Working Capital Promissory Note definition

Working Capital Promissory Note. Term Loan Promissory Note," "Note" or "Notes" shall include all extensions, renewals and modifications of the Notes and all substitutions therefor. All terms and provisions of the Notes are hereby incorporated herein.
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Working Capital Promissory Note means that certain promissory note in the form attached hereto as Exhibit U to be issued by the Buyers to Broadwing Communications Services Inc., or an Affiliate of Broadwing Communications Services Inc. to be designated by the Sellers to the Buyers prior to the First Stage Closing, on the First Stage Closing Date.
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Working Capital Promissory Note. Note" or "Notes" shall include all extensions, renewals and modifications of the Notes and all substitutions
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Examples of Working Capital Promissory Note in a sentence

  • The provision of notice of an Event of Default to Maker by any other WC Payee with respect to any other Working Capital Promissory Note.

  • For the avoidance of doubt, a default by a WC Payee to fund its obligation under its Working Capital Promissory Note shall not require the Payee to fund all or any portion of such defaulted obligation.

  • The Warehousing Promissory Note, the Sublimit Promissory Note, the Working Capital Promissory Note and the Term Loan Promissory Note are collectively referred to as the "Notes".

  • This Note is given to evidence an actual working capital facility in the above amount and is the Working Capital Promissory Note referred to in that certain Warehousing Credit and Security Agreement (the "Agreement") dated March 22, 1995, between the Company and the Lender, as the same may be amended or supplemented from time to time, and is entitled to the benefits thereof.

  • The Company's Obligations in respect of Working Capital Advances shall be evidenced by a Working Capital Promissory Note of the Company substantially in the form of Exhibit A-3 attached hereto.

  • The terms "Warehousing Promissory Note," "Sublimit Promissory Note," "Working Capital Promissory Note," "Term Loan Promissory Note," "Note" or "Notes" shall include all extensions, renewals and modifications of the Notes and all substitutions therefor.

  • This Note is given in replacement for, and not in satisfaction of, that certain Working Capital Promissory Note dated March 22, 1995, and issued by the Company to evidence its obligations under the Agreement (the "Existing Note").

  • This Note is given to evidence an actual term loan facility in the above amount and is the Working Capital Promissory Note referred to in that certain Warehousing Credit and Security Agreement (the "Agreement") dated the date hereof between the Company and the Lender, as the same may be amended or supplemented from time to time, and is entitled to the benefits thereof.

  • We note your revised disclosure throughout the filing that you have entered into a Working Capital Promissory Note that may, at the lender's discretion, be converted upon completion of the Business Combination into up to 120,000 units of the post-business combination entity at a price of $10.00 per unit.

  • The Warehousing Promissory Note, the Working Capital Promissory Note, the Term Loan Promissory Note and the Servicing Acquisition Promissory Note are collectively referred to as the "Notes".


More Definitions of Working Capital Promissory Note

Working Capital Promissory Note means that certain amended and restated promissory note, dated as of February 9, 2024, by SPAC, as maker, in favor of Sponsor, as Payee (as amended, restated, modified or supplemented from time to time).
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Working Capital Promissory Note has the meaning set forth in Section 2.05(c)(ii).
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Working Capital Promissory Note means the promissory note evidencing the Company's Obligations with respect to Working Capital Advances in the form of Exhibit A-3 attached hereto.
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Related to Working Capital Promissory Note

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

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

  • Working Capital Loan has the meaning specified in Section 2.1(c).

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

  • Working Capital Amount shall have the meaning specified in Section 3.4(e).

  • 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 Target means $0.

  • 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.

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

  • 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 Reserve shall have the meaning set forth in the Partnership Agreement.

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

  • Final Closing Working Capital has the meaning set forth in Section 2.5(d).

  • Working Capital Deficit means the amount, if any, by which the Closing Working Capital is less than the Target Working Capital.

  • Working Capital Warrants shall have the meaning given in the Recitals hereto.

  • Final Working Capital has the meaning set forth in Section 2.04(b).

  • 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.

  • Working Capital Assets means the current assets of the Company as of the Effective Time (including all Cash and Cash Equivalents), determined in accordance with Accounting Principles but excluding any Tax assets.

  • Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).

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

  • Working Capital means, with respect to the Borrower and the Subsidiaries on a consolidated basis at any date of determination, Current Assets at such date of determination minus Current Liabilities at such date of determination; provided, that, for purposes of calculating Excess Cash Flow, increases or decreases in Working Capital shall be calculated without regard to any changes in Current Assets or Current Liabilities as a result of (a) any reclassification in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent or (b) the effects of purchase accounting.

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

  • Working Capital Adjustment Amount has the meaning set forth in Section 2.1(b)(ii). Section 1.2

  • Net Working Capital Target means $0.00.

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

  • Closing Net Working Capital means Net Working Capital as of the Adjustment Calculation Time.