Working Capital Facility Commitment definition

Working Capital Facility Commitment means the aggregate of the commitments of the Lenders under the Working Capital Facility.

Working Capital Facility Commitment at any date, as to any Working Capital Facility Lender, the obligation of such Working Capital Facility Lender to make Working Capital Facility Loans to the Borrowers pursuant to Section 2.1 and to participate in Swing Line Loans, and Letters of Credit in an aggregate principal and/or face amount at any one time outstanding not to exceed the amount set forth opposite such Working Capital Facility Lender’s name on Schedule 1.0 under the caption “Working Capital Facility Commitment” or, as the case may be, in the Assignment and Acceptance or Increase and New Lender Agreement pursuant to which such Working Capital Facility Lender becomes a party hereto, as such amount may be changed from time to time in accordance with the terms of this Agreement. As of the Closing Date, the original aggregate amount of the Working Capital Facility Commitments is $65,000,000.

Working Capital Facility Commitment means the aggregate of the Working Capital Facility Commitments of each of the Working Capital Facility Lenders, as increased, decreased, cancelled or terminated from time to time pursuant to this Agreement, which as of the Closing Date is Cdn.$500,000,000.

Examples of Working Capital Facility Commitment in a sentence

• During the Working Capital Facility Commitment Period, each Borrower may borrow, prepay the Working Capital Facility Loans in whole or in part, and reborrow Working Capital Facility Loans, all in accordance with the terms and conditions hereof.

• The LC Fee shall be payable quarterly in arrears on the fifth Banking Day of each Fiscal Quarter following the issuance of the relevant Letter of Credit and upon termination or cancellation of the Total Working Capital Facility Commitment and following receipt of a written notice from the Agent setting out the amount of such fee.

• Dollars calculated at a rate per annum equal to the Applicable Margin (based on a year of 365 or 366 days, as applicable) on the amount, if any, for each day by which the amount of the Outstanding Principal owing to such Applicable Lender under the applicable Credit Facility, as the case may be, is less than the Total Construction Facility Commitment, Contingent Facility Commitment or Total Working Capital Facility Commitment of such Applicable Lender, as applicable.

• During the Working Capital Facility Commitment Period, each Borrower may use that portion of the Working Capital Facility that is subject to the Swing Line Loan Sub-Limit by borrowing, repaying and reborrowing such portion, all in accordance with the terms and conditions hereof.

• During the Dollar Working Capital Facility Commitment Period, the Borrowers may use the Dollar Swing Line Loan Sub-Limit by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof.

More Definitions of Working Capital Facility Commitment

Working Capital Facility Commitment means the commitment of Basis to make Loans pursuant to Section 3.1(a) and to request the issuance of Letters of Credit pursuant to Section 3.2(a).

Working Capital Facility Commitment at any date, as to any Working Capital Facility Lender, the obligation of such Working Capital Facility Lender to make Working Capital Facility Loans to the Borrower pursuant to Section 2.1 and to participate in Swing Line Loans and Working Capital Facility Letters of Credit in an aggregate principal and/or face amount at any one time outstanding not to exceed the amount set forth opposite such Working Capital Facility Lender’s name on Schedule 1.0 under the caption “Working Capital Facility Commitment” or, as the case may be, in the Assignment and Acceptance pursuant to which such Working Capital Facility Lender becomes a party hereto, as such amount may be changed from time to time in accordance with the terms of this Agreement. As of the Closing Date, the original aggregate amount of the Working Capital Facility Commitments is $750,000,000.

Working Capital Facility Commitment has the meaning assigned thereto in the Working Capital Facility Credit Agreement.

Working Capital Facility Commitment at any date, as to any Working Capital Facility Lender, the obligation of such Working Capital Facility Lender to make Working Capital Facility Loans to the Borrowers pursuant to Section 2.1 and to participate in Swing Line Loans, Daylight Overdraft Loans and Working Capital Facility Letters of Credit in an aggregate principal and/or face amount at any one time outstanding not to exceed the amount set forth opposite such Working Capital Facility Lender’s name on Schedule 1.0 under the caption “Working Capital Facility Commitment” or, as the case may be, in the Assignment and Acceptance pursuant to which such Working Capital Facility Lender becomes a party hereto, as such amount may be changed from time to time in accordance with the terms of this Agreement. As of the Closing Date, the original aggregate amount of the Working Capital Facility Commitments is $775,000,000.

Working Capital Facility Commitment as to any Working Capital Facility Lender, the obligation of such Working Capital Facility Lender to make a Working Capital Loan to the Borrower in a principal amount not to exceed the amount set forth under the heading "Commitment" opposite such Working Capital Facility Lender's name on Schedule 1 or in the Assignment pursuant to which such Working Capital Facility Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. The original aggregate amount of the Working Capital Facility Commitments is eighty million U.S. Dollars ($80,000,000).

Working Capital Facility Commitment collectively, the Tranche A Commitment and the Tranche B Commitment.

Working Capital Facility Commitment means the commitment of the Lender to make or otherwise fund any Working Capital Facility Loans. The amount of the Lender’s Working Capital Facility Commitment as of the Closing Date was $50,000,000 and as of the Amendment No. 5 Effective Date is $10,000,000.