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Common use of Allocation of Advances Clause in Contracts

Allocation of Advances. Advances shall be allocated among the Sellers pro rata according to the Purchase Price due to each Seller on the date such Advances are made.

Appears in 5 contracts

Sources: Receivables Purchase Agreement (Trimas Corp), Receivables Purchase Agreement (Metaldyne Corp), Receivables Purchase Agreement (Trimas Corp)

Related Clauses

  • CESSATION OF ADVANCES
  • Repayment of Advances
  • Prepayment of Advances
  • Making of Advances
  • Funding of Advances

Parent Clauses

  • Payment of Purchase Price
  • Purpose
  • Definitions Rules of Interpretation
  • Conflict with a Facility Agreement
  • FUNDING

Sub-Clauses

  • Post-Funding Reallocations
  • Advances After Completion Date
  • Advances Under the Bank Credit Facility
  • Advances For Resort Component
  • Advances for FF&E Component
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