Working Capital Expenses definition

Working Capital Expenses means any Servicing Expenses, Pre-Approved Charges, Funding Draws (or permitted uses thereof, as the context may require), Management Fee, Interim Management Fee, Interim Servicing Fee or fees of the Custodian and Paying Agent.

Working Capital Expenses means costs and expenses incurred by the Company and its Subsidiaries in connection with capital improvements, tenant improvements, leasing commissions, and environmental remediation at the Properties and in connection with debt service shortfalls on any indebtedness of the Company or any of its Subsidiaries or any debt service shortfalls on Preferred Equity Financing.

Working Capital Expenses has the meaning given in the LLC Operating Agreement. “Working Capital Reserve” has the meaning given in Section 3.6.

Examples of Working Capital Expenses in a sentence

• The proceeds of Excess Working Capital Advances for payment of Working Capital Expenses shall be deposited into the Collection Account for disbursement therefrom for the payment of such permitted Working Capital Expenses.

• In no event may Discretionary Funding Advances be used for payment of any Working Capital Expenses other than Funding Draws.

• To the extent multiple Working Capital Expenses (payment of which is permitted to be made using such Excess Working Capital Advance) are outstanding, any funding or use by the Manager of Excess Working Capital Advances for payment of all or any of the same shall follow the relevant priorities as set forth in the Priority of Payments and in Section 3.1 of the Custodial and Paying Agency Agreement, as applicable.

• The Manager shall direct the Paying Agent to deposit any Excess Working Capital Advances to pay Working Capital Expenses into the Collection Account (from which the funds will be available to pay such Working Capital Expenses) and shall direct the Paying Agent to deposit any Excess Working Capital Advances as might be required to cure a Purchase Money Notes Trigger Event into the Defeasance Account.

• The Manager shall make Excess Working Capital Advances to the Paying Agent from its own funds in accordance with the terms described in Section 5.4 of the LLC Operating Agreement and to the extent that there are insufficient funds (a) in the Collection Account or the Working Capital Reserve with which to pay Working Capital Expenses in full or (b) in the Distribution Account to fund the Defeasance Account by such amount as might be required to cure a Purchase Money Notes Trigger Event.

More Definitions of Working Capital Expenses

Working Capital Expenses means expenses which are working capital expenditures within the meaning of Treas. Reg. § 1.150-1(b) except expenses meeting the exceptions set forth in Treas. Reg. § 1.148-6(d) (3)(ii).

Working Capital Expenses means, collectively, Project Costs relating to initial start-up and testing of a Plant, Operation and Maintenance Expenses and Maintenance Capital Expenses.

Working Capital Expenses means, collectively, costs of goods prior to the Conversion Date, Operation and Maintenance Expenses, Maintenance Capital Expenses, margin calls, Project Costs relating to the initial start-up and testing of the Project, breakage costs or other termination payments under any Permitted Commodity Hedging Arrangement .

Working Capital Expenses means Borrower’s expenses related to day-to-day operations of Borrower, including, without limitation, rent, payroll, inventory purchases, operational costs, annual routine and customary maintenance costs for each Project in an aggregate amount of up to $50,000 (any maintenance costs for any Project in excess of such threshold must be approved in writing by Agent Lender in its sole and absolute discretion), interest expense and construction costs associated with the Remaining Construction Projects. Notwithstanding the foregoing, Working Capital Expenses do not include (i) any bonuses to employees of Parent, Borrower or any Borrower Subsidiary or (ii) construction costs associated with any Project that is not a Remaining Construction Project.

Working Capital Expenses means expenses which are working capital expenditures within the meaning of Treas. Reg. § 1.150–1(b) except expenses meeting the exceptions set forth in Treas. Reg. § 1.148–6(d)(3)(ii).

Working Capital Expenses means operating expenses and other working capital requirements of the Company in connection with the Project, limited, prior to when the Project is first Operating, as contemplated in and to the extent permitted by the Construction Disbursement Budget.

Working Capital Expenses means operating expenses and other working capital requirements of the Company in connection with the Riviera Black Hawk, limited, prior to when the Riviera Black Hawk is first Operating, as contemplated in and to the extent permitted by the Construction Disbursement Budget.