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 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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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 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.

  • 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.

  • 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.

  • 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.

  • 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".

  • Exhibit A-1 Warehousing Promissory Note Exhibit A-2 Sublimit Promissory Note Exhibit A-3 Working Capital Promissory Note Exhibit A-4 Term Loan Promissory Note Exhibit B-1 Guaranty of Xxxxx X.

  • Hours in excess of 150 are added a 50% bonus and must be paid on the first payday.


More Definitions of Working Capital Promissory Note

Working Capital Promissory Note. Note" or "Notes" shall include all extensions, renewals and modifications of the Notes and all substitutions
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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 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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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(a).

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

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

  • 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).

  • 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 means a cash reserve held in the Operating Account that is readily available to Manager during the Term to finance the services, repairs and maintenance described in Section 5.2 including Minor Capital Expenditures and Major Capital Expenditures, insurance premiums for the Property described in Section 9.1, and utilities for the Property, in such amounts as determined by the Owner in its sole discretion.

  • Working Capital Escrow Amount means $2,000,000.

  • 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 has the meaning as set forth in the Recitals of this Agreement.

  • 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 $75,000,000.

  • Working Capital Adjustment Amount means an amount, which may be positive or negative, calculated in accordance with Schedule C, equal to the difference of (a) the Closing Date Adjusted Working Capital minus (b) the Preliminary Adjusted Working Capital.

  • Net Working Capital Target means $0.00.

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

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