Working Capital Exposure definition

Working Capital Exposure means, with respect to the Bank at any time, the sum of the outstanding principal amount of the Working Capital Loan and the LC Exposure at such time.
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Working Capital Exposure means, with respect to any Revolving Credit Lender at any time, the sum of (a) the outstanding principal amount of such Lender’s Revolving Credit Loans the proceeds of which were designated (pursuant to the applicable Borrowing Requests) to be used for working capital purposes and (b) the LC Exposure of such Lender at such time.
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Working Capital Exposure means the aggregate principal amount at such time of all outstanding Loans, plus the L/C Exposure at such time.
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Examples of Working Capital Exposure in a sentence

  • Each Request for Advance shall constitute a representation that the amount of the requested Borrowing shall not cause the Working Capital Exposure to exceed the Working Capital Commitment.

  • With respect to the funding of Working Capital Loans, the aggregate amount of Working Capital Exposure, after giving effect to the requested Borrowing, shall not exceed 85% of the aggregate value of receivables, 85% of the aggregate value of inventory and supplies and 100% of the cash of the Borrower on hand as of the date of such Borrowing, as determined by the Borrower in accordance with GAAP.

  • A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit, the Borrower shall be deemed to represent and warrant that) after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $1,000,000 and (ii) the total Working Capital Exposure shall not exceed the total Working Capital Loan Commitment.

  • Within the limits of the Working Capital Commitment, the Borrower may borrow, prepay and reborrow pursuant to the terms hereof; provided, however, that the Working Capital Exposure shall at no time exceed the lesser of (y) the Working Capital Commitment or (z) the Working Capital Loan Borrowing Base.

  • A Letter of Credit shall be issued, amended, renewed or extended only if (and, upon issuance, amendment, renewal or extension of each Letter of Credit, Genesis OLP shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, the Working Capital Exposure shall not exceed the lesser of (i) $50,000,000 and (ii) the Borrowing Base in effect at such time.

  • Subject to the terms and conditions set forth herein, each Working Capital Lender agrees to make revolving loans ("Working Capital Loans") to the Borrower from time to time during the Working Capital Availability Period in an aggregate principal amount that will not result in (a) such Working Capital Lender's Working Capital Exposure exceeding such Working Capital Lender's Working Capital Commitment or (b) the total Working Capital Exposures exceeding the total Working Capital Commitments.

  • A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $1,000,000 and (ii) the total Working Capital Exposure shall not exceed the total Working Capital Loan Commitment.


More Definitions of Working Capital Exposure

Working Capital Exposure means, with respect to any Bank at any date, (i) if the Working Capital Commitments are in effect on such date, the amount of such Bank's Working Capital Commitment and (ii) if the Working Capital Commitments shall have terminated on or prior to such date, such Bank's Working Capital Outstandings at such date.
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Working Capital Exposure means, with respect to any Lender at any time, ------------------------ the outstanding principal amount of such Lender=s Working Capital Loans and/or participation interests in Working Capital Loans at such time.
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Working Capital Exposure has the meaning assigned to such term in the Credit Agreement.
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Working Capital Exposure means, with respect to any Bank Lender at any time, the sum of the outstanding principal amount of such Bank Lender's Working Capital Loans and its LC Exposure under the Working Capital Facility at such time.
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Related to Working Capital Exposure

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

  • Working Capital Amount shall have the meaning set forth in Section 2.3(c).

  • 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 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.