Working Capital Bank definition

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
Sample 1Sample 2
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.
Sample 1Sample 2
Working Capital Bank mean Xxxxx Fargo Bank, N.A, as bank
Sample 1

Examples of Working Capital Bank in a sentence

  • 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.

  • Each Borrower hereby authorised the Working Capital Bank to debit all interest, fees and commissions due and payable by such Borrower under this Clause 9.2 to any account held by the Borrower with the Working Capital Bank.

  • Each Bank and the Working Capital Bank shall maintain, in accordance with its usual practices, an account or accounts evidencing the amounts from time to time advanced by, owing to and paid to it under this Agreement.

  • In addition to all rights of the Security Trustee set out in the Security Trust Deed, each Bank and the Working Capital Bank hereby grants a power of attorney to the Security Trustee, with the right of substitution to enter into the Security Documents on its behalf.

  • 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.

  • The Original Borrower agrees to indemnify on demand each Bank and the Working Capital Bank against any cost or loss suffered by it as a result of complying with the reserve requirements of the European System of Central Banks to the extent such requirements relate to its participation in the Facilities and are not recoverable by such Bank under clause 16.2.

  • The Borrowers shall pay to the Agent for the account of the Working Capital Bank commission in respect of all Bank Guarantees calculated on the aggregate of the Dollar Amount of the Undrawn Face Amount of all Bank Guarantees, at the rate determined by the Agent to be equivalent to the applicable Margin from day to day.

  • For purposes of Section 2.01(a), each Issuance of a Letter of Credit shall be deemed to utilize the Working Capital Commitment of each Working Capital Bank by an amount equal to the amount of such participation.

  • None of the Arrangers, the Agent or the Security Trustee shall have any duty or responsibility, either initially or on a continuing basis, to provide any Bank or the Working Capital Bank with any credit or other information with respect to the Obligors or GTS Creditors whether coming into its possession before the making of any Advance or the issue of any Bank Guarantee or at any time or times thereafter, other than (in the case of the Agent) as provided in clause 19.3.1.

  • OR THE WORKING CAPITAL BANK All sums to be paid by the Banks or the Working Capital Bank to the Borrowers under this Agreement shall be remitted in the relevant currency on the relevant Utilisation Date to the account of the Agent at such bank as the Agent may have notified to the Banks or the Working Capital Bank (as the case may be) and shall be paid by the Agent on such date in like funds as are received by the Agent to the account of the relevant Borrower specified in the relevant Utilisation Notice.


More Definitions of Working Capital Bank

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. Section 1.2
Sample 1
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.
Sample 1
Working Capital Bank means First Republic Bank.
Sample 1
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.
Sample 1

Related to Working Capital Bank

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

  • Working Capital Reserve shall have the meaning set forth in the Partnership Agreement.

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

  • Net Working Capital means current assets minus current liabilities.

  • 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 means the current assets of the Company as of the Effective Time (including all Cash and Cash Equivalents), determined in accordance with Accounting Principles but excluding any Tax assets.

  • Target Working Capital means $0.

  • Working Capital Escrow Amount means $1,000,000.

  • 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 shall have the meaning specified in Section 3.4(e).

  • Closing Net Working Capital means Net Working Capital as of the Adjustment Calculation Time.

  • 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(c).

  • 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 Consolidated Current Assets over Consolidated 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).