Working Capital Availability definition

Working Capital Availability has the meaning specified in Section 2.01(b).

Working Capital Availability means "Availability" as defined in the Working Capital Credit Agreement (as in effect on the date hereof or as amended pursuant to an amendment agreed to in writing by the Agents).

Working Capital Availability means, at any time, the lesser of (a) the Aggregate Working Capital Commitments at such time or (b) the Working Capital Borrowing Base at such time.

Examples of Working Capital Availability in a sentence

• Fees under this subsection (b)(i) shall accrue for each day from and after the issuance of the initial Letter of Credit, and accrued fees shall be payable on each Quarterly Date and on the earlier of the date the Working Capital Commitments are terminated or the last day of the Working Capital Availability Period and, if later, on the first day thereafter on which no Letters of Credit are outstanding.

• During the Working Capital Availability Period the Borrower shall pay to the Agent for the account of the Banks ratably in proportion to their Working Capital Commitments a commitment fee at the applicable per annum Commitment Fee Rate on the daily amount by which the aggregate amount of the Working Capital Commitments exceeds the sum of outstanding principal amount of the Working Capital Loans plus the Letter of Credit Exposure.

• The Loans shall mature on the last day of the Working Capital Availability Period.

• In total, 29 respondents participated in the survey – 79% were bus drivers, 21% were other positions within the ESTA organization.

• No Letter of Credit shall have a term extending beyond the earlier of (i) one year from the date of issuance and (ii) seven Business Days prior to the last day of the Working Capital Availability Period.

More Definitions of Working Capital Availability

Working Capital Availability means "Domestic Excess Availability" as such term is defined in the Working Capital Loan Agreement as such agreement is in effect on the date hereof.

Working Capital Availability means "Availability" as such term in defined in the Working Capital Credit Agreement.

Working Capital Availability means, at any time, the difference between (a) $10,000,000.00 and (b) aggregate principal amount of all outstanding Working Capital Borrowings at such time. "Working Capital Borrowing" means a Borrowing used or to be used to finance the Company's operations.

Working Capital Availability has the meaning specified in Section 3.01(b).

Working Capital Availability means (a) the amount calculated under clause (b) of the Borrowing Base Advance Cap minus (b) the aggregate outstanding principal amount of the Working Capital Loans plus the Effective Amount of all L/C Obligations.

Working Capital Availability. Period" in Section 1.01 of the Credit Agreement is amended to read in its entirety as follows:

Working Capital Availability shall have the meaning assigned to the term “Borrowing Availability” in the Working Capital Agreement, as in effect on the Closing Date, whether or not such agreement remains in effect.