Examples of Advanced Amount in a sentence
The Special Advance Lender shall be entitled to an amount (the "Unpaid Amount") equal to the applicable Advanced Amount, plus any unpaid interest due and owing with respect thereto, less any repayments thereof made by the Defaulting Lender immediately upon demand.
Advanced Amount Quantity of cash or cash equivalents expressed in a monetary amount given to a driver to cover expenses during a trip.
Licensor will be liable for and shall pay a late charge equal to one and one-half (1.5) times the prime rate in effect as announced by Chase Manhattan Bank, N.A. from time to time on any outstanding balance of the Unpaid Advanced Amount remaining after July 1, 2007, until the entire Advanced Amount has been repaid in full to Licensee.
The reimbursement of the $250,000 will be accomplished by reducing the Advanced Amount by $250,000 such that the Unpaid Advanced Amount hereby is reduced to $9,794,719.
Advanced Amount: The advance required above (also referred to as “the Loan Amount”).