Examples of Advance Amount in a sentence
No later than ten (10) days after the date hereof, Hxxxxx hereby agrees to make an advance of cash to or for the benefit of Maker in an amount equal to the Advance Amount (the “Advance”), to be evidenced and governed by this Note.
The amount of any Advance shall at least be equal to the least of (w) 1,000,000 AUDs, 1,000,000 CADs, $1,000,000, 1,000,000 Euros or 1,000,000 GBPs, as applicable, (x) the (1) Borrowing Base on such day minus (2) the Advances outstanding on such day, (y) the Foreign Currency Sublimit on such day minus the Foreign Currency Advance Amount on such day and (z) the (1) Facility Amount on such day minus (2) the Advances outstanding on such day before giving effect to the requested Advance as of such date.
Notwithstanding anything to the contrary set forth in Section 2.1(a) hereof or otherwise in this Agreement, the aggregate principal amount of Revolving Advances and Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit less Reserves established hereunder or (b) the Formula Amount.
Commencing on the date that is ninety one (91) days prior to the earliest stated maturity date of any Senior Notes, Borrowers’ Liquidity, as of any date of determination, shall not be less than the sum of (i) the outstanding principal balance of any Senior Notes maturing within ninety one (91) days of the date of determination, plus (ii) 20% of the Maximum Revolving Advance Amount as in effect on such date.