Working Capital Exposure definition

Working Capital Exposure means, with respect to the Bank at any time, the sum of the outstanding principal amount of the Working Capital Loan and the LC Exposure at such time.
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Working Capital Exposure means, with respect to any Working Capital Lender at any time, the sum of the outstanding principal amount of such Lender’s Working Capital Loans.
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Working Capital Exposure means, with respect to any Revolving Credit Lender at any time, the sum of (a) the outstanding principal amount of such Lender’s Revolving Credit Loans the proceeds of which were designated (pursuant to the applicable Borrowing Requests) to be used for working capital purposes and (b) the LC Exposure of such Lender at such time.
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Examples of Working Capital Exposure in a sentence

  • With respect to the funding of Working Capital Loans, the aggregate amount of Working Capital Exposure, after giving effect to the requested Borrowing, shall not exceed 85% of the aggregate value of receivables, 85% of the aggregate value of inventory and supplies and 100% of the cash of the Borrower on hand as of the date of such Borrowing, as determined by the Borrower in accordance with GAAP.

  • A Letter of Credit shall be issued, amended, renewed or extended only if (and, upon issuance, amendment, renewal or extension of each Letter of Credit, Genesis OLP shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, the Working Capital Exposure shall not exceed the lesser of (i) $50,000,000 and (ii) the Borrowing Base in effect at such time.

  • Within the limits of the Working Capital Commitment, the Borrower may borrow, prepay and reborrow pursuant to the terms hereof; provided, however, that the Working Capital Exposure shall at no time exceed the lesser of (y) the Working Capital Commitment or (z) the Working Capital Loan Borrowing Base.

  • A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit, the Borrower shall be deemed to represent and warrant that) after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $1,000,000 and (ii) the total Working Capital Exposure shall not exceed the total Working Capital Loan Commitment.

  • Subject to the terms and conditions set forth herein, each Working Capital Lender agrees to make revolving loans ("Working Capital Loans") to the Borrower from time to time during the Working Capital Availability Period in an aggregate principal amount that will not result in (a) such Working Capital Lender's Working Capital Exposure exceeding such Working Capital Lender's Working Capital Commitment or (b) the total Working Capital Exposures exceeding the total Working Capital Commitments.

  • A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $1,000,000 and (ii) the total Working Capital Exposure shall not exceed the total Working Capital Loan Commitment.


More Definitions of Working Capital Exposure

Working Capital Exposure means the aggregate principal amount at such time of all outstanding Loans, plus the L/C Exposure at such time.
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Working Capital Exposure means, with respect to any Bank at any date, (i) if the Working Capital Commitments are in effect on such date, the amount of such Bank's Working Capital Commitment and (ii) if the Working Capital Commitments shall have terminated on or prior to such date, such Bank's Working Capital Outstandings at such date.
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Working Capital Exposure has the meaning assigned to such term in the Credit Agreement.
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Working Capital Exposure means, with respect to any Bank Lender at any time, the sum of the outstanding principal amount of such Bank Lender's Working Capital Loans and its LC Exposure under the Working Capital Facility at such time.
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Related to Working Capital Exposure

  • 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 specified in Section 3.4(e).

  • 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.

  • Target Working Capital Amount means $162,000,000.

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

  • Target Net Working Capital Amount means $0.

  • Working Capital Target means $0.

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

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

  • Net Working Capital means current assets minus current liabilities.

  • Net Working Capital Target means $0.00.

  • Target Working Capital means $0.

  • Working Capital Escrow Amount means $1,000,000.

  • Working Capital Reserve shall have the meaning set forth in the Partnership Agreement.

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

  • Working Capital Assets means the current assets of the Company as of the Effective Time (including all Cash and Cash Equivalents), determined in accordance with Accounting Principles but excluding any Tax assets.

  • 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.

  • Target Net Working Capital means $0.

  • Consolidated Net Working Capital means (a) all current assets of the Company and its Restricted Subsidiaries except current assets from Oil and Gas Hedging Contracts, less (b) all current liabilities of the Company and its Restricted Subsidiaries, except (i) current liabilities included in Indebtedness, (ii) current liabilities associated with asset retirement obligations relating to oil and gas properties and (iii) any current liabilities from Oil and Gas Hedging Contracts, in each case as set forth in the consolidated financial statements of the Company prepared in accordance with GAAP (excluding any adjustments made pursuant to FASB ASC 815).

  • Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) included in the Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld or delayed.

  • Consolidated Working Capital means, as at any date of determination, the excess of Consolidated Current Assets over Consolidated Current Liabilities.

  • Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).

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

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