Formula Advances definition

Formula Advances means a cash advance or cash advances under the Formula Revolving Line.
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Formula Advances means an advance (or advances) made pursuant to Section 2.2(a) hereof.
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Formula Advances is a loan advance (or advances) under the Committed Formula Revolving Line.
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Examples of Formula Advances in a sentence

  • Bank will credit the amount of Formula Advances made under this Section 2.1(b) to Borrower’s deposit account.

  • Advance Formula: Advances of the Loan may be measured against a percentage of Eligible Accounts.

  • Bank is authorized to make Formula Advances under this Agreement, based upon instructions received from an Authorized Officer, or without instructions if in Bank’s discretion such Formula Advances are necessary to meet Obligations which have become due and remain unpaid.

  • Borrower may prepay any Formula Advances without penalty or premium.

  • Amounts borrowed pursuant to this Section 2.1(b) may be repaid and reborrowed at any time prior to the Formula Revolving Maturity Date, at which time all Formula Advances under this Section 2.1(b) shall be immediately due and payable.

  • In addition, Bank may, in its sole discretion, charge as Formula Advances any amounts for which Bank becomes liable to third parties in connection with the provision of the Ancillary Services.

  • Subject to and upon the terms and conditions of this Agreement, Borrower may request Formula Advances in an aggregate outstanding principal amount not to exceed the lesser of: (A) the Formula Revolving Line; or (B) the Borrowing Base, less any amounts outstanding under the Ancillary Services Sublimit.

  • Minnesota Relay users have the option of contacting the TAM administrator (800-657- 3599), Minnesota Relay Consumer Relations Office (800-657-3775), Sprint’s 24-hour customer service line (800-676-3777), or the FCC (888-225-5322 voice, 888-835-5322 TTY, or on line at: www.fcc.gov/cgb/complaints.html) to file a complaint or commendation.

  • If the aggregate amount of the outstanding Formula Advances (inclusive of any amounts outstanding under the Ancillary Services Sublimit) exceeds the lesser of the Formula Revolving Line or the Borrowing Base at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

  • Except as set forth in Section 2.3(b), the Formula Advances shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of: (A) 1.75% above the Prime Rate then in effect; or (B) 5.00%.


More Definitions of Formula Advances

Formula Advances is an Advance or Advances under the Formula Line.
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Formula Advances means any Advance (or advances) under the Revolving Line other than Non-Formula Advances.
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Formula Advances is defined in Section 2.1.l(b).
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Related to Formula Advances

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

  • or "Advances means a cash advance or cash advances under the Revolving Facility.

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category.

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

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Protective Advances has the meaning specified therefor in Section 2.3(d)(i) of the Agreement.

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • Overadvance Loan means a Base Rate Loan made when an Overadvance exists or is caused by the funding thereof.

  • Extraordinary Advances has the meaning specified therefor in Section 2.3(d)(iii) of this Agreement.

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Revolving Advance has the meaning given in Section 2.1.

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Revolving Line is an Advance or Advances in an amount equal to Ten Million Dollars ($10,000,000).

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

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

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Line of Credit mean the credit facility described in the Section titled "LINE OF CREDIT" below.

  • Swing Loans each is defined in Section 1.7 hereof.

  • 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.

  • Credit Limit means the total dollar amount of the Account which we approved and which you may borrow against according to the terms of this Agreement.