Working Capital Financing means the Working Capital Notes and one or more other debt facilities, arrangements, instruments, trust deeds or indentures between the Issuer (or any Group Company), as borrower, and one or more banks, institutions or investors, as lender, providing for revolving credit loans, performance guarantees, term loans, notes, letters of credit or other Financial Indebtedness in an aggregate principal amount not to exceed EUR 20,000,000 at any time outstanding, the proceeds of which shall be applied towards the working capital requirements of the Group, including the payment of any costs, fees and expenses related to, or arising in connection with, the 2019 Enforcement; provided that (i) any Working Capital Financing shall be secured by liens on the Transaction Security ranking pari passu with the liens securing the Bonds in accordance with the terms of the Intercreditor Agreement (provided, however, that under the terms of the Intercreditor Agreement, in an event of enforcement of any Transaction Security or certain distressed disposals the Bondholders will receive proceeds from such enforcement or disposal only after the obligations under each Working Capital Financing have been paid in full) and (ii) any lender under a Working Capital Financing (other than the Working Capital Notes) shall accede to the Intercreditor Agreement; provided further that any Financial Indebtedness incurred pursuant to this definition of “Working Capital Financing” may be refinanced at any time if such refinancing does not exceed the greater of (a) the aggregate principal amount of Financial Indebtedness permitted to be incurred pursuant to this definition of “Working Capital Financing” on the date of such refinancing and (b) the aggregate principal amount of the Financial Indebtedness being refinanced at such time (together with an amount necessary to pay accrued and unpaid interest and any fees and expenses, including any premium and defeasance costs, indemnity fees, discounts, premiums and other costs and expenses incurred in connection with such refinancing).
Working Capital Financing means any revolving credit facility, commercial paper program, bilateral overdraft facilities or other similar working capital financing taken up by any of the Group Companies’ and as replaced from time to time with similar financing sources.
Examples of Working Capital Financing in a sentence
Working Capital Financing will be prepaid in the cases and on the terms set forth in Section X of this Agreement.
The Working Capital Financing shall be paid with cash excess above the minimum amount required to finance the operation of the Business Group.
More Definitions of Working Capital Financing
Working Capital Financing means Advances made hereunder to Borrower for use by Borrower as working capital in Borrower's Ordinary Course of Business.
Working Capital Financing. The $10,600,000.00 revolving credit facility from PrivateBank in favor of Working Capital Line Borrowers, secured by all or substantially all of the personal property of each Working Capital Line Borrower, pursuant to the Working Capital Financing Agreement, as such credit facility may be modified, amended, renewed, extended, increased or restated from time to time.
Working Capital Financing shall have the meaning specified in paragraph 6.2.
Working Capital Financing has the meaning set forth in Section 2.4(a).
Working Capital Financing means a private placement to be completed by Astron prior to the Closing Date of up to 1,000,000 common shares of Astron at a price of $0.20 per share.
Working Capital Financing means any revolving, overdraft, leasing or guarantee credit facility incurred by the Issuer in an aggregate amount not exceeding SEK 50,000,000.
Working Capital Financing means the Bonds and one or more other debt facilities, arrangements, instruments, trust deeds or indentures between the Issuer (or any Existing Notes Issuer Group Company), as borrower, and one or more banks, institutions or investors, as lender, providing for revolving credit loans, performance guarantees, term loans, notes, letters of credit or other Financial Indebtedness in an aggregate principal amount not to exceed EUR 20,000,000 at any time outstanding, the proceeds of which shall be applied towards the working capital requirements of the Existing Notes Issuer Group Company, including the payment of any costs, fees and expenses related to, or arising in connection with, the 2019 Enforcement; provided that (i) any Working Capital Financing shall be secured by liens on the Transaction Security ranking pari passu with the liens securing the Bonds in accordance with the terms of the Intercreditor Agreement and (ii) any lender under a Working Capital Financing shall accede to the Intercreditor Agreement; provided further that any Financial Indebtedness incurred pursuant to this definition of