Advance Amount definition

Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

Advance Amount means, with respect to any Asset for which any Liquidation Proceeds are received, the product of (i) the Maximum Advance Rate and (ii) the Collateral Balance of such Asset immediately prior to the sale or payment that gave rise to such Liquidation Proceeds.

Advance Amount has the meaning set forth in the Collateral Valuation Schedule.

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.

More Definitions of Advance Amount

Advance Amount means, as of any date of determination under the Overcollateralization Test (as described in this Section 1), (a) the sum for all Eligible Investments of the product of (i) the Market Value (determined as described in Section 4 below) of such Eligible Investment (determined as described in Section 2 below) and (ii) one minus the Margin Requirement for such Eligible Investment minus (b) the Unpaid Amount as of such date.

Advance Amount means with respect to the Receivables, an amount not to exceed the lesser of (i) the excess of the Maximum Invested Amount over the Invested Amount of the Note as of such Funding Date; and (ii) the excess of the Net Borrowing Base (taking into account the amount of the Receivables to be purchased on such Funding Date) over the Invested Amount of the Note as of such Funding Date.

Advance Amount. With respect to any Advance under the Variable Funding Certificate and any Funding Date, subject to the terms and conditions hereof, an amount equal to the product of (a) the Advance Rate and (b) the Borrowing Base.

Advance Amount means, as of any date of determination, the amount equal to the least of:

Advance Amount means, at any date of determination, subject to Section 1.8, the lower of (i) the Senior Advance Amount calculated using the Xxxxx'x Valuation Procedures and (ii) the Senior Advance Amount calculated using the S&P Valuation Procedures.

Advance Amount means, as of any date, the amount of the Holder Advance made by a Holder pursuant to Section 2.2(a) of the Participation Agreement and evidenced by a Certificate, less any redemptions of the Holder Advance pursuant to Article IV of the Trust Agreement.

Advance Amount means the amount established pursuant to Section 2.3.