TARGET ADVANCE RATE means, as of any Calculation Date, 60%.
TARGET ADVANCE RATE means, with respect to any day, (i) so long as the Termination Date has not occurred and (a) no Overcollateralization Increase Event has occurred or an Overcollateralization Increase Event has occurred that has been cured, with respect to all Receivables, the lesser of (A) [***]% and (B) the weighted average advance rate of the Contracts relating to such Receivables made by UACC to the Dealers, as of the dates such Contracts were made, minus [***]% or (b)(1) an Overcollateralization Increase Event has occurred that has not been cured, [***]% or (2) on or after the Commitment Termination Date and prior to the Facility Turbo Date, [***]%, or (ii) following the occurrence of the Termination Date, [***]%.
TARGET ADVANCE RATE means, as of any Calculation Date, 30%.
More Definitions of TARGET ADVANCE RATE
TARGET ADVANCE RATE means, on any day, [*].
TARGET ADVANCE RATE means 70%.
TARGET ADVANCE RATE is hereby added to Section 1 of the 97-1 Agreement in the appropriate alphabetical order:
TARGET ADVANCE RATE means, for any Calculation Date, 80%.
TARGET ADVANCE RATE means, for any Calculation Date, 65%.
TARGET ADVANCE RATE in the 98-2 Agreement is hereby amended and restated in its entirety to read as follows:
TARGET ADVANCE RATE means, for any Calculation Date, 50%.