Working Capital Facility Obligations definition

Working Capital Facility Obligations means the Working Capital Facility Indebtedness and all other Obligations in respect of Working Capital Facility Indebtedness.
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Working Capital Facility Obligations means (i) the principal of any Working Capital Loans and the amount of reimbursement obligations in respect of any Letters of Credit (in a maximum aggregate outstanding principal amount of $65,000,000) and (ii) all other Obligations under the Working Capital Facility Agreement and, to the extent related to such Obligations, the Security Documents.
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Working Capital Facility Obligations means all Obligations as defined in the Working Capital Facility, including any prepayment fee or early termination fee under the Working Capital Facility.
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Examples of Working Capital Facility Obligations in a sentence

  • Following the Discharge of Working Capital Facility Obligations, in connection with any decision by the Senior Subordinated Secured Parties under this Agreement, the votes of each Series of Senior Subordinated Secured Debt entitled to vote thereon shall be cast in the manner provided by, and in accordance with the decision of the holders of such Series of Senior Subordinated Secured Debt made pursuant to the terms of the corresponding Secured Debt Documents.

  • Each of the Notes Collateral Agent (on behalf of itself and the Noteholders) and the Pari Passu Collateral Agent (on behalf of itself and the Pari Passu Lenders), agrees that the Working Capital Facility Lenders and the Working Capital Facility Collateral Agent has no duty to them in respect of the maintenance or preservation of the Working Capital Facility Collateral, the Working Capital Facility Obligations or otherwise except as expressly set forth herein.

  • Until the Discharge of Working Capital Facility Obligations and the Discharge of Interim Notes Obligations, none of the Existing Notes Collateral Agent and the Existing Notes Noteholders or their Authorized Representatives shall seek or obtain or permit to be granted adequate protection with respect to their rights in the Shared Collateral in any Insolvency Proceeding (including adequate protection in the form of a lien on additional collateral, cash payment, periodic cash payments or otherwise).

  • Notwithstanding any other provision in this Article 12, the provisions of this Article 12 shall be void and of no force and effect if at any time the Working Capital Facility Obligations are not subordinated in right of payment, to substantially the same extent and in substantially the same manner as the Note Obligations are subordinated in right of payment as set forth in this Article 12, to the payment when due in full of the Parent Credit Facility Obligations.

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  • All Obligations on, or relating to, the Notes and the Guarantees will be subordinated in right of payment, in the manner and to the extent set forth in the Indenture, to the prior payment in full in cash or Cash Equivalents of Working Capital Facility Obligations, whether outstanding on the date of the Indenture or thereafter created, incurred, assumed or guaranteed.

  • Promptly after receipt of the proceeds of the Construction Loans made on the date of each Construction Facility Borrowing pursuant to Section 2.02(a), the Construction Facility Administrative Agent shall deposit such proceeds into the Dollar Disbursement Account; provided, that, any proceeds that are to be applied to the payment of Working Capital Facility Obligations shall be deposited with the Working Capital Facility Administrative Agent.

  • No provision of this Agreement or any Secured Document shall alter, modify, prejudice or otherwise adversely affect (i) the first priority Lien for the benefit of the Priority Facility Obligations and second priority Lien for the benefit of the Note Obligations and the Working Capital Facility Obligations in the Priority Collateral and (ii) the first priority Lien for the benefit of the Note Obligations and the Working Capital Facility Obligations in the Non-Priority Collateral.

  • No provision of this Agreement or any Secured Document shall alter, modify, prejudice or otherwise adversely affect the first priority Lien for the benefit of the Note Obligations and the Working Capital Facility Obligations.

  • After the occurrence and during the continuance of an Event of Default, all such distributions shall be applied to such part of the Working Capital Facility Obligations as is determined by the Working Capital Facility Lenders in their sole discretion or, in the event the Working Capital Facility Lenders fail to advise the Working Capital Facility Administrative Agent of their determination, by the Working Capital Facility Administrative Agent.


More Definitions of Working Capital Facility Obligations

Working Capital Facility Obligations in Section 1.1 of the Collateral Agency and Intercreditor Agreement is hereby amended by deleting therefrom the reference to “$50.0 million” and replacing such reference with “$65,000,000”.
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Working Capital Facility Obligations means all Obligations in favor of the Working Capital Facility Administrative Agent, the Working Capital Facility Lenders or, as applicable, the Intercreditor Agent for the benefit of the Working Capital Facility Administrative Agent or Working Capital Facility Lenders.
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Related to Working Capital Facility Obligations

  • Credit Facility Obligations means all “Obligations” (or any other defined term having a similar purpose) as defined in the Credit Agreement.

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

  • 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.

  • 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 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.

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

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

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

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • New Credit Facility is defined in Section 9.8.

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

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

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

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

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

  • Liquidity Obligations means all principal, interest, fees and other amounts owing to the Liquidity Providers under the Liquidity Facilities, Section 8.1 of the Participation Agreements or the Fee Letters.

  • Refinancing Term Loan Commitments has the meaning assigned to such term in Section 2.26(a).

  • Existing Credit Facility means the credit facility evidenced by that certain Credit Agreement, dated as of October 26, 2006, by and among the Borrower, the lenders party thereto, and JPMCB, as administrative agent, as amended.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Discharge of Credit Agreement Obligations means, with respect to any Shared Collateral, the Discharge of the Credit Agreement Obligations with respect to such Shared Collateral; provided that the Discharge of Credit Agreement Obligations shall not be deemed to have occurred in connection with a Refinancing of such Credit Agreement Obligations with an Additional Senior Debt Facility secured by such Shared Collateral under one or more Additional Senior Debt Documents which has been designated in writing by the Administrative Agent (under the Credit Agreement so Refinanced) to the Designated Senior Representative as the “Credit Agreement” for purposes of this Agreement.

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

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.