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.

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.
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.
This major project will enable higher education institutions better to understand the distribution of costs between teaching, research and other activities.
IFCI Limited and Bank of India have classified the company’s term loan accounts as “Non-performing Asset” during the earlier financial year.The Working Capital Banks of the company have issued notices to the company under Section 13 (2) of The SARFAESI Act.
Debts aggregating to over Rs. 500 Crores due to Working Capital Banks were settled through the route of “Assignment of Debt”, resulting in a gain of Rs.377 Crores.

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 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 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 each bank that becomes party to the Working Capital Facility.

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.

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

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