The proceeds of the Advances under the Working Capital B-2 Facility shall be available (and the Uniroyal Borrower agrees that it shall use such proceeds) solely to redeem, repurchase or defease, in full or in part, the Uniroyal Senior Notes, the Uniroyal Corp.
Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.
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 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.
Working Capital Loan has the meaning specified in Section 2.1(c).
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.
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.
Target Working Capital Amount means $162,000,000.
Working Capital Assets means the current assets of Company and its Subsidiaries as of the Effective Time (including all Cash and Cash Equivalents), each determined in accordance with Accounting Principles but excluding all Tax assets; provided, however, in no event shall any accounts receivable relating to item #3 (System Gain/Loss) on Schedule 4.5 be included as a current asset of the Company or its Subsidiaries.
Target Net Working Capital Amount means $0.
Working Capital Units shall have the meaning given in the Recitals hereto.
Final Working Capital has the meaning set forth in Section 2.4(b)(iii).
Working Capital Target has the meaning set forth in Section 1.3(b).
Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.
Base Working Capital means $25,000,000.
Working Capital Lender means any Lender that has a Working Capital Commitment.
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 Working Capital has the meaning specified in Section 2.3(b).
Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).
Working Capital means Current Assets less Current Liabilities.
Target Working Capital has the meaning set forth in Section 2.06(a)(ii).
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.
Working Capital Deficit means the amount by which the Net Working Capital is less than the Target Net Working Capital.
Net Working Capital Target means $0.00.
Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).