M&E Advance Rate definition

M&E Advance Rate means 85%.”
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M&E Advance Rate means 85%, which amount shall be reduced to 82% on October 1, 2013 and shall continue to be reduced by an additional 3 percentage points on the first day of each calendar quarter thereafter; provided, that, such percentage shall be reset to 85% on the 2015 Reset Date and shall thereafter be reduced by 3 percentage points on the first day of each calendar quarter commencing with the first such date following the 2015 Reset Date.
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M&E Advance Rate means, 45%; provided that such percentage shall be reduced by 3.00% per $1,000,000.00 pay down of the principal balance of the Term Loans (prorated for pay downs of less than $1,000,000.00), including all prepayments of principal and scheduled amortization payments pursuant to Sections 2.05 and 2.07 (other than in connection with the South Gate Disposition).
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More Definitions of M&E Advance Rate

M&E Advance Rate set forth in Schedule 1.1 to the Credit Agreement is hereby amended by deleting such definition in its entirety and replacing it with the following:
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M&E Advance Rate means, 4545.0 %; provided that such percentage shall be reduced by 0.50% on the last day of each calendar month commencing January 31, 2022 through the Maturity Date; provided, further that such percentage shall be reduced by 3.00% per $1,000,000.00 pay down of the principal balance of the Term Loans (prorated for pay downs of less than $1,000,000.00), including all prepayments of principal and scheduled amortization payments pursuant to Sections 2.05 and 2.07 (other than in connection with the South Gate Disposition).2.07.
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M&E Advance Rate means (a) for the period commencing as of the Closing Date and as of date of each M&E Appraisal thereafter and through but excluding the first day of the first month following such date, 85%; (b) as of the first day of the first month commencing after the Closing Date or the date of such M&E Appraisal, as the case may be, 83.75%; and (c) as of the first day of each month thereafter, the M&E Advance Rate in effect immediately prior to such date, less 1.25%.
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Related to M&E Advance Rate

  • Maximum Advance Rate means 80.0%.

  • 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.

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

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

  • 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%.

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

  • Maximum Revolving Advance Amount means $30,000,000.

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

  • 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.

  • Revolving Advance has the meaning given in Section 2.1.

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

  • Reference Rate Loan means any Committed Loan that bears interest at a rate determined with reference to the Reference Rate.

  • Term Loan 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.

  • Loan Rate for any Mortgage Loan and on any day means the per annum rate of interest applicable under the related Credit Line Agreement to the calculation of interest for the day on the Asset Balance of the Mortgage Loan.

  • Credit Card Advance Rate means 90%.

  • Swingline Rate means, for any Interest Period, the rate as offered by the Administrative Agent and accepted by the Borrower. The Borrower is under no obligation to accept this rate and the Administrative Agent is under no obligation to provide it.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

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

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of either (i) 9.25% plus the prime rate as reported in The Wall Street Journal minus 3.50% and (ii) 9.25%.

  • Disbursement Rate means an annual rate of interest, as of the date of determination, equal to the greater of (a) eight percent (8%) and (b) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus three hundred (300) basis points; provided, however, that in no event shall the Disbursement Rate exceed eleven and one-half percent (11.5%).

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

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

  • Advance Rates shall have the meaning set forth in Section 2.1(a) hereof.