Working Capital Credit Facilities definition

Working Capital Credit Facilities mean, collectively, (a) the Five-Year Working Capital Credit Agreement, and (b) that certain Term Loan Credit Agreement dated as of June 23, 2008 by and among the Borrower, Wachovia Bank, National Association, as administrative agent, and the lenders party thereto.
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Working Capital Credit Facilities mean, collectively, (a) the Five-Year Credit Agreement dated as of November 16, 2007, by and among the Borrower, Bank of America, N.A., as administrative agent, and the lenders party thereto, (b) the 364-Day Credit Agreement dated as of November 16, 2007, by and among the Borrower, Bank of America, N.A., as administrative agent, and the lenders party thereto, and (c) any revolving credit or comparable credit agreement dated on or after the Closing Date by and among the Target and any financial institutions thereto.
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Working Capital Credit Facilities mean, collectively, (a) the 364-Day Bridge Credit Agreement, (b) the 364-Day Working Capital Credit Agreement and (c) the Five-Year Credit Agreement.
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Examples of Working Capital Credit Facilities in a sentence

  • All references in the Loan Agreement and all the Loan Documents to the term "Working Capital Credit Facility A" and the term "Working Capital Credit Facility B" and the term "Working Capital Credit Facilities" shall be deemed references to the Consolidated Working Capital Credit Facility.

  • Nobel agrees that any additional capital raised as a result of a Capital Raising Event will be applied as Nobel elects to (i) repay the outstanding principal balance and accrued interest thereon of the Acquisition Credit Facility, (ii) repay the outstanding principal balance and accrued interest thereon of the Working Capital Credit Facilities, and (iii) for general corporate purposes.

  • The Company shall give the Purchaser written notice as soon as practicable (but prior to the effectiveness) of any amendment of, waiver or consent, and any request therefor, under the Working Capital Credit Facilities.

  • At all times while the Note is outstanding, the Company shall not incur any Indebtedness, or grant any Liens, with senior or pari passu rights in payment or collateral, except as permitted under the Note or the Working Capital Credit Facilities.

  • Notwithstanding anything contained in the Loan Agreement, this Amendment or the other Loan Documents to the contrary, Borrowers agree that Borrowers will not request and Lenders will not be obligated to make after the date hereof (i) any advance to Borrowers under the Acquisition Credit Facility, and (ii) any advance to Borrowers under the Working Capital Credit Facilities which advance will be applied by Borrowers to reduce the outstanding principal balance of the Acquisition Credit Facility.

  • Borrowers agree to use advances under the (a) Working Capital Credit Facilities for general corporate purposes, (b) Acquisition Credit Facility to fund Permitted Acquisitions and (c) Term Loan to term out a portion of the existing revolving credit facility extended under the Prior Loan Agreement.

  • On any Business Day, Borrowers may request an advance under the Working Capital Credit Facilities or, during the Acquisition Credit Facility Advance Period, the Acquisition Credit Facility, by delivering to the bank officer designated by Agent no later than 11:00 a.m. Philadelphia time on the Business Day such advance is requested to be funded, a Borrowing Request in the form of Exhibit "F" attached hereto and such other documentation as Agent may from time to time require.

  • Borrowers will pay interest on the principal balance of the Working Capital Credit Facilities monthly, on the first day of each calendar month commencing the first day of the first calendar month following the date hereof and on the last day of each Rate Period, as applicable.


More Definitions of Working Capital Credit Facilities

Working Capital Credit Facilities means all committed credit facilities, the proceeds of which are used solely to provide working capital to MPIC.
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Working Capital Credit Facilities shall have the meaning provided for such term in Section 3.5 below.
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Related to Working Capital Credit Facilities

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

  • New Credit Facility is defined in Section 9.8.

  • Credit Facilities means one or more debt facilities (including, without limitation, the Senior Credit Facility) or commercial paper facilities with banks or other institutional lenders providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders against such receivables) or letters of credit, in each case, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time.

