Examples of Weighted Average Advance Rate in a sentence
The Weighted Average Advance Rate represents the percentage advanced against the dealers’ wholesale price of the equipment.
Totals may not add to 100% due to rounding.Composition of the Receivables as of the Cutoff Date Weighted Average Adjusted APR Average Original Statistical Contract Value (1) The Weighted Average Advance Rate represents the percentage advanced against the dealers’ wholesale price of the equipment.
The Weighted Average Advance Rate represents the percentage advanced against the dealers' wholesale price of the equipment.
Maximum Permitted Amount: An amount equal to the difference between (x) the product of (i) the difference between (A) the aggregate Collateral Value (as calculated using clause (a) of the definition of Market Value Percentage), minus (B) the Term Note Series Invested Amount, and (ii) the Weighted Average Advance Rate with respect to the Variable Funding Notes, minus (y) any amounts necessary to pay down the VFN Principal Balance in order to remove a Borrowing Base Deficiency.
Maximum Availability: At any time, subject to the Minimum Overcollateralization Amount, an amount equal to the product of the Borrowing Base and the Weighted Average Advance Rate, plus the amount on deposit in the Principal Collections Account received in reduction of the Outstanding Loan Balance of any Eligible Loan; provided, however, during the Amortization Period, the Maximum Availability shall be equal to the Advances Outstanding.