Examples of Receivables Advance Rate in a sentence
Each Borrower consents to any such increases or decreases and acknowledges that decreasing the Receivables Advance Rate or increasing or imposing reserves may limit or restrict Advances requested by Borrowing Agent.
The Receivables Advance Rate may be increased or decreased by Agent at any time and from time to time in the exercise of its Permitted Discretion.
PLUS (d) The face amount of Eligible Receivables (net of Receivables Reserves) multiplied by the Receivables Advance Rate.
Each Borrower consents to any such increases or decreases and acknowledges that decreasing the Receivables Advance Rate or FILO Receivables Advance Rate or increasing or imposing reserves may limit or restrict Advances requested by Borrowing Agent.
Every instrument executed in manner provided by this Bye-law shall be deemed to besealed and executed with the authority of the Board previously given.