Working Capital Loan Termination Date definition

Working Capital Loan Termination Date has the meaning provided in Section 2.04(a) (Working Capital Loan Availability).
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Working Capital Loan Termination Date shall have the meaning ascribed to such term in the Intercreditor Agreement.
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Working Capital Loan Termination Date means the date on which Working Capital Agent and Working Capital Lenders shall have received payment in full of all Working Capital Debt.
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Examples of Working Capital Loan Termination Date in a sentence

  • 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.

  • 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.

  • 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.

  • All LC Guaranties shall expire on or before the Working Capital Loan Termination Date.

  • The Working Capital Loan Termination Date and the Corporate Acquisition Revolving Loan Termination Date are collectively referred to herein as the "Termination Date".

  • Such non-use fee shall be payable in arrears on the first day of each January, April, July and October (commencing on January 1, 1996) and on the Working Capital Loan Termination Date (or such earlier date on which the Working Capital Loan Commitment shall terminate) for any period then ending for which such fee shall not have been theretofore paid.

  • If no Event of Default or Unmatured Event of Default has occurred and is continuing on the then scheduled Working Capital Loan Termination Date, the Working Capital Loan Termination Date shall be extended for an additional one year period as so requested, but in no event beyond November 15, 2001.

  • No Interest Period with respect to any Working Capital Loan shall extend beyond the Working Capital Loan Termination Date.

  • Accrued non-use fees shall be payable in arrears on each Quarterly Date and on the earlier of each of the date the relevant Commitments are terminated and the applicable Acquisition Loan Termination Date or Working Capital Loan Termination Date.

  • All proceeds of the Collateral received by Working Capital Agent after the Working Capital Loan Termination Date or to the extent that Working Capital Agent is not entitled to priority with respect thereto under Section 2.2 hereof shall be forthwith paid over, in the funds and currency received, to Term Loan Agent for application to the Term Loan Debt (subject to Section 2.5 hereof and unless otherwise required by law).


More Definitions of Working Capital Loan Termination Date

Working Capital Loan Termination Date means November 11, 1997, being 364 days from the date of Closing and initial funding, unless extended in writing by the Banks in their sole discretion. The definitions in this Section I shall apply equally to both the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words "include", "includes" and "including" shall be deemed to be followed by the phrase "without limitation". All references herein to Articles, Sections, Exhibits and Schedules shall be deemed references to Articles and Sections of, and Exhibits and Schedules to, this Agreement unless the context shall otherwise require. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with generally accepted accounting principles, as in effect from time to time.
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Working Capital Loan Termination Date means the date that Working Capital Agent and Working Capital Lenders have received payment in full in cash or other immediately available funds of all of the Working Capital Debt, Working Capital Agent shall have received either cash collateral or a letter of credit with respect to contingent obligations in accordance with the terms of Section 13.1(a) of the Working Capital Loan and Security Agreement as in effect on the date hereof (provided that as to contingent obligations in connection with letter of credit accommodations, such cash collateral (or the amount of the letter of credit issued to Working Capital Agent in respect of such contingent obligations, as the case may be) shall not exceed 105% of the face amount of the letters of credit for which Working Capital Agent or Working Capital Lenders have any liability (or as to such contingent obligations in connection with letter of credit accommodations, the originals of the letters of credit shall have been cancelled and returned to Working Capital Agent by the beneficiary thereof with such instructions from the beneficiary as the issuer thereof may require) and the agreement of Working Capital Lenders to make any further loans or provide any further financial accommodations to Borrowers shall have been terminated. In the event that Working Capital Agent or any Working Capital Lender is required by a governmental authority to return any payments received by it in respect of the Working Capital Debt after it had otherwise received payment in full, the Working Capital Debt to which such payment had been applied shall be reinstated and a Working Capital Loan Termination Date shall not be deemed to have occurred.
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Working Capital Loan Termination Date means the date immediately preceding the first anniversary of the Closing Date or such earlier date on which the Working Capital Loan Commitments shall terminate as provided herein, provided, that, in the event the Lender shall, at its sole and absolute discretion, extend the Working Capital Loan Termination Date for an additional period of one year, not to exceed May 31, 2001 in any case, Working Capital Loan Termination Date shall be deemed to mean the last day of such extended one year period.
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Working Capital Loan Termination Date is hereby amended to replace "June 30, 1996" with "June 30, 1997."
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Working Capital Loan Termination Date shall have the meaning given to such term in the Term Loan Intercreditor Agreement.
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Working Capital Loan Termination Date has the meaning assigned to the term "Termination Date" in the Working Capital Credit Agreement.
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Related to Working Capital Loan Termination Date

  • Working Capital Loan has the meaning provided in Section 2.04(a) (Working Capital Loan Availability).

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

  • 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 Deficit means the amount by which the Working Capital is less than the Target Working Capital Amount.

  • Working Capital Commitment means, with respect to any Working Capital Lender at any time, the amount set forth opposite such Lender's name on Schedule I hereto under the caption "Working Capital Commitment" or, if such Lender has entered into one or more Assignments and Acceptances, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(d) as such Lender's "Working Capital Commitment", as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Final Closing Working Capital has the meaning set forth in Section 2.4(e).

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

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

  • Working Capital Adjustment Amount means an amount equal to the difference between (i) the Working Capital of the Company as of the Closing Date and (ii) the Estimated Working Capital Amount. For the avoidance of doubt the Working Capital Adjustment Amount may be a negative number.

  • Working Capital Target means $0.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

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

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Net Working Capital Target means $0.00.

  • Closing Date Net Working Capital has the meaning set forth in Section 2.7(a).

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the open of business on the Closing Date.

  • Working Capital Amount means the difference between (x) the total current assets of the Company and its Subsidiaries and (y) the total current liabilities (other than the New Company Debt, the Existing Company Debt and Deal Expenses) of the Company and its Subsidiaries (in each case calculated in accordance with GAAP immediately prior to the Effective Time and after giving effect to the Contribution, the Distribution and the disposition of cash and cash equivalents contemplated by Section 6.24).

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.

  • Working Capital Escrow Amount means $1,000,000.

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Working Capital Adjustment shall have the meaning set forth in Section 3.5(c)(i).

  • Base Working Capital means $25,000,000.

  • Target Working Capital Amount means $162,000,000.

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.