Maximum Advance Rate Test means a test that will be satisfied at any time if (a) the aggregate outstanding principal balance of the Advances at such time is less than or equal to (b) the Maximum Available Amount at such time.
Maximum Advance Rate Test means a test that will be satisfied at any time if (a) the sum of (i) the aggregate outstanding principal balance of the Advances and (ii) the Net Aggregate Exposure Amounts at such time is less than (b) the Maximum Available Amount at such time.
Maximum Advance Rate Test means (a) prior to the making of a Class A Incremental Advance, the Class A Maximum Committed Advance Rate Test, (b) on and after the making of a Class A Incremental Advance, the Class A Maximum Advance Rate Test, (c) prior to the making of a Class B Incremental Advance, the Class B Maximum Committed Advance Rate Test, (d) on and after the making of a Class B Incremental Advance, the Class B Maximum Advance Rate Test, or (e) any one or more of the foregoing as the context may require.
Examples of Maximum Advance Rate Test in a sentence
Each prepayment of any Advance by the Borrower pursuant to this Section 2.06(a) shall in each case be in a principal amount of at least the Dollar Equivalent of $500,000 (other than a prepayment made in order to cure any non-compliance with the Maximum Advance Rate Test) or, if less, the entire outstanding principal amount of the Advances of the Borrower.
Each prepayment of any Advance by the Borrower pursuant to this Section 2.05(a) (other than a prepayment made in order to cure any non-compliance with the Maximum Advance Rate Test or the Maximum Advance Rate Default Test) shall in each case be in a principal amount of at least $500,000 or, if less, the entire outstanding principal amount of the Advances of the Borrower.
More Definitions of Maximum Advance Rate Test
Maximum Advance Rate Test. “Interest Coverage Ratio Test”, “Collateral Loan”, “Eligible Collateral Loan”, “Eligible Country”, “Minimum Equity Amount”, “Collateral Quality Test”, or any Collateral Quality Test set forth therein or component thereof defined therein; (h) modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof or (i) extend the Reinvestment Period.
Maximum Advance Rate Test. Satisfied if (A) is less than (B)
Maximum Advance Rate Test means a test that will be satisfied at any time if, (a) the sum of (i) the Dollar Equivalent of the aggregate outstanding principal balance of the Advances at such time plus (ii) the Dollar Equivalent of the purchase price of all Collateral Loans that are to be acquired by the Borrower for which the Trade Date (and not settlement date) has occurred is less than or equal to (b) the lesser of (i) Borrowing Base and (ii) the Maximum Facility Amount.
Maximum Advance Rate Test means a Class A Maximum Advance Rate Test or a Class B Maximum Advance Rate Test, as the context requires.
Maximum Advance Rate Test. “Maximum Advance Rate Default Test” or “Minimum Equity Amount”; (h) modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof or (i) extend the Reinvestment Period.
Maximum Advance Rate Test. “Permitted Sale”, “Required Lenders,” “Servicer Event of Default,” “Three-Month Rolling Average Facility Pool Default Ratio,” “Three-Month Rolling Average Facility Pool Delinquency Ratio,” “Two-Month Rolling Average Facility Pool Default Ratio,” “Two-Month Rolling Average Facility Pool Delinquency Ratio,” or modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof, (h) extend the Reinvestment Period, (i) release any Limited Guarantor from its obligations under the Limited Guaranty and Indemnity Agreement, (j) terminate or remove Seller’s obligations to repurchase Receivables pursuant to the Receivable Purchase Agreement, (k) change the currency required for payments of Obligations under this Agreement, or (l) consent to or permit the assignment or transfer by the Borrower of any of its rights and obligations under this Agreement or its rights, title or interest in or to all or any material portion of the Collateral (except, in each case, as permitted under this Agreement); provided, however, that (i) no amendment, waiver, supplement or other modification of the provisions or definitions described above which solely relate to or affect the rights or obligations of the Borrower or the Class A Lenders and will have no effect on the rights or obligations of the Class B Lenders (whether directly or indirectly), in each, case, relating thereto shall be deemed to be a Fundamental Amendment and (ii) no amendment, waiver, supplement or other modification to the proviso in Section 2.01(a) shall be deemed a Fundamental Amendment.
Maximum Advance Rate Test means a test that will be satisfied at any time if (a) the aggregate outstanding principal balance of the Advances at such time is less than or equal to (b) the Maximum Available Amount at such time. “Maximum Available Amount” means, at any time, the least of: (a) (i) the Facility Amount at such time minus (ii) the Net Aggregate Exposure Amounts at such time reduced by the aggregate amount of cash then on deposit in the Principal Collection Subaccount; provided that the amount determined pursuant to this subclause (ii) shall not be less than zero, provided further that solely for purposes of funding the Revolving Reserve Account on the Commitment Termination Date pursuant to Section 8.04. the Maximum Available Amount under this clause (a) shall be the Facility Amount; provided further that during the Amortization Period, the Maximum Available Amount under this clause (a) shall be the Advances Outstanding;