Working Capital Agreement definition
Examples of Working Capital Agreement in a sentence
If so revised, DEALER agrees to enter into the revised Minimum Net Working Capital Agreement and to meet the new standard within a reasonable period of time as established by DISTRIBUTOR.
Therefore, DEALER agrees to establish and maintain actual net working capital in an amount not less than the minimum net working capital specified in a separate Minimum Net Working Capital Agreement executed by DEALER and DISTRIBUTOR concurrently with this Agreement.
From this site, a three-phase, 13.8 kV transmission line shall be constructed, of approximate 12 km length, following a route parallel to the existing road, ending at the existing step-up substation at the diesel power plant in Puerto Baquerizo Moreno, using the same right-of-way of the current line owned by Elecgalapagos S.A. Additionally, in a piece of land next to the Elecagalapagos S.A. diesel power plant, the complementary equipment shall be installed.
This Security Agreement, the Credit Agreement, the Working Capital Agreement, the Purchase Price Note, the Secured Note and the Working Capital Note executed in connection herewith, are intended by the parties as a final expression of their agreement and are intended as a complete and exclusive statement of the terms and conditions thereof.
If Novos elects to terminate this Agreement for any reason other than for a material breach of this Agreement by Evoke pursuant to Section 14.2.b, any amounts of Working Capital Loan and any interest due thereon then due under the Working Capital Agreement shall be and hereby are forgiven in full.