Working Capital Obligations definition

Working Capital Obligations means the sum at any time of (a) the Aggregate Revolving Loan Amount Outstanding, (b) the Aggregate Swing Loan Amount Outstanding and (c) the Letter of Credit Obligations.

Working Capital Obligations means, collectively, all Senior Debt Obligations arising under the Working Capital Facility Agreement.

Working Capital Obligations mean the Obligations of the Reliant Retail Obligors under the Working Capital Facility.

Examples of Working Capital Obligations in a sentence

• The aggregate amount of all Working Capital Obligations shall not at any time exceed the lesser of (i) the aggregate of the Working Capital Commitments as reduced from time to time pursuant to Section 2.03 hereof and (ii) the Borrowing Base.

• At any time the Working Capital Obligations exceed the Borrowing Base, Borrowers shall immediately pay the amount of such excess to Lender.

• Any and all payments on account of any Working Capital Obligations shall be made in accordance with the provisions of Article 21 (Tax Gross-up and Indemnities) of the Common Terms Agreement.

• The obligation of the Working Capital Lenders to make payments pursuant to this Section 10.06 (Indemnification by the Working Capital Lenders) is several and not joint or joint and several, and the same shall survive the payment in full of the Working Capital Obligations and the termination of this Agreement and the other Finance Documents.

• This Agreement shall terminate and shall have no force and effect (except with respect to the provisions that expressly survive termination of this Agreement) in accordance with the provisions of Section 23.1 (Termination) of the Common Terms Agreement and if the Discharge Date with respect to the Working Capital Obligations has occurred.

More Definitions of Working Capital Obligations

Working Capital Obligations means the sum (without duplication) of (a) the aggregate principal amount of all Revolving Loans and (b) all LC Obligations.

Working Capital Obligations means all Lender Obligations other than Acquisition Obligations.

Working Capital Obligations shall include (x) all interest accrued or accruing (or which would, absent commencement of an Insolvency or Liquidation Proceeding, accrue) in accordance with the rate specified in the relevant Working Capital Credit Document and (y) all fees, costs and charges incurred in connection with the Working Capital Credit Documents and provided for thereunder, in the case of each of clause (x) and clause (y) whether before or after commencement of an Insolvency or Liquidation Proceeding and irrespective of whether any claim for such interest, fees, costs or charges is allowed as a claim in such Insolvency or Liquidation Proceeding.

Working Capital Obligations means the "Obligations" as defined in the Working Capital Agreement and the "Obligations" (or similar defined term) under any refinancings thereof, in each case, subject to the restrictions contained in the definition of the term "Working Capital Agreement".

Working Capital Obligations means the “Obligations” as defined in the Working Capital Credit Agreement as in effect on the Closing Date (or as refinanced in accordance with the terms hereof and of the Intercreditor Agreement) or as amended with the written consent of the Administrative Agent.

Working Capital Obligations means all “Obligations” as defined in the Domestic Agreement and in the EXIM Agreement whether now existing or hereafter arising, including, without limitation, (a) all principal of and premium (if any) on all loans made under the Working Capital Agreements, (b) all interest (including, without limitation, any Post-Petition Interest and PIK Interest) on all indebtedness under the Working Capital Agreements, (c) all reimbursement obligations (if any) and interest thereon (including without limitation any Post-Petition Interest) with respect to any letter of credit, bankers acceptance or similar instruments issued pursuant to the Working Capital Agreements, (d) all Swap Obligations, (e) all Banking Services Obligations, and (f) all guarantee obligations, indemnities, fees, expenses and other amounts payable from time to time pursuant to the Working Capital Documents, in each case, whether or not allowed or allowable in an Insolvency Proceeding; provided, however, that to the extent the aggregate principal amount of obligations described in clauses (a), (c) and (d) above exceeds $40,000,000 (provided that no more than $35,000,000 may be in the form of term loans) reduced by the amount of any principal repayments of term loans which may not be reborrowed and permanent revolving commitment reductions under the Working Capital Agreements (the “Working Capital Cap Amount”), such excess shall not constitute “Working Capital Obligations” hereunder. To the extent any payment with respect to any Working Capital Obligation (whether by or on behalf of any Loan Party, as Proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any Term Loan Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the Working Capital Secured Parties and the Term Loan Secured Parties, be deemed to be reinstated and outstanding as if such payment had not occurred.

Working Capital Obligations as defined in the Guarantee and Collateral Agreement.