Common use of ADVANCE FORMULA Clause in Contracts

ADVANCE FORMULA. All Advances to Borrower under the Line of Credit Note shall be made under the following Loan Advance Formula: A. 70% of Borrower's Eligible Accounts, plus

Appears in 1 contract

Sources: Business Loan Agreement (Symplex Communications Corp)

ADVANCE FORMULA. All Advances to Borrower under the Line of Credit Note shall be made under the following Loan Advance Formula: A. 70% of Borrower's Eligible Accounts, plus:

Appears in 1 contract

Sources: Business Loan Agreement (Universal Standard Medical Laboratories Inc)