Non-Formula Advances. Except as set forth in Section 2.3(b), the Non-Formula Advances shall bear interest, on the outstanding daily balance thereof, at a variable annual rate equal to the greater of (A) 2.00% above the Prime Rate then in effect, or (B) 6.00%.
Non-Formula Advances. Subject to Section 2.3(b), the principal amount outstanding under the Non-formula Revolving Line shall accrue interest at a floating per annum rate equal to the greater of the (i) Prime Rate plus one percent (1.00%) and (ii) four and one-quarter percent (4.25%), which interest shall be payable monthly, in arrears, in accordance with Section 2.3(f) below.
Non-Formula Advances. Subject to Section 2.3(b), the outstanding principal amount of the Non-Formula Advances shall accrue interest at a floating per annum rate equal to one and one-half percentage points (1.50%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.3(d) below.
Non-Formula Advances. If at any time, and so long as, the then outstanding Revolving Obligations are less than or equal to the Committed Non-Formula Revolving Line, Bank will make Advances (“Non-Formula Advances”) in an amount not to exceed the Committed Non-Formula Revolving Line minus the then outstanding Revolving Obligations. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
Non-Formula Advances. Notwithstanding any other provision of the Loan Agreement, no Non-Formula Advances may be requested by Borrower or shall be made by Bank after the date of this Amendment.
Non-Formula Advances. Subject to Section 2.5(b), the principal amount outstanding for each Non-Formula Advance shall accrue interest at a floating per annum rate equal to the Non-Formula Applicable Rate; which interest shall be payable monthly in accordance with Section 2.5(d) below.
Non-Formula Advances. The outstand principal amount of Non-formula Advances shall accrue interest at a per annum rate equal to the margin applicable to formula Advances under the Revolving Line plus one and one-quarter percentage points (1.25%). Interest on the Non-formula Advances shall be paid in arrears on each Interest Payment Date.” The Loan Agreement shall be amended by deleting the following, appearing in Section 6.3(c) thereof, in its entirety:
Non-Formula Advances. All unpaid principal and accrued and unpaid interest on each Non-Formula Advance is due and payable in full on the earliest of (i) the third (3rd) Business Day after the funding date of such Non-Formula Advance or (b) the Non-Formula Maturity Date (including any early termination).
Non-Formula Advances. (a) Bank will make advances ("Non Formula Advance" and, collectively, "Non Formula Advances") not exceeding the Committed Non Formula Line through the Non Formula Maturity Date when all outstanding Non Formula Advances plus all accrued interest will be due and payable. Non Formula Advances, when repaid may be reborrowed.
Non-Formula Advances. If at any time, and so long as, the then outstanding Revolving Obligations maximize the Formula Line Availability, Bank will make Advances (“Non-Formula Advances”) not exceeding the amount calculated as the Committed Non-Formula Revolving Line minus the sum of any portion of the following not reserved against the Formula Line Availability: (x) FX Reserve, plus, (y) the CMS Reserve, plus, (z) the L/C Reserve. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
