Formula Advance definition

Formula Advance or “Formula Advances” means a cash advance or cash advances under the Formula Revolving Line.
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Formula Advance is defined in Section 2.1.1(a).
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Formula Advance or “Formula Advances” is a loan advance (or advances) made pursuant to Section 2.1.1 hereof.
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Examples of Formula Advance in a sentence

  • Whenever Borrower desires a Formula Advance, Borrower will notify Bank by facsimile transmission, telephone or email no later than 5:30 p.m. Eastern time (4:30 p.m. Eastern time for wire transfers), on the Business Day that the Formula Advance is to be made.

  • Whenever Borrower desires a Formula Advance, Borrower will notify Bank by facsimile transmission, telephone, or email no later than 3:30 p.m. Eastern time (2:30 p.m. Eastern time for wire transfers), on the Business Day that the Formula Advance is to be made.

  • Whenever Borrower desires a Formula Advance, Borrower will notify Bank by facsimile transmission, telephone or email no later than 3:30 p.m. Eastern time (2:30 p.m. Eastern time for wire transfers), on the Business Day that the Formula Advance is to be made.

  • The dollar amount of each Non Formula Advance shall at all times reduce the amount otherwise available for Advances under the Revolving Line.

  • Whenever Borrower desires a Non- Formula Advance, Borrower will notify Bank (which notice shall be irrevocable) by email (or, if permitted by Bank, through the use of an E-System)no later than 3:30 p.m. Eastern time (2:30 p.m. Eastern time for wire transfers) on the Business Day that the Non-Formula Advance is to be made.


More Definitions of Formula Advance

Formula Advance or "FORMULA ADVANCES" means an advance (or advances) made pursuant to Section 2.2(a) hereof.
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Formula Advance means an advance pursuant to Section 2.1(b) hereof
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Formula Advance means a Revolving Advance made to Borrower under the Formula Sublimit.
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Formula Advance or "FORMULA ADVANCES" is defined in Section 2.1.l(b).
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Formula Advance or “Formula Advances” means any Advance (or advances) under the Revolving Line other than Non-Formula Advances.
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Formula Advance means a cash advance made under Section 2.2(a).
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Formula Advance means the amount by which the then outstanding Advances under the Revolving Credit Facility exceeds the Borrowing Base. PARTICIPANT has the meaning set forth in SECTION.
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