Examples of Availability Advance in a sentence
After giving effect to any Xxxxxxxx Xxxx Event Advance or Increased Availability Advance, no Borrowing Base Deficiency will exist (and the Administrative Agent shall have received an Additional Advance Request and a Monthly Report demonstrating the foregoing).
In addition to satisfying all of the conditions precedent to the making of an Advance, as a condition of an Availability Advance, Borrower shall deliver to Lender a Request for Availability Advance substantially in the form and substance of Exhibit U attached hereto, together with such other items which are reasonably necessary to determine satisfaction of the conditions precedent thereto.
In addition to satisfying all of the conditions precedent to the making of an Advance, as a condition of an Availability Advance, Borrower shall deliver to Lender a Request for Availability Advance substantially in the form and 24 substance of Exhibit U attached hereto, together with such other items which are reasonably necessary to determine satisfaction of the conditions precedent thereto.
Any Advance made against an Instrument substituted pursuant to paragraph 3.2 shall be deemed to be an Additional Availability Advance; provided, however, that the substitution of an Eligible Instrument for an ineligible Instrument pursuant to paragraph 3.2 shall not be deemed to be the making of an Initial Availability Advance or Additional Availability Advance.
Buyer may only submit a Margin Availability Advance request in respect of a particular Purchased Asset no more than one (1) time per calendar month.
Borrower will pay to Lender, at the time of any Advance, a fee ("Availability Fee") equal to one percent (1.0%) of the amount of such Advance which constitutes an Availability Advance.
Borrower will pay to Lender, at the time of any Advance, a fee ("Availability Fee") equal to the product of the percentage identified in the Schedule as the Availability Fee Percentage times the portion of such Advance which constitutes an Availability Advance.
Borrower will pay to Lender, at the time of any Advance of the Receivables Loan, a fee ("Availability Fee") equal to the product of the percentage identified in the Schedule as the Availability Fee Percentage times the portion of such Advance which constitutes an Availability Advance.
In any month with more than two New Collateral Advances or more than one Availability Advance, each additional Advance (after the two New Collateral Advances or one Availability Advance, as applicable) will require Borrower to pay to Lender an administrative fee equal to the greater of (i) $500 or (ii) 1/4 of 1% of the amount of the Advance.
In connection with any funding of a Margin Availability Advance pursuant to this Article 3(j), Buyer and Seller shall modify the existing Confirmation for the applicable Transaction to set forth the new Advance Rate and outstanding Purchase Price for such Purchased Asset.