Cash Advance Cap Clause Samples
Cash Advance Cap. No more than a maximum aggregate amount of Six Million Dollars ($6,000,000) shall be funded as a Cash Advance, provided that this amount shall be increased by Two Hundred Fifty Thousand Dollars ($250,000) for each one (1) MW of Projects that Seller has in the FIT Tier 2 active queue for Oahu after confirmation by the PUC and applicable Utility without the imposition of any additional restriction, condition or qualification, up to twelve (12) MW of Projects, such that the Cash Advance Cap may be increased up to a maximum principal amount of Nine Million Dollars ($9,000,000). In no event shall the Cash Advance Cap exceed Nine Million Dollars ($9,000,000).
Cash Advance Cap. The maximum aggregate amount of Cash Advances to be made from Lenders to Seller, with such amount not to exceed $14,802,073.50. Subject to Section 2.2.1(b)(iv), no more than the maximum aggregate amount of $8,369,786.75 of the Cash Advance Cap shall be provided by SPI Lender (“SPI Cash Advance Cap”) and no more than the maximum aggregate amount of $6,432,286.75 shall be provided by HPL Lender (“HPL Cash Advance Cap”). As of the Effective Date, SPI Lender has made Cash Advances to Seller in the aggregate amount of $7,400,277.45 and HPL Lender has made Cash Advances to Seller in the aggregate amount of $5,625,000.00. The Cash Advance Cap may be adjusted from time to time as mutually agreed by Seller, SPI Lender and HPL Lender to take into account cancelled Projects and Additional Projects, as the case may be.
Cash Advance Cap. No more than a maximum aggregate amount of Seven Million Seven Hundred Fifty Thousand Dollars ($7,750,000) shall be funded as a Cash Advance (which amount includes the Two Hundred Fifty Thousand Dollars ($250,000) to be advanced by Buyer pursuant to Section 5.3(b) below), provided that this amount shall be increased by One Million Two Hundred Fifty Thousand Dollars ($1,250,000) upon the advance by Buyer of such sum in connection with the 5MW Project as set forth in Section 5.3(b) below In no event shall the Cash Advance Cap exceed Nine Million Dollars ($9,000,000).
2.2 Section 1.1.