Working Capital Provider definition
Examples of Working Capital Provider in a sentence
With respect to any Funding Date, the Working Capital Provider may waive (in its absolute and sole discretion) its priority in Section 3.1(b)(ii) by delivering written notice thereof to the Depositary Agent four Business Days prior to such Funding Date.
AEE shall have entered into the Working Capital Facility with the Working Capital Provider.
On each Funding Date, or from time to time during the related Funding Period, upon receipt of an Officer's Certificate of a Responsible Officer of AEE, the Depositary Agent shall transfer from the Working Capital Account to the Working Capital Provider the amount set forth in such Certificate as the amount payable in respect of the principal amount of drawings on the Working Capital Facility.
The rights, obligations and remedies of the Agent and the Banks, in their collective capacity as "Working Capital Provider" (as such term is used in the Operative Documents), under the Operative Documents (including Sections 2.4, 3.1(b)(i), 3.1(b)(ii), 3.2 and 3.3 of the Depositary Agreement) shall apply solely with respect to, and shall be limited to the extent of amounts owed in respect of, such "Working Capital Facility".
No later than the tenth Business Day prior to each Rent Payment Date, the Depositary Agent shall provide to each Owner Participant, each Indenture Trustee, the Working Capital Provider and AEE a statement of the amounts available in each Account and sub-account maintained under this Depositary Agreement.
Advances may be made by Mortgagee, Working Capital Provider, DSR LOC Provider and/or the PPA LOC Provider and indebtedness may be incurred from time to time hereafter, but each such advance or indebtedness shall be secured hereby as if made on the date hereof.
In the event that the Working Capital Provider permanently terminates its commitments under the Working Capital Facility and is taking affirmative steps to realize on its collateral to satisfy AEE's obligations under the Working Capital Facility, the Working Capital Provider's rights and AEE2's obligations (in both cases, to the extent of amounts owed to the Working Capital Provider in respect of the Working Capital Facility) hereunder shall terminate.
This Depositary Agreement shall remain in full force and effect until the earlier of (i) the payment of all obligations owing to each of the Indenture Trustees, each of the Pass Through Trustees, each of the Owner Trusts, each of the Owner Participants, and the Working Capital Provider and (ii) the termination of each of the Leases following the occurrence of a Lease Event of Default.
The Company may finance certain working capital requirements of the Project by entering into a working capital agreement with a financial institution for the provision of credit to the Company (such financial institution, the "Working Capital Provider").
On each Funding Date, or from time to time during the related Funding Period, upon receipt of an Officer's Certificate of a Responsible Officer of AEE, the Depositary Agent shall transfer from the Working Capital Account to the Working Capital Provider (as identified in such Officer's Certificate) the amount set forth in such Certificate as the amount payable in respect of the principal amount of drawings on the Working Capital Facility.