Working Capital Loan definition

Working Capital Loan has the meaning provided in Section 2.04(a) (Working Capital Loan Availability).
View Source
Working Capital Loan refers to the loan in local or foreign currency granted by the lender upon the application of the borrower which will be used as working capital to support routine production and operation of the borrower.
View Source
Working Capital Loan means a Loan of any Type made by a Bank to the Borrower under Section 2.3 hereof the proceeds of which are used to meet the working capital requirements of the Borrower.
View Source

Examples of Working Capital Loan in a sentence

  • The Borrower unconditionally and irrevocably promises to pay to the Credit Facility Agent for the ratable account of each Working Capital Lender the aggregate outstanding principal amount of each LC Loan no later than 5:00 p.m. on the Working Capital Loan Termination Date.

  • Each Working Capital Lender’s Working Capital Commitment shall expire on the Working Capital Loan Termination Date and all other amounts owed hereunder with respect to Working Capital Loans and the Working Capital Commitments shall be paid in full no later than such date.

  • Neither the Credit Facility Agent nor the Working Capital Lenders are under any obligation hereunder to inquire into or verify the application of any Working Capital Loan but this does not affect or limit any Obligor’s obligations hereunder or under the Common Terms Agreement.

  • The Obligors shall not request or apply any portion of any Working Capital Loan other than in accordance with this Section 2.03 (Working Capital Loans), Sections 2.04 (Working Capital Loan Availability) and 2.09 (Use of Proceeds) of this Agreement and Sections 2.3 (Loan Disbursement and Letter of Credit Issuance Procedures) and 2.6 (Currency) of the Common Terms Agreement.

  • Notwithstanding anything to the contrary set forth in Section 4.03(a) (Repayment of Working Capital Advances), the Borrower unconditionally and irrevocably promises to pay to the Credit Facility Agent for the ratable account of each Working Capital Lender, on the Working Capital Loan Termination Date, an amount equal to the aggregate principal amount of all Working Capital Loans then-outstanding.


More Definitions of Working Capital Loan

Working Capital Loan has the meaning assigned that term in Section 4.05(d).
View Source
Working Capital Loan means a loan made by a Senior Lender pursuant to Section 2.03 (Borrowing of Working Capital Loans).
View Source
Working Capital Loan means a loan made by the General Partners to the Partnership as described in Section 9.1
View Source
Working Capital Loan is defined in Section 3.4(a).
View Source
Working Capital Loan has the meaning set forth in Section 5.11.
View Source
Working Capital Loan means each loan the Sponsor, an affiliate of the Sponsor, or certain of CRIS’s officers and directors or their affiliates may, but are not obligated to, loan CRIS funds as may be required in order to finance transaction costs in connection with an initial business combination.
View Source
Working Capital Loan means each Revolving Loan incurred by the Borrower hereunder which does not constitute an Acquisition Loan.
View Source