Working Capital Revolving Loan definition

Working Capital Revolving Loan has the meaning assigned to such term in Section 2.01(b).
Sample 1Sample 2Sample 3
Working Capital Revolving Loan means a Loan made by a Lender (other than the Swingline Lender) to the Borrower under its Working Capital Revolving Commitment, which may either be a Base Rate Loan, a LIBOR Index Rate Loan or a Eurodollar Loan.
Sample 1Sample 2
Working Capital Revolving Loan means, at any time, the sum of (i) the ------------------------------ aggregate amount of Working Capital Loan Advances outstanding to the Borrower plus (ii) the aggregate Letter of Credit Obligations incurred on behalf of the ---- Borrower. ANNEX B ------- to CREDIT AGREEMENT ---------------- LETTERS OF CREDIT -----------------
Sample 1

Examples of Working Capital Revolving Loan in a sentence

  • Company shall from time to time prepay first the ---------------- ----- Swing Line Loans and second the Working Capital Revolving Loans to the ------ extent necessary (1) so that the Total Utilization of Working Capital Revolving Loan Commitments shall not at any time exceed the Working Capital Revolving Loan Commitments then in effect and (2) to give effect to the limitations set forth in clause (b) of the second paragraph of subsection 2.1A(iv).

  • Promptly upon receipt by Agent of any amount described in clause (i)(b) of this subsection 3.2, Agent shall distribute to each Domestic Lender having a Working Capital Revolving Loan Commitment its Pro Rata Share of such amount.

  • Until the Working Capital Loan ------------------------------ Commitment Termination Date and within the limits of the Borrowing Base, so long as the Borrower is in compliance with all the terms and conditions of this Agreement, and no Default or Event of Default exists, the Borrower may borrow, repay, and reborrow Working Capital Revolving Loan funds.

  • In consideration of the Working Capital Revolving Committed Amount being made available by the Working Capital Lenders hereunder, the Borrower agrees to pay to the Agent, for the pro rata benefit of each applicable Working Capital Lender (based on each Working Capital Lender's Working Capital Revolving Loan Commitment Percentage of the Working Capital Revolving Committed Amount), a fee equal to one-half of one percent (.5%) per annum on the Unused Commitment (the "COMMITMENT FEES").

  • Company shall from time to time prepay the Working Capital Revolving Loans to the extent necessary so that (1) the Total Utilization of Working Capital Revolving Loan Commitments shall not at any time exceed the Working Capital Revolving Loan Commitments then in effect and (2) the Total Utilization of Working Capital Revolving Loan Commitments shall not exceed at any time the Borrowing Base then in effect.

  • The Borrower shall be obligated to pay ------------- interest to the Lender on the outstanding balance of the Revolving Loan at an annual floating rate equal to (i) with respect to the Working Capital Revolving Loan, the Index Rate plus the Applicable Margin, and (ii) with respect to the Acquisition Loan, two hundred fifty basis points (2.50%) above the Index Rate.

  • If Borrower is required to provide cash collateral --------------- for any Letter of Credit Obligations pursuant to the Agreement prior to the Working Capital Loan Commitment Termination Date, Borrower will pay to Lender cash or cash equivalents acceptable to Lender ("Cash Equivalents") in an amount ---------------- equal to 105% of the Working Capital Revolving Loan Commitment then available to be drawn under each applicable Letter of Credit outstanding for the benefit of Borrower.

  • All charges, expenses and fees which the Lender incurs in filing any of the foregoing, together with costs and expenses of any lien search required by the Lender, and any taxes relating thereto, shall be charged to the balance of the Working Capital Revolving Loan and added to the Obligations.

  • Each Lender is hereby --------------------------------------- irrevocably authorized to record on the schedules attached to its Working Capital Revolving Loan Note and its Acquisition Loan Note (or continuations thereof) the information contemplated by such schedules.

  • The Borrower agrees that any Lender so purchasing such an interest may, to the fullest extent permitted by law, exercise all rights of payment, including setoff, banker's lien or counterclaim, with respect to such interest as fully as if such Lender were a holder of such Loan or Working Capital Revolving Loan or other obligation in the amount of such interest.


More Definitions of Working Capital Revolving Loan

Working Capital Revolving Loan means any loan made by the Lender pursuant to Section 2.1.1
Sample 1

Related to Working Capital Revolving Loan

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

  • 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.

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

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

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

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

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

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Initial Revolving Loan means a Revolving Facility Loan made (i) pursuant to the Revolving Facility Commitments in effect on the Closing Date (as the same may be amended from time to time in accordance with this Agreement) or (ii) pursuant to any Incremental Revolving Facility Commitment on the same terms as the Revolving Facility Loans referred to in clause (i) of this definition.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.