TARGET ADVANCE RATE means, as of any Calculation Date, 60%.
TARGET ADVANCE RATE means, as of any Calculation Date, the greater of (i) 60% and (ii) the lesser of (x) 112% and (y) the lowest Advance Rate calculated to the date of such Calculation Date pursuant to Section 3.12(a) (and for the calculation of the Target Advance Rate provided in Section 9.17 (a) and (b), also as provided in such subsections).
TARGET ADVANCE RATE means 70%.
More Definitions of TARGET ADVANCE RATE
TARGET ADVANCE RATE means, on any date of determination, the percentage corresponding to the applicable Diversity Score as set forth in the table below:
TARGET ADVANCE RATE means, on any day, 85%.
TARGET ADVANCE RATE means, on any day, [*].
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%.
TARGET ADVANCE RATE means, with respect to the first occurrence of a Deleveraging Event of the type described in clause (b), (c) or (d) of the definition thereof, the Effective Advance Rate at the time of such occurrence minus 5.0%; provided, further, that any subsequent Deleveraging Events of the type described in clause (b), (c) or (d) of the definition thereof shall not further reduce the Effective Advance Rate unless the Reinvestment Period was subsequently re-instated pursuant to clause (ii) of the definition thereof.
TARGET ADVANCE RATE is hereby added to Section 1 of the 97-1 Agreement in the appropriate alphabetical order: