WKC definition
Examples of WKC in a sentence
Notwithstanding the foregoing, the Foreign Designated Borrowers shall have no obligation to pay interest accrued on Loans advanced to WKC or any Domestic Designated Borrower (other than Loans advanced to the Foreign Designated Borrowers for their benefit at the request of the Borrowing Agent).
As of the Amendment No. 11 Effective Date, WKC has no Subsidiaries other than those specifically disclosed in Part (a) of Schedule 5.13, and as of the Amendment No. 11 Effective Date all of the outstanding Equity Interests in such Subsidiaries and owned by WKC or one of its Subsidiaries have been validly issued to WKC or the applicable Subsidiary, are fully paid and non-assessable and are owned by WKC or a Subsidiary free and clear of all Liens except those created under the Pledge Agreement.
Permit the Consolidated Total Leverage Ratio as of the end of any fiscal quarter of WKC to be greater than 4.75 to 1.00.
Notwithstanding the foregoing, the Foreign Designated Borrowers shall have no obligation to pay any fronting fee or customary processing fee (including standard costs and charges) in connection with Letters of Credit or Bankers’ Acceptances issued solely for the account of WKC or any Domestic Subsidiary.
The Administrative Agent shall have no obligation to request the delivery of or to maintain paper copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by WKC with any such request by a Lender for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.
As of the Amendment No.11 Effective Date, none of WKC or any of its Restricted Subsidiaries has any equity investments in any other corporation or entity other than as set forth on Part (b) of Schedule 5.13 or otherwise permitted by Section 7.02.
All of the outstanding Equity Interests in WKC have been validly issued, are fully paid and non-assessable.
Notwithstanding the foregoing, the Foreign Designated Borrowers shall have no obligation to pay any Letter of Credit Fee in connection with Letters of Credit issued solely for the account of WKC or any Domestic Subsidiary.
For purposes of determining compliance with Section 7.11, WKC shall give Pro Forma Effect to each Material Disposition and to each Permitted Acquisition (in each case, to the extent and in the manner provided in the definition of “Pro Forma Effect”) that is consummated during the period of four consecutive fiscal quarters of WKC for which compliance is being tested.
Notwithstanding the foregoing, the Foreign Designated Borrowers shall have no obligation for any such amounts resulting from the extension of credit solely for the benefit of WKC or any Domestic Designated Borrower (other than extensions of credit made to any Foreign Designated Borrower at the request of the Borrowing Agent).