Additional Working Capital. The General Partner shall arrange for working capital loans to the Partnership as the effective operation of the Partnership, as contemplated by Article III hereof, may require. Any such loans may be evidenced by promissory notes containing terms, interest rates, maturities and security as the General Partner, in its sole discretion, shall determine; provided, however, that the General Partner shall use its best efforts to arrange for such loans on the most advantageous terms reasonably determined by the General Partner to be available to the Partnership. The General Partner may pledge or grant security interests in any and all of the Partnership’s assets as security for any indebtedness of the Partnership (i) to the extent required under the terms of the General Partner’s principal credit agreement, as in existence from time to time, or (ii) to the extent otherwise consented to by the Limited Partner.
Additional Working Capital. EXTEL shall have obtained a minimum of $1.0 million of additional working capital financing for the Businesses upon such terms and conditions as shall be reasonably acceptable to EXTEL.
Additional Working Capital. After the Effective Date, if the Board determines that additional working capital is necessary to operate the Renewable Diesel Facility and if the Company’s cash assets and credit facilities will be insufficient to fund such amount (such required amount, the “Additional Working Capital”), the Board shall consider the alternatives available to fund such Additional Working Capital, including requesting Member loans. If the Board determines, via Special Approval, that a Call Notice should be issued for such Additional Working Capital, the General Manager shall issue a Call Notice to the Members requesting Additional Contributions in an amount equal to the Additional Working Capital. The Members shall contribute to the Company the amount specified in such Call Notice in the proportions and priority specified in Section 3.2 on the contribution date set forth therein, such date to be not less than fifteen (15) days following the date such Call Notice is delivered.
Additional Working Capital. If the operation of the Property requires the infusion of Working Capital in addition to that which is available in the Bank Accounts, Owner shall procure and deliver to Manager, within five (5) Business Days after receiving notice from Manager of the need therefor, such additional funds as Manager and Owner agree in good faith are required to finance and support the uninterrupted and efficient operation of the Property.
Additional Working Capital. Capital Contribution of the General Partner. The General Partner shall contribute a total of $1,000 to the capital of the Partnership upon the formation of the Partnership. In exchange for such Capital Contribution, the General Partner shall receive the General Partnership Interest and General Partnership Percentage.
Additional Working Capital. The General Partner agrees either to provide or attempt to arrange for working capital loans to the Partnership in such amounts and upon such terms as the effective operation of the Partnership may require. Any such loans may be evidenced by promissory notes containing terms, interest rates, maturities, and security as the General Partner, in its sole discretion, shall determine; provided that if the General Partner provides such loans, the terms of such loans shall be at rates and on terms which the General Partner or its corporate parent company, HEALTHSOUTH Corporation, has available to it in the marketplace at the time such funds are advanced. The General Partner may pledge or grant security interests in any and all of the Partnership’s assets as security for any indebtedness of the Partnership. In arranging such loans, the General Partner shall not be required to provide any collateral or any assurances in addition to its obligations pursuant to applicable law as a general partner.
Additional Working Capital. To the extent that the JV Entities shall require working capital in excess of that provided from the operations of the JV (“Additional Working Capital”), the JV shall acquire such Additional Working Capital by means of a bank loan or a line of credit. If required, such bank loan or line of credit shall be secured, pro-rata, against the Founding Shareholders’ holdings in the JV. In the event that it shall not be reasonably commercially possible for the JV to acquire a bank loan or line of credit as aforesaid, Orbotech shall provide an acceptable guarantee of all of such bank loan or line of credit provided that:
3.5.1. Orbotech shall be granted a security interest in Valor’s interests in the JV superior to and with priority over any other security interest; provided however, that Orbotech’s security interest shall not have priority over a security interest granted to a financial institution which previously provided any of Valor’s share of Additional Working Capital, or as shall otherwise be agreed upon by Orbotech and Valor;
3.5.2. Orbotech’s obligations hereunder with respect to Additional Working Capital shall in no event exceed $3 Million in the aggregate and with respect to Valor’s pro-rata interest in the Additional Working Capital shall in no event exceed $1.5 Million in the aggregate; and
3.5.3. Valor shall repay any such loan and/or release Orbotech from any such guarantee with respect to Valor’s pro-rata interest in the Additional Working Capital on or before the earlier to occur of: (a) the third (3rd) anniversary of the Closing Date; or (b) sixty (60) days from the closing of a public offering of securities of Valor in Israel or abroad. In the event that Valor shall fail to do so, Orbotech shall be free to execute the above security interest on Valor’s interest in the JV. In the event the JV Entities shall require working capital in excess of that provided for above (after full utilization of the bank loan or line of credit guaranteed by Orbotech), the Founding Shareholders will contribute or otherwise provide, pro-rata, the Additional Working Capital; provided however, that in the event that the amount so contributed by any Founding Shareholder pursuant to the above shall exceed $750,000 in the aggregate, such Founding Shareholder shall (notwithstanding the provisions of Section 11.9 below but subject to the next following sentence) be entitled to apply for dissolution or liquidation of the JVLP and upon such application shall not be required t...
Additional Working Capital. If the operation of the Hotel requires the infusion of Working Capital in addition to that which is available in the Agency Accounts, Owner shall procure and deliver to Operator, within ten (10) Business Days after receiving notice from Operator of the need therefor, such additional funds as are required to finance and support the uninterrupted and efficient operation of the Hotel. In the event Owner fails to pay such additional funds, Operator may, at Operator’s sole discretion, advance such additional funds, whereupon Owner shall pay to Operator from Owner’s own funds and not as a Hotel Expense, commencing as of the first day on which Operator advances such funds and ending on the date on which Owner repays to Operator funds advanced by Operator, interest on the delinquent amount at a rate equal to four (4) percentage points above the Prime Rate.
Additional Working Capital. Following the Closing Date and at any time and from time to time prior to the Trading Market relisting of the Company pursuant to Section 4.19, to the extent that the Company experiences immediate working capital needs, the parties will use their commercially reasonable efforts to enter into an additional agreement whereby the Purchaser will provide the Company with up to an additional three million U.S. dollars ($3,000,000) for working capital purposes, in the form of a loan, or in exchange for additional shares of Common Stock, or other debt or equity securities.
Additional Working Capital. The Company shall attempt to arrange a working capital loan secured by the Company’s receivables and inventory. If the Company is able to arrange such a working capital loan or line of credit, Investor will agree to subordinate its existing liens and security interests on the Company’s receivables and inventory on a dollar-for-dollar basis up to $2,000,000; provided that the working capital lender and Investor can agree upon the terms of a subordination agreement in form and substance reasonably satisfactory to Investor. In addition, for every $1,000,000 of Notes that are paid off by the Company or otherwise converted into equity by the Investor, the Company shall be permitted to incur an additional $500,000 of additional working capital.
