Working Capital Facility definition
Examples of Working Capital Facility in a sentence
The Loan Parties shall not maintain any securities accounts or bank accounts other than the Collateral Accounts and any Permitted Working Capital Facility Account.
Each Lender hereby authorizes the Administrative Agent to enter into (i) an intercreditor agreement referenced in clause (d) of the definition of “Permitted Working Capital Facility” in connection with any Loan Party’s entrance into any Permitted Working Capital Facility and (ii) any amendments or supplements thereto and other documents in connection therewith, in each case as the Administrative Agent shall determine are reasonably necessary or desirable in connection therewith.
Except as otherwise specified in this Section 5.29, Borrower shall deposit all amounts transferred from the Permitted Working Capital Facility Account to the Revenue Account pursuant to the Permitted Working Capital Facility Documents.
No Loan Party maintains, or has caused the Depositary Bank or any other Person to maintain, any accounts other than the Collateral Accounts, any Permitted Working Capital Facility Account and any other account permitted under the Financing Documents.
The Members Working Capital Facility shall be terminated and all Member Loans outstanding thereunder shall be paid off prior to or concurrent with the closing of the sale of the Triggering Member’s Company Interests to the Non-Triggering Member.