Maximum Advances definition

Maximum Advances means the maximum aggregate amount of Outstanding Advances, which amount shall not exceed two million dollars ($2,000,000.00), or such other amount as may be determined from time to time by Transfac in its sole discretion.
Sample 1
Maximum Advances is restated as follows:
Sample 1
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.
Sample 1

Examples of Maximum Advances in a sentence

  • By: HX Xxxx Capital Management, LLC, as investment adviser By: Name: Title: Schedule I Allocation Maximum Advances Percentage HX Xxxx Special Opportunities Master Fund, Ltd $ 500,000.00 50.00 % Hydra Management, LLC $ 256,883.42 25.69 % MLCP GLL Funding LLC $ 243,116.58 24.31 % Total $ 1,000,000.00 100.00 % Exhibit A Promissory Note THIS PROMISSORY NOTE (“NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).

  • The Outstanding Principal Amount of all Revolving Credit Advances shall not at any time exceed the Maximum Advances Outstanding and the Outstanding Principal Amount of Revolving Credit Advances made by each Lender shall not exceed such Lender’s Pro Rata Share of the Maximum Advances Outstanding.

  • 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.

  • I DEFINITIONS 1 1.1. Accounting Terms 1 1.2. General Terms 1 1.3. Uniform Commercial Code Terms 34 1.4. Certain Matters of Construction 35 II ADVANCES, PAYMENTS 35 2.1. Revolving Advances 35 2.2. Procedure for Revolving Advances Borrowing 36 2.3. Disbursement of Advance Proceeds 39 2.4. Amortizing Tranche of Formula Amount 39 2.5. Maximum Advances 39 2.6. Repayment of Advances 39 2.7. Repayment of Excess Advances 40 2.8. Statement of Account 40 2.9. Letters of Credit 40 2.10.

  • ADVANCES, PAYMENTS 22 2.1 Revolving Advances 22 2.2 Procedure for Borrowing Advances 23 2.3 Disbursement of Advance Proceeds 25 2.4 Maximum Advances 26 2.5 Repayment of Advances 26 2.6 Repayment of Excess Advances 27 2.7 Statement of Account 27 2.8 Letters of Credit 27 2.9 Issuance of Letters of Credit 28 2.10 Requirements For Issuance of Letters of Credit 29 2.11 Additional Payments 31 2.12 Manner of Borrowing and Payment 31 2.13 Reserved 33 2.14 Use of Proceeds 33 2.15 Defaulting Lender 33 III.

  • 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.

  • 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.

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  • 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).

  • 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.


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.
Sample 1
Maximum Advances means, as of each date of determination, the greatest of:
Sample 1
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.
Sample 1
Maximum Advances means the sum of Xxx Xxxxxxx Xxxxx Xxxxxxx xxx Xxxxx Xxxxx Xxxxxxxx Xxxxxx Xxxxxx Dollars ($1,343,000), which Maximum Advances may be increased only in the sole and absolute discretion of the Lender.
Sample 1

Related to Maximum Advances

  • 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 Rate means 80.0%.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Loans has the meaning set forth in Section 2.1(a).

  • Revolving Loan Outstandings means, at any time of calculation, (a) the then existing aggregate outstanding principal amount of Revolving Loans, and (b) when used with reference to any single Lender, the then existing outstanding principal amount of Revolving Loans advanced by such Lender.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Maximum Loan Rate With respect to each Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Loan Rate thereunder.

  • New Revolving Loans as defined in Section 2.25.

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Revolving Advance has the meaning given in Section 2.1.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).

  • Maximum Revolving Amount means $10,000,000.