The proceeds of the Advances under the Working Capital B-2 Facility shall be available (and the Uniroyal Borrower agrees that it shall use such proceeds) solely to redeem, repurchase or defease, in full or in part, the Uniroyal Senior Notes, the Uniroyal Corp.
Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.
Working Capital Advance has the meaning specified in Section 2.01(a).
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 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 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.
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.
Target Working Capital Amount means $75,000,000.
Working Capital Assets has the meaning as set forth in the Recitals of this Agreement.
Target Net Working Capital Amount means $5,000,000.
Working Capital Units shall have the meaning given in the Recitals hereto.
Final Working Capital has the meaning set forth in Section 2.04(b).
Working Capital Target means $0.
Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.
Base Working Capital means $25,000,000.
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.
Closing Date Working Capital has the meaning specified in Section 2.3(b).
Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).
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.
Target Working Capital means $0.
Final Closing Working Capital has the meaning set forth in Section 2.5(d).
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.
Working Capital Deficit means the amount, if any, by which the Closing Working Capital is less than the Target Working Capital.
Net Working Capital Target means $0.00.
Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).