Minimum Advance Amount shall be Five Thousand Dollars ($5,000) per Advance Notice.
Minimum Advance Amount means $1,000,000.
Minimum Advance Amount means the amount designated in the signature area below as the Minimum Advance Amount.
Examples of Minimum Advance Amount in a sentence
Subject to the terms and conditions of this Agreement, from and after the Closing Date, Borrower may request Advances (each such event, a “Borrowing”) for any Business Day during the Revolving Period (each such date, a “Funding Date”) in amounts not less than the Minimum Advance Amount.
More Definitions of Minimum Advance Amount
Minimum Advance Amount shall be Ten Thousand Dollars ($10,000) per Advance Notice.
Minimum Advance Amount shall have the meaning provided in Section 2 of the Loan and Security Agreement.
Minimum Advance Amount. Two Hundred Fifty Thousand Dollars ($250,000.00).
Minimum Advance Amount shall be Ten Thousand Dollars ($10,000) per Advance Notice. In the event the Base Amount (as defined in Section 1.22) is less than the Minimum Amount, the Base Amount shall equal the Minimum Amount.
Minimum Advance Amount means, (i) with respect to the Initial Advance Date, an amount equal to the Aggregate Discounted Receivables Balance (calculated as of such Initial Advance Date) of substantially all of the Receivables originated or purchased by the Seller and any of its Affiliates, and not previously sold by the Seller and any of its Affiliates, prior to the Initial Cut-Off Date times the Advance Rate and (ii) with respect to any Advance Date occurring on or after the Closing Date, an amount equal to the product of (x) the Aggregate Discounted Receivables Balance (calculated as of such Advance Date) of the Receivables originated or purchased by the Seller and any of its Affiliates during the Funding Measuring Period related to such Advance Date (whether or not subject to the Agreement or this Supplement and rounded down to the nearest whole number of such Receivables) times (y) the Advance Rate.
Minimum Advance Amount means (a) with respect to the first Notice of Borrowing under the Revolving Credit Facility (the "First Notice of Borrowing"), the sum of $2,000,000, representing the minimum Advance which may be requested by Borrower under the First Notice of Borrowing; and (b) with respect to each Notice of Borrowing after the First Notice of Borrowing, the principal sum of $250,000, representing the minimum Advance which may be requested by Borrower under the Revolving Credit Facility after the First Notice of Borrowing.
Minimum Advance Amount means $37,500.00. “Monthly Debt Service Payment Amount” shall mean on each Monthly Payment Date through and including the Maturity Date, an amount equal to the interest accruing on the Outstanding Principal Balance at the Applicable Interest Rate (or at the Default Rate, as applicable) for the immediately preceding Interest Period, which interest shall be calculated in accordance with Section 2.2. “Monthly Payment Date” shall mean the ninth (9th) calendar day of each calendar month during the term of the Loan, and if such day is not a Business Day, then the Business Day immediately preceding such day. “Mortgage” shall mean that certain Supplemental Building Loan Mortgage, Assignment of Leases and Rents and Security Agreement, dated as of the Closing Date, executed and delivered by Borrower as security for the Loan and encumbering the Property in the amount of the Supplemental Building Loan Upsize Amount. “Note” shall have the meaning set forth in Section 2.1.3. “Obligations” shall mean, collectively, Xxxxxxxx’s obligations for the payment of the Debt and the performance of all obligations of Borrower contained in the Loan Documents. “Original Building Loan” shall have the meaning set forth in the recitals hereto. “Original Closing Date” shall have the meaning set forth in the recitals hereto. “Original Loan” shall have the meaning set forth in the recitals hereto. “Original Senior Loan Agreement” shall have the meaning set forth in the recitals hereto. “Original Senior Loan” shall have the meaning set forth in the recitals hereto. “Original Supplemental Loan” shall have the meaning set forth in the recitals hereto. “Outstanding Principal Balance” means, as of any date, the then outstanding principal balance of the Loan. -7- “Pro Forma Debt Service” shall mean, for any date of determination the product of (a) the Outstanding Principal Balance multiplied by (b) a notional annual rate of interest equal to the sum of (x) the average rate shown on the one-month USD SOFR Forward Curve (as published by Chatham Financial or another similar firm selected by Administrative Agent) for the period of twelve full calendar months following such date of determination plus (y) the