Working Capital Borrowing definition

Working Capital Borrowing means a borrowing consisting of simultaneous Working Capital Advances of the same Type made by the Working Capital Lenders.

Working Capital Borrowing has the meaning specified in Section 2.02(a).

Working Capital Borrowing means a Working Capital A Borrowing, a Working Capital B-1 Borrowing, a Working Capital B-2 Borrowing, a Working Capital B-3 Borrowing or a Canadian Borrower Borrowing.

Examples of Working Capital Borrowing in a sentence

• Thereafter, the Operator shall manage the Garages pursuant to the agreed Budget.

• Working Capital Borrowing – from consortium of bankersThe total outstanding balance of Working Capital Borrowing from consortium of bankers as at 31st March 2015 amounted to ` 4,35,743.55 Lacs.

• ParticularsAs at March 31, 2012As at March 31, 2011Secured Working Capital Borrowing from Banks939.05848.99Unsecured Term Loan87.22408.93Total 1,026.27 1,257.927.1 Working Capital Loan from the banks is secured against hypothecation of stocks and book debts on pari-passu and second charge on Immovable properties/Fixed Assets and further guaranteed by counter guarantee of Promoter Company.

• The Rate of Interest payable on Working Capital Borrowing is 1.25% p.a. above the base rate at monthly rests.

• Based on the Audit procedures and the information and explanations given by the Management, we understand that the company has defaulted in the repayment of Term Loan, Working Capital Borrowing (cash credit) and interest accrued and due thereon to Indian Bank.

More Definitions of Working Capital Borrowing

Working Capital Borrowing has the meaning set forth in the MLP Partnership Agreement.

Working Capital Borrowing means each Advance of Working Capital Loans by or on behalf of the Working Capital Lenders on any single date to the Borrower in accordance with Section 2.04 (Funding) and Article VII (Conditions Precedent).

Working Capital Borrowing means the aggregation of Working Capital Loans of the Lenders to be made to any Company pursuant to Section 3.01 on a single date.

Working Capital Borrowing means a Borrowing other than (a) a Borrowing the proceeds of which are used for Acquisitions or (b) a Borrowing the proceeds of which are used for non-working capital purposes (it being understood that any Borrowing the proceeds of which are used to make Distribution Payments shall constitute a "Working Capital Borrowing").

Working Capital Borrowing means a Borrowing that is (a) a Ratable Borrowing, (b) either a P&I Borrowing, T&I Borrowing, or Foreclosure Borrowing, (c) subject to the Working-Capital Commitment, and (d) supported by the Borrowing Base for Receivables.

Working Capital Borrowing means any principal amount advanced by Lender to Borrower pursuant to Section 2.01(b) hereof, the proceeds of which are used by Borrower to fund ordinary course working capital needs.

Working Capital Borrowing means the aggregation of Working Capital Loans of the Lenders to be made to the Company pursuant to Section 4.01 on a single date.