WC Facility definition

WC Facility means the extensions of credit made or to be made hereunder with respect to each Lender's WC Commitment, including the WC Credit Exposure of each Lender.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

WC Facility means the extensions of credit made or to be made hereunder with respect to each Lender’s WC Commitment, including the WC Credit Exposure of each Lender.

WC Facility means the credit facility existing on the Effective Date between SIBL and The Bank of Nova Scotia, as amended, supplemented, amended and restated or otherwise modified from time to time in accordance with its terms.

Examples of WC Facility in a sentence

In such case, the Lender and its Affiliate shall be treated as a single Lender whose WC Facility Commitment is the amount set out opposite the relevant Lender’s name in Part 2 (The Original Initial ACF Lenders) of Schedule 1 (The Original Parties) and/or the amount of any WC Facility Commitment transferred to or assumed by that Lender under this Agreement, to the extent (in each case) not cancelled, reduced or transferred by it under this Agreement.
This clause 5 does not apply to Funding Notices or Funding Portions provided under Facility D (which are dealt with in clause 6) or under the Australian WC Facility (which will be governed by the Australian WC Facility Documents).
The Guarantors each agree that the WC Facility will not be secured by any Collateral that secures or will secure the Obligations and that the WC Facility will not be structured or documented in a manner that impairs Lender’s Liens on or access to the Collateral (including any books and records with respect thereto).
This clause 8.1 does not apply to repayments of Funding Portions under the Australian WC Facility Documents which are paid to the Australian WC Facility Provider direct in accordance with clause 9.1.
The Australian Borrower must use the net proceeds of a Funding Portion provided under Australian WC Facility only to fund general working capital needs of the Australian Group.
Unless a contrary indication appears in this Agreement, any part of the Capex Facility, WC Facility or Overdraft Facility which is prepaid may be reborrowed in accordance with the terms of this Agreement.
For the purposes of calculating the Lender’s Available Commitment with respect to the WC Facility, the Lender’s Commitment shall be reduced to the extent of the aggregate of the Ancillary Commitments of its Affiliates.
The Australian WC Facility Documents are varied to the extent necessary to give effect to this clause 11.27.
In alteration of clause 18 of the Loan Agreement, the outstanding balance of the WC Facility shall be added to the outstanding balance of the Tranches LT when calculating the loan-to value-ratio in accordance with clause 18 of the Loan Agreement.
The Subordinated Note Trustee, for itself and on behalf of each Subordinated Debtholder, acknowledges and agrees that the Senior Lender has relied upon the subordination and other provisions provided for herein in entering into certain amendments to the W/C Facility Agreement and in making Senior Loans available to the Borrower thereunder.

More Definitions of WC Facility

WC Facility means one or more new working capital facilities issued by a Subsidiary of the Borrower located in India, in each case, to which the Administrative Agent (acting at the direction of the Required Lenders) has provided its prior written consent.

WC Facility means a revolving working capital facility provided by the WC Facility Lenders and made available pursuant to an Authorised Credit Facility Agreement;

WC Facility means the working capital facility made available under this Agreement as described in Clause 2.1.1(iii);