Maximum Advance Frequency definition

Maximum Advance Frequency twice per calendar month with a Five Hundred Dollar ($500) charge being imposed in connection with the second Advance in any one (1) calendar month. Lender shall have the right to withhold the amount of such charge from such Advance.
Sample 1
Maximum Advance Frequency twice per calendar month with a Five Hundred Dollar ($500) charge being imposed in connection with the second Receivables Advance in any one (1) calendar month. Lender shall have the right to withhold the amount of such charge from such Advance. (dd) P. 4.6. Wire Transfer Fee. Twenty Five Dollars ($25).
Sample 1
Maximum Advance Frequency twice per calendar month with a Five Hundred Dollar ($500) charge being imposed in connection with the second Advance in any one (1) calendar month. Lender shall have the right to withhold the amount of such charge from such Advance. (o) (P)4.6. Wire Transfer Fee: Twenty-Five Dollars ($25.00). (p) (P)5.1, 6. 1. Borrower's Type of Business Organization: Primary Borrower - corporation All Seasons Resorts, Inc. - corporation Powhatan Associates - a joint venture Greensprings Associates - a joint venture MMG Development - corporation. (q) (P)5.1, 6. 1. Borrower's State of Organization: Primary Borrower - Maryland All Seasons Resorts, Inc.- Arizona Powhatan Associates - Virginia Greensprings Associates - Virginia MMG Development - Florida (r) (P)5.3. Borrower's Principal Place of Business: 0000 Xxxx Xxxxxx Xxxxx, Xxxxxxx, Xxxxxxx 00000. (s) (P)5.3. Borrower's Chief Executive Office: 0000 Xxxx Xxxxxx Xxxxx, Xxxxxxx, Xxxxxxx 00000 (t) (P)5.9 Jurisdiction Where Sales and/or Offers to Sell Have Occurred: See Exhibit 5.9 attached hereto. S.4 In addition to the other representations, warranties and covenants of Borrower set forth in the Loan and Security Agreement, Borrower represents, warrants and covenants that each Borrowing Base Report shall be signed by Primary Borrower and the applicable Subsidiary Borrower (if any) and shall contain a representation and warranty of each such Person that all of the information contained therein (including, but not limited to, the sales of Time- Share Interests reported therein, and the Retail Value with respect to the Eligible Completed Project Inventory located at the applicable Time-Share Project) are true, complete and accurate in all material respects. Lender shall be entitled to request copies of sales contracts to provide substantiation as to the actual sales prices of those items of Completed Project Inventory sold by Borrower and requested to be released from the lien of Lender's Mortgage. EXHIBIT A CONDITIONS OF ELIGIBLE COMPLETED PROJECT INVENTORY (a) The applicable Time-Share Project in which such Inventory exists is located in the United States. (b) The applicable Time-Share Project is owned one hundred percent (100%) either by Primary Borrower or by an Affiliate of Primary Borrower which joins in the Loan and Security Agreement as a Subsidiary Borrower thereunder. (c) The Time-Share Association established in connection with the applicable Time-Share Project must be in stable financial condition, as demonstrated to...
Sample 1

Examples of Maximum Advance Frequency in a sentence

  • Advances shall be made no more frequently in any calendar month than the frequency identified in the Schedule as the Maximum Advance Frequency.

  • Such Advances shall be made no more frequently in any calendar month than the frequency identified in the Schedule as the Maximum Advance Frequency.

  • Advances of the Receivables Loan shall be made no more frequently in any calendar month than the frequency identified in the Schedule as the Maximum Advance Frequency.


More Definitions of Maximum Advance Frequency

Maximum Advance Frequency with respect to the Receivables Loan, twice per calendar month with a Five Hundred Dollar ($500) charge being imposed in connection with the second Advance in any one (1) calendar month and with respect to the Working Capital Loan once per calendar month, Lender shall have the right to withhold the amount of such charges from such Advance.
Sample 1
Maximum Advance Frequency. Once per calendar month plus the Acquisition Refinancing Component Advance, if any, and the Interest Reserve Advance, if any, made during such month. There will only be a single Acquisition Refinancing Component Advance.
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Related to Maximum Advance Frequency

  • Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.

  • Maximum Advance Rate means 80.0%.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • 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.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

  • Term Advance has the meaning specified in Section 2.01(a).

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Equipment Advance is defined in Section 2.1.1.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Submitted Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Maximum Loan Rate With respect to each Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Loan Rate thereunder.

  • Revolving Advance has the meaning given in Section 2.1.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the Ratings-Based Applicable Margin is determined in accordance with the definition thereof: 2 0.125 % 3 0.150 % 4 0.200 % 5 0.250 % 6 0.300 % Any change in the applicable Level at which the Ratings-Based Applicable Margin is determined shall result in a corresponding and simultaneous change in the Applicable Facility Fee.

  • Tranche B Advance has the meaning specified in Section 2.01(b).