Bridge Advance Cap definition

Bridge Advance Cap means the lesser of (a) Adjusted EBITDA of the Loan Parties on a Consolidated basis for the most recently ended twelve (12) month period for which financial statements have been delivered pursuant to Section 7.01(a) or (b), (b) the greater of (i) $30,000,000 and (ii) 25% of the Commitments of the Banks at such time, (c) 50% of the sum of (i) customer acquisition costs of the Loan Parties, plus (ii) the portion of intangibles of the Loan Parties which relates to Permitted Acquisitions, plus (iii) the portion of goodwill of the Loan Parties which relates to Permitted Acquisitions, in each case, recorded on the most recent balance sheet delivered pursuant to Section 7.01(a) or (b), and (d) fifty percent (50%) of the Embedded Gross Margin then in effect; provided that, in no event shall the Bridge Advance Cap exceed the Maximum Bridge Advance Cap.
Sample 1

Examples of Bridge Advance Cap in a sentence

  • Any complex cases would have to be done manually and estimates should be requested if the TRS/ABS was not available.

Related to Bridge Advance Cap

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Maximum Revolving Advance Amount means $25,000,000.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Term Loan as defined in Section 2.1.

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Revolving Advance has the meaning given in Section 2.1.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Revolving Advances means Advances made other than Letters of Credit.