Maximum Advance Amount definition
Maximum Advance Amount in respect of each Advance Notice means an amount equal to one hundred percent of the average of the Daily Traded Amount during the five 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
Notwithstanding anything to the contrary herein, upon the release of a Release Property in accordance with Section 2.5 hereof, the Maximum Advance Amount shall be reduced by the amount of the unadvanced portion of the Maximum Advance Amount allocated to such Release Property.
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 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 Three Hundred Thousand Dollars ($300,000) per Advance Notice.
Maximum Advance Amount shall be equal up to One Hundred Thousand Dollars ($100,000) 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).