Total Working Capital Commitments definition
Total Working Capital Commitments means the aggregate amount of Commitments specified as such in Schedule 1 (Senior Lenders and Commitments) of this Agreement in respect of the Working Capital Facility. The Total Working Capital Commitments on the Signature Date (without taking into account any utilisation of Loans thereunder) shall be linked to the Base Index and the provisions of Clause 10 (Linkage) of this Agreement shall apply hereto, mutatis mutandis. It is hereby clarified that with respect to a Documentary Credit issued under the Working Capital Facility, the Total Working Capital Commitments shall be reduced on the date of issuance of such Documentary Credit (by the amount that may be utilised under such Documentary Credit) unless such Documentary Credit has been cancelled or the Loan associated with such Documentary Credit has been repaid, in which case the Total Working Capital Commitments shall be increased accordingly.
Total Working Capital Commitments means the aggregate of the Working Capital Commitments (being USD 50,000,000 at the date of this Agreement).
Total Working Capital Commitments at any time, the aggregate amount of the Working Capital Commitments then in effect. The original amount of the Total Working Capital Commitments is $100,000,000. "TOTAL WORKING CAPITAL EXTENSIONS OF CREDIT": at any time, the aggregate amount of the Working Capital Extensions of Credit of the Working Capital Lenders outstanding at such time.
Examples of Total Working Capital Commitments in a sentence
For the purposes of Clauses 6.9 and 9.2.8 the "participation" of a Working Capital Bank at any time in the Working Capital Facility shall be the proportion of the Working Capital Facility equal to the proportion borne by the Working Capital Bank's Working Capital Commitment to the Total Working Capital Commitments at such time.