Working Capital Borrowing definition

Working Capital Borrowing means a borrowing consisting of simultaneous Working Capital Advances of the same Type made by the Working Capital Lenders.

Working Capital Borrowing means a borrowing consisting of simultaneous Working Capital Advances of the same Type made by the Lenders.

Working Capital Borrowing means a Working Capital A Borrowing, a Working Capital B-1 Borrowing, a Working Capital B-2 Borrowing, a Working Capital B-3 Borrowing or a Canadian Borrower Borrowing.

Examples of Working Capital Borrowing in a sentence

• Each Working Capital Borrowing shall be in an aggregate amount of $1,000,000 or an integral multiple of $500,000 in excess thereof and shall consist of Working Capital Advances made simultaneously by the Working Capital Lenders ratably according to their Working Capital Commitments.

• Each Working Capital Borrowing shall consist of Working Capital Advances made simultaneously by the Lenders in accordance with their respective Pro Rata Shares of the Working Capital Facility.

• Part One of the contract Borrowing Requirements and Part Two Working Capital Borrowing Contract constitute a complete loan contract, with the same term in the two parts having the same meaning.

• Each Working Capital Borrowing shall be in an aggregate amount of $500,000 or an integral multiple of $100,000 in excess thereof (other than a Borrowing the proceeds of which shall be used solely to repay or prepay in full outstanding Letter of Credit Advances made by the Issuing Bank) and shall consist of Working Capital Advances made simultaneously by the Working Capital Lenders ratably according to their Working Capital Commitments.

• Each Working Capital Borrowing (other than any Reimbursement Refunding Borrowing) shall be in an aggregate amount of $100,000 or an integral multiple of $10,000 in excess thereof.

More Definitions of Working Capital Borrowing

Working Capital Borrowing has the meaning specified in Section 2.02(a).

Working Capital Borrowing means the aggregation of Working Capital Loans of the Lenders to be made to any Company pursuant to Section 3.01 on a single date.

Working Capital Borrowing means a Borrowing other than (a) a Borrowing the proceeds of which are used for Acquisitions or (b) a Borrowing the proceeds of which are used for non-working capital purposes (it being understood that any Borrowing the proceeds of which are used to make Distribution Payments shall constitute a "Working Capital Borrowing").

Working Capital Borrowing has the meaning set forth in the MLP Partnership Agreement.

Working Capital Borrowing means each Advance of Working Capital Loans by or on behalf of the Working Capital Lenders on any single date to the Borrower in accordance with Section 2.04 (Funding) and Article VII (Conditions Precedent).

Working Capital Borrowing means any principal amount advanced by Lender to Borrower pursuant to Section 2.01(b) hereof, the proceeds of which are used by Borrower to fund ordinary course working capital needs.

Working Capital Borrowing means a Borrowing that is (a) a Ratable Borrowing, (b) either a P&I Borrowing, T&I Borrowing, or Foreclosure Borrowing, (c) subject to the Working-Capital Commitment, and (d) supported by the Borrowing Base for Receivables.