  • Revolving Credit Facilities means the collective reference to the Dollar Revolving Credit Facility and the Alternative Currency Revolving Credit Facility.

  • 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.

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

  • Principal Credit Facility means any loan agreement, credit agreement, note purchase agreement, indenture or similar document under which credit facilities in the aggregate original principal or commitment amount of at least $20,000,000 are provided for.

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

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Senior Credit Facilities means, collectively, the Senior ABL Facility and the Senior Term Facility.

  • Existing Credit Facilities means (a) the 364-Day Credit Agreement dated as of February 28, 2012 among TMCC, TMFNL, TFSUK, TLG, TCPR, TCCI and TKG, the lenders party thereto, BNP Paribas, as administrative agent, swing line agent and swing line lender, Citibank, N.A., as syndication agent and swing line lender, Bank of America, N.A., as syndication agent and swing line lender, The Bank of Tokyo-Mitsubishi UFJ, Ltd., as syndication agent, and JPMorgan Chase Bank, N.A., as documentation agent, (b) the Three Year Credit Agreement dated as of March 1, 2011, as amended by Amendment No. 1 dated as of February 28, 2012, among TMCC, TMFNL, TFSUK, TLG, TCPR, TCCI and TKG, the lenders party thereto, BNP Paribas, as administrative agent, swing line agent and swing line lender, Citibank, N.A., as syndication agent and swing line lender, Bank of America, N.A., as syndication agent and swing line lender, The Bank of Tokyo-Mitsubishi UFJ, Ltd., as syndication agent, and JPMorgan Chase Bank, N.A., as documentation agent, and (c) the Five Year Credit Agreement dated as of March 1, 2011, as amended by Amendment No. 1 dated as of February 28, 2012, among TMCC, TMFNL, TFSUK, TLG, TCPR, TCCI and TKG, the lenders party thereto, BNP Paribas, as administrative agent, swing line agent and swing line lender, Citibank, N.A., as syndication agent and swing line lender, Bank of America, N.A., as syndication agent and swing line lender, The Bank of Tokyo-Mitsubishi UFJ, Ltd., as syndication agent, and JPMorgan Chase Bank, N.A., as documentation agent.

  • ABL Credit Facility means the agreement, dated as of March 30, 2015, among the Company, the Subsidiaries of the Company that borrow or guarantee obligations under such agreement from time to time, as “Credit Parties,” the lenders parties thereto from time to time and Bank of America, N.A., as agent (or its successor in such capacity), together with the related notes, letters of credit, guarantees and security documents, and as the same may be amended, restated, amended and restated, supplemented or modified from time to time and any renewal, increase, extension, refunding, restructuring, replacement or refinancing thereof (whether with the original administrative agent and lenders or another administrative agent, collateral agent or agents or one or more other lenders or additional borrowers or guarantors and whether provided under the original ABL Credit Facility or one or more other credit or other agreements or indentures).

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Credit Facility Indebtedness means any and all amounts, whether outstanding on the Issue Date or thereafter Incurred, payable under or in respect of any Credit Facility, including without limitation principal, premium (if any), interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Company or any Restricted Subsidiary whether or not a claim for post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees, other monetary obligations of any nature and all other amounts payable thereunder or in respect thereof.

  • Material Credit Facility means, as to the Company and its Subsidiaries,

  • Existing Credit Facility means that certain Credit Agreement, dated as of December 6, 2012, by and among the Borrower, certain Subsidiaries of the Borrower, the lenders party thereto and Bank of America, N.A. as administrative agent, as amended, restated or otherwise modified from time to time prior to the date hereof.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Net Working Capital means current assets minus current liabilities.

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

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

  • Working Capital means, with respect to the Borrower and the Subsidiaries on a consolidated basis at any date of determination, Current Assets at such date of determination minus Current Liabilities at such date of determination; provided, that, for purposes of calculating Excess Cash Flow, increases or decreases in Working Capital shall be calculated without regard to any changes in Current Assets or Current Liabilities as a result of (a) any reclassification in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent or (b) the effects of purchase accounting.

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).