Advance Amount Clause Samples
The Advance Amount clause defines the specific sum of money that a lender agrees to provide to a borrower upfront under a financing or loan agreement. This clause typically outlines the total principal available for disbursement, the timing of the advance, and any conditions that must be met before the funds are released, such as completion of documentation or satisfaction of pre-funding requirements. By clearly stating the amount and terms of the advance, this clause ensures both parties understand the financial commitment involved and helps prevent disputes over the initial funding provided.
Advance Amount. Subject to the terms and conditions contained in this Agreement, advances will be made in exactly the amount I request.
Advance Amount. Subject to the terms and conditions contained in this Agreement, Advances will be made in the amount requested by Borrower.
Advance Amount. The number of Advance Shares the Company is requesting is _____________________.
Advance Amount. The aggregate amount of the requested Advance is not less than the lesser of Twenty Five Thousand Dollars ($25,000) or the unborrowed balance of the Borrowing Base and shall be in multiples of Twenty Five Thousand Dollars ($25,000); and
Advance Amount. Subject to the terms and conditions of this Agreement, each Lender will make its Pro Rata Share of the Term Advance to Borrower on the Closing Date. The proceeds of the Term Advance shall be first used to repay in full all amounts outstanding under that certain Loan and Security Agreement by and between Borrower and East West Bank dated as of September 15, 2011, with the remaining amount being transferred to Borrower by wire transfer to such account as Borrower specifies in writing to Administrative Agent.
Advance Amount. In consideration for the respective promises and covenants of the Seller contained herein, including the Delivery by the Seller to the Purchaser of Finished Cobalt, the Purchaser hereby agrees to pay, and the Seller hereby agrees to accept, the Advance Amount at the Closing in cash as a deposit in respect of the Cobalt Purchase Price. Payment of the Advance Amount shall be made without any deduction, withholding, charge or levy for or on account of any Taxes. The Seller will provide wire transfer instructions and bank account information for the Advance Amount to the Purchaser at least three Business Days in advance of the Closing Date.
Advance Amount. The Advance Amount shall bear interest from the first date of the Interest Payment Period until such amount is paid in its entirety at a rate per annum equal to nine and one-half percent (9.5%).
Advance Amount. NeoMedia will deliver to Mobot, and Mobot will receive from NeoMedia, an amount equal to Five Hundred Thousand Dollars ($500,000) in cash (the "Advance Amount") within twenty four (24) hours of the execution of this Agreement.
Advance Amount. The amount of the Second Amended and Restated Closing Date Advance shall be equal to the lesser of (I) $35,000,000 and (II) forty-five percent (45.0%) of the aggregate Lender Valuation of the Subject Policies related to the Second Amended and Restated Closing Date Advance, together with (at the Borrower’s request) the amount of the Structuring Fee, the Amendment Fee, any costs and expenses incurred by or on behalf of the Lenders and the Administrative Agent in connection with the Second Amended and Restated Closing Date Advance and this Agreement (including, without limitation, attorneys’ fees and any fees of the Insurance Consultant), and any attorneys' fees incurred by the Borrower in connection with the Second Amended and Restated Closing Date Advance and this Agreement.
Advance Amount. The amount of each Advance
(a) shall not in the case of each Advance, be less than $1,000,000 in principal amount (unless otherwise consented to in writing by the Lender); and
(b) shall equal the outstanding principal balance of all Eligible Loans to be pledged to the Collateral Agent for the benefit of the Lender in connection with such Advance.