Advance Amount Clause Samples
The Advance Amount clause defines the specific sum of money that a lender agrees to provide to a borrower upfront under a financing or loan agreement. This clause typically outlines the total principal available for disbursement, the timing of the advance, and any conditions that must be met before the funds are released, such as completion of documentation or satisfaction of pre-funding requirements. By clearly stating the amount and terms of the advance, this clause ensures both parties understand the financial commitment involved and helps prevent disputes over the initial funding provided.
Advance Amount. Subject to the terms and conditions contained in this Agreement, advances will be made in exactly the amount I request.
Advance Amount. Subject to the terms and conditions contained in this Agreement, Advances will be made in the amount requested by Borrower.
Advance Amount. The aggregate amount of the requested Advance is not less than the lesser of Twenty Five Thousand Dollars ($25,000) or the unborrowed balance of the Borrowing Base and shall be in multiples of Twenty Five Thousand Dollars ($25,000); and
Advance Amount. In consideration for the respective promises and covenants of the Seller contained herein, including the Delivery by the Seller to the Purchaser of Finished Cobalt, the Purchaser hereby agrees to pay, and the Seller hereby agrees to accept, the Advance Amount at the Closing in cash as a deposit in respect of the Cobalt Purchase Price. Payment of the Advance Amount shall be made without any deduction, withholding, charge or levy for or on account of any Taxes. The Seller will provide wire transfer instructions and bank account information for the Advance Amount to the Purchaser at least three Business Days in advance of the Closing Date.
Advance Amount. Subject to the terms and conditions of this Agreement, each Lender will make its Pro Rata Share of the Term Advance to Borrower on the Closing Date. The proceeds of the Term Advance shall be first used to repay in full all amounts outstanding under that certain Loan and Security Agreement by and between Borrower and East West Bank dated as of September 15, 2011, with the remaining amount being transferred to Borrower by wire transfer to such account as Borrower specifies in writing to Administrative Agent.
Advance Amount. The Advance Amount shall bear interest from the first date of the Interest Payment Period until such amount is paid in its entirety at a rate per annum equal to nine percent (9.0%).
Advance Amount. Subject to the terms and conditions contained in this Loan Agreement, advances will be made in exactly the amount I request.
Advance Amount. (1) Within two Business Days after the date hereof, Purchaser shall deliver $5,000,000.00 (the “Advance Amount”) to Macquarie Bank Limited (the “Deposit Escrow Agent”), in trust, to be held in escrow pursuant to the terms and conditions of an escrow agreement substantially in the form of the escrow agreement attached as Schedule 2.5(1) or as otherwise agreed by the parties (the “Deposit Escrow Agreement”).
(2) The Advance Amount together with all accrued interest received by the Deposit Escrow Agent (less any applicable withholding Taxes) will be applied on Closing in satisfaction of an equivalent amount of the Purchase Price.
(3) If the Closing does not occur for any reason other than a material breach by the Purchaser of its representations, warranties, covenants or obligations under this Agreement, the full amount of the Advance Amount together with all accrued interest received by the Deposit Escrow Agent shall be immediately returned to the Purchaser.
(4) If the Closing does not occur because the Purchaser materially breached any of its representations, warranties, covenants or obligations under this Agreement, including the Purchaser’s failure to fulfill its obligation to consummate the transactions contemplated herein in the event all of its conditions to closing are satisfied, the full amount of the Advance Amount together with all accrued interest received by the Deposit Escrow Agent (less any applicable withholding Taxes) each Vendor shall be entitled to receive its Pro Rata Share of the Advance Amount as liquidated damages (and not as a penalty) to compensate it for the expenses incurred and opportunities foregone as a result of the failure of the transactions contemplated by this agreement to close and as its sole and exclusive remedy for that failure to close.
Advance Amount. Following receipt of a Draw Request and provided the Draw Request complies with the terms of this Loan Agreement and all information therein is true, correct and otherwise accurate, Bank shall determine the amount of the Advance to be made under the Loan in accordance with the standards of this Loan Agreement.
Advance Amount. No Advance with respect to any P.O. shall exceed the lesser of (i) fifty-five percent (55%) of the P.O. Price, and (ii) the Landed Cost of the Products (the "Advance Amount").