Real Estate Advance Rate means 50%.
Real Estate Advance Rate means the applicable percentage during each time period as set forth below: Period Real Estate Advance Rate Closing Date through July 31, 2013 80% August 1, 2013 through August 31, 2013 77.5% September 1, 2013 through September 30, 2013 75% October 1, 2013 through October 31, 2013 72.5% November 1, 2013 through November 30, 2013 70% December 1, 2013 through December 31, 2013 67.5% January 1, 2014 through January 31, 2014 65% February 1, 2014 through February 28, 2014 62.5% March 1, 2014 through March 31, 2014 60% April 1, 2014 through April 30, 2014 57.5% May 1, 2014 and thereafter 55%
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.
Examples of Real Estate Advance Rate in a sentence
Plus (IV) the lesser of (i) the Fair Market Value of Eligible Real Estate multiplied by the Real Estate Advance Rate, or (ii) the Real Estate Cap.
More Definitions of Real Estate Advance Rate
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 seventy percent (70%).
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 the percentages set forth below:
Real Estate Advance Rate means, as of the Closing Date, seventy (70%) percent, which percentage shall be reduced by one and one-half (1.5%) percent on the first (1st) day of each Fiscal Quarter, commencing with the Fiscal Quarter beginning March 25, 2012.