Amount of Advance. Each Advance shall be in a principal amount equal to the aggregate principal amount of PPP Loans pledged by the Borrower to secure that Advance. The amount of any Advance made pursuant to the PPPLF outstanding at any one time shall not exceed the outstanding amount of PPP Loans pledged by the Borrower to secure that Advance.
Appears in 2 contracts
Sources: Paycheck Protection Program Liquidity Facility Agreement, Paycheck Protection Program Liquidity Facility Agreement