Common use of Equipment Advances Clause in Contracts

Equipment Advances. (a) Through December 16, 2005 (the “Equipment Availability End Date”), Bank will make advances (each, an “Equipment Advance” and, collectively, “Equipment Advances”) not exceeding the Committed Equipment Line. The Equipment Advances may only be used to purchase or refinance Equipment within 90 days of the invoice date, or, in the case of the initial advance, purchased on or after September 1, 2004.

Appears in 1 contract

Samples: Loan and Security Agreement (Harmonic Inc)

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Equipment Advances. (a) Through December 1631, 2005 1998 (the "Equipment Availability End Date"), Bank will make advances (each, an “"Equipment Advance" and, collectively, "Equipment Advances") not exceeding the Committed Equipment Line. The Equipment Advances may only be used to purchase or refinance Equipment within 90 days and may not exceed 100% of the equipment invoice datefor the eligible Equipment purchased, orexcluding taxes, in the case of the initial advanceshipping, purchased on or after September 1warranty charges, 2004freight discounts and installation expense.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Imagex Com Inc)

Equipment Advances. (a1) Through December 16March 15, 2005 2003 (the “Equipment Availability End Date”), Bank will make advances (each, individually referred to herein as an “Equipment Advance” and, collectively, and collectively as the “Equipment Advances”) not exceeding the Committed Equipment Line. The Equipment Advances may only be used to purchase or refinance Equipment within 90 days of the invoice date, or, in the case of the initial advance, purchased on or after September 1, 2004.

Appears in 1 contract

Samples: Loan and Security Agreement (Senorx Inc)

Equipment Advances. (a) Through December 16February 6, 2005 1999 (the "Equipment Availability End Date"), Bank will make advances (each, an “"Equipment Advance" and, collectively, "Equipment Advances") not exceeding the Committed Equipment Line. The Equipment Advances may only be used to purchase or refinance finance Equipment within 90 days and may not exceed 100% of the equipment invoice dateexcluding taxes, orshipping, in the case warranty charges, freight discounts and installation expense. Software, lease hold improvements and other soft costs may constitute up to 35% of the initial advance, purchased on or after September 1, 2004aggregate Equipment Advances.

Appears in 1 contract

Samples: Loan and Security Agreement (Talarian Corp)

Equipment Advances. (a) Through December 16March 31, 2005 2004 (the “Equipment Availability End Date”), Bank will make advances (each, an “Equipment Advance” and, collectively, “Equipment Advances”) not exceeding the Committed Equipment Line. The Equipment Advances may only be used to purchase or refinance Equipment within 90 days of the invoice date, or, in the case of the initial advance, purchased on or after September 1, 2004.

Appears in 1 contract

Samples: Loan and Security Agreement (Occam Networks Inc/De)

Equipment Advances. (a) Through December 1631, 2005 1999, (the "Equipment Availability End Date"), Bank will shall make advances (each, an “"Equipment Advance" and, collectively, "Equipment Advances") not exceeding the Committed Equipment Line. The Equipment Advances may only be used to purchase or refinance Equipment within 90 days purchased after June 30, 1999, and may not exceed one hundred percent (100%) of the equipment invoice datefor such Equipment, orexcluding taxes, in the case shipping, warranty charges, freight discounts and installation expense. Software may constitute up to twenty-five (25%) of the initial advance, purchased on or after September 1, 2004aggregate Equipment Advances.

Appears in 1 contract

Samples: Loan and Security Agreement (Object Design Inc)

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Equipment Advances. (a) Through December 16October 13, 2005 1999 (the "Equipment Availability End Date"), Bank will make advances (each, an “"Equipment Advance" and, collectively, "Equipment Advances") not exceeding the Committed Equipment Line. The Equipment Advances may only be used to purchase or refinance finance Equipment within 90 days of the invoice datepurchased no earlier than July 31, or, in the case of the initial advance, purchased on or after September 1, 20041998.

Appears in 1 contract

Samples: Loan and Security Agreement (Cacheflow Inc)

Equipment Advances. (a) Through December 16July 27, 2005 1999 (the "Equipment Availability End Date"), Bank will continue to make advances (each, an “"Equipment Advance" and, collectively, "Equipment Advances") not exceeding the Committed Equipment Line. The Equipment Advances may only be used to purchase or refinance finance Equipment within 90 days and may not exceed 100% of the equipment invoice dateexcluding taxes, orshipping, in the case warranty charges, freight discounts and installation expense. Software may constitute up to 25% of the initial advance, purchased on or after September 1, 2004aggregate Equipment Advances. Each Equipment Advance must be for a minimum of $10,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Inventa Technologies Inc)

Equipment Advances. (a) Through December 16February 15, 2005 1999 (the "Equipment Availability End Date"), Bank will make advances (each, an “"Equipment Advance" and, collectively, "Equipment Advances") not exceeding the Committed Equipment Line. The Equipment Advances may only be used to purchase or refinance finance Equipment within 90 days and may not exceed 100% of the equipment invoice dateexcluding taxes, orshipping, in the case warranty charges, freight discounts and installation expense. Software may constitute up to 100% of the initial advance, purchased on or after September 1, 2004aggregate Equipment Advances.

Appears in 1 contract

Samples: Loan and Security Agreement (Pixelworks Inc)

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