Examples of Working Capital Outstandings in a sentence
During the period from the LTC Closing Date through the date on which Working Capital Commitments are terminated, the Companies shall pay to each Lender a fee at the rate of 0.25% per annum on the daily average amount by which the amount of such Lender's Working Capital Commitment exceeds the aggregate amount of its Working Capital Outstandings.
Upon the terms and subject to the conditions set forth herein, each Lender severally and not jointly agrees to make working capital loans ("Working Capital Loans") from time to time to any Company in an aggregate principal amount at any time outstanding such that, after giving effect to the application of the proceeds of any Working Capital Loan made by it on any date, the Working Capital Outstandings as to such Lender do not exceed such Lender's LTC Working Capital Commitment.
On each Amortization Date, the Borrower shall repay such principal amount (together with accrued interest thereon) of each Bank's outstanding Working Capital Loans, if any, as may be necessary so that after such repayment such Bank's Working Capital Outstandings do not exceed the amount of such Bank's Working Capital Commitment as then reduced.
During the Revolving Credit Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrower from time to time in amounts such that the aggregate Working Capital Outstandings of such Bank at any one time shall not exceed the amount of its Working Capital Commitment.
Each Obligor and each Working Capital Facility Lender must, promptly upon request by the Facility Agent, supply the Facility Agent with any information relating to the operation of a Working Capital Facility (including the Working Capital Outstandings) as the Facility Agent may reasonably request.
If the Working Capital Termination Date occurs as a result of subsection (i) of the definition of Working Capital Termination Date and there is availability under the Revolving Credit Facility on such date, the Borrower may repay the Working Capital Outstandings with Revolving Loans to the extent the Total Revolving Credit Commitment exceeds the sum of the Letter of Credit Outstandings, Swing Line Outstandings and Revolving Credit Outstandings, notwithstanding anything in Section 2.3 to the contrary.
Upon the terms and subject to the conditions set forth herein, each Lender severally and not jointly agrees to make working capital loans ("Working Capital Loans") from time to time to the Company in an aggregate principal amount at any time outstanding such that, after giving effect to the application of the proceeds of any Working Capital Loan made by it on any date, the Working Capital Outstandings of such Lender do not exceed such Lender's Working Capital Commitment.
Except as otherwise permitted by the Lenders from time to time, the amount of Working Capital Outstandings shall not exceed at any time the Total Working Capital Commitment, and, in the event there shall be any such excess, the Borrower shall immediately make such payments and prepayments as shall be necessary to comply with this restriction.
During the period from the Closing Date through the date on which the Working Capital Commitments are terminated, the Company shall pay to each Lender a fee at the rate of .38% per annum on the daily average amount by which the amount of such Lender's Working Capital Commitment exceeds the aggregate outstanding principal amount of its Working Capital Outstandings.
During the period from the Closing Date through the date on which Working Capital Commitments are terminated, the Company shall pay to each Lender a fee at the rate of one-half of 1% per annum on the daily average amount by which the amount of such Lender's Working Capital Commitment exceeds the aggregate amount of Working Capital Outstandings.