Working Capital Facility Account definition

Working Capital Facility Account means the Account so designated established and created under Section 2.2(a) of the Intercreditor Agreement.
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Working Capital Facility Account means, prior to the Effective Date, the account so designated and established pursuant to the Intercreditor Agreement.
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Working Capital Facility Account. (iii) "Revenue Account"; (iv) "Operating Account"; (v) "Maintenance Reserve Account"; (vi) "Subordinated Debt Account"; (vii) "Subordinated Fee Account"; (viii) "Distribution Account"; (ix) "Completion Account"; and (x) "Loss Proceeds Account."
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Examples of Working Capital Facility Account in a sentence

  • No Loan Party shall open, or instruct the Depositary Bank or any other Person to open, any bank accounts other than the Collateral Accounts, any Permitted Working Capital Facility Account and any other account permitted under this Agreement.

  • The Working Capital Facility Account shall be funded with (a) monies transferred from the Revenue Account as and when specified in Section 3.11(b) and (b) monies on deposit in the Mill Owner Maintenance Reserve Account used pursuant to Section 5.22 of the Indenture or Section 4.29 of the IDB Lease Agreement, or any comparable provision of the Working Capital Facility.

  • 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 content of standards of proficiency is more likely than codes of practice to vary in substantive terms between the different regulated professions.

  • The Loan Parties shall not maintain any securities accounts or bank accounts other than the Collateral Accounts and any Permitted Working Capital Facility Account.

Related to Working Capital Facility Account

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

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

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

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

  • Facility Account means the Seller’s Account No. 55-66681 at Bank One.

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

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

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

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

  • Working Capital Deficit means the amount, if any, by which the Closing Working Capital is less than the Target Working Capital.

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

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

  • 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.

  • Working Capital Target means $0.

  • Closing Date Net Working Capital means the Net Working Capital as of the Closing Date.

  • 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.

  • 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.

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

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

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

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Final Closing Working Capital has the meaning set forth in Section 2.5(d).

  • Working Capital Surplus means the amount by which the Working Capital is greater than the Target Working Capital Amount.