Working Capital Loan Commitment definition

Working Capital Loan Commitment means, with respect to each Working Capital Lender, the commitment of such Working Capital Lender to make Working Capital Loans, as set forth opposite the name of such Working Capital Lender in Schedule 2.01, as the same may be reduced in accordance with Section 2.07 (

Working Capital Loan Commitment means the commitment of a Working Capital Lender to make Working Capital Loans to Company pursuant to subsection 2.1A(iii), and "WORKING CAPITAL LOAN COMMITMENTS" means such commitments of all Working Capital Lenders in the aggregate.

Working Capital Loan Commitment means, with respect to each Lender, the amount, if any, set forth in SCHEDULE 1.1 as such Lender's "Working Capital Loan Commitment," as such amount may be amended from time to time.

Examples of Working Capital Loan Commitment in a sentence

• The Swing Line Loan Commitment shall expire on the Working Capital Loan Commitment Termination Date and all Swing Line Loans and all other amounts owed hereunder with respect to the Swing Line Loans shall be paid in full no later than that date; PROVIDED that the Swing Line Loan Commitment shall expire immediately and without further action on October 31, 1998, if the Tranche B Term Loans are not made on or before that date.

• Amounts borrowed under this subsection 2.1A(iii) may be repaid and, at any time to but excluding the Working Capital Loan Commitment Termination Date, reborrowed.

• Amounts borrowed under this subsection 2.1A(iv) may be repaid and, at any time to but excluding the Working Capital Loan Commitment Termination Date, reborrowed.

• Immediately following such demand by a beneficiary of payment under a Letter of Credit, the Administrative Agent shall give each Working Capital Lender prompt notice of the amount of the actual demand for payment, specifying such Lender's Working Capital Loan Commitment Percentage of the amount of such demand.

• Each such Note shall be payable to the order of such Lender in a principal amount equal to such Lender’s Construction Loan Commitment, Term Loan Commitment or Working Capital Loan Commitment, as applicable.

More Definitions of Working Capital Loan Commitment

Working Capital Loan Commitment means, relative to any Lender, such Lender's obligation to make Working Capital Loans pursuant to SECTION 2.1.1.

Working Capital Loan Commitment means, as to each Working Capital Lender, its obligation to make a Working Capital Loan to the Borrower pursuant to Section 2.03 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement; provided, that the aggregate principal amount of the Working Capital Lenders’ Working Capital Loan Commitments shall not exceed $5,000,000.

Working Capital Loan Commitment means Lender’s commitment to make Working Capital Loans hereunder up to an aggregate principal amount of $12,500,000 from time to time until the Working Capital Loan Maturity Date.

Working Capital Loan Commitment means, as to any Lender, the amount set forth opposite such Lender's name on Annex I hereto under the heading "Working Capital Loan Commitments" as such annex may be amended from time to time and as such amount may be reduced from time to time pursuant to the terms of this Agreement.

Working Capital Loan Commitment means, as to any Working Capital Lender, ------------------------------- its obligation to make Working Capital Loans to the Borrower in an aggregate amount not to exceed at any one time outstanding the amount set forth opposite such Working Capital Lender's name on Schedule 2.01 under the heading "Working ------------- Capital Loan Commitment" or, in the case of any Working Capital Lender that is an assignee, the amount of the assigning Lender's Working Capital Loan Commitment assigned to such assignee pursuant to Section 10.04 in each case as ------------- such amount may be adjusted from time to time as provided herein.

Working Capital Loan Commitment means, relative to any Lender, such Lender's obligation to make Working Capital Loans pursuant to SECTION 2.1.1. "WORKING CAPITAL LOAN COMMITMENT AMOUNT" means, on any date, $50,000,000, as such amount may be reduced from time to time pursuant to SECTION 2.2. "WORKING CAPITAL LOAN COMMITMENT TERMINATION DATE" means the earliest of (a) December 31, 1999, subject to SECTION 3.1.1; (b) the date on which the Working Capital Loan Commitment Amount is terminated in full or reduced to zero pursuant to SECTION 2.2; and (c) the date on which any Commitment Termination Event occurs. Upon the occurrence of any event described in CLAUSE (b) or (c), the Working Capital Loan Commitments shall terminate automatically and without any further action. "WORKING CAPITAL NOTE" means a promissory note of the Borrower payable to the Agent, in the form of EXHIBIT A hereto (as such promissory note may be amended, endorsed or otherwise modified from time to time), evidencing the aggregate Indebtedness of the Borrower resulting from outstanding Working Capital Loans, and also means all other promissory notes accepted from time to time in substitution therefor or renewal thereof. "WORKING CAPITAL PERCENTAGE" means, relative to any Lender, the Working Capital Percentage set forth opposite its signature hereto or set forth in the Assignment and Acceptance Agreement, as such percentage may be adjusted from time to time pursuant to Assignment and Acceptance Agreement(s) executed by such Lender and its Assignee Lender(s) and delivered pursuant to SECTION 11.11.1.

Working Capital Loan Commitment means the commitment of the Lender to ------------------------------- make Working Capital Loan Advances and/or incur Letter of Credit Obligations which commitment shall be $50,000,000 on the Closing Date, as such amount may be adjusted, if at all, from time to time in accordance with the Agreement.