Maximum Advance Amount definition
Maximum Advance Amount in respect of each Advance Notice shall mean an amount equal to 100.0% of the average of the Daily Traded Amount during the five consecutive Trading Days immediately preceding an Advance Notice.
Maximum Advance Amount means (A) in respect of each Advance Notice delivered by the Company pursuant to Section 3.01(a) of this Agreement, an amount equal to one hundred percent (100%) of the average of the Daily Traded Amount during the five consecutive Trading Day immediately preceding an Advance Notice, and (B) in respect of each Advance Notice deemed delivered by the Company pursuant to an Investor Notice, the amount selected by the Investor in such Investor Notice, which amount shall not exceed the limitations set forth in Section 3.02 of this Agreement.
Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.
Examples of Maximum Advance Amount in a sentence
The Bank, shall, on the terms and subject to the conditions hereinafter set forth, collectively lend the Borrower from time to time during the Draw Period, an aggregate amount not to exceed at any time the Maximum Advance Amount (the “Loan”).
Within the limits of the Maximum Advance Amount, the Borrower may request one or more Advances and borrow, repay, and reborrow under this Section 2.01.
More Definitions of Maximum Advance Amount
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.
Maximum Advance Amount at any time, the lesser of (1) the Credit Line and (2) the Borrowing Base at such time.
Maximum Advance Amount shall be Five Hundred Thousand Dollars ($500,000) per Advance Notice.
Maximum Advance Amount shall be Three Hundred Thousand Dollars ($300,000) per Advance Notice.
Maximum Advance Amount. The maximum dollar amount of each Advance will be equal to the average daily trading volume in dollar amount during the ten (10) trading days preceding the Advance Date. No Advance will be made in an amount lower than the Minimum Advance Amount (defined below) or higher than One Hundred Thousand Dollars ($100,000).
Maximum Advance Amount means, as of any date of determination, an amount equal to the Maximum Advance Rate, multiplied by the Net Eligible Receivables Balance as of such date.
Maximum Advance Amount shall be the greater of (1) $25,000 and (2) the average of the Daily Value Traded for the 5 Trading Days prior to the Advance Notice Date where Daily Value Traded is the product obtained by multiplying the daily trading volume for such day be the VWAP for such day. Notwithstanding the forgoing, the Maximum Advance Amount shall not exceed $150,000.