Working Capital Advance Cap definition

Working Capital Advance Cap means $227,500,000, as such amount may be increased pursuant to Section 2.02(b) or reduced as otherwise set forth in this Agreement.
Sample 1
Working Capital Advance Cap means at any time, the maximum amount of Working Capital Loans which may be advanced by the Banks to the Co-Borrowers, as determined by the Collateral Position Report, which amount shall, in no event, exceed the Maximum Working Capital Advance Cap.
Sample 1

Examples of Working Capital Advance Cap in a sentence

  • In connection with any such reduction, (a) the Working Capital Advance Cap shall be reduced in an amount equal to the amount of the reduction in Commitments, (b) intentionally omitted, (c) clause (a) of the L/C Cap shall be reduced in an amount equal to the amount of the reduction of the Commitments, and (d) clause (b) of the L/C Cap shall be reduced in an amount equal to 60% of the amount of the reduction of the Commitments.

  • This includes a major plant upgrade programme over the next few years, but excludes the Masterplan building project for the development of the RA’s 6 Burlington Gardens and Burlington House properties.

  • Advance Cap shall increase in an amount equal to 100% of the increase in Commitments in excess $150,000,000; provided that, in no event shall the Maximum Working Capital Advance Cap exceed $200,000,000.

Related to Working Capital Advance Cap

  • Working Capital Advance has the meaning specified in Section 2.01(c).

  • Working Capital Amount shall have the meaning specified in Section 3.4(e).

  • Working Capital Loan has the meaning specified in Section 2.1(c).

  • Working Capital Adjustment Amount means the amount (which may be positive or negative) equal to the result of the Closing Net Working Capital minus the Target Working Capital Amount.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Working Capital Loans means any loan made to Acquiror by any of the Sponsor, an Affiliate of the Sponsor, or any of Acquiror’s officers or directors, and evidenced by a promissory note, for the purpose of financing costs incurred in connection with a Business Combination.

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

  • Working Capital Adjustment has the meaning set forth in Section 2.15(b).

  • Target Working Capital Amount means Nineteen Million Dollars ($19,000,000).

  • Target Net Working Capital Amount means $5,000,000.

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Working Capital Escrow Amount means $2,000,000.

  • Working Capital Target means $0.

  • Working Capital Deficit means the amount, if any, by which the Closing Working Capital is less than the Target Working Capital.

  • Working Capital Borrowings means borrowings incurred pursuant to a credit facility, commercial paper facility or similar financing arrangement that are used solely for working capital purposes or to pay distributions to the Partners; provided that when such borrowings are incurred it is the intent of the borrower to repay such borrowings within 12 months from the date of such borrowings other than from additional Working Capital Borrowings.

  • Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

  • Net Working Capital Target means $0.00.

  • Final Closing Working Capital has the meaning set forth in Section 2.5(d).

  • Working Capital Reserve shall have the meaning set forth in the Partnership Agreement.

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the close of business on the Closing Date.

  • Closing Date Net Working Capital means the Net Working Capital as of the Closing Date.

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.

  • Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).