Working Capital Line definition

Working Capital Line has the meaning assigned to such term in Section 5.13(g). ARTICLE X

Working Capital Line a fee of 25 basis points (.25%) of the $2,000,000 face amount of the Working Capital Note, payable at Closing.

Working Capital Line means the line of credit provided hereunder (a) to finance working capital requirements related to the Co-Borrowers’ purchase and sale of Product and (b) to provide for Letters of Credit to secure suppliers of Product and other parties. As of the Closing Date, the Working Capital Line is $80,000,000.00, subject to increase pursuant to Section 2.02.

Examples of Working Capital Line in a sentence

• No Guarantor will incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Indebtedness of such Guarantor and senior in right of payment to, or pari passu in right of payment with, such Guarantor’s obligations under the Guaranty, other than a Working Capital Line.

• Apple shall make available to the Orthodontic Entity an interest free line of credit ("Initial Working Capital Line") for the initial working capital needs of the Orthodontic Entity, up to a maximum amount equal to the reduction in Net Operating Amount attributable to changes in patient payment schedules.

• The amount, if any, of the Initial Working Capital Line outstanding on the Loan Termination Date shall be repaid, in equal monthly installments (without interest) over a two-year period commencing on the Loan Termination Date.

• The Orthodontic Entity shall be entitled to draw funds from the Initial Working Capital Line up until six (6) months after the Acquisition Closing Date ("Loan Termination Date").

• Payment of the Renewal First Working Capital Line Note and the Renewal Letter of Credit Line Note shall be and is hereby secured by all Collateral described in Article III of the Agreement.

More Definitions of Working Capital Line

Working Capital Line means any line of credit available to Borrower for general working capital purposes and approved by Lender (which approval may be rescinded by Notice to Borrower).

Working Capital Line means the revolving twenty-four (24) month revolving line of credit in the maximum principal amount of $2,000,000 to fund the Borrower's short term working capital needs.

Working Capital Line means a revolving credit facility or line established by the Company with a commercial lending institution and secured by a first lien on the Company’s and/or its Subsidiaries’ assets.

Working Capital Line the working capital line of credit issued by Anadarko to the Borrower pursuant to that Working Capital Loan Agreement dated as of May 14, 2008, in an aggregate amount not exceeding $30,000,000.

Working Capital Line means a loan made by a Lender or an Affiliate of a Lender to a Foreign Subsidiary of the Borrower in support of working capital needs or other permitted corporate purposes.

Working Capital Line means the loans from Banks to Borrower evidencing by that certain First Amended and Restated Working Capital Line of Credit and Security Agreement (Servicing Secured) executed by Borrower, and the Bank dated SEPTEMBER 24, 1997, together with all modifications, amendments and renewals thereto and all documents representing, evidencing or securing such loans.

Working Capital Line means the line of credit provided by the Bank pursuant to Section 2.1(b) hereof.