Real Estate Advance Rate means 50%.
Real Estate Advance Rate means, (i) from and after the Second Amendment Effective Date and until the first anniversary of the Second Amendment Effective Date, sixty (60%) percent, (ii) from and after the first anniversary of the Second Amendment Effective Date and until the second anniversary of the Second Amendment Effective Date, fifty-five (55%) percent, and (iii) from the second anniversary of the Second Amendment Effective Date and thereafter, fifty (50%) percent.
Real Estate Advance Rate means the following percentages during each of the following three- month periods: Period Real Estate Advance Rate Closing Date through November 9, 2009 50 % November 10, 2009 through February 9, 2010 45 % February 10, 2010 through May 9, 2010 40 % May 10, 2010 through August 9, 2010 35 % August 10, 2010 through November 9, 2010 30 % November 10, 2010 through February 9, 2011 25 % February 10, 2011 through May 9, 2011 20 % May 10, 2011 through August 9, 2011 15 % August 10, 2011 through November 9, 2011 10 % November 10, 2011 through February 9, 2012 5 % Thereafter 0 %
More Definitions of Real Estate Advance Rate
Real Estate Advance Rate means as of the Closing Date, sixty (60%) percent, which percentage shall be reduced by one (1) percentage point on the first (1st) day of each Fiscal Quarter, commencing with the first Fiscal Quarter following the date in which the Eligible Real Estate is included in the Borrowing Base.
Real Estate Advance Rate means, as of the Third Restatement Date, fifty (50%) percent; provided that such percentage shall be reduced by five (5%) percent on each anniversary of the Third Restatement Date. For the avoidance of doubt, as of the first anniversary of the Third Restatement Date, the Real Estate Advance Rate shall be forty-five (45%) percent, and subsequent reductions of five (5%) percent shall occur annually thereafter.
Real Estate Advance Rate means the percentages set forth below:
Real Estate Advance Rate. Fifty percent (50%).
Real Estate Advance Rate. Sixty Percent (60%).
Real Estate Advance Rate means 50% from the Closing Date through May 27, 2012, 45% from May 28, 2012 through May 27, 2013 and 40% from the May 28, 2013 through the Maturity Date.
Real Estate Advance Rate means seventy percent (70%).