Maximum Advance Percentage means the rate, stated as a percentage, of the aggregate outstanding principal amount of the Eligible Loans financed or to be financed, as determined by the Valuation Agent, all as calculated by the Valuation Agent pursuant to Article III of the Valuation Agent Agreement. The Maximum Advance Percentage determined pursuant to any Advance Percentage Calculation Report or set forth in any Valuation Report shall remain in effect with respect to the applicable Financed Loans until the Advance Date immediately following the delivery of the next Valuation Report delivered pursuant to Section 5.12 hereof.
Maximum Advance Percentage with respect to any Eligible Security on any date, (i) if such Eligible Security is rated at least BBB by S&P and Baa2 by Moody's, the percentage set forth opposite the month in which such date occurs in the following table ("Months" equals number of months since issuance of such Eligible Security): Maximum Advance Months Percentage ------ ---------- 1 100.0% 2 100.0% 3 100.0% 4 100.0% 5 100.0% 6 100.0% 7 100.0% 8 100.0% 9 100.0% 10 100.0% 11 100.0% 12 100.0% 13 91.7% 14 83.3% 15 75.0% 16 66.7% 17 58.3% 18 50.0% 19 41.7% 20 33.3% 21 25.0% 22 16.7% 23 8.3% 24 0.0% -16 and (ii) otherwise, the percentage set forth opposite the month in which such date occurs in the schedule of Maximum Advance Percentages calculated by the Administrative Agent with respect to such Eligible Security on or prior to the first date such Eligible Security is included in the calculation of the Revolver Borrowing Base, provided, that the Maximum Advance Percentage calculated by the Administrative Agent shall be zero on and after the 24th month since issuance of such Eligible Security, and provided, further, that if any such Eligible Security rated at least BBB by S&P and Baa2 by Xxxxx'x is downgraded two notches from its rating at the time of issuance, then such percentage shall be reduced by subtracting 25%, and provided, further, that if any such Eligible Security other than an Eligible Security rated at least BBB by S&P and Baa2 by Xxxxx'x is downgraded to BB- by S&P or Ba3 by Moody's, then such percentage shall be reduced by subtracting 25%, and provided, further, that if any such Eligible Security rated at least BBB by S&P and Baa2 by Xxxxx'x is downgraded by more than two notches from its rating at the time of issuance, then such the Maximum Advance Percentage with respect to such Eligible Security shall be zero, and provided, further, that if any such Eligible Security other than an Eligible Security rated at least BBB by S&P and Baa2 by Xxxxx'x is downgraded to B or below by S&P or B2 or below by Moody's, then such the Maximum Advance Percentage with respect to such Eligible Security shall be zero.
Maximum Advance Percentage. On any date of determination by the Valuation Agent that occurs (a) during the Facility Period, 75% or (b) at any time thereafter, 65%.
Examples of Maximum Advance Percentage in a sentence
The Maximum Advance Percentage shall be determined by: (i) dividing (A) the present value of the Net Revenue (using the Portfolio Characteristics and the Valuation Report Assumptions) by (B) the outstanding principal balance of Eligible Loans to be financed, and (ii) adding 100% to the resulting percentage.
The Maximum Advance Percentage shall be determined by: (i) dividing (A) the present value of the Net Revenues (using the Portfolio Characteristics and the Advance Percentage Calculation Assumptions) by (B) the outstanding principal balance of Student Loans, and (ii) adding 100% to the resulting percentage.
As of any date of determination by the Valuation Agent, the quotient of (i) the Maximum UBS Funded Amount divided by (ii) the then-applicable Maximum Advance Percentage.
As of any date of determination by the Liquidation Agent, the quotient of (i) the Aggregate Outstanding UBS Funded Amount divided by (ii) the then-applicable Maximum Advance Percentage.
More Definitions of Maximum Advance Percentage
Maximum Advance Percentage means the maximum percentage of the Amount Accepted that is eligible for an Initial Payment.
Maximum Advance Percentage means, at any time, the percentage represented by (A) the sum of (i) an amount equal to 85% multiplied by the aggregate amount of the Eligible Receivables Balance that is evidenced by PrePrime Contracts, plus (ii) an amount equal to 96.5% multiplied by the aggregate amount of the Eligible Receivables Balance that is evidenced by Prime Contracts, divided by (B) the Eligible Receivables Balance evidenced by all Contracts.
Maximum Advance Percentage means, as of any Monthly Report Date as calculated for the calendar month most recently ended, a percentage equal to (a) 100% less (b) the greater of (i) 16.0% and (ii) the Dynamic Percentage calculated as of such date of determination.
Maximum Advance Percentage means, at any time, the percentage represented by (A) the sum of (i) an amount equal to 75% multiplied by the aggregate amount of the Eligible Receivables Balance attributable to Old PrePrime Receivables, plus (ii) an amount equal to 80% multiplied by the aggregate amount of the Eligible Receivables Balance attributable to New PrePrime Receivables, plus (iii) prior to the earlier to occur of (a) November 1, 2008, or (b) satisfaction of all conditions to the next Borrowing (provided, in determining the satisfaction of such conditions, 89% shall be used for this clause (iii)), an amount equal to 96.5%, and on and after the earlier to occur of (x) November 1, 2008, or (y) satisfaction of all conditions to the next Borrowing (provided, in determining the satisfaction of such conditions, 89% shall be used for this clause (iii)), 89% multiplied by the aggregate amount of the Eligible Receivables Balance attributable to Prime Receivables, divided by (B) the aggregate Eligible Receivables Balance attributable to all Receivables.
Maximum Advance Percentage means 99%.
Maximum Advance Percentage means 90%.
Maximum Advance Percentage. On any date of determination, 60%.