Advances and Charges Sample Clauses

Advances and Charges. 2.1. Upon request of Borrower from time to time during the term hereof, Lender shall loan and advance to Borrower on a revolving basis the amount requested, provided the amount requested does not itself or when combined with the then aggregate outstanding principal amount of all sums previously advanced hereunder, exceed either (a) the sum of (i) seventy-five percent (75%) of the amount of Eligible Accounts of Borrower (less discounts, credits, allowances, service charges, commissions, and freight charges which may be granted to or taken by the account debtors) and (ii) Loan Value of Eligible Inventory of Borrower; or (b) $4,500,000.00. Lender reserves the right at any time and from time to time, upon 10 days advance written notice to Borrower, to change the percentage to be advanced by Lender to Borrower on its Accounts based upon increases in the Dilution of Borrower’s Accounts as determined by Lender’s audits or review of monthly adjustments to Accounts.
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Advances and Charges. 2.1 Upon request of Borrower, from time to time during the term hereof, provided the representations and warranties of paragraph 5. hereof are then true, and so long as no event of default hereunder has occurred and Borrower is in full, faithful and timely compliance with each and all of the covenants, conditions, warranties, and representations, contained in this Agreement or in any other agreement between FCFC and Borrower, FCFC agrees to make advances to Borrower in an amount which when added to the advances then outstanding does not exceed the lesser of the Credit Facility or 65% of the amount of Eligible Accounts of Borrower (less discounts, credits, allowances, service charges, commissions, and freight charges which may be granted to or taken by the account debtors). FCFC may at any time and from time to time change the percentage of Eligible Accounts to be advanced to Borrower. FCFC is hereby authorized to make said advances based upon instructions received from the list of authorized signers attached to this Agreement.
Sample 1
Advances and Charges. 2.1. Upon request of Borrower from time to time during the term hereof, FCFC shall loan and advance to Borrower the amount requested, provided that said amount together with the then outstanding balance of advances previously made does not exceed fifty percent (50%) of the amount of Borrower’s Eligible Accounts (less discounts, credits, allowances, service charges, commissions, and freight charges which may be granted to or taken by the account debtors). FCFC reserves the right at any time and from time to time to change the percentage to be advanced to Borrower.
Sample 1
Advances and Charges. 2.1. Upon request of Borrower from time to time during the term hereof, Lender shall loan and advance to Borrower the amount requested, provided that said amount together with the then outstanding balance of advances previously made does not exceed eighty-five percent (85%) of the amount of Borrower’s Eligible Accounts (less discounts, credits, allowances, service charges, commissions, and freight charges which may be granted to or taken by the account debtors). Upon the occurrence of an Event of Default per Section 10 of this Agreement or if Lender reasonably believes, in the exercise of its best judgment and in good faith, that there has been a Material Impairment in the value of its Collateral or in the prospect of repayment of Borrower's Obligations, Lender reserves the right at any time and from time to time to change the percentage to be advanced to Borrower.
Sample 1
Advances and Charges. 2.1. Upon request of Borrower from time to time during the term hereof, FCFC shall loan and advance to Borrower the amount requested, provided that said amount together with the then outstanding balance of advances previously made does not exceed seventy-five percent (75%) of the amount of Borrower's Eligible Accounts defined as commercial accounts and fifty percent (50%) of the amount of Borrower's Eligible Accounts defined as reseller accounts (less discounts, credits, allowances, service charges, commissions, and freight charges which may be granted to or taken by the account debtors). Eligible Accounts will be net of all credit balance accounts resulting from prepayment of service fees. FCFC reserves the right at any time and from time to time after an Event of Default has occurred, to change the percentage to be advanced to Borrower.
Sample 1

Related to Advances and Charges

  • Interest Fees and Charges 3.1Interest

  • Fees and Charges County will pay the following fees in accordance with the provisions of this Contract. Payment shall be as follows:

  • ADS Fees and Charges The following ADS fees are payable under the terms of the Deposit Agreement:

  • Interest and Charges 7.1 If we do not receive your full payment of the current balance specified in the statement of account on or before the payment due date, you must pay daily interest at the rate of (i) S$3.00 per month or (ii) at the retail interest rate or cash interest rate (where applicable) as set out in the statement of account, whichever is the greater, on:-

  • Loan Charges Neither this Note nor any of the other Loan Documents shall be construed to create a contract for the use, forbearance or detention of money requiring payment of interest at a rate greater than the Maximum Interest Rate. If any applicable law limiting the amount of interest or other charges permitted to be collected from Borrower in connection with the Loan is interpreted so that any interest or other charge provided for in any Loan Document, whether considered separately or together with other charges provided for in any other Loan Document, violates that law, and Xxxxxxxx is entitled to the benefit of that law, that interest or charge is hereby reduced to the extent necessary to eliminate that violation. The amounts, if any, previously paid to Lender in excess of the permitted amounts shall be applied by Lender to reduce the unpaid principal balance of this Note. For the purpose of determining whether any applicable law limiting the amount of interest or other charges permitted to be collected from Borrower has been violated, all Indebtedness that constitutes interest, as well as all other charges made in connection with the Indebtedness that constitute interest, shall be deemed to be allocated and spread ratably over the stated term of this Note. Unless otherwise required by applicable law, such allocation and spreading shall be effected in such a manner that the rate of interest so computed is uniform throughout the stated term of this Note.

  • Outstanding Fees and Charges In the event of termination or non-renewal of this Agreement, the Fund will promptly pay the Transfer Agent all fees and charges for the services provided under this Agreement (i) which have been accrued and remain unpaid as of the date of such notice of termination or non-renewal and (ii) which thereafter accrue for the period through and including the date of the Fund’s Deconversion.

  • Rates and Charges 6.3.1 Wholesale discounts for resold Telecommunications Services offerings are provided in Exhibit A. The Telecommunications Services offerings available for resale but excluded from the wholesale pricing arrangement in the Agreement are available at the retail Tariff, price list, catalog, or other retail Telecommunications Services offering rates. Telecommunications Services available for resale with or without a wholesale discount are subject to Commission-approved change, and any such changes shall apply from the effective date of such change on a going-forward basis only.

  • Costs, Fees and Charges Costs, fees and charges payable pursuant to this Agreement shall be payable by Borrower as and when provided in Section 2 hereof, to Lender or to any other Person designated by Lender in writing.

  • ADVANCES AND INTERIM EXPENSES The Company may pay to the Independent Director all Indemnifiable Expenses incurred by the Independent Director in connection with any Proceeding, including a Proceeding by or in the right of the Company, in advance of the final disposition of such Proceeding, if the Independent Director furnishes the Company with a written undertaking, to the satisfaction of the Company, to repay the amount of such Indemnifiable Expenses advanced to the Independent Director in the event it is finally determined by a court or arbitral body of competent jurisdiction that the Independent Director is not entitled under this Agreement to indemnification with respect to such Indemnifiable Expenses.

  • Taxes and Charges Contractor shall be responsible for payment of all taxes, fees, contributions or charges applicable to the conduct of the Contractor’s business.

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