In furtherance of the foregoing, each Working Capital B-2 Lender and Working Capital B-3 Lender hereby authorizes and directs the Agent to accept the Assignment Agreement on behalf of the Working Capital B-2 Lenders and Working Capital B-3 Lenders.
Working Capital Lender means any Lender that has a Working Capital Commitment.
Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.
Working Capital Loan has the meaning specified in Section 2.1(c).
Working Capital Advance has the meaning specified in Section 2.01(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 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 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).
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 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.
Target Working Capital Amount means $75,000,000.
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 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.
Target Net Working Capital Amount means $5,000,000.
Closing Date Working Capital has the meaning specified in Section 2.3(b).
Net Working Capital Target means $0.00.
Working Capital Deficit means the amount, if any, by which the Closing Working Capital is less than the Target Working Capital.
Final Closing Working Capital has the meaning set forth in Section 2.5(d).
Working Capital Adjustment Amount means an amount, which may be positive or negative, calculated in accordance with Schedule C, equal to the difference of (a) the Closing Date Adjusted Working Capital minus (b) the Preliminary Adjusted Working Capital.
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.
Closing Net Working Capital has the meaning set forth in Section 2.6(a).
Final Working Capital has the meaning set forth in Section 2.04(b).
Working Capital Adjustment has the meaning set forth in Section 2.5(a).
Working Capital Units shall have the meaning given in the Recitals hereto.
Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).