Working Capital Banks definition

Working Capital Banks means Citibank, N.A. and The Chase Manhattan Bank and any of their successors and permitted assigns, as lenders under the Working Capital Facility.

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Working Capital Banks means, initially, Bank of America, N.A. and, if any Operating Company desires to replace Bank of America, N.A. as a Working Capital Bank, then, (a) each Eligible Institution designated by such Operating Company as a Working Capital Bank and reasonably approved by Lender from time to time in accordance with the terms hereof, or (b) any other financial institution designated by such Operating Company as Working Capital Bank and reasonably approved by Lender and, if a Securitization has occurred, with respect to which a Rating Agency Confirmation has been obtained.

Working Capital Banks means any Bank that maintains a Working Capital Commitment or has outstanding Working Capital Loans and participations in respect of L/C Obligations.

Examples of Working Capital Banks in a sentence

Each of the Working Capital Banks will be deemed to have approved such Issuance, amendment or renewal, and shall participate in Letters of Credit Issued for the account of the Co-Borrowers.
Such notice shall specify the aggregate amount of Swingline Loans in which the Working Capital Banks will acquire participations.
Interest under Clause 9.2.1 on amounts outstanding by way of overdraft under the Working Capital Facility shall be paid by the relevant Borrower to the Working Capital Bank, on the Working Capital Bank's usual quarterly charging days and the Working Capital Repayment Date and will accrue from day to day on the basis of actual days elapsed and a year of 365 days (in the case of Sterling borrowings) or 360 days (in the case of Canadian Dollar or Optional Currency (other than Sterling) borrowings).
The Co-Borrowers shall pay to Agent, for the account of each of the Working Capital Banks, a letter of credit fee with respect to each of the Letters of Credit Issued hereunder equal to the greater of (i) $750.00 per quarter, or (ii) an amount equal to the applicable Letters of Credit Fee Rate for the number of days such Letter of Credit is outstanding, calculated on a 360‑day basis, taking into consideration all increases, decreases or extensions thereto.
Each Working Capital Bank shall comply with its obligation under this paragraph by wire transfer of immediately available funds, in the same manner as provided in Section 2.05 with respect to Loans made by such Working Capital Bank (and Section 2.05 shall apply, mutatis mutandis, to the payment obligations of the Working Capital Banks).

More Definitions of Working Capital Banks

Working Capital Banks means the financial institutions which are party to the Working Capital Facility Agreement as lenders;

Working Capital Banks means each bank that becomes party to the Working Capital Facility.

Working Capital Banks means the Banks as defined in the Working Capital Facility Agreement.

Working Capital Banks and "WORKING CAPITAL BORROWERS" includes, in each case, their respective successors and, in the case of the Finance Parties, their respective permitted assignees, permitted transferees and Substitutes, whether immediate or derivative.

Working Capital Banks means Summit Bank and First Union National Bank, N.

Working Capital Banks means each person whose name is set out in the relevant part of schedule 1 or which assumes rights and obligations in respect of the Working Capital Facility pursuant to a Substitution Certificate provided that upon (i) termination in full of all the Commitments of any Working Capital Bank, and (ii) irrevocable payment in full of all amounts which may be or become payable to such Working Capital Bank under the Finance Documents, such Bank shall not be regarded as being a Working Capital Bank for the purposes of determining whether any provision of any of the Finance Documents requiring consultation with or the consent or approval of or instructions from the Banks or the Majority Banks has been complied with;

Working Capital Banks means the financial institutions or other --------------------- Persons (including Affiliates of the Issuer) from time to time party to a Working Capital Agreement.