Formula Advance or “Formula Advances” means a cash advance or cash advances under the Formula Revolving Line.
Formula Advance is defined in Section 2.1.1(a).
Formula Advance or “Formula Advances” is a loan advance (or advances) made pursuant to Section 2.1.1 hereof.
Examples of Formula Advance in a sentence
At any time that the Aggregate Revolving Credit Exposure exceeds the Maximum Revolving Loan Amount (an “Over Formula Advance”), Borrowers shall immediately repay the Revolving Loan to the extent necessary to eliminate the Over Formula Advance.
To assist the Group, on or about July 29, 2022, Waygar authorized an interest only over-advance of $10 million under its loan beyond the normal credit parameters of its loan (hereinafter the Secured Over Formula Advance or “ SOFA Advance”).
More Definitions of Formula Advance
Formula Advance or "FORMULA ADVANCES" means an advance (or advances) made pursuant to Section 2.2(a) hereof.
Formula Advance means an advance pursuant to Section 2.1(b) hereof
Formula Advance means the amount by which the then outstanding Advances under the Revolving Credit Facility exceeds the Borrowing Base. PARTICIPANT has the meaning set forth in SECTION.
Formula Advance or “Formula Advances” means any Advance (or advances) under the Revolving Line other than Non-Formula Advances.
Formula Advance or "FORMULA ADVANCES" is defined in Section 2.1.l(b).
Formula Advance means a cash advance made under Section 2.2(a).
Formula Advance means a Revolving Advance made to Borrower under the Formula Sublimit.