreement has been obtained plus the Value of Eligible Receivables on account of Purchase Orders with respect to which the related goods are expected to ship prior to December 31, 2022.

  • Parent Borrower shall notify the Administrative Agent in writing promptly, and in any event within two (2) Business Days of the occurrence of an Existing ABL Facility Advance Rate Event.

  • The fee is recorded in finance costs on the statement of earnings.(iv)On June 08, 2022, the credit agreement was amended to redefine the “Credit Facility Advance Rate Limit.

  • In exchange for this renewal and amendment to the definition of "Credit Facility Advance Rate Limit", the Company issued 72,072 shares at Cdn $1.11 as compensation for Canadian $80K amendment fee.

  • In exchange for this amendment to the definition of “Credit Facility Advance Rate Limit”, the Company issued 16,949 shares at Cdn $2.95 (as determined by five-day volume weighted average) as compensation for Canadian $50 amendment fee.

  • In exchange for this renewal and amendment to the definition of "Credit Facility Advance Rate Limit", the Company issued 72,072 shares at Cdn $1.11 as compensation for Cdn $80K amendment fee.

  • In exchange for this renewal and amendment to the definition of “Credit Facility Advance Rate Limit”, the Company issued 14,414 shares at Cdn $5.55 (as determined by five-day volume weighted average) as compensation for Canadian $80 amendment fee.


More Definitions of Facility Advance Rate

Facility Advance Rate means, as of any date of calculation, the difference between (i) 75% and the sum of (a) the Type I Advance Rate Reduction Percentage, if any, and (b) the Type II Advance Rate Reduction Percentage (if any), and (c) the Type III Advance Rate Reduction Percentage, if any.
Sample 1
Facility Advance Rate means, at any time, the aggregate Collateral Value of all Facility Eligible Receivables that have positive Advance Rates for the Series 2014-VF2 Notes, divided by the aggregate Receivable Balances of all Facility Eligible Receivables that have positive Advance Rates for the Series 2014-VF2 Notes.
Sample 1
Facility Advance Rate means, at any time, the aggregate Collateral Value of all Facility Eligible Receivables that have positive Advance Rates for the Series 2015-VF1 Notes, divided by the aggregate Receivable Balances of all Facility Eligible Receivables that have positive Advance Rates for the Series 2015-VF1 Notes. Such Facility Advance Rate shall be calculated by the Administrator.
Sample 1
Facility Advance Rate means, on any date of determination, the lesser of (a) the weighted average (as determined by the Liquidation Agent) of the Individual Advance Rates in respect of the Collateral Obligations (determined based on the Initial Market Value Amount minus the Excess Concentration Amount of each Collateral Obligation (which Excess Concentration Amount shall be determined by the Liquidation Agent in accordance with a commercially reasonable methodology; provided that, in the event that the Investment Manager submits to the Liquidation Agent a calculation using a different reasonable methodology that results in a smaller Excess Concentration Amount, then the Investment Manager’s calculation shall prevail)) and (b) the Facility Advance Rate Cap in effect on such date.
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Related to Facility Advance Rate

  • Maximum Advance Rate means 80.0%.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Loans included in the Aggregate Net Collateral Balance, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate of each Eligible Collateral Loan by (ii) such Eligible Collateral Loan’s contribution to the Aggregate Net Collateral Balance and dividing such sum by (b) the Aggregate Net Collateral Balance.

  • Advance Rate has the meaning assigned to such term in Section 5.13.

  • Advance Rates shall have the meaning set forth in Section 2.1(a) hereof.

  • Maximum Advance Amount means, for each Advance Notice, the greater of: (i) an amount calculated by multiplying the Market Price applicable to the relevant Advance Notice, multiplied by 200,000 Shares; or (ii) two hundred percent (200%) of the average daily volume of shares of Common Stock traded during the immediately preceding five (5) consecutive trading days applicable to the relevant Advance Notice.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.