Special Advance Amount definition

Special Advance Amount means $1,900,000 during the First Special Advance Period, $2,150,000 during the Second Special Advance Period, and $0 at all other times.

Special Advance Amount means $5,000,000 during the period commencing on the Amendment No. 5 Effective Date through and including December 31, 2017 and $0 at all other times.

Special Advance Amount means (a) for the period commencing on the Fourth Amendment Effective Date and ending on September 1, 2000, the lesser of (i) $500,000 or (ii) 50% of the value (as determined by Lender) of Eligible Unbilled Accounts of Borrower and Video and (b) at all other times, $0.”

Examples of Special Advance Amount in a sentence

• The Special Advance Amount shall be automatically and permanently reduced, without notice, in an amount equal to such prepayment.

• At such time as the Special Advance Amount shall be permanently reduced to $0 and the Term Loan shall have been paid in full, Excess Cash Flow shall be distributed by Borrower (a) 80% to Xxxxxx Investments, Inc.

• Borrower shall pay to Agent for the ratable benefit of the Lenders, a special advance fee of $15,000 payable semi-annually, in advance, commencing on the Closing Date and on each six month anniversary thereof until the Special Advance Amount and the outstanding Special Advances shall have been permanently and irrevocably reduced to $0.

• Following Admission, the Company will comply with the Corporate Governance Guidelines for AIM Companies issued by the Quoted Companies Alliance taking into account the size and nature of the Company and its operations.

• Subject to the terms and conditions of this Agreement, Lender shall, solely during the Special Advance Period, make Revolving Advances constituting Special Advances available to Borrower in an amount not to exceed at any time outstanding the Special Advance Amount.

More Definitions of Special Advance Amount

Special Advance Amount means (w) $1,750,000, prior to December 21, 2010, ----------------------- (x) $1,856,250 from December 21, 2010 through and including January 31, 2011, (y) $1,750,000 from January 15, 2011 through and including March 30, 2011 and (z) $0 on and after March 31, 2011.

Special Advance Amount means an amount equal to (i) $400,000 during the period January 21, 1998 through July 31, 1998, (ii) $600,000 during the period August 1, 1998 through December 31, 1998 and (iii) $0 at all other times.

Special Advance Amount means $500,000.

Special Advance Amount means an amount equal to (i) $1,310,000 during the period January 11, 1999 through March 23, 1999 less the outstanding undrawn amount of the Special Letter of Credit, (ii) $1,910,000 during the period March 24, 1999 through April 13, 1999 less the outstanding undrawn amount of the Special Letter of Credit, and (iii) at all other times, $106,875 if the undrawn amount of the Special Letter of Credit is still outstanding and collateralized by the Special Letter of Credit Collateral and $0 if the Special Letter of Credit is not outstanding or is not collateralized by the Special Letter of Credit Collateral.

Special Advance Amount means (w) $2,400,000 during the First Special Advance Period, (x) during the Second Special Advance Period, the lesser of (I) $1,750,000 and (II) the difference between (a) $2,400,000 and (b) 65% of the net cash proceeds received by Best from the issuance of any Equity Interests, (y) during the Third Special Advance Period, the lesser of (I) $1,000,000 and (II) the difference between (a) $2,400,000 and (b) 65% of the net cash proceeds received by Best from the Successful Equity Offering and (z) $0 at all other times; provided that for the avoidance of doubt, if a Successful Equity Offering has not occurred on or prior to March 31, 2010, the Special Advance Amount shall be $0 at all times on and after such date.

Special Advance Amount is hereby deleted in its entirety.

Special Advance Amount means the lesser of (a) the amount which equals the product of ninety-five percent (95%) of Eligible Finished Goods Inventory and Eligible Raw Materials minus the Borrowing Base Inventory Availability and (b) $5,000,000 during any month of June; $20,000,000 during any month of July; $30,000,000 during any month of August; and $10,000,000 during any month of September; provided, however, (i) upon receipt of Net Cash Proceeds from one or more Asset Sales in an amount of up to $10,000,000 in the aggregate or (ii) if the Commitments are permanently reduced pursuant to Section 3.01, each Special Advance Amount shall be reduced, on a dollar for dollar basis, at such time and for all times thereafter, by the amount of such Net Cash Proceeds or such permanent reduction, as the case may be.