Approved Working Capital Facility definition

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 shall be construed accordingly;
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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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Examples of Approved Working Capital Facility in a sentence

  • Upon the entry by the Partnership Parties into an Approved Working Capital Facility, the proceeds retained by Issuer pursuant to Section 5.4(a) above, plus or minus the amount by which Transaction Expenses are less than or exceed, as the case may be, $6,000,000, will be transferred or distributed to QRC (or its designated Affiliates) and will not be available for use by Issuer.

  • 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 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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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 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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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(a).

  • 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 shall have the meaning set forth in Section 2.03(c).

  • Final Working Capital has the meaning set forth in Section 2.04(b).

  • Target Working Capital means $0.

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the open 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 means a cash reserve held in the Operating Account that is readily available to Manager during the Term to finance the services, repairs and maintenance described in Section 5.2 including Minor Capital Expenditures and Major Capital Expenditures, insurance premiums for the Property described in Section 9.1, and utilities for the Property, in such amounts as determined by the Owner in its sole discretion.

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

  • Working Capital Amount means the difference between (x) the total current assets of the Company and its Subsidiaries and (y) the total current liabilities (other than the New Company Debt, the Existing Company Debt and Deal Expenses) of the Company and its Subsidiaries (in each case calculated in accordance with GAAP immediately prior to the Effective Time and after giving effect to the Contribution, the Distribution and the disposition of cash and cash equivalents contemplated by Section 6.24).

  • Working Capital means, with respect to the Borrower and the Subsidiaries on a consolidated basis at any date of determination, Current Assets at such date of determination minus Current Liabilities at such date of determination; provided, that, for purposes of calculating Excess Cash Flow, increases or decreases in Working Capital shall be calculated without regard to any changes in Current Assets or Current Liabilities as a result of (a) any reclassification in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent or (b) the effects of purchase accounting.

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

  • Working Capital Target means $0.

  • Target Working Capital Amount means $75,000,000.

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

  • Target Net Working Capital means $0.

  • Working Capital Assets has the meaning as set forth in the Recitals of this Agreement.

  • 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).