Advance Rate

Advance Rate. Means: (i) from the Closing Date through the Calculation Date in January 2014, 85%, (ii) from the day after the Calculation Date in February 2014 through the Calculation Date in April 2014, 80%, (iii) from the day after the Calculation Date in April 2014 through the Calculation Date in May 2014, 75%, (iv) from the day after the Calculation Date in May 2014 through the Calculation Date in August 2014, 85%, (v) from the day after the Calculation Date in August 2014 through the Calculation Date in... April 2015, (A) 80% if the Consolidated Leverage is equal to or less than 6.5:1, (B) 75% if Consolidated Leverage is greater than 6.5:1 but equal to or less than 7.0:1, or (C) 65% if the Consolidated Leverage is greater than 7.0:1 but equal to or less than 8.0:1, and (vi) thereafter, (A) 75% if the Consolidated Leverage Ratio is equal to or less than 7.0:1, or (B) 65% if the Consolidated Leverage Ratio is greater than 7.0:1 but equal to or less than 8.0:1. View More

Advance Rate. Eighty percent (80% ), net of Deferred Revenue and offsets related to each specific Account Debtor, or such other percentage as Bank establishes under Section 2.2.

Advance Rate. Defined in the Lender Fee Letter

Advance Rate. Is (i) eighty percent (80%) of EXIM Eligible Foreign Accounts which are hedged and covered by the EXIM working Capital Guarantee Program, and (ii) seventy percent (70%) of the EXIM Eligible Foreign Accounts which are covered by the EXIM working Capital Guarantee Program, provided, however, that with respect to any Account Debtor which is a distributor, the Advance Rate shall be sixty percent (60%)

Advance Rate. Eighty-Five Percent (85%), or such other Percent as may be determined from time to time by Summit in its sole discretion.

Advance Rate. (a) With respect to any First Lien Loan, 70% and (b) with respect to any Second Lien Loan, the lesser of (i) 25% and (ii) the minimum percentage necessary such that the amount of the initial Advance with respect to such Second Lien Loan results in the Adjusted Net Second Lien Leverage Ratio of the related Obligor being less than the threshold determined by the Administrative Agent in its sole discretion for such Obligor at the time of the approval of such Second Lien Loan.

Advance Rate. The definition of "Applicable Percentage" in Section 1.1 of the Loan Agreement is hereby amended and restated to read as follows: "Applicable Percentage" shall equal eight five percent (85%).

Advance Rate. Portfolio Investment Unquoted Quoted Cash and U.S. Government Securities with maturities less than one year 100 % n.a. U.S. Government Securities with maturities greater than one year 95 % n.a. Performing First Lien Bank Loans 85 % 75 % Performing Unitranche Loans 80 % 70 % Performing Second Lien Bank Loans 75 ... % 65 % Performing Cash Pay High Yield Securities 70 % 60 % Performing Cash Pay Secured Bonds 70 % 60 % Performing Cash Pay Mezzanine Securities 65 % 55 % Performing Non-Cash Pay High Yield Securities 60 % 50 % Performing Non-Cash Pay Secured Bonds 60 % 50 % Performing Non-Cash Pay Mezzanine Securities 55 % 45 % Performing Cash Pay Preferred Stock 65 % 55 % Performing Non-Cash Pay Preferred Stock 55 % 45 % Performing Common Equity (and zero cost or penny warrants with performing debt) 30 % 20 % Non-Performing First Lien Bank Loans 0 % 0 % Non-Performing Second Lien Bank Loans 0 % 0 % Non-Performing Cash Pay Mezzanine Securities 0 % 0 % Non-Performing High Yield Securities 0 % 0 % Non-Performing Secured Bonds 0 % 0 % Non-Performing Common Equity 0 % 0 % View More

Advance Rate. Means, as to any Portfolio Investment and subject to (i) adjustment as provided in Section 5.13(a) and (ii) a weighted average Advance Rate not to exceed 65%, the following percentages with respect to such Portfolio Investment: Portfolio Investment Quoted Unquoted Cash, Cash Equivalents and Short-Term U.S. Government Securities 100 % N/A Long-Term U.S. Government Securities 95 % N/A Performing First Lien Bank Loans 75 % 65 % Performing First Lien Covenant Lite Loans 70 % 60 % Performing Second... Out Loans 65 % 55 % Performing First Lien Cash Pay High Yield Securities 65 % 55 % Performing Second Lien Bank Loans 45 % 45 % Performing Second Lien Cash Pay High Yield Securities 45 % 45 % Performing Second Lien Covenant Lite Loans 35 % 35 %. View More

Advance Rate. Advance Rate means eighty percent (80%), or such other percent as may be determined from time to time by Lender in its sole discretion.