Working Cash Rider definition

Working Cash Rider means that certain Working Cash®, Line of Credit, Investment Sweep Rider of even date herewith among Borrowers and PNC.
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Working Cash Rider means any Working Cash, Line of Credit, Investment Sweep Rider among Borrowers and Lender dated on or after the Closing Date, as amended, restated, or supplemented from time to time.
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Examples of Working Cash Rider in a sentence

  • To the extent that any term or provision of this LIBOR Replacement Addendum is or may be inconsistent with any term or provision in the remainder of this Working Cash Rider or any other Loan Document, the terms and provisions of this LIBOR Replacement Addendum shall control.

  • Notwithstanding anything to the contrary in the Working Cash Rider or in any other Loan Document, if Bank determines that a Benchmark Transition Event or an Early Opt-in Event has occurred, Bank may amend the Working Cash Rider to replace LIBOR with a Benchmark Replacement in accordance with the provisions of this Addendum; and any such amendment shall be in writing, shall specify the date that the Benchmark Replacement is effective and will not require any further action or consent of the Borrowers.

  • Lender shall have the right to effectuate payment of any and all Obligations due and owing hereunder by charging Borrowers’ Account or by making Advances as provided in Section 2.2 hereof or in the Working Cash Rider, while it is in effect.

  • Interest on Advances shall be payable in arrears on the first day of each month, provided that (i) all accrued and unpaid interest shall be due and payable with respect to the Term Notes and the Revolving Note on its applicable Maturity Date, and (ii) interest shall accrue and be payable with respect to Revolving Advances in accordance with the Working Cash Rider, while it is in effect, notwithstanding any contrary terms herein.

  • Borrowers may use the Revolving Advances by borrowing, prepaying and re-borrowing, all in accordance with the terms and conditions hereof or the Working Cash Rider, while it is in effect.

  • Until the Benchmark Replacement is effective, amounts bearing interest with reference to LIBOR will continue to bear interest with reference to LIBOR; provided however, during a Benchmark Unavailability Period such amounts automatically will bear interest at the rate and on the terms that would have been applicable under the Working Cash Rider if Bank had given notice that LIBOR had become unavailable.

  • In the event that the Working Cash Rider has not yet been entered into, expired or been terminated and Borrowers desire to obtain Revolving Advances, Borrowing Representative on behalf of any Borrower may notify Lender prior to 11:00 a.m. on a Business Day of a Borrower’s request to incur, on that day, a Revolving Advance hereunder.