Approved Working Capital Facility definition

Approved Working Capital Facility shall be construed accordingly;
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Approved Working Capital Facility means a credit facility or other arrangement entered into by one or more of the Group Members subsequent to the Closing Date that will provide the Partnership with an ability to make borrowings used solely for working capital purposes or to pay distributions to the Limited Partners; provided that the terms and conditions of such facility shall be approved by the Investor Representatives.
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Approved Working Capital Facility means one or more working capital facilities and revolving capital facilities (including swing line subfacilities), which may be secured in whole or part by assets of the Company Group, as approved in the Approved Business Plan and in an aggregate principal amount not to exceed Five Million Dollars ($5,000,000.00).
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Examples of Approved Working Capital Facility in a sentence

  • Upon entering into an Approved Working Capital Facility, such $15 million shall be distributed to QRC.

  • Upon the closing of an Approved Working Capital Facility (as defined above), MLP shall distribute, grant, bargain, convey, assign, transfer, set over and deliver to QRC an amount in cash equal to $15.0 million as the remaining portion of the Capital Expenditure Reimbursement, plus or minus the amount by which the transaction expenses described in Section 2.17 are less than or exceed, as the case may be, $6.0 million.


More Definitions of Approved Working Capital Facility

Approved Working Capital Facility means the credit facility which the Operator has with a New Zealand bank for the funding of Direct Costs;
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Approved Working Capital Facility means any working capital facility approved by the Authority pursuant to any Nuclear Site Contract;
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Approved Working Capital Facility shall have the meaning set forth in Section 5.4(a).
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Approved Working Capital Facility has the same meaning assigned to such term in the Partnership Agreement.
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Related to Approved Working Capital Facility

  • Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

  • Base Working Capital means $25,000,000.

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Working Capital Advance has the meaning specified in Section 2.01(c).

  • Working Capital Borrowings means borrowings incurred pursuant to a credit facility, commercial paper facility or similar financing arrangement that are used solely for working capital purposes or to pay distributions to the Partners; provided that when such borrowings are incurred it is the intent of the borrower to repay such borrowings within 12 months from the date of such borrowings other than from additional Working Capital Borrowings.

  • Working Capital Loan has the meaning specified in Section 2.1(c).

  • Working Capital Loans means any loan made to Acquiror by any of the Sponsor, an Affiliate of the Sponsor, or any of Acquiror’s officers or directors, and evidenced by a promissory note, for the purpose of financing costs incurred in connection with a Business Combination.

  • Working Capital Lender means any Lender that has a Working Capital Commitment.

  • Closing Date Net Working Capital has the meaning specified in Section 3.4(a).

  • Final Working Capital has the meaning set forth in Section 2.4(b)(iii).

  • Target Working Capital has the meaning set forth in Section 2.06(a)(ii).

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the close of business on the Closing Date.

  • Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).

  • Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.

  • Working Capital Reserve shall have the meaning set forth in the Partnership Agreement.

  • Final Closing Working Capital has the meaning set forth in Section 2.5(d).

  • Working Capital Amount shall have the meaning specified in Section 3.4(e).

  • Working Capital means Current Assets less Current Liabilities.

  • Actual Working Capital has the meaning set forth in Section 2.7(a).

  • Working Capital Target has the meaning set forth in Section 1.3(b).

  • Target Working Capital Amount means $162,000,000.

  • Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Target Net Working Capital means $36,500,000.

  • Working Capital Assets means the current assets of Company and its Subsidiaries as of the Effective Time (including all Cash and Cash Equivalents), each determined in accordance with Accounting Principles but excluding all Tax assets; provided, however, in no event shall any accounts receivable relating to item #3 (System Gain/Loss) on Schedule 4.5 be included as a current asset of the Company or its Subsidiaries.

  • Adjusted Working Capital means the remainder of (a) the consolidated current assets of the Obligors minus the amount of cash and cash equivalents included in such consolidated current assets, minus (b) the consolidated current liabilities of the Obligors minus the amount of consolidated short-term Debt (including current maturities of long-term Debt) of the Obligors included in such consolidated current liabilities.

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).