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 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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Examples of Working Capital Term Loan in a sentence

  • In case of restructured loans if some of the Working Capital Term Loan (WCTL), Funded Interest Term Loan (FITL), etc.

  • Working Capital Term Loan from State Bank of India, Outstanding Rs.1660.03 Lacs as at 31.03.2015 (Pre Year 1890.96) is secured by Pari passu first charge created/registered over the Company's entire fixed assets situated at Sejwaya Ghatabillod, District Dhar (M.P.) or at such other places as may be approved by the bank from time to time with other term lenders.

  • On August 3, 2020, AeroGrow entered into a Working Capital Term Loan Agreement in the principal amount of up to $7.5 million and on June 20, 2019 AeroGrow entered in a Real Estate Term Loan Agreement in the principal amount of up to $1.5 million with Scotts Miracle-Gro.

  • The Scheme has given relief to the Company.The Scheme, inter-alia, included restructuring of repayment schedule, reduction of interest rates, sanction of fresh term loan, sanction of Working Capital Term Loan and sanction of Funding Interest Term Loan and sanction of need based working capital by creating of additional security in favour of CDR Lenders.

  • Mr V V Maniar (PG)  Working Capital Term Loan of INR 50 CroresPrimary Security:Exclusive charge on land survey No.19/1, 19/2, 19/3, 19/4, 90/1, 7/1, 8/2/2/1,8/2/2/14/1 and 8/2/2/15/1 admeasuring 43.1825 acres situated at Mugaon, Lavasa.

  • Working Capital Term Loan from State Bank of India, Outstanding Rs.1301.05 Lacs as at 31.03.2016 (Pre Year 1660.03 Lacs) is secured by Pari passu first charge created/registered over the Company's entire fixed assets situated at Sejwaya Ghatabillod, District Dhar (M.P.) or at such other places as may be approved by the bank from time to time with other term lenders.

  • We have been sanctioned financing facilities from the HDFC Bank (including Cash Credit and Working Capital Term Loan).

  • The key features of the CDR Proposal are as follow: • Repayment of Restructured Term Loans (‘RTL’) after moratorium of 2 year from cut off date in 32 structured quarterly instalments commencing from December 2014 to September 2022.• Conversion of various irregular/outstanding/devolved financial facilities into Working Capital Term Loan (‘WCTL’).

  • LenderAmount LenderAmount *Including Working Capital Term Loan and Funded Interest Term Loan.

  • APPLICABLE FOR GOOD BORROWER SCHEMES S.NoNAME OF THE SCHEMERATE OF INTEREST1.a) Short Term Loan Scheme (STL), Working Capital Term Loan Schemes (WCTL), Special Purpose Working Capital Term Loan Scheme (SPWCTL).

Related to Working Capital Term Loan

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

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

  • 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 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 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 Target means $0.00.

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

  • 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 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.

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

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

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

  • 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.

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

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

  • 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.

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

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

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

  • 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.

  • Working Capital Units shall have the meaning given in the Recitals hereto.

  • 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.

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