Working Capital Commitment Fee definition

Working Capital Commitment Fee shall have the meaning assigned to that term in Section 2.05(b).
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Working Capital Commitment Fee has the meaning provided in Section 4.15(a) (Fees).
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Working Capital Commitment Fee means a fee payable by the Company in consideration of the Lender's issuance of the Commitment. The amount of the Working Capital Commitment Fee is set forth in Section 2.13 hereof.
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Examples of Working Capital Commitment Fee in a sentence

  • The accrued Working Capital Commitment Fee shall be payable in arrears on each Quarterly Date.

  • Notwithstanding the foregoing, the Borrower will not be required to pay any Working Capital Commitment Fee to any Working Capital Lender with respect to any period in which such Working Capital Lender was a Defaulting Lender.

  • The Working Capital Commitment Fee shall accrue at all times during the Working Capital Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the Working Capital Maturity Date.

  • The Working Capital Commitment Fee shall accrue at all times during the Working Capital Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each January, April, July, and October, commencing with the first such date to occur after the Closing Date, and on the Working Capital Maturity Date.

  • If the Working Capital Commitment terminates prior to the Working Capital Maturity Date, the unpaid balance of the Working Capital Commitment Fee shall be due and payable in full on the date of such termination.

  • The Commitment Fee and the Working Capital Commitment Fee shall constitute Obligations for all purposes under the Credit Agreement and shall be non-refundable when paid.

  • Thereafter, the Company shall make quarterly payments of the Working Capital Commitment Fee on the first (1st) day of each Calendar Quarter.

  • The Working Capital Commitment Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

  • The Working Capital Commitment Fee shall be calculated quarterly in arrears together with the determination of changes to the Applicable Rate pursuant to Section 2.08(d).

  • The Company shall not be entitled to a reduction in the amount of the Working Capital Commitment Fee in the event the amount of the Working Capital Commitment is reduced or in the event that the Working Capital Commitment is terminated prior to its stated expiration date.

Related to Working Capital Commitment Fee

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

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

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

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

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

  • 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.

  • Revolving Commitment Fee has the meaning specified in Section 2.09(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.

  • Capital Commitment means, for any Borrower, the capital commitment of its Investors in the amount set forth in the applicable Subscription Agreements; “Capital Commitments” means all such Capital Commitments, collectively.

  • Working Capital Adjustment Amount has the meaning set forth in Section 2.1(b)(ii). Section 1.2

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

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

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

  • 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 Escrow Amount means $1,000,000.

  • Target Net Working Capital Amount means $0.

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

  • 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.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

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

  • Working Capital Units shall have the meaning given in the Recitals hereto.