Working Capital Bank definition

Working Capital Bank means Deutsche Bank AG London of Winchester House, 1 Grxxx Xxxxxxxxxx Xxxxxx, Xxxxxx XX0X 0XX xx issuer of Bank Guarantees and lender of WC Advances under the Working Capital Facility; and
Sample 1Sample 2
Working Capital Bank means a Bank with a Working Capital Commitment or, if the Working Capital Commitments have terminated or expired, a Bank with Working Capital Exposure.
Sample 1Sample 2
Working Capital Bank means First Republic Bank.
Sample 1

Examples of Working Capital Bank in a sentence

  • The company to meet its Investment, Working capital requirements, to acquire companies and to consolidate their stake in those companies, their future growth etc., the company needs huge Working Capital, Bank Guarantee, Performance Guarantee and margin money requirements during the routine course of business activities.

  • Working Capital Requirements(Rs. in Lakhs) Particulars2014-15(Audited)2015-16(Audited) Sources of Working Capital Bank Finance283.01249.15450.00450.00Net Worth/ Internal Accrual/ Borrowings388.94804.401,469.471,469.52IPO Proceeds---365.00 The Company’s business is working capital intensive and they avail their working capital in the ordinary course of business from Banks.

  • Guarantee will be issued under which a claim could be made at a time after the Working Capital Repayment Date in relation to the Working Capital Facility unless the Working Capital Bank (in its sole discretion and upon such terms as it reasonably requires) agrees otherwise.

  • Working Capital Bank loan is from Union Bank of India and Oriental Bank of Commerce, which is secured against 1st pari passu charge on hypothication of Inventories and Book debts of the textiles division.

  • The Original Borrower agrees to indemnify on demand each Bank and the Working Capital Bank against any cost or loss suffered by it as a result of complying with the reserve requirements of the European System of Central Banks to the extent such requirements relate to its participation in the Facilities and are not recoverable by such Bank under clause 16.2.

  • As soon as practicable after receipt of a Utilisation Notice in respect of a Bank Guarantee complying with the terms of this Agreement, the Agent shall notify the Working Capital Bank and, subject to clause 3, the Working Capital Bank shall issue the Bank Guarantee on the Utilisation Date.

  • OpenKnowledge is a platform based on a P2P paradigm where each OpenKnowledge user accesses the network through an application installed in a computer connected to the internet.

  • OR THE WORKING CAPITAL BANK All sums to be paid by the Banks or the Working Capital Bank to the Borrowers under this Agreement shall be remitted in the relevant currency on the relevant Utilisation Date to the account of the Agent at such bank as the Agent may have notified to the Banks or the Working Capital Bank (as the case may be) and shall be paid by the Agent on such date in like funds as are received by the Agent to the account of the relevant Borrower specified in the relevant Utilisation Notice.

  • The Agent shall notify the Original Borrower and the Banks and/or the Working Capital Bank (as the case may be) promptly of each rate of interest determined by it under this clause 6.

  • In addition to all rights of the Security Trustee set out in the Security Trust Deed, each Bank and the Working Capital Bank hereby grants a power of attorney to the Security Trustee, with the right of substitution to enter into the Security Documents on its behalf.


More Definitions of Working Capital Bank

Working Capital Bank means each of First Republic and XX Xxxxxx Xxxxx, N.A. “Working Capital Funds” shall have the meaning set forth in Section 2.6.1. “Zoning Report” shall mean the zoning report prepared with respect to the Property by the Planning & Zoning Resource Company dated May 17, 2023. Section 1.2
Sample 1
Working Capital Bank means Australia and New Zealand Banking Group Limited, ABN 11 005 357 522 or any bank or financial institution to which all rights and obligations in respect of the Working Capital Facility have been transferred in accordance with the Finance Documents.
Sample 1
Working Capital Bank mean Xxxxx Fargo Bank, N.A, as bank
Sample 1
Working Capital Bank means any Person that is party to a Secured Working Capital Agreement and is an Agent or a Lender or an Affiliate of an Agent or a Lender.
Sample 1

Related to Working Capital Bank

  • Working Capital Lender means any Lender that has a Working Capital Commitment.

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

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

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

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

  • Working Capital means, on any date, Current Assets less Current Liabilities.

  • 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.

  • 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.

  • Final Working Capital has the meaning set forth in Section 2.4(b)(iii).

  • Working Capital Assets has the meaning as set forth in the Recitals of this Agreement.

  • Target Working Capital means $0.

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

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

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

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

  • Closing Net Working Capital means the Net Working Capital as of the open of business on the Closing Date.

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

  • Base Working Capital means negative USD$250,000 in aggregate for the Target Entities.

  • Actual Working Capital has the meaning set forth in Section 2.7(a).

  • Working Capital Units shall have the meaning given in the Recitals hereto.

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

  • Adjusted Working Capital means the remainder of (a) the consolidated current assets of the Obligors minus the amount of cash and cash equivalents included in such consolidated current assets, minus (b) the consolidated current liabilities of the Obligors minus the amount of consolidated short-term Debt (including current maturities of long-term Debt) of the Obligors included in such consolidated current liabilities.

  • Consolidated Working Capital at any date, the excess of Consolidated Current Assets on such date over Consolidated Current Liabilities on such date.

  • 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.

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