Working Capital Loan Borrowing definition

Working Capital Loan Borrowing means a borrowing of a Working Capital Loan pursuant to Section 2.03 (Borrowing of Working Capital Loans).
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Working Capital Loan Borrowing means a borrowing by the Borrower consisting of Working Capital Loans made on the same day by the Working Capital Banks ratably according to the respective Working Capital Loan Commitments.
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Working Capital Loan Borrowing means a borrowing of a Working Capital Loan pursuant to Section 2.03 (Borrowing of Working Capital Loans). “Working Capital Purposes” means either (a) Gas Working Capital Purposes or (b) General Working Capital Purposes, as applicable. “Working Capital Sublimit” means seven hundred forty million Dollars ($740,000,000), as the same may be increased from time to time in accordance with Section 2.05 (Incremental Commitments).
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Examples of Working Capital Loan Borrowing in a sentence

  • Notwithstanding anything herein to the contrary, including Section 6.04, any LC Disbursement by the LC Issuing Bank shall automatically be considered to be a Working Capital Loan Borrowing to the Borrower from the LC Issuing Bank and the other Working Capital Lenders making payments to the LC Issuing Bank in accordance with paragraph (f) of this Section in an amount equal to such Working Capital Lender’s Applicable Percentage of the LC Disbursement.

  • Within the limits of the Working Capital Commitment, the Borrower may borrow, prepay and reborrow pursuant to the terms hereof; provided, however, that the Working Capital Exposure shall at no time exceed the lesser of (y) the Working Capital Commitment or (z) the Working Capital Loan Borrowing Base.

  • Borrower shall have delivered a Notice of Working Capital Loan Borrowing to Administrative Agent in accordance with the procedures specified in Section 2.1.2(b).

  • Simultaneously with the delivery of Eligible Instruments to correct a Working Capital Loan Borrowing Base Shortfall, Borrower will deliver to Lender or cause Receivables Trustee to deliver to Lender all of the items (except for a "Request for Working Capital Loan Advance and Certification") required to be delivered by Borrower to Lender pursuant to paragraph 4.2, together with a "Borrower's Certificate" in form and substance substantially identical to Exhibit C.

  • Borrower shall have delivered a Notice of Working Capital Loan Borrowing to Administrative Agent in accordance with the procedures specified in Section 2.1.

  • The Borrower shall give the --------------------- Lender (to the representative of the Lender as identified on Schedule "2.1" ------------- hereto) written facsimile notice (or telephone notice confirmed promptly in writing by facsimile) not later than 11:00 a.m., New York City time, on the day of a requested Working Capital Loan Advance in the form of a Working Capital Loan Borrowing Request.

  • Lender further hereby agrees, if Borrower has Performed all of the Obligations then due, to make Advances of the Working Capital Loan to Borrower in accordance with the terms and conditions of this Agreement for the purposes specified in paragraph 2.4. The maximum amount of an Advance of the Working Capital Loan shall be equal to (a) the aggregate Working Capital Loan Borrowing Base less (b) the then unpaid principal balance of the Working Capital Loan.

  • The Lender shall be entitled to rely ------------------- upon, and shall be fully protected in relying upon, any Working Capital Loan Borrowing Request, Acquisition Loan Borrowing Request, request for the issuance of a Letter of Credit or similar notice believed by the Lender to be genuine.

Related to Working Capital Loan Borrowing

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

  • Term Loan Borrowing means a borrowing consisting of Term Loans made on the same day by the Term Loan Lenders ratably according to their respective Term Loan Commitments.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

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

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.

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

  • Incremental Term Loan Borrowing Date means, with respect to each Tranche of Incremental Term Loans, each date on which Incremental Term Loans of such Tranche are incurred pursuant to Section 1.01(c) and as otherwise permitted by Section 1.14.

  • 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

  • Term B Borrowing means any Borrowing comprised of Term B Loans.

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

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Revolving Loan Notes means the promissory notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Initial Borrowing means the first Borrowing by the Borrower under this Agreement.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loans as defined in Section 2.1.

  • Term Loan as defined in Section 2.1.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Term Borrowing means a borrowing consisting of Term Loans of the same Type and the same Class and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders of the applicable Class under this Agreement.