Working Capital Bank definition

Working Capital Bank means a Bank with a Working Capital Commitment or, if the Working Capital Commitments have terminated or expired, a Bank with Working Capital Exposure.
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Working Capital Bank means Deutsche Bank AG London of Winchester House, 1 Grxxx Xxxxxxxxxx Xxxxxx, Xxxxxx XX0X 0XX xx issuer of Bank Guarantees and lender of WC Advances under the Working Capital Facility; and
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Working Capital Bank means each of First Republic and XX Xxxxxx Xxxxx, N.A. “Working Capital Funds” shall have the meaning set forth in Section 2.6.1. “Zoning Report” shall mean the zoning report prepared with respect to the Property by the Planning & Zoning Resource Company dated May 17, 2023.
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Examples of Working Capital Bank in a sentence

  • The Agent shall notify the Original Borrower and the Banks and/or the Working Capital Bank (as the case may be) promptly of each rate of interest determined by it under this clause 6.

  • In respect of each FFE Contract, the relevant Borrower shall pay fees and commissions to the Working Capital Bank in accordance with the Working Capital Bank's usual charging scales as notified to the Company from time to time for entering into forward foreign exchange contracts.

  • Any other facilities or financial accommodation made available under the Working Capital Facility shall be charged to the relevant Borrower by the Working Capital Bank in accordance with its customary rates or scales as notified to the Borrower from time to time.

  • As soon as practicable after receipt of a Utilisation Notice in respect of a WC Advance complying with the terms of this Agreement, the Agent shall notify the Working Capital Bank and, subject to clause 3, the Working Capital Bank shall on the Utilisation Date, make available to the Agent the principal amount of the relevant WC Advance in accordance with clause 9.2.

  • If a WC Advance is to be made in an Optional Currency, the Working Capital Bank shall, subject to clause 3, advance to the relevant Borrower on the relevant Utilisation Date, the amount of such Optional Currency specified in the relevant Utilisation Notice.

  • The Working Capital Bank shall issue Bank Guarantees through its offices at the address specified in part C of schedule 1 or through any other office of the Working Capital Bank selected from time to time by the Working Capital Bank through which the Working Capital Bank wishes to issue Bank Guarantees.

  • If the office through which a Bank lending or the Working Capital Bank is issuing is changed pursuant to this clause 18.7, such Bank or the Working Capital Bank (as the case may be) shall notify the Agent and the Original Borrower promptly of such change.

  • While the link between liquidity and employment has not received much atten- tion so far, our analysis is related to several strands of the literature.

  • None of the Agent, or the Arrangers or the Security Trustee shall, however, have any duties, obligations or liabilities (whether fiduciary or otherwise) to the Banks or the Working Capital Bank beyond those expressly stated in this Agreement or any other Finance Document.

  • At or prior to the Closing Date, Borrower shall establish and maintain the Working Capital Account as a segregated Eligible Account pursuant to the terms of the Working Capital Account Agreement with the Working Capital Bank, which such Working Capital Account shall be in trust for the benefit of Lenders and shall be under the sole dominion and control of Borrower prior to an Event of Default and thereafter, Administrative Agent, for the benefit of Lenders.


More Definitions of Working Capital Bank

Working Capital Bank means First Republic Bank.
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Working Capital Bank mean Xxxxx Fargo Bank, N.A, as bank
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Working Capital Bank means any Person that is party to a Secured Working Capital Agreement and is an Agent or a Lender or an Affiliate of an Agent or a Lender.
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Working Capital Bank means Australia and New Zealand Banking Group Limited, ABN 11 005 357 522 or any bank or financial institution to which all rights and obligations in respect of the Working Capital Facility have been transferred in accordance with the Finance Documents.
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Related to Working Capital Bank

  • Working Capital Lender means any Lender that has a Working Capital Commitment.

  • 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 Loan has the meaning specified in Section 2.1(c).

  • Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.

  • Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

  • 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.

  • 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.

  • 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.

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

  • Working Capital Assets has the meaning as set forth in the Recitals of this Agreement.

  • Target Working Capital means $0.

  • Working Capital Escrow Amount means $2,000,000.

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

  • Working Capital Deficit means the amount, if any, by which the Closing Working Capital is less than the Target Working Capital.

  • 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).

  • Closing Net Working Capital has the meaning set forth in Section 2.6(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 Advance has the meaning specified in Section 2.01(a).

  • Base Working Capital means $25,000,000.

  • Actual Working Capital has the meaning set forth in Section 2.7(a).

  • Working Capital Units shall have the meaning given in the Recitals hereto.

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

  • Adjusted Working Capital means the remainder of (a) the consolidated current assets of the Obligors minus the amount of cash and cash equivalents included in such consolidated current assets, minus (b) the consolidated current liabilities of the Obligors minus the amount of consolidated short-term Debt (including current maturities of long-term Debt) of the Obligors included in such consolidated current liabilities.

  • Consolidated Working Capital means, as at any date of determination, the excess of Current Assets over Current Liabilities.

  • 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.

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