Working Capital Budget definition

Working Capital Budget means, with respect to any Fiscal Year, the component of the Operating Budget for such fiscal year submitted by Borrower to Lender in accordance with the provisions of Section 5.1(r)(viii) which sets forth, for each calendar month or other applicable time period, the amount of the working capital reserve budgeted for such time period and changed thereto over the course of such budget period (such working capital reserve amount for any given time period is herein referred to as the “Working Capital Reserve Amount”).
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Working Capital Budget means, for any Property, the budget approved by Lender setting forth the amount of Working Capital Advances allocated to pay Capital Expenditures, Tenant Improvements and Leasing Costs incurred in connection with such Property.
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Working Capital Budget means the three year budget of the working capital and operating expenses for the Facility, prepared by Manager and approved by Lender, a copy of which is attached hereto as Exhibit C, and as revised from time to time, subject to the prior written approval of Lender which shall not be unreasonably withheld.
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Examples of Working Capital Budget in a sentence

  • Promptly following the occurrence and during the continuance of an Event of Default, the Borrower shall submit or cause to be submitted to Lender a Working Capital Budget for the remainder of the Fiscal Year during which such Event of Default occurs and by not later than the end of each of Borrower’s Fiscal Years with respect to the subsequent Fiscal Year.

  • With respect to any funding to be advanced for Capital Expenditures, in no event shall the Working Capital Advances with respect to any single Property exceed (in the aggregate for all Capital Expenditures made in respect of such Property) the total amount of Loan funds allocated to Capital Expenditures in the approved Working Capital Budget for such Property.

  • Lender shall have approved the Working Capital Budget for the Property for which the Working Capital Advance is requested.

  • Borrower shall have delivered to Lender the Working Capital Budget and the Disbursement Schedule in form and substance reasonably satisfactory to Lender.

  • In accordance with the Management Agreement, Manager will use the Loan Advances exclusively for the working capital needs of the Facility in accordance with the Working Capital Budget.

  • Exhibit C of the Loan Agreement, Working Capital Budget, is amended to substitute the Exhibit C attached hereto and made a part hereof.

  • Alliance shall provide the Initial Working Capital Budget pursuant to the Letter Agreement, the services of the Alliance employees and access to Alliance services pursuant to the Technology Integration Agreement, and PanOptic shall assign and transfer to Newco the PanOptic Assets pursuant hereto.

  • Borrower shall also deliver to Lender such amended "tie-in" (aggregation of coverage) endorsements, and amended reinsurance agreements, as Lender shall require to reflect the amount of the Shattuck Office Center Holdxxxx, xlus the amount of Loan funds allocated to the Working Capital Budget for the Shattuck Office Center Propertx.

  • Promptly following the occurrence and during the continuance of an Event of Default, the Borrower shall submit or cause to be submitted to Lender a Working Capital Budget for the remainder of the Fiscal Year during which such Event of Default occurs and by not later than the end of each of Borrower's Fiscal Years with respect to the subsequent Fiscal Year.

  • Vision2: Establish Working Capital Metric: Preserve Working Capital Budget Impact: NoneMid/End Yr Update: End-Year UpdateStatus: Started; Need To Revise Finish DateThe NAD requirement will necessitate a need for larger margin to grow working capital (06/25/2019)Mid/End Yr Update: Mid-Year UpdateStatus: Not Started; Need To Revise Finish DateTo reach the NAD levels would require $5.4 million.


More Definitions of Working Capital Budget

Working Capital Budget means, with respect to any Fiscal Year, the component of the Operating Budget for such fiscal year submitted by Borrower to Lender in accordance with the provisions of
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Related to Working Capital Budget

  • Working Capital Advance has the meaning specified in Section 2.01(c).

  • 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).

  • Capital Budget has the meaning given in Section 3.11(a).

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

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

  • 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.

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

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

  • Target Working Capital Amount means $162,000,000.

  • Working Capital Adjustment shall have the meaning set forth in Section 3.5(c)(i).

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

  • Target Working Capital has the meaning set forth in Section 2.04(a)(ii).

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

  • Estimated Net Working Capital has the meaning set forth in Section 2.3(a).

  • 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.

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

  • Working Capital Target means $0.

  • Working Capital Deficit means the amount by which the Working Capital is less than the Target Working Capital Amount.

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

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

  • Working Capital means, on any date, Current Assets less Current Liabilities.

  • Estimated Working Capital has the meaning set forth in Section 2.3(a).

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Target Net Working Capital Amount means an amount equal to $23,085,000.00.

  • Working Capital Loan has the meaning provided in Section 2.04(a) (Working Capital Loan Availability).