New Working Capital Facility definition

New Working Capital Facility means, at any time, the aggregate amount of the Increasing Lenders’ and Augmenting Lenders’ New Working Capital Commitments and Working Capital Advances thereunder.
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New Working Capital Facility means the revolving credit facility to be obtained by Reorganized Regal on the Effective Date, having principal terms and conditions no less favorable to the Reorganized Debtors than those set forth in Exhibit E to the Plan, and all notes, guaranties, pledges, security agreements, and other agreements and documents to be given or issued pursuant thereto or in connection therewith.
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New Working Capital Facility means the loan(s) made to Reorganized Sheffield on the Effective Date by the New Working Capital Lender.
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Examples of New Working Capital Facility in a sentence

  • To the extent any letters of credit issued pursuant to the Postpetition Financing Agreement are outstanding, they will be cancelled and replaced with new letters of credit to be issued pursuant to the New Working Capital Facility or 105% cash collateralized.

  • On the Effective Date, Reorganized ANI shall enter into the New Working Capital Facility.

  • There can be no assurance, however, (i) that the Debtors will consummate the Plan, (ii) the Debtors will be able to close their New Working Capital Facility on favorable terms, or (iii) that future developments and general economic trends will not adversely affect the Reorganized Debtors' operations and, hence, their anticipated cash flow.

  • The ability of Reorganized LCE to make principal and interest payments under the New Working Capital Facility will be dependent upon Reorganized LCE's future performance, which is subject to financial, economic and other factors affecting Reorganized LCE, some of which are beyond its control.

  • The Debtors believe that their New Working Capital Facility will contain negative covenants that restrict, among other things, the ability of Reorganized LCE to pay dividends.

  • Collateral First priority lien on substantially all assets, subject only to liens granted in connection with the New Working Capital Facility Amortization On terms acceptable to "Required Lenders" under the New Senior Note Agreement.

  • Reorganized LCE is expected to continue to have annual fixed debt service requirements under their New Working Capital Facility.

  • On the Effective Date, without the need for any further corporate action or action by the holders of Claims or Equity Interests in the Debtors, Reorganized ANI will enter into the New Working Capital Facility in substantially the form set forth in the Plan Supplement.

  • The Debtors believe that substantially all of their needs for funds necessary to consummate the Plan and for post-Effective Date working capital financing will be met by projected operating cash flow, the New Working Capital Facility, and trade terms supplied by vendors.

  • The satisfaction or waiver of the conditions precedent to the effectiveness of the New Working Capital Facility and access by the Reorganized Debtors to funding thereunder is a condition precedent to the Effective Date of the Plan.


More Definitions of New Working Capital Facility

New Working Capital Facility means that certain definitive written agreement providing for a revolving credit facility and a term loan in an amount and on terms, conditions and collateral security satisfactory to and approved by the Debtors, the Reorganized Debtors, the New Regional Subsidiaries and/or Camelot Distribution Co., Inc., as appropriate, the lenders party thereto, the agent thereunder and the Committee, together with all collateral and ancillary documents to be executed in connection therewith.
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New Working Capital Facility means a credit facility providing new working capital financing for the Reorganized Debtors.
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New Working Capital Facility means the “Working Capital Facility” as such term is used in the Exit Credit Facilities Term Sheet.
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New Working Capital Facility means the working capital loan facility provided to the New Working Capital Facility Borrower by General Electric Capital Corporation pursuant to that certain credit agreement dated as of the date hereof and all other agreements, documents, instruments or certificates which are executed and delivered in connection therewith or pursuant thereto from time to time including any agreement, document or instrument evidencing a refinancing or refunding thereof.
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Related to New Working Capital Facility

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

  • 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.

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

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

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

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

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

  • 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.

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

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

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

  • Target Working Capital means $0.

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

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Closing Date Net Working Capital means the Net Working Capital as of the Closing Date.

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

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

  • Working Capital Units shall have the meaning given in the Recitals hereto.

  • 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.

  • Closing Net Working Capital means Net Working Capital as of the Adjustment Calculation Time.

  • Net Working Capital means current assets minus current liabilities.

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

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

  • Working Capital Assets means the current assets of the Company as of the Effective Time (including all Cash and Cash Equivalents), determined in accordance with Accounting Principles but excluding any Tax assets.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).