Working Capital Debt means debt incurred to finance nursing facility operating costs, but does not include debt incurred to acquire or refinance a capital asset or to refund or refinance debt associated with acquiring a capital asset.
Working Capital Debt has the meaning assigned to such term in Section 2.4 (Working Capital Debt).
Working Capital Debt means senior secured or unsecured Indebtedness (which, if secured, shall constitute Senior Debt), under one or more working capital facilities, for working capital purposes (including in the forms of undrawn commitments, outstanding indebtedness and the issuance of letters of credit from time to time).
Examples of Working Capital Debt in a sentence
The Borrower shall not incur Working Capital Debt (other than Working Capital Debt incurred under this Agreement) prior to the Credit Agreement Maturity Date unless no Default or Event of Default has occurred and is continuing or could reasonably be expected to occur after giving effect to and as a result of the incurrence of the Working Capital Debt and such Working Capital Debt is denominated in Dollars.
SENIOR SECURED DEBT 3 2.1 Incurrence of Senior Secured Debt 3 2.2 Closing Date Senior Secured Debt 3 2.3 Working Capital Debt 4 2.4 Replacement Debt 5 2.5 Relevering Debt 6 2.6 Supplemental Debt 7 2.7 Accession Agreements 8 2.8 Transfers and Holding of Senior Secured Obligations 9 2.9 Payment in Full of Senior Secured Debt 9 3.
Prior to the Credit Agreement Maturity Date, the Borrower shall not incur Working Capital Debt in excess of $3,000,000,000 (including the Working Capital Debt incurred under this Agreement).
Prior to the Credit Agreement Maturity Date, the Borrower shall not incur Working Capital Debt in excess of |US-DOCS\145399031.8|| $3,000,000,000 (including the Working Capital Debt incurred under the CD Credit Agreement).
More Definitions of Working Capital Debt
Working Capital Debt shall have the meaning assigned to that term in Section 9.07(g) hereof.
Working Capital Debt means all obligations, liabilities and indebtedness of every kind, nature and description owing by any Borrower or Guarantor to Working Capital Agent or any Working Capital Lender, including principal, interest, charges, fees, premiums, indemnities, costs and expenses, however evidenced, whether as principal, surety, endorser, guarantor or otherwise, arising under the Working Capital Lender Agreements.
Working Capital Debt means Debt not exceeding €100 million which is Incurred for operational funding, working capital and general corporate purposes.
Working Capital Debt means all obligations, liabilities and indebtedness of every kind, nature and description owing by Borrowers or any Obligor to Agent and/or any of the Working Capital Lenders arising under the Working Capital Loan Documents, whether direct or indirect, absolute or contingent, joint or several, due or not due, primary or secondary, liquidated or unliquidated, including principal, interest, charges, fees, costs, indemnities and expenses, however evidenced, whether as principal, surety, endorser, guarantor or otherwise, whether now existing or hereafter arising, whether arising before, during or after the initial or any renewal term of the Working Capital Loan Documents or after the commencement of any Insolvency Proceeding with respect to Borrower or any Obligor (and including, without limitation, the payment of interest which would accrue and become due but for the commencement of such Insolvency Proceeding, whether or not such interest is allowed or allowable in whole or in part in any such Insolvency Proceeding). For the avoidance of doubt, the term "Working Capital Debt" shall include obligations consisting of interest, fees, indemnities, costs or expenses, in each case whether or not charged by Agent to the loan account of Borrowers maintained by Agent pursuant to the Working Capital Loan Agreement.
Working Capital Debt means any and all obligations, liabilities and indebtedness of every kind, nature and description owing by Borrower or any Obligor to Working Capital Lender evidenced by or arising under the Working Capital Loan Agreements, whether direct or indirect, absolute or contingent, joint or several, due or not due, primary or secondary, liquidated or unliquidated, including principal, interest, charges, fees, costs, indemnities and expenses, however evidenced, whether as principal, surety, endorser, guarantor or otherwise, whether now existing or hereafter arising, whether arising before, during or after the initial or any renewal term of the Working Capital Credit Agreement or after the commencement of any Insolvency Proceeding with respect to Borrower or any Obligor (and including, without limitation, the payment of interest which would accrue and become due but for the commencement of such Insolvency Proceeding whether or not such interest is allowed or allowable in whole or in part in any such Insolvency Proceeding), provided that, for purposes of this Agreement, the term "Working Capital Debt" shall not include the principal amount of loans and other credit accommodations in excess of the Maximum Debt Amount with respect to Working Capital Debt, except to the extent provided in Section 3.3 hereof. The foregoing limitation shall not apply to, and the term "Working Capital Debt" shall include, obligations consisting of interest, fees, costs, indemnities or expenses, in each case whether or not charged by Working Capital Lender to the loan account of the Borrower or any other Obligor maintained by Working Capital Lender pursuant to the Working Capital Loan Agreements.
Working Capital Debt. Any and all sums due and owing by the Company to lenders at any time and however arising which relates to or is secured by the working capital assets of the Company. Amounts owed , if any, under the Line of Credit Agreement between the Company and SunTrust Bank Atlanta in the principal amount of up to $3.5 million, if any, shall be Working Capital Debt hereunder.
Working Capital Debt means additional senior secured or unsecured Indebtedness the proceeds of which shall be used solely for working capital and general corporate purposes related to the Project (including the issuance of letters of credit), only if, prior to or on the date of incurrence thereof, the following conditions have been satisfied or waived by the Required Secured Parties: