Common use of Credit Advances Clause in Contracts

Credit Advances. (a) (i) Subject to the terms and conditions set forth herein and in the Ancillary Agreements, Laurus may make revolving credit advances (the "Revolving Credit Advances") to the Company from time to time during the Term which, in the aggregate at any time outstanding, will not exceed the lesser of (x) (I) the Capital Availability Amount minus (II) such reserves as Laurus may reasonably in its good faith judgment deem proper and necessary from time to time (the "Reserves") or (y) an amount equal to (I) the Accounts Availability minus (II) the Reserves. The amount derived at any time from Section 2(a)(i)(y)(I) minus 2(a)(i)(y)(II) shall be referred to as the "Formula Amount".

Credit Advances. (a) (i) Subject to the terms and conditions set forth herein and in the Ancillary Agreements, Laurus may shall make revolving credit advances (the "Revolving Credit Advances") to the Company from time to time during the Term which, in the aggregate at any time outstanding, will not exceed the lesser of (x) (I) the Capital Availability Amount minus (II) such reserves as Laurus may reasonably in its good faith judgment deem proper and necessary from time to time (the "Reserves") or (y) an amount equal to (I) the Accounts Availability minus (II) the Reserves. The amount derived at any time from Section 2(a)(i)(y)(I) minus 2(a)(i)(y)(II) shall be referred to as the "Formula Amount".

Credit Advances. (a) (i) Subject to the terms and conditions set forth herein and in the Ancillary Agreements, Laurus may make revolving credit advances (the "“Revolving Credit Advances"”) to the Company from time to time during the Term which, in the aggregate at any time outstanding, will not exceed the lesser of (x) (I) the Capital Availability Amount minus (II) such reserves as Laurus may reasonably in its good faith judgment deem proper and necessary from time to time to preserve and protect Collateral (the "“Reserves"”) or (y) an amount equal to (I) the Accounts Availability minus (II) the Reserves. The amount derived at any time from Section 2(a)(i)(y)(I) minus 2(a)(i)(y)(II) shall be referred to as the "“Formula Amount"”.

Credit Advances. (a) (i) Subject to the terms and conditions set forth herein and in the Ancillary Agreements, Laurus may shall make revolving credit advances (the "Revolving Credit Advances") to the Company Companies from time to time during the Term which, in the aggregate at any time outstanding, will not exceed the lesser of (x) (I) the Capital Availability Amount minus (II) such reserves as Laurus may reasonably in its good faith judgment deem proper and necessary from time to time (the "Reserves") or (y) an amount equal to (I) the Accounts Availability minus (II) the Reserves. The amount derived at any time from Section 2(a)(i)(y)(I) minus 2(a)(i)(y)(II) shall be referred to as the "Formula Amount".