Employee Advances definition

Employee Advances. Borrower shall not make any loans or advances to Employees except in the ordinary course of business and consistent with past practices of Borrower in an aggregate amount not exceeding at any time $5,000.
Sample 1
Employee Advances. Employee advances/loans not to exceed $5,000.00. ADVANCES: Advances under the Revolving Line of Credit will be limited to 80% of eligible accounts receivable less than 90 days olds, plus 50% inventory subject to a 50% cap for inventory. Monthly Borrowing Base and monthly statements will be required once a minimum of $500,000 is outstanding on the Revolver. See attached Exhibit A.
Sample 1
Employee Advances. Loans or advances in the ordinary course of business and consistent with past practices of Borrower, provided that FINOVA shall establish reserves against Borrower's availability under this Agreement to the extent that the aggregate of any such loans or advances to employees outstanding at any one time exceeds $50,000, and provided further that Borrower shall provide FINOVA with prior written notice of any such loan or advance that would cause the aggregate of such loans or advances to exceed $50,000.
Sample 1

Examples of Employee Advances in a sentence

  • Valuation * NSF Clearing Valuation * Credit Bureau Clearing Valuation * Refund Clearing Valuation Employee Advances Valuation Deposits Directly Assigned Other Accounts Receivable Valuation Other Receivables Prepaid Rent Directly Assigned - Tower Leases Prepaid Insurance Valuation Prepaid Eng.

  • Checking 6,730.81 Xxxxxx Xxxxxxx Xxxx Xxxxxx 484.45 Total Checking Savings 5,850.49 Accounts Receivable 131,748.90 Accounts Receivable 131,748.90 Other Current Assets Employee Advances 510.32 Total Other Current Assets 510.32 Total Current Assets 138,109.71 Fixed Assets Computer Equipment 236,039.29 Computers 11,239.38 Office Equipment 3,199.25 Total Fixed Assets 250,477.92 Other Assets Software/Comp.

  • Cash sales 6K billed in April $ 10 Employee Advances - Current $ 21 Accrued P&G Sales - Current $ 199 A/R Coffee Broker Over 180 Past due $ 171 ----- Total A/R $ 2,174 ------- ------- (2) On October 8th and October 12th, $571K and $101K was received from P&G.

  • Employee Advances $1,766.72 is for various employees that have received advances Supplies on Hand $182,556 is for supplies within North Carolina and San Diego.

  • CUSI Prpd Dept 150.00 Accounts Receivable - Other 11,840.61 Accts Rec - Cord Tap Fees 2,000.00 Employee Advances 10,753.33 Inter-Co. Ln - TOGC 2,911,279.14 Inventory - Propane 115,782.00 Deposits - W/C Ins 4,981.00 Prepaid Expenses 6,642.92 Prepaid Insurance 28,141.74 Prepaid Rent 4,083.33 Prepaid Interest 395.10 Prepaid Const.

  • CUSI Prpd Dept 810.00 Accounts Receivable - Other 1,867.80 Employee Advances 11,503.33 Inventory - Propane 102,314.93 Deposits - W/C Ins 4,981.00 Prepaid Expenses 3,501.77 Prepaid Insurance 7,892.33 Prepaid Rent 3,750.04 Prepaid Const.


More Definitions of Employee Advances

Employee Advances. Employee Advances-Colorado", "Employee Advances-Florida", "Intercompany Reynx", "Investment-Officer's Compensation", "Minimum Pension Asset", "Prepaid Sales Commissions (Birmingham, Sentinel, San Diego and Portland)", "Prepaid Taxes-Colorado", and "Post-retirement Benefits (contra-liabilities)" (collectively, the "EXCLUDED BALANCE SHEET ASSETS").
Sample 1
Employee Advances means Seller's advances to and receivables from the Transferred Employees, and excludes any obligations of Transferred Employees to Employee Plans.
Sample 1
Employee Advances and "prepaid income taxes".
Sample 1
Employee Advances means loans or advances to any officer, director, employee or agent with respect to the Business.
Sample 1

Related to Employee Advances

  • or "Advances means a cash advance or cash advances under the Revolving Facility.

  • Protective Advances has the meaning specified therefor in Section 2.3(d)(i) of the Agreement.

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

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

  • Swing Loans each is defined in Section 1.7 hereof.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Protective Advance has the meaning assigned to such term in Section 2.04.

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Nonrecoverable Advances Means, with respect to any Mortgage Loan, (a) any Delinquency Advance or Servicing Advance previously made and not reimbursed pursuant to Section 5.03 of the Sale and Servicing Agreement, or (b) a Delinquency Advance proposed to be made in respect of a Mortgage Loan or REO Property either of which, in the good faith business judgment of the Servicer, as evidenced by an Officer’s Certificate delivered to the Indenture Trustee no later than the Business Day following such determination, would not ultimately be recoverable pursuant to Section 5.03 of the Sale and Servicing Agreement.

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

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

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

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

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

  • Term Loan as defined in Section 2.1.

  • Revolving Credit Advances means advances of principal on the Revolving Credit Loan by the Bank under the terms of this Loan Agreement to the Borrower during the term of the Revolving Credit Loan pursuant to Section 3.1.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

  • 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.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • ABR Loans Loans the rate of interest applicable to which is based upon the ABR.