Maximum Working Capital Amount means, in respect of GlaxoSmithKline, £600,000,000 and, in respect of Novartis, US$600,000,000;
Maximum Working Capital Amount has the meaning set forth in Section 2.05(a).
Maximum Working Capital Amount means $42,600,000.00
More Definitions of Maximum Working Capital Amount
Maximum Working Capital Amount means, as of any date of determination thereof, an amount equal to ten percent (10%) of the then Maximum Revolver Amount.
Maximum Working Capital Amount means as of any date of determination, the sum of (1) the aggregate outstanding principal amount of loans (including overadvances), letters of credit and other financial accommodations made, issued or incurred under the Working Capital Loan Documents up to an aggregate maximum amount equal to the result of (A) $65,000,000, minus (B) any permanent reductions of the revolving loan commitment under the Working
Maximum Working Capital Amount means, on any date of determination thereof, the sum of (a) the lesser of (i) the Maximum Revolving Loan Commitment on such date and (ii) the Borrowing Base on such date plus (b) $2,500,000. The Borrowing Base on any date shall be calculated by the First Lien Collateral Agent based upon the most recent Borrowing Base Certificate received by the First Lien Collateral Agent prior to such date, as the calculation of the Borrowing Base in such Borrowing Base Certificate may be adjusted by the First Lien Collateral Agent pursuant to the provisions of the First Lien Credit Agreement, and without regard to any events, transactions or occurrences subsequent to the First Lien Collateral Agent’s receipt of such Borrowing Base Certificate, including any decreases in the Borrowing Base occurring as a result of (i) Accounts that are deemed by the First Lien Collateral Agent to be eligible on any date thereafter becoming or being deemed, with the passage of time or otherwise, ineligible (whether as a result of aging, obsolescence, disputes, or non-payment by Account Debtors or otherwise); (ii) the return of uncollected checks or other items of payment applied to the reduction of Revolving Credit Advances, or other similar involuntary or unintentional actions; (iii) the First Lien Collateral Agent’s exercising discretion under the First Lien Credit Agreement (x) to declare Accounts previously deemed to be Eligible Accounts as no longer constituting Eligible Accounts or (y) to impose, release, increase or decrease the amount of any Reserves under the First Lien Credit Agreement; (iv) any failure of the Credit Parties to report accurately the amount of Eligible Accounts on any Borrowing Base Certificate; or (v) any re-evaluations or reappraisals of the Collateral.
Maximum Working Capital Amount means as of any date of determination, the sum of (1) the aggregate outstanding principal amount of loans (including overadvances), letters of credit and other financial accommodations made, issued or incurred under the Working Capital Loan Documents up to an aggregate maximum amount equal to the result of (A) $65,000,000, minus (B) any permanent reductions of the revolving loan commitment under the Working Capital Credit Agreement made after the Closing Date; provided, that, for purposes of determining the Maximum Working Capital Amount, upon termination of the revolving loan commitment, the revolving loan commitment shall not be deemed to have been reduced to an amount less than the outstanding principal amount of all loans (including overadvances), letters of credit and other financial accommodations made, issued or incurred under the Working Capital Loan Documents as of the date of such permanent reduction plus (2) cash management and hedge obligations under or secured by the Working Capital Loan Documents up to an aggregate maximum amount not to exceed $1,000,000.