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 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.

Term SOFR Reference Rate means the forward-looking term rate based on SOFR.
Maximum Advance Amount in respect of each Advance Notice means the greater of: (i) an amount equal to 100% of the average Daily Traded Amount during the five Trading Day immediately preceding an Advance Notice, or (ii) 5,000,000 Common Shares.
Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).
Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.