Maximum Advance Amount definition

Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.
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.

Examples of Maximum Advance Amount in a sentence

  • In addition, if at any time during the term of the Credit Facility the principal amount of all advances should exceed the Maximum Advance Amount, principal on all advances shall accrue interest at a per annum interest rate equal to eighteen (18%) percent or the highest interest rate allowed under applicable state or Federal law, whichever is less (“Default Interest Rate”), and Alloya may, at its option, consider such a Default and/or an Event of Default (both hereinafter defined).

  • Lessee may not elect a six (6) month LIBO Rate with respect to any Quarterly Period expiring during the period beginning on the date hereof and ending on the first Installment Date after the earlier of (i) the Funding Termination Date (as that term is defined in the Building Lease), and (ii) the earliest date on which the Funded Amount equals the Maximum Advance Amount (as that term is defined in the Building Lease).

  • The Advised Line of Credit (Maximum Advance Amount) available to Member is listed in “System” as defined in the Member’s MMA.

  • In the case of a Term Loan, Member shall obtain all advances, not to exceed the Maximum Advance Amount, through written notice (via US Mail, fax transmission or e-mail and which is effective upon receipt) or verbal notice via telephone (effective at the end of the business day of receipt) specifying (i) the amount of such advance; and (ii) when applicable, the purpose for the advance and method of payment.

  • Lessor shall reimburse Lessee for costs and expenses incurred and paid by Lessee for such construction pursuant to the terms of this Section 21; provided, however, in no event will the total of all Advances exceed the Maximum Advance Amount.

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 Eighty Thousand Dollars ($280,000) per Advance Notice up to a maximum of Eight Hundred Forty Thousand Dollars ($840,000), in the aggregate, in any thirty-day (30) calendar period..
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 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 Fifty Thousand U.S. Dollars (US$250,000) per Advance Notice, provided that aggregate Advances in any thirty (30) day period shall not exceed One Million Dollars ($1,000,000).
Maximum Advance Amount. The dollar amount of Common Stock sold to the Investor in each Advance may be up to $250,000, provided that the number of Advance Shares sold in each Advance shall not exceed 200% of the Average Daily Trading Volume. The Maximum Advance Amount may be increased upon mutual written consent of the Company and the Investor. The value of stock issued in each Advance must exceed $3,000 if the stock is not DWAC eligible and cannot be sent electronically in order for the Advance to be accepted by the Investor.