Common use of Maximum Advances Clause in Contracts

Maximum Advances. (i) The aggregate face amount of all Financed Receivables outstanding at any time may not exceed the Facility Amount. In addition and notwithstanding the foregoing, (A) the aggregate amount of Advances outstanding at any time may not exceed the Maximum Availability Amount and (B) while Borrower is Streamline Facility Eligible, the aggregate amount of Advances outstanding at any time may not exceed the Availability Amount.

Appears in 2 contracts

Samples: Loan and Security Agreement (InsPro Technologies Corp), Loan and Security Agreement (GigPeak, Inc.)

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Maximum Advances. (i) The aggregate face amount of all Financed Receivables outstanding at any time may not exceed the Facility Amount. In addition and notwithstanding the foregoing, (A) the aggregate amount of Advances outstanding at any time may not exceed the Maximum Availability Amount One Million Dollars ($1,000,000.00), and (B) while Borrower is Streamline Facility Eligible, the aggregate amount of outstanding Advances outstanding may not exceed at any time may not exceed the Availability Amount.

Appears in 1 contract

Samples: Loan and Security Agreement (Zoom Telephonics, Inc.)

Maximum Advances. (i) The aggregate face amount of all Financed Receivables outstanding at any time may not exceed the Facility Amount. In addition and notwithstanding the foregoing, (A) the aggregate amount of Advances outstanding at any time may not exceed the Maximum Availability Amount Amount, and (B) while Borrower is Streamline Facility Eligible, the aggregate amount of Advances outstanding at any time may not exceed the Availability Amount.

Appears in 1 contract

Samples: Loan and Security Agreement (Astea International Inc)

Maximum Advances. (i) The aggregate face amount of all Financed Receivables outstanding at any time may not exceed the Facility Amount. In addition to and notwithstanding the foregoing, (A) the aggregate amount of Advances outstanding at any time may not exceed the Maximum Availability Amount and (B) while Borrower is Streamline Facility Eligible, the aggregate amount of Advances outstanding hereunder based upon Aggregate Eligible Accounts may not exceed at any time may not exceed the Availability Amount.

Appears in 1 contract

Samples: Loan and Security Agreement (SolarEdge Technologies Inc)

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Maximum Advances. (i) The aggregate face amount of all Financed Receivables outstanding at any time may not exceed the Facility Amount. In addition and notwithstanding the foregoing, (A) the aggregate amount of outstanding Advances outstanding at any time may not exceed the Maximum Availability Amount and (B) while Borrower is Streamline Facility Eligible, the aggregate amount of Advances outstanding at any time may not exceed the Availability Amount.

Appears in 1 contract

Samples: Loan and Security Agreement (VirtualScopics, Inc.)

Maximum Advances. (i) The aggregate face amount of all Financed Receivables outstanding at any time may not exceed the Facility Amount. In addition to and notwithstanding the foregoing, (A) the aggregate amount of Advances outstanding at any time may not exceed the Maximum Availability Amount and (B) while Borrower is Streamline Facility Eligible, the aggregate amount of Advances outstanding at any time may not exceed the Availability Amount.

Appears in 1 contract

Samples: Loan and Security Agreement (Vericel Corp)

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