Tenant Working Capital Advances definition

Tenant Working Capital Advances means the aggregate of all funds remitted by Tenant to Manager in order to fund Additional Working Capital under Section 4.05 hereof, or pursuant to the Pooling Agreement to the extent allocable to the Hotels.
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Tenant Working Capital Advances shall have the meaning set forth in Section 5.01.B.
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Examples of Tenant Working Capital Advances in a sentence

  • If Tenant does not advance such additional Working Capital within ten (10) days after notice, Manager shall have the right, without any obligation and in its sole and absolute discretion to advance such additional Working Capital within ten (10) Business Days after such initial ten (10) day period, and all such advances shall constitute Tenant Working Capital Advances or Additional Manager Advances, as applicable, and shall be repaid as provided in Section 3.02.B.2 hereof.

  • If Tenant does not advance such additional Working Capital within ten (10) days after notice, Manager shall have the right, without any obligation and in its sole and absolute discretion to advance such additional Working Capital within ten (10) days after such initial ten (10) day period, and all such advances shall constitute Tenant Working Capital Advances or Additional Manager Advances, as applicable, and shall be repaid as provided in Section 3.02.B.5 hereof.

Related to Tenant Working Capital Advances

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

  • 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.

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

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • 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.

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

  • 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.

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

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

  • Actual Working Capital has the meaning set forth in Section 2.7(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 Adjustment shall have the meaning set forth in Section 3.5(c)(i).

  • Target Net Working Capital Amount means $0.

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

  • Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) included in the Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld or delayed.

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Net Working Capital means current assets minus current liabilities.

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

  • 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.

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

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