Lender Advance Rate LTV Trigger definition

Lender Advance Rate LTV Trigger means as of the end of any calendar month the Lender Advance Rate is greater than or equal to 70% and exceeds (or shall have exceeded) such amount for a period of 5 consecutive Business Days.
Lender Advance Rate LTV Trigger. Majority Lenders”, “Market Trigger”, “Principal Collateralization Amount”, “Designated Loan”, “Recurring Revenue Loan”, “Second Lien Loan”, “Senior Secured Bond”, “Senior Secured Loan”, or any defined term used therein, in each case in a manner which would have the effect of making additional credit available to the Borrower, or making such provision less restrictive on the Borrower in any other material fashion or (ii) any agreement to the direct or indirect subordination of any lien or claim securing the Obligations in connection with this Agreement.

Related to Lender Advance Rate LTV Trigger

  • 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.