Funding Date Advance Rate definition

Funding Date Advance Rate means 80.0%.
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Funding Date Advance Rate means 67.5%.
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Funding Date Advance Rate means if (i) the Aggregate Outstanding Note Balance is less than $100,000,000, then 67.5%, (ii) the Aggregate Outstanding Note Balance is equal to or greater than $100,000,000 but less than $110,000,000, then 65.0% or (iii) the Aggregate Outstanding Note Balance is greater than $110,000,000, then 62.5%; provided, however, that if a Takeout Financing is completed, the Agent and the Issuer agree to discuss potential amendments to the definition of “Funding Date Advance Rate.”
Sample 1

More Definitions of Funding Date Advance Rate

Funding Date Advance Rate means 67.5%.”
Sample 1
Funding Date Advance Rate means 67.5%; provided, however, that if (i) a Takeout Financing is completed whereby the securities issued with a rating of “A” by S&P, “A2” by Moody’s, “A” by Fitch Ratings or “A” by DBRS, have an advance rate greater than 67.5% or (ii) a non-rated, non-recourse Takeout Financing is completed whereby the proceeds thereof reduce the Outstanding Note Balance of the Notes by at least $75,000,000 and the advance rate is greater than 67.5% (and such financing has been approved in writing by the Agent for purposes of calculating the Funding Date Advance Rate), then the “Funding Date Advance Rate” for Funding Dates occurring after such Takeout Financing shall be the lesser of the advance rate in the Takeout Financing and 75%.
Sample 1
Funding Date Advance Rate means 70.0%.
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Related to Funding Date Advance Rate

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Trustee Advance Rate With respect to any Advance made by the Trustee pursuant to Section 4.01(b), a per annum rate of interest determined as of the date of such Advance equal to the Prime Rate in effect on such date plus 5.00%.

  • Maximum Advance Rate means 80.0%.

  • Revolving Advance has the meaning given in Section 2.1.

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

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

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

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

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

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

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(i).

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Revolving Loan Maturity Date means the earliest to occur of (i) the Maturity Date and (ii) the date on which the Revolving Loans become due and payable in accordance with Section 10.02.

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Funding Rate means any individual rate notified by a Lender to the Facility Agent pursuant to sub-paragraph (ii) of paragraph (a) of Clause 10.3 (Cost of funds).

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(ii).

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).