FILO Advance Rate means the percentages set forth below:
FILO Advance Rate means, (a) prior to the first anniversary of the Fourth Restatement Date, five percent (5%), (b) from and after the first anniversary of the Fourth Restatement Date, but prior to the second anniversary of the Fourth Restatement Date, four percent (4%), (c) from and after the second anniversary of the Fourth Restatement Date, but prior to the third anniversary of the Fourth Restatement Date, three percent (3%), (d) from and after the third anniversary of the Fourth Restatement Date, but prior to the fourth anniversary of the Fourth Restatement Date, two percent (2%), and (e) from and after the fourth anniversary of the Fourth Restatement date, one percent (1%).
FILO Advance Rate means (a) on and prior to the first anniversary of the Closing Date, 5%, (b) after the first anniversary of the Closing Date and on or prior to the second anniversary of the Closing Date, 4%, (c) after the second anniversary of the Closing Date and on or prior to the third anniversary of the Closing Date, 3%, (d) after the third anniversary of the Closing Date and on or prior to the fourth anniversary of the Closing Date, 2%, and (e) after the fourth anniversary of the Closing Date, 1%.
More Definitions of FILO Advance Rate
FILO Advance Rate is hereby deleted in its entirety and the following is substituted in its stead:
FILO Advance Rate means the percentages set forth below: Period FILO Advance Rate From the Third Amendment Effective Date through December 31, 2020 10% From January 1, 2021 until May 24, 2021 7.5% From May 25, 2021 until the Maturity Date 5%
FILO Advance Rate means (a) with respect to Eligible Accounts, ten percent (10%), as reduced in equal quarterly increments of 0.834% on the first day of each fiscal quarter beginning April 1, 2023; plus (b) with respect to Eligible Cigarette Inventory, ten percent (10%), as reduced in equal quarterly increments of 0.834% on the first day of each fiscal quarter beginning April 1, 2023; plus (c) with respect to Eligible Inventory (consisting solely of Eligible Inventory other than Eligible Cigarette Inventory set forth in clause (b) above) ten percent (10%), as reduced in equal quarterly increments of 0.834% on the first day of each fiscal quarter beginning April 1, 2023; plus (d) with respect to Eligible Real Property, five percent (5%), as reduced in equal quarterly increments of 0.4167% on the first day of each fiscal quarter beginning April 1, 2023.
FILO Advance Rate means the percentages set forth below: Period FILO Advance Rate From the Second Amendment Effective Date until the first anniversary of the Second Amendment Effective Date 5% From the first anniversary of the Second Amendment Effective Date until the second anniversary of the Second Amendment Effective Date 4% From the second anniversary of the Second Amendment Effective Date until the Maturity Date 3%
FILO Advance Rate means, collectively, the FILO Receivables Advance Rate and the FILO Inventory Advance Rate.
FILO Advance Rate means the percentages set forth below: Period FILO Advance Rate From the Closing Date until the first anniversary of the Closing Date 10% From the first anniversary of the Closing Date until the second anniversary of the Closing Date 7.5% From the second anniversary of the Closing Date until the Maturity Date 5%
FILO Advance Rate means]Applicable Margin” means: