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 in respect of each Advance Notice means an amount equal to 200% of the average of the Daily Traded Amount during the five Trading Days immediately preceding an Advance Notice.
Examples of Maximum Advance Amount in a sentence
Pursuant to the Eighth Supplemental Agreement, Yorkville agreed to advance $62,032,000 to the Company (the “ Eighth Supplemental Advance”) and waive certain terms (including waiver of the Maximum Advance Amount) and conditions set forth in the PPA with respect to such Supplemental Advance.
BACKGROUND (A) On July 20, 2022, the parties entered into that Pre-Paid Advance Agreement (the “Pre-Paid Advance Agreement”) pursuant to which the Company may, provided that the conditions precedent to a Pre-Paid Advance set forth in Section 2.02 are then satisfied, request a Pre-Paid Advance in an amount not to exceed the Maximum Advance Amount from the Investor by providing a written Request.
More Definitions of Maximum Advance Amount
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 shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.
Maximum Advance Amount in respect of each Advance Notice means the greater of: (i) an amount equal to 100% of the average Daily Traded Amount during the five Trading Day immediately preceding an Advance Notice, or (ii) 5,000,000 Common Shares.
Maximum Advance Amount shall be Two Hundred Thousand Dollars ($200,000) 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 shall be One Hundred Fifty Thousand Dollars ($150,000) per Advance Notice up to a maximum of Six Hundred Thousand Dollars ($600,000) in any thirty (30) day period.