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 the EUR Senior Outstanding Principal Amount, divided by the EUR Collateral Portfolio Amount.

Senior Advance Rate means, as of any Measurement Date (or other applicable date), the ratio (expressed as a percentage) obtained by

Examples of Senior Advance Rate in a sentence

• For purposes of calculating compliance with any tests under this Agreement (including without limitation the Coverage Tests, the Collateral Quality Test, Senior Advance Rate Test and the Concentration Limitations), the trade date (and not the settlement date) with respect to any acquisition or disposition of a Collateral Loan or Eligible Investment shall be used to determine whether and when such acquisition or disposition has occurred.

• The amount of the proposed Utilisation must not exceed the Available Facility, and, immediately after the making of the proposed Utilisation, the Senior Advance Rate Test must be met.

• 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 as of any date of determination, the greater of (i) the effective advance rate as of the initial Increase Date (as defined in the Series 2018-Two Purchase Agreement) and (ii) the effective advance rate for the Series 2018-Two Notes as of such date. .

Senior Advance Rate means, with respect to any Purchased Asset on any date, the figure specified in the Confirmation relating such Purchased Asset.