Working Capital Facility Limit definition

Working Capital Facility Limit means, at any time, (a) $150,000,000 minus (b) the sum of (i) the aggregate amount of any Net Cash Proceeds of an Asset Sale applied by the Company or any of its Restricted Subsidiaries to the payment of any amount outstanding under any Working Capital Facility (whether or not resulting in a related reduction in commitments to extend credit thereunder) and (ii) the aggregate payments of principal of the Working Capital Facilities made from the proceeds of Shared Collateral either following a default in payment under any Working Capital Indenture --------- Facility or the foreclosure or other exercise or remedies by the lenders (or the agent therefor) under any Working Capital Facility in respect of any Lien therein.
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Working Capital Facility Limit shall have the meaning assigned to such term in the Indenture as in effect on the date hereof.
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Working Capital Facility Limit means L6,000,000;
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Examples of Working Capital Facility Limit in a sentence

  • LimitLoan Parties shall not permit the outstanding aggregate amount of Obligations at any time, to exceed the Working Capital Facility Limit (as such term is defined in the Senior Secured Note Indenture) or such greater amount as may be agreed to by Parent and Senior Secured Note Trustee, after the date hereof pursuant to an amendment to the Senior Secured Note Documents.

  • Notwithstanding the provisions of Section 2.1, an amount of the Facility not exceeding the Working Capital Facility Limit (the "Working Capital Facility") shall be solely the Commitment of and allocated to the Working Capital Lender.

  • At no time shall the aggregate of all outstanding: (a) Working Capital Advances under the Working Capital Facility exceed the Working Capital Facility Limit; or (b) Advances under the Syndicated Facility exceed the Syndicated Facility Limit.


More Definitions of Working Capital Facility Limit

Working Capital Facility Limit means, at any time, (a) $150,000,000 minus (b) the sum of (i) the aggregate amount of any Net Cash Proceeds of an Asset Sale applied by the Issuer or any of its Restricted Subsidiaries to the payment of any amount outstanding under any Working Capital Facility (whether or not resulting in a related reduction in commitments to extend credit thereunder), (ii) the aggregate payments of principal of the Working Capital Facilities made from the proceeds of Shared Collateral either following a default in payment under any Working Capital Facility or the foreclosure or other exercise or remedies by the lenders (or the agent therefor) under any Working Capital Facility in respect of any Lien therein and (iii) the aggregate amount of any Incurrence of Indebtedness by the Issuer or any of its Restricted Subsidiaries pursuant to clauses (g) and (i) of the second paragraph of Section 4.09 hereof.
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Working Capital Facility Limit means the aggregate amount of Cdn.$20,000,000 or the U.S. Dollar Equivalent thereof.
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Working Capital Facility Limit means (pound)6,000,000;
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Related to Working Capital Facility Limit

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

  • 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 Amount means the difference between (x) the total current assets of the Company and its Subsidiaries and (y) the total current liabilities (other than the New Company Debt, the Existing Company Debt and Deal Expenses) of the Company and its Subsidiaries (in each case calculated in accordance with GAAP immediately prior to the Effective Time and after giving effect to the Contribution, the Distribution and the disposition of cash and cash equivalents contemplated by Section 6.24).

  • 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 Advance has the meaning specified in Section 2.01(a).

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being €300,000,000 at the date of this Agreement.

  • 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.

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

  • Target Working Capital Amount means $75,000,000.

  • Target Net Working Capital Amount means $5,000,000.

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

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

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Total Facility has the meaning specified in Section 1.1.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Facility Limit means, $175,000,000, as reduced or increased from time to time pursuant to the terms hereof. References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the Aggregate Capital at such time.

  • Extended Revolving Facility Commitment shall have the meaning assigned to such term in Section 2.21(e).

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

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

  • Closing Date Net Working Capital shall have the meaning set forth in Section 2.03(c).

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $500,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Working Capital Target means $0.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.