Common use of ADVANCE FORMULA Clause in Contracts

ADVANCE FORMULA. For and in consideration of Bank making the Formula Loans available to Debtor, Debtor warrants and agrees that the aggregate unpaid principal balance of Debtor's indebtedness to Bank outstanding under the Formula Loans shall not at any time exceed the Advance Formula. The "Advance Formula" shall mean the lesser of (i) the face amount of the Note, or (ii) the sum of the following:

ADVANCE FORMULA. For and in consideration of Bank making the Formula Loans available to Debtor, Debtor warrants and agrees that the aggregate unpaid principal balance of Debtor's indebtedness to Bank outstanding under the Formula Loans shall not at any time exceed the Advance Formula. The "Advance Formula" shall mean the lesser of (i) the face amount of the Note, or (ii) the sum 80% of the following:Debtor's Eligible Accounts, as hereinafter defined.

ADVANCE FORMULA. For and in consideration of Bank making the Formula Loans available to DebtorBorrower, Debtor Borrower warrants and agrees that the aggregate unpaid principal balance of DebtorBorrower's indebtedness to Bank outstanding under the Formula Loans shall not at any time exceed the Advance Formula. The "“Advance Formula" shall mean ” means the lesser of (i) the face amount of the Master Revolving Note, or (ii) the sum of the following:

ADVANCE FORMULA. For and in consideration of Bank Lenders making the Formula Loans available to DebtorBorrower, Debtor Borrower warrants and agrees that the aggregate unpaid principal balance of DebtorBorrower's indebtedness to Bank Agent and Lenders outstanding under the Formula Loans shall not at any time exceed the Advance Formula. The "“Advance Formula" shall mean ” means the lesser of (i) the aggregate face amount of the NoteMaster Revolving Notes, or (ii) the sum of the following: