Examples of Aggregate Advances in a sentence
Interest on the Aggregate Advances shall be payable in arrears monthly on the Payment Date in respect of the previous Collection Period and on the Facility Termination Date.
The Aggregate Advances reflected by the notations made in Lender's business records shall be conclusive evidence of the principal amount owing and unpaid on the Note.
Lender agrees, subject to the terms and conditions set forth herein, to make Advances to Purchaser (each of which shall be evidenced by the Note) from time to time on a Settlement Date and before the Purchase Termination Date, so long as no Default or Event of Default shall be in existence on such Settlement Date; provided that, immediately after each such Advance is made, the Aggregate Advances will not exceed the Borrowing Base.
Any request for an Advance hereunder by either Borrower, which when added to all Aggregate Advances as of the date of such request is in excess of the Line of Credit Commitment, shall be deemed to be a request for a Discretionary Advance.
In no event may the Interest Rate, or the amount of interest paid on the Aggregate Advances, exceed the maximum rate of interest permitted by law.