Working Capital Commitment definition

Working Capital Commitment means, with respect to any Working Capital Lender at any time, the amount set forth opposite such Lender's name on Schedule I hereto under the caption "Working Capital Commitment" or, if such Lender has entered into one or more Assignments and Acceptances, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(d) as such Lender's "Working Capital Commitment", as such amount may be reduced at or prior to such time pursuant to Section 2.05.

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Working Capital Commitment means, as to any Lender, the obligation of such Lender to make Loans and incur Letter of Credit Liabilities in an aggregate principal amount at any one time outstanding up to but not exceeding the amount set forth opposite such Lender's name on the signature pages hereof under the caption "Working Capital Commitment" (as the same may be reduced from time to time pursuant to Section 2.03 hereof).

Working Capital Commitment means, with respect to each Lender, the commitment of such Lender to make Working Capital Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder. On the Effective Date, the aggregate amount of the Working Capital Commitments is Seventy Five Million Dollars ($75,000,000).

Examples of Working Capital Commitment in a sentence

Notwithstanding the foregoing, the Borrower will not be required to pay any Working Capital Commitment Fee to any Working Capital Lender with respect to any period in which such Working Capital Lender was a Defaulting Lender.
Within the limits of each Working Capital Lender's Unused Working Capital Commitment in effect from time to time, the Borrower may borrow under this Section 2.01(c), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c).
Each Working Capital Lender’s Working Capital Commitment shall expire on the Working Capital Loan Termination Date and all other amounts owed hereunder with respect to Working Capital Loans and the Working Capital Commitments shall be paid in full no later than such date.
Each Working Capital Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each a "Working Capital Advance") to the Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date in an amount for each such Advance not to exceed such Lender's Unused Working Capital Commitment at such time.
Within the limits of each Working Capital Lender's Unused Working Capital Commitment in effect from time to time, the Borrower may borrow under this Section 2.01(b), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(b).

More Definitions of Working Capital Commitment

Working Capital Commitment means a Working Capital A Commitment, a Working Capital B-1 Commitment, a Working Capital B-2 Commitment, a Working Capital B-3 Commitment or a Canadian Commitment.

Working Capital Commitment means, with respect to each Working Capital Lender, the commitment of such Working Capital Lender to (i) make Working Capital Loans and (ii) make LC Loans in respect of Fronted Letters of Credit and Non-Fronted Letters of Credit (subject to such Working Capital Lender’s Non-Fronting Limit as set forth opposite the name of such Working Capital Lender in the column entitled “Non-Fronting Limit” on Schedule II (Issuing Bank Limits)), in an aggregate amount not to exceed the amount set forth opposite the name of such Working Capital Lender in the column entitled “Total Working Capital Commitment” in Schedule I (Lenders, Commitments), or if such Working Capital Lender has entered into one or more Lender Assignment Agreements, set forth opposite the name of such Working Capital Lender in the Register maintained by the Credit Facility Agent as such Working Capital Lender’s commitment, as the same may be (a) reduced from time to time in accordance with Section 2.07 (Termination or Reduction of Commitments), (b) increased from time to time in accordance with Section 2.09 (Incremental Commitments), (c) reduced or increased from time to time pursuant to assignments by or to such Working Capital Lender pursuant to Section 11.04 (Assignments) and (d) utilized, as of the applicable date of determination, in the amount of such Working Capital Lender’s Working Capital Commitment Exposure.

Working Capital Commitment means the Bank’s Commitment to make Advances in the aggregate amount of $25,000,000 pursuant to Section 2.01(a) as reduced from time to time pursuant to Section 2.03.

Working Capital Commitment means the obligation of the Bank to make the Working Capital Loans under this Agreement in the aggregate principal amount of up to $10,000,000, as such amount may by limited or reduced pursuant to Article 2 or otherwise modified in accordance with this Agreement from time to time.

Working Capital Commitment means, with respect to any Working Capital Lender at any time, the amount set forth opposite such Lender's name on Schedule I hereto under the caption "Working Capital Commitment" or, if such Lender has entered into one or more Assignment and Acceptances, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(d) as such Lender's "Working Capital Commitment", as such amount may be reduced at or prior to such time pursuant to Section 2.05.

Working Capital Commitment means, (i) for NationsCredit as Lender, initially $9,000,000, less any amount assigned to another Person that becomes a Lender after the date hereof (a "Subsequent Lender") and (ii) for any Subsequent Lender, the amount of Working Capital Commitment assigned to such Lender.

Working Capital Commitment means (a) as to any Lender, the obligation of such Lender to make Working Capital Loans to the Borrower hereunder in an aggregate principal amount at any time outstanding not to exceed the amount so designated opposite such Lender’s name on Schedule 1.01A hereto, as the same may be reduced or modified at any time or from time to time pursuant to the terms hereof and (b) as to all Lenders, the aggregate commitment of all Lenders to make Working Capital Loans, as such amount may be increased or reduced at any time or from time to time pursuant to the terms hereof. The Working Capital Commitment of all Lenders on the Closing Date shall be Fifty Million Dollars ($50,000,000).