Revolving Advance has the meaning given in Section 2.1.
Eligible advance means an advance made before August 19, 1993.
PMI Advance As defined in the related Servicing Agreement, if applicable.
Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.
Floating Rate Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.
Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.
Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.
ABR Advance means an Advance which bears interest at the ABR Rate.
Floating Rate Loan means a Loan which bears interest at the Floating Rate.
Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.
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.
Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.
Overadvance Loan means a Base Rate Loan made when an Overadvance exists or is caused by the funding thereof.
Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.
Loan Advance The meaning specified in Section 2.2(a).
Term Advance has the meaning specified in Section 2.01(a).
Tranche A Advance has the meaning specified in Section 2.01(a).
VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.
SOFR Advance means any Loan which, except as otherwise provided in Section 2.10, bears interest at a rate based on Adjusted Term SOFR (other than a Floating Rate Advance as to which the interest rate is determined with reference to Adjusted Term SOFR or a SOFR Market Index Rate Advance).
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 %
U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.
Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.
Revolving Advances means Advances made other than Letters of Credit.
LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.
RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.
Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.