Net Advance Rate definition

Net Advance Rate. The sum of eighty percent (80%) and the Excess Spread Advance 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.

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

  • On any Payment Date during the Revolving Period, an amount equal to the Capital divided by 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.

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


More Definitions of Net Advance Rate

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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Net Advance Rate has the meaning set forth in the Advance Rate definition.
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Related to Net Advance Rate

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

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

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