Net Advance Rate definition

Net Advance Rate. 80%The sum of eighty percent (80%) and the Excess Spread Advance Rate Adjustment.
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Net Advance Rate. On any day, the percentage equivalent of a fraction, the numerator of which is the Borrowing Base on such day and the denominator of which is the Outstanding Balance of all Purchased Contracts on such day.
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Net Advance Rate. The sum of eighty percent (80%) and the Excess Spread Advance Adjustment. Nonconforming Contract: Defined in Section 6.2(c)(ii).
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Examples of Net Advance Rate in a sentence

  • On any date of determination, the amount, if any, by which (a) the product of (i) the Net Advance Rate and (ii) the Aggregate Outstanding Eligible Loan Net Balance as of such date, exceeds (b) the product of (i) 50% and (ii) the Outstanding Balance of Eligible Contracts as of such date minus the Outstanding Balance of Defaulted Contracts as of such date.

  • Net Advance Rate: 69% Net Loan Balance: With respect to any Loan, the excess of the related Outstanding Balance over the related Loan Loss Reserve.

  • On any date of determination, the product of (i) the Aggregate Outstanding Eligible Loan Net Balance and (ii) the Net Advance Rate.

  • On any date of determination, (a) the product of (i) the Aggregate Outstanding Eligible Loan Balance and (ii) the Net Advance Rate, minus (b) the Overconcentration Loan Amount.


More Definitions of Net Advance Rate

Net Advance Rate has the meaning set forth in the Advance Rate definition.
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Net Advance Rate. 80%; provided, that if, on any Payment Date, the Three Month Weighted Average Customer Node for such Payment Date is higher than 2.6 and the Three Month Weighted Average Original Term to Maturity for such Payment Date is less than 50 months, then the “Net Advance Rate” shall be reduced to 70% and shall continue to be 70% until such time (if any) as the Three Month Weighted Average Customer Node for any Payment Date is equal to or lower than 2.6 or the Three Month Weighted Average Original Term to Maturity for the same Payment Date is equal to or greater than 50 months, at which time the “Net Advance Rate” shall increase to 80% (until such time, if any, as the “Net Advance Rate” is again reduced in accordance with the terms of this definition).
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Related to Net Advance Rate

  • Maximum Advance Rate means 80.0%.

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

  • 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.

  • Applicable Commitment Fee Rate means:

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;