Definition of Advance Limit. The term 101A "Advance --------------------------- Limit" shall mean the amount of the Revolving Loan up to the lesser of Six Million Dollars ($6,000,000.00) or 55% of the aggregate amount of the total payments due on Borrower's "Eligible Receivables" (as hereinafter defined).
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Samples: Loan, Security and Service Agreement (TFC Enterprises Inc)
Definition of Advance Limit. The term 101A "Advance --------------------------- Limit" shall mean the amount of the Revolving Loan which the Lender may, in its sole and absolute discretion, from time to time make to Borrower, up to the lesser of Six Million Three Hundred Thousand Dollars ($6,000,000.00300,000) or 5520% of the aggregate amount of the total payments due on Borrower's Borrowers "Eligible Receivables" (as hereinafter defined).
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Samples: Security and Service Agreement (Easy Money Holding Corp)
Definition of Advance Limit. The term 101A "Advance --------------------------- Limit" shall mean the amount of the Revolving Loan which the Lender may, in its sole and absolute discretion, from time to time make to Borrower, up to the lesser of Six One Million Dollars ($6,000,000.001,000,000) or 5585% of the aggregate principal amount of the total payments due on Borrower's "Eligible Receivables" (as hereinafter defined).
Appears in 1 contract
Samples: Loan, Security and Service Agreement (Thatlook Com Inc/Nv)
Definition of Advance Limit. The term 101A "Advance --------------------------- Limit" shall mean the amount of the Revolving Loan which Lender may, in its sole and absolute discretion, from time to time make to Borrower, up to the lesser of Six One Million Dollars ($6,000,000.001,000,000.00) or 5580% of the aggregate principal amount of the total payments due on Borrower's "Eligible Receivables" (as hereinafter defined).
Appears in 1 contract
Samples: Loan Security and Service Agreement (Auto Underwriters of America, Inc.)