Senior Advance Rate definition
Senior Advance Rate means, as of any Measurement Date (or other applicable date), the ratio (expressed as a percentage) obtained by dividing:
Senior Advance Rate means, as of any Measurement Date (or other applicable date), the ratio (expressed as a percentage) obtained by
Senior Advance Rate means the EUR Senior Outstanding Principal Amount, divided by the EUR Collateral Portfolio Amount.
Examples of Senior Advance Rate in a sentence
For the avoidance of doubt, the Senior Agent will be entitled to rely on the confirmation given by the Borrower pursuant to paragraph (B) of Clause 5.2 (Further conditions precedent) as to the satisfaction of the Senior Advance Rate Test.
For the avoidance of doubt, the Senior Agent will be entitled to rely on the confirmation given by the Borrower pursuant to paragraph (B) of Clause 5.2 (Further conditions precedent) as to the satisfaction of the Senior Advance Rate Test.
More Definitions of Senior Advance Rate
Senior Advance Rate shall be calculated using, (1) for (a) any Collateral Loan that is not a Defaulted Loan, Long Dated Loan or Current Pay Obligation and has a current Market Value of less than 95% of its par amount and (b) Current Pay Obligations up to 5.0% of Total Capitalization that have a current Market Value of less than 95% of their respective par amount (measured separately with respect to each Current Pay Obligation), the lesser of the Market Value and the purchase price of such Collateral Loan and (2) for any Collateral Loan that is not included in clause (1) above (including, for the avoidance of doubt, Current Pay Obligations in excess of 5.0% of Total Capitalization), the method of calculation set out in the definition of Principal Collateralization Amount, and (z) the Borrower gives at least two Business Days’ notice of such distribution to the Agents and S&P. For the avoidance of doubt, the foregoing conditions will not apply to any acquisitions of any new Collateral Loans by the Borrower from the Parent or any Affiliate of the Parent.
Senior Advance Rate means the greater of (i) [*****]% and (ii) the stated advance rate for the Series 2018-One Notes under the Series 2018-One Purchase Agreement as of the date of any amendment thereto effecting an increase in the stated advance rate.
Senior Advance Rate means, with respect to any Purchased Asset on any date, the figure specified in the Confirmation relating such Purchased Asset.