Examples of Special Advance Amount in a sentence
Borrower shall pay to Agent for the ratable benefit of the Lenders, a special advance fee of $15,000 payable semi-annually, in advance, commencing on the Closing Date and on each six month anniversary thereof until the Special Advance Amount and the outstanding Special Advances shall have been permanently and irrevocably reduced to $0.
At such time as the Special Advance Amount shall be permanently reduced to $0 and the Term Loan shall have been paid in full, Excess Cash Flow shall be distributed by Borrower (a) 80% to Xxxxxx Investments, Inc.
At such time as the Special Advance Amount shall have been permanently reduced to $0, Excess Cash Flow shall be distributed by Borrower solely in accordance with the provisions of subclause (ii) above.
The Special Advance Amount shall be automatically and permanently reduced, without notice, in an amount equal to such prepayment.
For purposes of the foregoing calculation, for calendar year 2003 an amount equal to the product of (I) $10,000,000 multiplied by (II) a fraction, the numerator of which is the number of months during 2003 that the Special Advance Amount is outstanding and the denominator of which is 12 (the "2003 Maximum Amount") shall be substituted for $10,000,000 in such calculation.