Minimum Advance Amount definition

Minimum Advance Amount shall be Five Thousand Dollars ($5,000) per Advance Notice.

Minimum Advance Amount means $1,000,000.

Minimum Advance Amount means the amount designated in the signature area below as the Minimum Advance Amount.

Examples of Minimum Advance Amount in a sentence

• Advances shall be made in amounts not less than the amounts identified in the Schedule as the Minimum Advance Amount.

• Advances of the Receivables Loan shall be made in amounts not less than the amounts identified in the Schedule as the Minimum Advance Amount.

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• Subject to the terms and conditions of this Agreement, from and after the Closing Date, Borrower may request Advances (each such event, a “Borrowing”) for any Business Day during the Revolving Period (each such date, a “Funding Date”) in amounts not less than the Minimum Advance Amount.

• Prior to the end of the Loan Term, the Borrower may request Advances (in amounts not less than the Minimum Advance Amount) or Letters of Credit, and any Advances which the Bank makes and the Borrower repays may be reborrowed, provided that, at no time shall an Advance be accepted or Letter of Credit be issued, if upon such Advance or issuance of such Letter of Credit, the Outstanding Principal Balance shall exceed the lesser of the Maximum Amount or the aggregate Borrowing Power of the Collateral.

More Definitions of Minimum Advance Amount

Minimum Advance Amount shall be Ten Thousand Dollars ($10,000) per Advance Notice.

Minimum Advance Amount. Two Hundred Fifty Thousand Dollars ($250,000.00).

Minimum Advance Amount means, (i) with respect to the Initial Advance Date, an amount equal to the Aggregate Discounted Receivables Balance (calculated as of such Initial Advance Date) of substantially all of the Receivables originated or purchased by the Seller and any of its Affiliates, and not previously sold by the Seller and any of its Affiliates, prior to the Initial Cut-Off Date times the Advance Rate and (ii) with respect to any Advance Date occurring on or after the Closing Date, an amount equal to the product of (x) the Aggregate Discounted Receivables Balance (calculated as of such Advance Date) of the Receivables originated or purchased by the Seller and any of its Affiliates during the Funding Measuring Period related to such Advance Date (whether or not subject to the Agreement or this Supplement and rounded down to the nearest whole number of such Receivables) times (y) the Advance Rate.

Minimum Advance Amount shall have the meaning provided in Section 2 of the Loan and Security Agreement.

Minimum Advance Amount shall be Ten Thousand Dollars ($10,000) per Advance Notice. In the event the Base Amount (as defined in Section 1.22) is less than the Minimum Amount, the Base Amount shall equal the Minimum Amount. 1.7 Section 1.22 of the Securities Purchase Agreement is hereby amended and restated in its entirety as set forth below:

Minimum Advance Amount means $37,500.00. “Minimum Counterparty Rating” shall mean (a) a long-term credit rating from S&P of at least “A-” and (b) a long-term credit rating from Moody’s of at least “A3”. “Minimum Equity Requirement” shall have the meaning set forth in Section 4.1.37 “Minimum Extension Debt Yield” shall have the meaning set forth in Section 2.3.2(b)(viii). “Minimum Leasing Parameters” shall mean, with respect to any Lease, the leasing parameters set forth on Schedule V attached hereto. “Minor Lease” shall mean any Lease that is not a Major Lease. “Monthly Debt Service Payment Amount” shall mean on each Monthly Payment Date through and including the Maturity Date, an amount equal to the interest accruing on the Outstanding Principal Balance at the Applicable Interest Rate (or at the Default Rate, as applicable) for the immediately preceding Interest Period, which interest shall be calculated in accordance with Section 2.2. “Monthly Payment Date” shall mean the ninth (9th) calendar day of each calendar month during the term of the Loan, and if such day is not a Business Day, then the Business Day immediately preceding such day. “Moody’s” shall mean Xxxxx’x Investors Service, Inc. “Mortgage” shall mean, as of the date hereof, (i) that certain Senior Loan Consolidated, Amended and Restated Mortgage, Assignment of Leases and Rents and Security Agreement, dated as of the Original Closing Date, executed and delivered by Borrower as security for the Loan and

Minimum Advance Amount means (a) with respect to the first Notice of Borrowing under the Revolving Credit Facility (the "First Notice of Borrowing"), the sum of $2,000,000, representing the minimum Advance which may be requested by Borrower under the First Notice of Borrowing; and (b) with respect to each Notice of Borrowing after the First Notice of Borrowing, the principal sum of $250,000, representing the minimum Advance which may be requested by Borrower under the Revolving Credit Facility after the First Notice of Borrowing.