Maximum Advances definition

Maximum Advances means the maximum aggregate amount of Outstanding Advances, which amount shall not exceed four million dollars ($4,000,000.00), or such other amount as may be determined from time to time by Transfac in its sole discretion.

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Maximum Advances means, as of any date, the greater of (i) the ---------------- Liquid Security Amount less the Trust Amount or (ii) the aggregate ---- outstanding balance of Advances made pursuant to Advance Requests certifying that after the making of the requested Advance the Coverage Ratio will not be less than 1 to 1.

Maximum Advances means the sum of ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars ($1,343,000), which Maximum Advances may be increased only in the sole and absolute discretion of the Lender.

Examples of Maximum Advances in a sentence

• The Outstanding Principal Amount of Revolving Credit Advances made by each Lender Group shall not exceed the aggregate Pro Rata Share (of the Committed Lenders in such Lender Group) of the Maximum Advances Outstanding.

• Borrowers and Guarantor have informed Lender that one or more Events of Default has occurred under the Credit Agreement, as amended, due to the Borrower's breach as of June 30, 2003 of the following provisions of the Restated Credit Agreement: i) Section 8.1(O) (Minimum Tangible Net Worth); ii) Section 8.1(T) (Operating Income); and, iii) Section 8.2(U) (Maximum Advances to Other Related Entities).

• Each such note shall be (x) in the principal amount of the Pro Rata Share of the Maximum Advances Outstanding of the applicable Lender (or, in the case of a Discretionary Lender, in the principal amount of the aggregate Pro Rata Share (of the Committed Lenders in such Discretionary Lender’s Lender Group) of the Maximum Advances Outstanding, (y) dated as of the date of issuance thereof, and (z) substantially in the form of Exhibit 2.01(a)(ii) (each, a “Revolving Note”).

• ADVANCES, PAYMENTS 59 2.1. Revolving Advances 59 2.2. Procedure for Revolving Advances Borrowing 60 2.3. Disbursement of Advance Proceeds 62 2.4. Swing Loans 62 2.5. Maximum Advances 63 2.6. Repayment of Advances 64 2.7. Repayment of Excess Advances 64 2.8. Statement of Account 65 2.9. Letters of Credit 65 2.10.

• Further, L▇▇▇▇▇▇▇ has no knowledge or belief that the exercise of GSL’s rights under the license granted under section 2 will infringe any Third Party intellectual property rights but rather, believes that the exercise of GSL’s rights under the license granted under Section 2 will not infringe any Third Party intellectual property rights.

• ADVANCES, PAYMENTS 62 2.1. Revolving Advances 62 2.2. Procedure for Revolving Advances Borrowing 63 2.3. Disbursement of Advance Proceeds 65 2.4. Swing Loans 66 2.5. Maximum Advances 67 2.6. Repayment of Advances 67 2.7. Repayment of Excess Advances 68 2.8. Statement of Account 68 2.9. Letters of Credit 68 2.10.

• Procedures for Selection of Applicable Interest Rates for All Advances 4546 2.3. Reserved 4648 2.4. Swing Loans 4748 2.5. Disbursement of Advance Proceeds 4749 2.6. Making and Settlement of Advances 4849 2.7. Maximum Advances 4951 2.8. ▇▇▇▇▇▇ and Repayment of Advances 4951 2.9. Reserved 5052 2.10.

• Any such partial reduction in the Facility Limit shall result in (i) a concurrent reduction in the Maximum Advances Outstanding and (ii) a reduction in each Committed Lender’s Commitment in an amount equal to such Committed Lender’s Pro Rata Share of the amount by which the Aggregate Commitment is being reduced.

• ADVANCES, PAYMENTS 18 2.1. (a) Revolving Advances 18 (b) Discretionary Rights 18 2.2. Procedure for Revolving Advances Borrowing 19 2.3. Disbursement of Advance Proceeds 19 2.4. Term Loan 19 2.5. Maximum Advances 20 2.6. Repayment of Advances 20 2.7. Repayment of Excess Advances 21 2.8. Statement of Account 21 2.9. Additional Payments 21 2.10.

• Procedures for Selection of Applicable Interest Rates for All Advances 46 2.3. Reserved 48 2.4. Swing Loans 48 2.5. Disbursement of Advance Proceeds 49 2.6. Making and Settlement of Advances 49 2.7. Maximum Advances 51 2.8. ▇▇▇▇▇▇ and Repayment of Advances 51 2.9. Reserved 52 2.10.

More Definitions of Maximum Advances

Maximum Advances means, as of any date of determination, the lesser of (a) the Total Commitment then available to Debtor or (b) the sum of (i) the outstanding amount of all extensions of credit made by the Lenders pursuant to any Borrowing Notice (without waiver or amendment) delivered by the Debtor pursuant to the Bank Agreement, as in effect on the date hereof, plus (ii) $5,000,000.

Maximum Advances is restated as follows:

Maximum Advances means, as of each date of determination, the greatest of:

Maximum Advances means the sum of Two Million Five Hundred Thousand Dollars ($2,500,000), which Maximum Advances may be increased only in the sole and absolute discretion of the Lenders.