Working Capital Rate definition

Working Capital Rate has the meaning specified in Section 8.2.4.2.
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Working Capital Rate means a floating rate of interest which is equal to -------------------- two and three-quarters percent (2.75%) per annum over LIBOR. The Working Capital Rate shall be adjusted on and as of the effective date of each weekly change in LIBOR. The Lender's determination of the Working Capital Rate as of any date of determination shall be conclusive and binding, absent manifest error.
Sample 1
Working Capital Rate means, except as otherwise provided in Section 16.12(b), for each Day, the sum of (i) three (3) months LIBOR for such Day (the “Base Interest Rate”) and (ii) [**] (the “Applicable Margin”).
Sample 1

Examples of Working Capital Rate in a sentence

  • For the period from and excluding the date of the Increase Request through the Termination Date, the Working Capital Rate shall be increased by MSCG to a rate that would not be reasonably likely to result in TRC incurring increased costs in connection with this Agreement in excess of $***** per annum.

  • The financial goals for the Plan Year include: • Earnings Per Share (EPS)• Earnings Before Interest and Taxes (EBIT)• Working Capital Rate to Revenue (WCRR)• Revenue The operating goals reflect group accountability and are related to the operating unit where the employee has a direct impact.

  • He asserts that although Exhibit A-6 (DSA-38) shows that the increase in net Utility Plant is partially offset by a reduction in Working Capital, Rate Base is still increasing by approximately $270 million, ormore than 10% over the 2008 level.

  • In the event that the CGM Working Capital Rate changes during a monthly interest cycle, the latest Interest Rate during such cycle shall apply from the beginning of such cycle.

  • Corporate, Division, or Niche Working Capital Rate to Revenue at 20% with 200% overranging.

  • The CGM Working Capital Rate as of the date of this Agreement is equal to the Open Federal Funds Rate plus 3.80%, and may change from time to time as determined by SB and/or its affiliates.

  • Account 282 Proration Adjustment Source 1 Rate Year ending balance Account 190 Proration Adjustment Source 20 Rate Year ending balance21 Rate Year beginning balanceAEP - SPP Transco Formula RateTCOS - WS DPage: 18 of 53 AEP West SPP Member Transmission CompaniesActual / Projected 2019 Rate Year Cost of Service Formula Rate Worksheet D - Working Capital Rate Base Adjustments AEP OKLAHOMA TRANSMISSION COMPANY, INC.

  • The financial goals for the Plan Year can include: o Earnings Per Share (EPS) o Earnings Before Interest and Taxes (EBIT) o Working Capital Rate to Revenue (WCRR) or Revenue The operating (individual) goals reflect individual or group accountability.

  • Revenue, and Working Capital Rate to Revenue objectives for Division heads will be approved by the Human Resource Committee of the Board of Directors at the November meeting.

  • The financial goals for the Plan Year include: • Earnings Per Share (EPS) • Earnings Before Interest and Taxes (EBIT) • Working Capital Rate to Revenue (WCRR) • Revenue The operating goals reflect group accountability and are related to the operating unit where the employee has a direct impact.


More Definitions of Working Capital Rate

Working Capital Rate means, [**], for each Day, the sum of (i) [**] and (ii) [**].
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Related to Working Capital Rate

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

  • 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 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.

  • 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.

  • Adjusted Working Capital means the remainder of (a) the consolidated current assets of the Obligors minus the amount of cash and cash equivalents included in such consolidated current assets, minus (b) the consolidated current liabilities of the Obligors minus the amount of consolidated short-term Debt (including current maturities of long-term Debt) of the Obligors included in such consolidated current liabilities.

  • 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.

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

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

  • Working Capital Adjustment has the meaning set forth in Section 2.5(a).

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

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

  • 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.

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

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

  • 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.

  • Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.

  • Consolidated Working Capital Adjustment means, for any period of determination on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

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

  • Target Working Capital Amount means $75,000,000.

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

  • Target Net Working Capital Amount means $5,000,000.

  • Working Capital Target means $0.

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

  • 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.

  • Estimated Net Working Capital has the meaning set forth in Section 2.3(a).

  • 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.