Examples of Working Capital Advance in a sentence
No Excess Working Capital Advance shall accrue any interest thereon.
To the extent multiple Working Capital Expenses (payment of which is permitted to be made using such Excess Working Capital Advance) are outstanding, any funding or use by the Manager of Excess Working Capital Advances for payment of all or any of the same shall follow the relevant priorities as set forth in the Priority of Payments and in Section 3.1 of the Custodial and Paying Agency Agreement, as applicable.
The proceeds of any Excess Working Capital Advance for an applicable funding of the Defeasance Account shall be deposited into (and the Manager shall remit such proceeds to the Paying Agent for such deposit into) the Defeasance Account.
All Excess Working Capital Advances, together with a detailed statement of the sources and uses thereof (which shall be broken out by the reimbursable and unreimbursable portions thereof), shall be reflected in the Monthly Report with respect to the calendar month during which the relevant Excess Working Capital Advance was made.
Working Capital Advances shall be payable only out of the assets of the Company and only as and to the extent provided in Section 3.03(a), and Participant shall have no liability for, and no Person shall have any recourse against Participant for, any Working Capital Advance or the repayment thereof.