Maximum Advance Amount in respect of each Advance Notice means the greater of: (i) an amount equal to 100% of the average Daily Traded Amount during the five Trading Day immediately preceding an Advance Notice, or (ii) 5,000,000 Common Shares.
Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.
Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.
Examples of Maximum Advance Amount in a sentence
The Company shall, in its sole discretion, select the amount of the Advance, not to exceed the Maximum Advance Amount, it desires to issue and sell to the Investor in each Advance Notice and the time it desires to deliver each Advance Notice.
More Definitions of Maximum Advance Amount
Maximum Advance Amount at any time, the lesser of (1) the Credit Line and (2) the Borrowing Base at such time.
Maximum Advance Amount shall be Five Hundred Thousand Dollars ($500,000) per Advance Notice.
Maximum Advance Amount shall be Three Hundred Thousand Dollars ($300,000) per Advance Notice.
Maximum Advance Amount shall be equal up to Seventy Five Thousand Dollars ($75,000) per Advance Notice.
Maximum Advance Amount. The maximum dollar amount of each Advance will be equal to the average daily trading volume in dollar amount during the ten (10) trading days preceding the Advance Date. No Advance will be made in an amount lower than the Minimum Advance Amount (defined below) or higher than One Hundred Thousand Dollars ($100,000).
Maximum Advance Amount shall be Two Hundred Fifty Thousand U.S. Dollars (US$250,000) per Advance Notice, provided that aggregate Advances in any thirty (30) day period shall not exceed One Million Dollars ($1,000,000).
Maximum Advance Amount shall be One Hundred Forty Thousand Dollars ($140,000) per Advance Notice up to a maximum of Four Hundred Twenty Thousand Dollars ($420,000), in the aggregate, in any thirty-day (30) calendar period.