ADVANCE LIMIT Sample Clauses

ADVANCE LIMIT. The sum of the Revolving Advance Limit plus the principal amount of all Term Loans and Acquisition Loans outstanding from time to time, if any, is referred to herein as the Advance Limit.
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ADVANCE LIMIT. The sum of the Revolving Advance Limit PLUS the principal amount of all Term Loans outstanding from time to time, if any, is referred to herein as the ADVANCE LIMIT.
ADVANCE LIMIT. An Advance for a specific Project shall not be less than Five Hundred Thousand Dollars ($500,000) or more than Five Million Dollars ($5,000,000).
ADVANCE LIMIT. The Advance Limit shall not in the aggregate at any time outstanding exceed the lesser of: (i) Seven Million ($7,000,000.00) Dollars; or (ii) The result of the following calculation: (x) eighty-five percent (85%) of the face amount of Borrower's Qualified Accounts Receivable, plus
ADVANCE LIMIT. (Section 1.1) An amount not to exceed the lesser of $45,000,000 (“Maximum Discretionary Line Amount”) or the sum of (a) and (b) below: (a) 85% of the net amount of Client’s Eligible Receivables (as defined in Section 8 above); plus (b) the lesser of (i) 50% of the value of Client’s Eligible Inventory (as defined in Section 8 above) and (ii) 85% of the net orderly liquidation value (as determined by an independent third-party inventory appraisal acceptable to Xxxxx Fargo Century), which is located at Client’s Address, 0000 X.X. 00xx Xxxxxx, Xxxxx [Dorel], Florida and at any other location where Xxxxx Fargo Century has received a signed collateral access agreement in form and substance acceptable to it; provided that the amount under this subsection 1(b) shall not exceed the lesser of (i) 30% of total Advances outstanding at any given time, and (ii) $8,000,000. “Value” of Client’s Eligible Inventory shall mean the lower of cost or wholesale market value thereof, as determined by Xxxxx Fargo Century in its sole discretion. (c) based on the formula set forth in (b) above, the initial advance rates against Inventory by product type as of the date hereof are: Very Kool 20.0% LG 50.0% Samsung 50.0% Other Brands 30.00%
ADVANCE LIMIT. The Revolving Advance Limit also is referred to herein as the Advance Limit.
ADVANCE LIMIT. (Section 1.1) An amount not to exceed the lesser of $3,000,000 or the sum of (a) and (b) below: (a) 85% of the net amount of Client's Eligible Receivables (as defined in Section 8 above); plus (b) 50% of the value of Client's Eligible Inventory (as defined in Section 8 above), which is located at 2201 PARK PLACE, #101, EL SEGUNDO, CA 00000 xxx XXXX, XXX., 00000 XXXXX XXXXXX, XXXXITOS, CA 90703; pxxxxxxx xxxx: (1) the amount under this subsection 1(b) shall not exceed the lesser of (i) the amount under subsection 1(a) above, or (ii) $1,000,000. "Value" of Client's Eligible Inventory shall mean the lower of cost or wholesale market value thereof, as determined by Wells Fargo Century in its sole discretiox."
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ADVANCE LIMIT. Advance Limit means, at any date, the sum of (i) the product of (A) the Purchased Securities Collateral Value, and (B) the then applicable Advance Rate; and (ii) the product of (A) the Other Collateral Value, and (B) the then applicable Advance Rate, all as calculated in the sole discretion of the Bank.
ADVANCE LIMIT. The Advance Limit shall not in the aggregate at any time outstanding exceed the lesser of: (i) Five Million ($5,000,000) Dollars; or (ii) The result of the following calculation:
ADVANCE LIMIT. (Section 1.1) An amount not to exceed the lesser of $3,000,000 or 85% of the net amount of Client's Eligible Receivables (as defined in Section 8 above). ================================================================================
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