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 of Working Capital Loans.
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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

  • If no initial Interest Period is specified with respect to any requested LIBO Loans, then the requested Working Capital Loan Borrowing shall be made as a LIBO Loan with an initial Interest Period of one month.

  • The applicable basis for determining the rate of interest with respect to any Working Capital Loan shall be selected by Borrower initially at the time a Notice of Working Capital Loan Borrowing is given with respect to such Working Capital Loan pursuant to Section 2.1.2(b), and the basis for determining the interest rate with respect to any Working Capital Loan may be changed from time to time pursuant to Section 2.1.

  • 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).

  • Furthermore, Borrower shall not be entitled to obtain Advances of the Working Capital Loan after the expiration of the Working Capital Loan Borrowing Term unless Lender, in its discretion, agrees in writing with Borrower to make such Advances thereafter on terms and conditions satisfactory to Lender.

  • If such Senior Lender pays such corresponding amount (together with such interest), then such corresponding amount so paid shall constitute such Senior Lender’s Working Capital Loan included in such Working Capital Loan Borrowing.

  • Each Working Capital Bank shall, before 11:00 A.M. (New York City time) on the date of the proposed Working Capital Loan Borrowing, make available for the account of its Lending Office to the Working Capital Agent at its address referred to in Section 12.2, in immediately available funds, such Working Capital Bank's Ratable Portion of such proposed Working Capital Loan Borrowing.

  • 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.


More Definitions of Working Capital Loan Borrowing

Working Capital Loan Borrowing means a borrowing consisting of simultaneous Working Capital Loans made on the same day.
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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 simultaneous Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • 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(a).

  • 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 Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • 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 a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • 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.

  • Pro-Rata Borrowing has the meaning assigned to such term in Section 2.03(a).

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced 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 of Canadian Loans.

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

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

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

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Term Loan has the meaning specified in Section 2.01(b).

  • Revolving Loans as defined in Section 2.4(a).

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