Working Capital Line. The Borrower shall use its best efforts to maintain a revolving credit facility or similar arrangement to the extent it deems necessary based on its cash position and cash flows to fund the foreseeable capital expenditure and working capital requirements of its Restricted Subsidiaries.
Working Capital Line. Subject to the terms of this Indenture, the Company shall use its best efforts to maintain a revolving credit facility or similar arrangement, with the Company and PCI Chemicals Canada Company as the borrowers thereunder, as provided for in the effective Plan of Reorganization, to the extent it deems necessary based on its cash position and cash flows needed to fund the foreseeable capital expenditure and working capital requirements of the Company and PCI Chemicals Canada Company and their respective Subsidiaries, taken as a whole.
Working Capital Line. Caster hereby agrees to loan amounts to Newco, from time to time, during the first four (4) months immediately following the Closing Date, not to exceed $200,000 in the aggregate, upon request by Prime, to cover any actual deficit in working capital that Newco may experience. The parties agree that amounts borrowed must be repaid by Newco prior to Newco's distribution of any of its earnings to Prime.
Working Capital Line. (a) One or more of the Consenting Holders shall provide a working capital line (subject to negotiation and execution of mutually agreeable documentation) of up to $15,000,000 (the “Working Capital Line”), if necessary, to be available to the Company prior to the Closing, which may be pari passu with the First Lien Notes (or senior in priority to the First/Second/Third Notes) and senior to any other debt obligation of the Company, provided that:
(i) the proceeds from disbursements under the Working Capital Line shall be used solely to pay expenses incurred in the ordinary course of operations of the Company or in connection with payments to be made in connection with the Merger;
(ii) interest payable on the Working Capital Line shall not exceed 10% per annum; and
(iii) the documentation governing the Working Capital Line shall (w) require any lenders thereunder to comply with covenants substantially similar to those set forth in Section 4.1, (x) grant the Purchaser the right to acquire, at par plus accrued interest, any loans outstanding under the Working Capital Line, (y) include such other terms as may be reasonably requested by the Purchaser and (z) otherwise be on substantially the same terms as the First Lien Notes.
(b) Each of the Consenting Holders providing the Working Capital Line agrees to work in good faith with the Company to negotiate and enter into any documentation required for the Working Capital Line within 30 days after the date of this Agreement.
Working Capital Line. Borrowers shall have the option, during the term hereof, to request that a certain portion of the Revolving Loans (in an amount not to exceed $2,000,000 in the aggregate outstanding at any one time) shall be used as working capital by Borrowers in the ordinary course of their business and shall be made under substantially the same terms and conditions a those contained herein. In the event Borrowers choose to exercise such option, amendment documentation shall be prepared by Bank's counsel and executed by Borrowers and Bank, which documentation shall allow a certain portion of the Revolving Loans to be used by Borrowers as working capital in the ordinary course of their business and shall otherwise be in form and substance satisfactory to Bank in its reasonable discretion.
Working Capital Line. Subject to and upon the terms and conditions herein set forth, including (without limitation) the definitions contained in Section 12, at any time or from time to time on or before the termination of this Agreement, subject to the limitations contained in Section 1.1.B, the Bank shall extend a working capital credit facility (the "Working Capital Line") for short-term loans (referred to as "Loans") and Letters of Credit.
Working Capital Line. The Parties hereby agree that, in deviation from Section 17.6 of the SPA, Purchasers shall procure (stehen dafür ein) that the Group Companies will be provided with a working capital line (Betriebsmittelkreditlinie) in the amount set out in Section 17.6 of the SPA available as from no later than 30 June 2024 until at least 31 December 2025.
Working Capital Line. Buyer hereby covenants and agrees to make available, or cause to be made available, to the Company a line of credit ("Working Capital Line") in the maximum amount of $1,400,000 (the "Maximum Amount"), subject to the terms and conditions contained in this Article X. Each advance by Buyer to the Company under the Working Capital Line shall be individually an "Advance and collectively the "Advances."
Working Capital Line. Landlord shall provide a working capital line to Tenant in an amount of up to $125,000 ("Working Capital Line"), the proceeds of which shall be used by Tenant for working capital and capital improvements on the Property, and prior to Landlord disbursing any such proceeds, Tenant shall rquest an advance under the Working Capital Line with at least 5 business days notice and Tenant shall provide documentation to Landlord satisfactory to Landlord supporting such request for advance. Payments on the Working Capital Line by Tenant shall be capitalized and become Rent payable under the Lease.
Working Capital Line. The Bank hereby agrees, subject to the terms and conditions of this Agreement, to make a Credit Loan or Credit Loans available to the Company from time to time on and after the date of this Agreement through and including the Working Capital Line Maturity Date, in an aggregate principal amount not to exceed the lesser of (i) the Working Capital Line Credit Limit and (ii) that portion of the Borrowing Base which is utilized to support advances under the Working Capital Line (which amount shall not be greater than the difference between (i) the Borrowing Base, and (ii) the aggregate principal amount outstanding under the Acquisition Line). Until the Working Capital Line Maturity Date, the Company may borrow, repay, and reborrow such Credit Loan up to the maximum amount thereof, subject to the mandatory principal reductions set forth in Section 2.7(b) hereof and sufficient Borrowing Base availability.
