Working Capital Term Loan definition

Working Capital Term Loan has the meaning specified in Section 2.01F.
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Working Capital Term Loan means the "Term Loan" (as defined in the Working Capital Loan Agreement as in effect on the date hereof).
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Working Capital Term Loan means a Term Loan made in accordance with the terms and conditions set forth in Section 4.5, the proceeds of which are used solely for working capital in accordance with Section 5.12(c)(ii); provided that (i) as of the funding date of any Working Capital Term Loan, the principal amount of such Working Capital Term Loan may not exceed the lesser of (x) the Borrowing Base certified to the Lender in accordance with Section 4.5(d) with respect to such Working Capital Term Loan and (y) the Working Capital Term Loan Amount, and (ii) the aggregate principal amount of all Working Capital Term Loans may not exceed the Working Capital Term Loan Amount.
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Examples of Working Capital Term Loan in a sentence

  • Any assignment under the Term Loan Facility must include a ratable portion of the Purchase Money Term Loan Facility and the Working Capital Term Loan Facility.

  • Notwithstanding the foregoing, neither the Borrower nor NAC shall be required to grant the Lender a mortgage lien on any NAC Project unless and until such time as the related NAC Project Loan is converted to a Working Capital Term Loan.

  • The Company may from time to time prior to the Term Loan Termination Date request that the Lender make a Term Loan by delivering to the Lender, not later than 11:00 a.m. seven (7) Business Days prior to the proposed borrowing date (or (i) in the case of the First Amendment Term Loan, three (3) Business Days prior to the First Amendment Funding Date, or (ii) in the case of any Working Capital Term Loan, three (3) Business Days prior to the proposed borrowing date thereof), a duly completed Loan Request.

  • The Borrower shall have applied all amounts subject to the Availability Block (as defined in the Working Capital Loan Agreement), but in any event an amount of not less than $6,400,000, 50% to the outstanding principal amount of the Working Capital Term Loan and 50% to the outstanding principal amount of the Term Loan.

  • The Term Loan Facility (including, for the avoidance of doubt, each Working Capital Term Loan made thereunder) is not a revolving credit facility; the Borrowers shall have no right to reborrow any portion of any Term Loan that has been repaid.

  • For the avoidance of doubt, the Borrowers acknowledge and agree that, as of the Eleventh Amendment Effective Date, the only unadvanced amount remaining under the Term Loan Facility is the Working Capital Term Loan Amount.

  • AND WHEREAS to address the issue of liquidity / cash flow mismatch on account of the present outbreak of COVID- 19, the Borrower has opted for the Government of India “Guaranteed Emergency Credit Line” (GECL) and has requested the Bank to provide additional Working Capital Term Loan under GECL and the Bank has accepted such request on the terms and conditions set out in this Agreement.


More Definitions of Working Capital Term Loan

Working Capital Term Loan means any term loan made by the Lender upon conversion of a NAC Project Loan pursuant to Section 2.1.1(b) (or any continuation or conversion thereof pursuant to Section 2.9).
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Related to Working Capital Term Loan

  • Working Capital Loan has the meaning provided in Section 2.04(a) (Working Capital Loan Availability).

  • Working Capital Target means $0.

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

  • Working Capital Amount shall have the meaning set forth in Section 2.3(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.