Working Capital Line definition

Working Capital Line has the meaning assigned to such term in Section 5.13(g).

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Working Capital Line a fee of 25 basis points (.25%) of the $2,000,000 face amount of the Working Capital Note, payable at Closing.

Working Capital Line means any line of credit available to Borrower for general working capital purposes and approved by Lender (which approval may be rescinded by Notice to Borrower).

Examples of Working Capital Line in a sentence

The Orthodontic Entity shall be entitled to draw funds from the Initial Working Capital Line up until six (6) months after the Acquisition Closing Date ("Loan Termination Date").
No Guarantor will incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Indebtedness of such Guarantor and senior in right of payment to, or pari passu in right of payment with, such Guarantor’s obligations under the Guaranty, other than a Working Capital Line.
The amount, if any, of the Initial Working Capital Line outstanding on the Loan Termination Date shall be repaid, in equal monthly installments (without interest) over a two-year period commencing on the Loan Termination Date.
Apple shall make available to the Orthodontic Entity an interest free line of credit ("Initial Working Capital Line") for the initial working capital needs of the Orthodontic Entity, up to a maximum amount equal to the reduction in Net Operating Amount attributable to changes in patient payment schedules.
Subject to the terms and conditions of the Agreement, as amended by this Amendment, the Renewal First Working Capital Line is hereby renewed in the maximum principal amount of $2,000,000.00.

More Definitions of Working Capital Line

Working Capital Line means the revolving twenty-four (24) month revolving line of credit in the maximum principal amount of $2,000,000 to fund the Borrower's short term working capital needs.

Working Capital Line means the line of credit provided by the Bank pursuant to Section 2.1(b) hereof.

Working Capital Line the working capital line of credit issued by Anadarko to the Borrower pursuant to that Working Capital Loan Agreement dated as of May 14, 2008, in an aggregate amount not exceeding $30,000,000.

Working Capital Line means the line of credit provided hereunder (a) to finance working capital requirements related to the Co-Borrowers’ purchase and sale of Product and (b) to provide for Letters of Credit to secure suppliers of Product and other parties. As of the Closing Date, the Working Capital Line is $80,000,000.00, subject to increase pursuant to Section 2.02.

Working Capital Line means a loan made by a Lender or an Affiliate of a Lender to a Foreign Subsidiary of the Borrower in support of working capital needs or other permitted corporate purposes.

Working Capital Line means the loans from Banks to Borrower evidencing by that certain First Amended and Restated Working Capital Line of Credit and Security Agreement (Servicing Secured) executed by Borrower, and the Bank dated SEPTEMBER 24, 1997, together with all modifications, amendments and renewals thereto and all documents representing, evidencing or securing such loans.

Working Capital Line means that revolving loan facility provided by Bank to Company to finance the working capital needs of the Company, available in Canadian and/or US Dollars, in the maximum amount as set forth in the Working Capital Note.