Working Capital Facility. 10 ARTICLE II.
Working Capital Facility. The Borrower shall use the Working Capital Facility as working capital for the Project.
Working Capital Facility. You may enter into a Working Capital Loan Facility (defined below) so long as the aggregate outstanding obligations and liabilities thereunder (including advances, bank services, letters of credit, contingent obligations and the like) at no time exceed $2,800,000 upon receipt and review by Us of the final documentation relating to such Working Capital Loan Facility and execution of an intercreditor agreement between Us and the lender under the Working Capital Loan Facility, with terms reasonably acceptable to Us. As used in this Agreement “Working Capital Loan Facility” means a revolving line of credit provided by a bank, commercial lender, or other financial institution or entity regularly engaged in the business of lending money (excluding venture capital, investment banking or similar institutions which sometimes engage in lending activities but which are primarily engaged in investments in equity securities) (each, a “Working Capital Lender”), pursuant to which such Working Capital Lender makes advances based on the value of Your Accounts and/or Inventory and Your obligations thereunder are secured by, and limited to, a security interest in the Accounts, Inventory, other related assets, and the identifiable cash proceeds thereof residing in an associated lockbox deposit account.
Working Capital Facility. At the request of ITC, Entergy shall use its reasonable best efforts to cause TransCo to arrange and obtain a working capital revolving credit facility with available credit facilities in a principal amount mutually determined by ITC and Entergy (the “Working Capital Facility”). The terms and conditions of the Working Capital Facility shall be at then prevailing market terms for similar working capital facilities by companies of a size and with a credit rating or profile similar to TransCo’s credit rating or profile, as mutually determined by Entergy and ITC each using their respective commercially reasonable judgment. Entergy shall pay for any initial commitment fees and expenses associated with the Working Capital Facility that are incurred prior to the Effective Time. Without the express written consent of ITC, TransCo shall not draw down on the Working Capital Facility prior to the Effective Time.
Working Capital Facility. NTL CC and the Parent shall ensure that the full amount of the Working Capital Facility is invested by the Parent in the other members of the UK Group on or prior to the time anticipated in the Business Plan by way of Parent Funding.
Working Capital Facility. As part of the Proposed Restructuring, the Company proposed to set up, subject to sanction by the High Court, a special purpose vehicle to continue the Company’s trading and manufacturing of toys and recreational products businesses (the “SPV”). Pursuant to the Exclusivity Agreement and immediately upon the obtaining of the approval of the High Court for the setting up of the SPV, the Investor will provide a sum of HK$5,000,000 (or such higher sum as the Investor may agree from time to time) as working capital facility (the “Working Capital Facility”) for the SPV. The funds so provided will form part of the subscription money payable by the Investor (the “Subscription Proceeds”) for the subscription of ordinary shares of the Company upon completion of the Proposed Restructuring (the “Completion”). The Working Capital Facility shall be secured by a debenture with a floating charge over the assets of the SPV to be given by the SPV in favour of the Investor and be repayable by the SPV in the event that Completion fails to take place. The Working Capital Facility will not be directly or indirectly repayable by the Company or the Provisional Liquidators in any circumstances whatsoever. Xxxxxxx Money Pursuant to the Exclusivity Agreement, the Investor has paid a total sum of HK$5,000,000 as xxxxxxx money (the “Xxxxxxx Money”) to an escrow agent (the “Escrow Agent”) who shall have custody of the Xxxxxxx Money and place the same in an interest-bearing account in its name. If Completion fails to take place, the Provisional Liquidators are entitled to instruct the Escrow Agent to release the Xxxxxxx Money for the benefit of the creditors of the Company (the “Creditors”) or returned to the Investor, as the case may be, pursuant to the terms of the Exclusivity Agreement. The Xxxxxxx Money once released to the Provisional Liquidators for the benefit of the Creditors shall not be refundable under any circumstances. The Xxxxxxx Money shall form part of the Subscription Proceeds payable by the Investor if Completion takes place. Fee Contribution Pursuant to the Exclusivity Agreement, the Investor has paid a total sum of HK$3,750,000 (the “Initial Fee Contribution”) to the Provisional Liquidators as an initial fee contribution towards settlement of the fees, charges, costs, expenses and disbursements of the Company and the Provisional Liquidators incurred in connection with the implementation of the Proposed Restructuring and the Resumption Proposal. The Initial Fee Contri...
Working Capital Facility. Newco Parent shall use its best efforts to secure a firm irrevocable financing commitment and/or credit facility on prevailing market terms and conditions under which, collectively, no less that $20 million of financing will be available to Newco to support and finance its operations for a period of at least 2 years subsequent to the Closing (the "Financing"), contingent only upon the Closing. Company Parent shall cooperate in supporting Newco Parent's efforts in this regard.
Working Capital Facility. Iconic shall provide working capital, from time to time, of up to $750,000.00 pursuant to a Working Capital Facility to the Company, which shall be repaid by the Company from working capital generated from Company’s operations. Provided that, in the event that Iconic fails to provide working capital of at least $40,000.00 per month, and such failure shall continue for a period of sixty (60) calendar days thereafter (“Cure Period”) then the Company may, at its option, by written notice to Iconic, declare a default. In the event of such default, Iconic shall surrender the Majority Interest back to the Company for retirement and the Holders of the Series C Preferred Stock shall surrender all outstanding shares of Preferred Stock back to Iconic for retirement (“Unwind”). At the time of the Unwind, the Company shall issue a 5% promissory note to Iconic (“Promissory Note”) with a principal amount equal to the then outstanding unpaid balance of the Working Capital Facility advanced to the Company prior to the Unwind, payable upon the acquisition of the majority of the outstanding stock or assets of the Company, including but not limited to the BiVi Brand of products, by a third party, but in no event later than 36 months from issuance (“Maturity Date”).
Working Capital Facility. Baht loan or overdraft provided by Working Capital Creditors to the Borrower under the terms and conditions of this Agreement for the aggregate amount of not exceeding Baht 100,000,000 (One Hundred Million Baht) divided into the following type of the facility;
Working Capital Facility. AEE shall have entered into the Working Capital Facility with the Working Capital Provider.
