Weighted Average Class 3B Advance Rate definition

Weighted Average Class 3B Advance Rate means, as of any date of determination with respect to all Class 3B Loans included in the Aggregate Class 3B Net Collateral Balance, the quotient obtained by dividing (a) the sum of the products obtained by multiplying (i) the Advance Rate of each Class 3B Loan by (ii) such Class 3B Loan’s contribution to the Aggregate Class 3B Net Collateral Balance by (b) the Aggregate Class 3B Net Collateral Balance.
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Related to Weighted Average Class 3B Advance Rate

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Loan Assets included in the Aggregate Adjusted Borrowing Value, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate of each Eligible Loan Asset by (ii) such Eligible Loan Asset’s contribution to the Aggregate Adjusted Borrowing Value and dividing (b) such sum by the Aggregate Adjusted Borrowing Value.

  • Weighted Average means a ratio of the weight of the investment by the financial market participant in an investee company in relation to the enterprise value of the investee company;

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of the Collateral Loans as of such date is less than or equal to seven (7.0) years.