Purchase Discount Rate Cap definition

Purchase Discount Rate Cap means a rate equal to eighty-five percent (85%); provided, that the Purchase Discount Rate Cap may be changed at any time by the Administrative Agent, in the exercise of its reasonable business judgment, and, in the case of an increase only, upon satisfaction of the Rating Agency Condition with respect thereto.
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Purchase Discount Rate Cap means a rate equal to eighty-five percent (85%).
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Purchase Discount Rate Cap means a rate equal to eighty-five percent (85%); PROVIDED, that the Purchase Discount Rate Cap may be changed at any time by the Administrative Agent, using its good faith and commercially reasonable credit judgment following a detailed analysis of the Transferred Receivables (or upon receipt of additional information with respect thereto), and, in the case of an increase only, upon satisfaction of the Rating Agency Condition with respect thereto; PROVIDED that, as long as no Termination Event has occurred, the Administrative Agent shall give advance written notice to the Seller with respect to such modification.
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More Definitions of Purchase Discount Rate Cap

Purchase Discount Rate Cap and "Special Limit" and by substituting the following new respective definitions of such terms in lieu thereof:
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Purchase Discount Rate Cap means a rate equal to eighty-two and one-half percent (82.5%) with respect to that portion of the Investment Base which consists of Eligible Receivables other than Xxxx and Hold Receivables and fifty percent (50%) with respect to that portion of the Investment Base which consists of Eligible Receivables which are Xxxx and Hold Receivables; provided, that (i) the Purchase Discount Rate Cap -------- with respect to that portion of the Investment Base which consists of Eligible Receivables other than Xxxx and Hold Receivables shall be reduced to eighty percent (80%) if the Excess Liquidity is less than $5,000,000 on any date during any Amortization Testing Period and (ii) the Purchase Discount Rate Cap with respect to any portion of the Investment Base may be changed at any time at the sole discretion of the Operating Agent, exercised in good faith, and, in the case of an increase only, upon satisfaction of the Rating Agency Condition with respect thereto.
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Purchase Discount Rate Cap means, as of any date of determination, the amount set forth in the table below opposite the applicable Purchase Rate Ratio: Greater than or equal to 1.25x 80.0 % Greater than or equal to 1.00x 75.0 % Greater than or equal to 0.75x 70.0 % Less than 0.75x 65.0 %
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Purchase Discount Rate Cap set forth in Annex X to the Purchase Agreement shall be amended and restated to read as follows:
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Purchase Discount Rate Cap. Receivables Availability", "Related Documents" and "Reserves" and "Unused Facility Fee" and by substituting in lieu thereof the following new respective definitions of such terms:
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Related to Purchase Discount Rate Cap

  • BA Discount Rate means:

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Specified Discount Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Discount Range Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.

  • Resale Discount means the applicable discount off retail rates applied to AT&T-21STATE Telecommunications Services resold by CLEC to its End Users. Any change to the rates, terms and conditions of any applicable retail Tariff is automatically incorporated herein and is effective hereunder on the date any such change is effective.

  • Applicable Discount has the meaning set forth in Section 2.05(a)(v)(C)(2).

  • Specified Discount Prepayment Response means the irrevocable written response by each Term Lender, substantially in the form of Exhibit K, to a Specified Discount Prepayment Notice.

  • Discount Range Prepayment Notice means a written notice of a Borrower Solicitation of Discount Range Prepayment Offers made pursuant to Section 2.05(a)(v)(C) substantially in the form of Exhibit M-4.

  • Discount Range Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Specified Discount Proration has the meaning set forth in Section 2.05(a)(v)(B)(3).

  • Solicited Discounted Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Discounted Prepayment Option Notice has the meaning specified in Section 2.05(d)(ii).

  • Proposed Discounted Prepayment Amount has the meaning specified in Section 2.05(d)(ii).

  • Discount Rate means the rate used by the Plan Administrator for determining the Accrual Balance. The initial Discount Rate is six percent (6%). However, the Plan Administrator, in its discretion, may adjust the Discount Rate to maintain the rate within reasonable standards according to GAAP and/or applicable bank regulatory guidance.

  • Borrower Solicitation of Discount Range Prepayment Offers means the solicitation by any Company Party of offers for, and the corresponding acceptance by a Lender of, a voluntary prepayment of Term Loans at a specified range of discounts to par pursuant to Section 2.05(a)(v)(C).

  • Discount Range Prepayment Offer means the irrevocable written offer by a Term Lender, substantially in the form of Exhibit L, submitted in response to an invitation to submit offers following the Auction Agent’s receipt of a Discount Range Prepayment Notice.

  • Acceptable Discount has the meaning set forth in Section 2.05(a)(v)(D)(2).

  • Prepayment Amount means the amount required to prepay the Annual Special Tax obligation in full for an Assessor’s Parcel as described in Section G.

  • Solicited Discounted Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Discounted Voluntary Prepayment Notice has the meaning specified in Section 2.05(d)(v).

  • Solicited Discounted Prepayment Notice means an irrevocable written notice of a Borrower Solicitation of Discounted Prepayment Offers made pursuant to Section 2.11(a)(ii)(D) substantially in the form of Exhibit N.

  • S&P Discount Factor means for purposes of determining the Discounted Value of any S&P Eligible Asset, the percentage determined by reference to the rating on such asset and the shortest Exposure Period set forth opposite such rating that is the same length as or is longer than the S&P Exposure Period, in accordance with the table set forth below:

  • Specified Discount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Discount Amount means initially $6,549,982; provided that following any issuance of additional Class C(2020-5) Notes in accordance with Section 2.09, the Discount Amount shall mean the amount specified in the Notice of Additional Issuance.

  • Borrower Solicitation of Discounted Prepayment Offers means the solicitation by any Company Party of offers for, and the subsequent acceptance, if any, by a Lender of, a voluntary prepayment of Term Loans at a discount to par pursuant to Section 2.05(a)(v)(D).