Minimum Working Capital. The Borrower shall maintain at all times Working Capital (which shall mean Current Assets less Current Liabilities) of at least $500,000.
Appears in 4 contracts
Samples: Senior Facility Agreement (General Maritime Corp), Junior Facility Agreement (General Maritime Corp), Junior Facility Agreement (General Maritime Corp)
Minimum Working Capital. The Borrower shall maintain at all times Working Capital (which shall mean Current Assets less Current Liabilities) of at least $500,000750,000.
Appears in 2 contracts
Samples: Junior Facility Agreement (General Maritime Corp), Senior Facility Agreement (General Maritime Corp)
Minimum Working Capital. The Borrower Borrowers shall between them maintain at all times Working Capital (which shall mean Current Assets less Current Liabilities) of at least $500,0002,000,000.
Appears in 2 contracts
Samples: Junior Facility Agreement (General Maritime Corp), Senior Facility Agreement (General Maritime Corp)
Minimum Working Capital. The Borrower shall maintain at all times from time to time Working Capital (which shall mean Current Assets less Current Liabilities) which, when aggregated with the Working Capital of the Guarantor is at least $500,000750,000.
Appears in 1 contract
Minimum Working Capital. The Borrower shall maintain at all times Working Capital maintain working capital (which on a consolidated basis) of not less than $500,000.00. For the purposes hereof, "working capital" shall mean Current Assets total consolidated current assets (including availability under the Revolving Loan Commitment) less Current Liabilities) of at least $500,000total consolidated current liabilities.
Appears in 1 contract
Minimum Working Capital. The Borrower shall maintain at all times from time to time Working Capital (which shall mean Current Assets less Current Liabilities) which, when aggregated with the Working Capital of the Guarantor, is at least $500,000750,000.
Appears in 1 contract
