Common use of Advance Schedules Clause in Contracts

Advance Schedules. If the Lender elects to make an Advance to the Borrowers, the Borrowers agrees to execute and deliver to the Lender an advance schedule in form and substance acceptable to Lender (each, an “Advance Schedule”). Each Advance Schedule shall be subject to all terms and conditions set forth in this Agreement and shall set forth, in addition to any other matters set forth therein, the following: (i) the “Advance Amount,” which shall be the amount of funds agreed to by the Lender and the Borrowers in the Advance Schedule which the Lender is to advance to or for the benefit of the Borrowers under the Advance Schedule; (ii) the “Collection Amount,” which shall be the amount of funds agreed to by the Lender and the Borrowers in the Advance Schedule which the Borrowers are to remit or cause to be remitted to the Lender with respect to the Advance described in the Advance Schedule (Note: the Collection Amount does not include any Reimbursable Expenses (as defined below) which the Borrowers may owe the Lender with respect to the related Advance or otherwise); (iii) the “Collection Date,” which shall be the date agreed to by the Lender and the Borrowers in the Advance Schedule by which the Borrowers are to cause the Collection Amount described in the Advance Schedule to be remitted in its entirety to the Lender; (iv) the “Collection Account,” which shall be the deposit account into which the Processor is to deposit, via electronic funds transfer, the Borrowers’ collected Credit Card Receivables; and (v) the “Collection Account Bank,” which shall be the bank at which the Collection Account is maintained.

Advance Schedules. If the Lender elects to make an Advance to the BorrowersBorrower, the Borrowers Borrower agrees to execute and deliver to the Lender an advance schedule in form and substance reasonably acceptable to Lender (each, an “Advance Schedule”). Each Advance Schedule shall be subject to all terms and conditions set forth in this Agreement and shall set forth, in addition to any other matters set forth therein, the following: (i) the “Advance Amount,” which shall be the amount of funds agreed to by the Lender and the Borrowers Borrower in the Advance Schedule which the Lender is to advance to or for the benefit of the Borrowers Borrower under the Advance Schedule; (ii) the “Collection Amount,” which shall be the amount of funds agreed to by the Lender and the Borrowers Borrower in the Advance Schedule which the Borrowers are Borrower is to remit or cause to be remitted to the Lender with respect to the Advance described in the Advance Schedule (Note: the Collection Amount does not include any Reimbursable Expenses (as defined below) which the Borrowers Borrower may owe the Lender with respect to the related Advance or otherwise); (iii) the “Collection Date,” which shall be the date agreed to by the Lender and the Borrowers Borrower in the Advance Schedule by which the Borrowers are Borrower is to cause the Collection Amount described in the Advance Schedule to be remitted in its entirety to the Lender; (iv) the “Collection Account,” which shall be the deposit account into which the Processor is to deposit, via electronic funds transfer, the Borrowers’ Borrower’s collected Credit Card Receivables; and (v) the “Collection Account Bank,” which shall be the bank at which the Collection Account is maintained.

Advance Schedules. If the Lender elects to make an Advance to the BorrowersMerchant, the Borrowers Merchant agrees to execute and deliver to the Lender an advance schedule in substantially the form and substance acceptable to Lender of Exhibit A attached hereto (each, an “Advance Schedule”). Each Advance Schedule shall be subject to all terms and conditions set forth in this Agreement and shall set forth, in addition to any other matters set forth therein, the following: (i) the “Advance Amount,” which shall be the amount of funds agreed to by the Lender and the Borrowers Merchant in the Advance Schedule which the Lender is to advance to or for the benefit of the Borrowers Merchant under the Advance Schedule; (ii) the “Collection Amount,” which shall be the amount of funds agreed to by the Lender and the Borrowers Merchant in the Advance Schedule which the Borrowers are Merchant is to remit or cause to be remitted to the Lender with respect to the Advance described in the Advance Schedule (Note: the Collection Amount does not include any Reimbursable Expenses (as defined below) which the Borrowers Merchant may owe the Lender with respect to the related Advance or otherwise); (iii) the “Collection Date,” which shall be the date agreed to by the Lender and the Borrowers Merchant in the Advance Schedule by which the Borrowers are Merchant is to cause the Collection Amount described in the Advance Schedule to be remitted in its entirety to the Lender; (iv) the “Collection Account,” which shall be the deposit account into which the Processor is to deposit, via electronic funds transfer, the Borrowers’ Merchant’s collected Credit Card Receivables; and (v) the “Collection Account Bank,” which shall be the bank at which the Collection Account is maintained.

Advance Schedules. If the Lender elects to make an Advance to the BorrowersBorrower, the Borrowers Borrower agrees to execute and deliver to the Lender an advance schedule in form and substance acceptable to Lender (each, an “Advance Schedule”). Each Advance Schedule shall be subject to all terms and conditions set forth in this Agreement and shall set forth, in addition to any other matters set forth therein, the following: (i) the “Advance Amount,” which shall be the amount of funds agreed to by the Lender and the Borrowers Borrower in the Advance Schedule which the Lender is to advance to or for the benefit of the Borrowers Borrower under the Advance Schedule; (ii) the “Collection Amount,” which shall be the amount of funds agreed to by the Lender and the Borrowers Borrower in the Advance Schedule which the Borrowers are Borrower is to remit or cause to be remitted to the Lender with respect to the Advance described in the Advance Schedule (Note: the Collection Amount does not include any Reimbursable Expenses (as defined below) which the Borrowers Borrower may owe the Lender with respect to the related Advance or otherwise); (iii) the “Collection Date,” which shall be the date agreed to by the Lender and the Borrowers Borrower in the Advance Schedule by which the Borrowers are Borrower is to cause the Collection Amount described in the Advance Schedule to be remitted in its entirety to the Lender; (iv) the “Collection Account,” which shall be the deposit account into which the Processor is Borrower’s Accounts Receivable are to depositbe deposited into, via electronic funds transfer, the Borrowers’ collected Credit Card Receivables; and (v) the “Collection Account Bank,” which shall be the bank at which the Collection Account is maintained.

Advance Schedules. If the Lender elects to make an Advance to the BorrowersMerchant, the Borrowers Merchant agrees to execute and deliver to the Lender an advance schedule in form and substance acceptable to Lender (each, an “Advance Schedule”). Each Advance Schedule shall be subject to all terms and conditions set forth in this Agreement and shall set forth, in addition to any other matters set forth therein, the following: (i) the “Advance Amount,” which shall be the amount of funds agreed to by the Lender and the Borrowers Merchant in the Advance Schedule which the Lender is to advance to or for the benefit of the Borrowers Merchant under the Advance Schedule; ; (ii) the “Collection Amount,” which shall be the amount of funds agreed to by the Lender and the Borrowers Merchant in the Advance Schedule which the Borrowers are Merchant is to remit or cause to be remitted to the Lender with respect to the Advance described in the Advance Schedule (Note: the Collection Amount does not include any Reimbursable Expenses (as defined below) which the Borrowers Merchant may owe the Lender with respect to the related Advance or otherwise); (iii) the “Collection Date,” which shall be the date agreed to by the Lender and the Borrowers Merchant in the Advance Schedule by which the Borrowers are Merchant is to cause the Collection Amount described in the Advance Schedule to be remitted in its entirety to the Lender; (iv) the “Collection Account,” which shall be the deposit account into which the Processor is to deposit, via electronic funds transfer, the Borrowers’ Merchant’s collected Credit Card Receivables; and (v) the “Collection Account Bank,” which shall be the bank at which the Collection Account is maintained.