Working Capital Letter definition

Working Capital Letter means that certain letter agreement, dated as of March 23, 2007, regarding the Closing Statement of Working Capital and Purchase Price Adjustment.”
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Working Capital Letter means the letter from the Auditors to the Company and the Underwriters in the form to be agreed confirming the adequacy of the Company’s working capital to be dated the date of the Prospectus.
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Examples of Working Capital Letter in a sentence

  • Only Letters of Credit that are either a DSR Letter of Credit or a Working Capital Letter of Credit shall be issued.

  • Working Capital Letters of Credit issued hereunder shall constitute utilization of each of the aggregate Revolving Commitments and aggregate L/C Commitments, each in an amount equal to the Available Amount of such Working Capital Letter of Credit.

  • Borrower's requests for advances (whether for cash or Working Capital Letter of Credit) under the Loan shall specify the aggregate amount of the advance and the date of such advance.

  • Lender shall make the requested funds or Working Capital Letter of Credit available to Borrower at Lender's principal banking office in Houston, Texas.

  • The Minimum Working Capital Letter shall have been executed and delivered by the Palladium Parties.

  • Each Party acknowledges and agrees that this Amendment constitutes an instrument in writing on behalf of each of the Parties in accordance with Section 9.05 of the Transaction Agreement, Section 7 of the Working Capital Letter and Section 7.06 of the Transition Services Agreement.

  • Upon the drawing of any Working Capital Letter of Credit for which funds are on deposit in the Working Capital L/C Cash Collateral Account, such funds shall be applied to reimburse the Issuing Banks, to the extent permitted by applicable law.

  • Not later than 12:00 P.M. (New York City time) on the Business Day immediately following the date of any payment by any Issuing Bank under a Working Capital Letter of Credit (each such date, an “Honor Date”), the Borrower shall reimburse such Issuing Bank through the Administrative Agent in an amount equal to the amount of such drawing.

  • On a quarterly basis, Tenant shall have the right to request that Landlord reduce the Working Capital Letter of Credit by the amount of Unreimbursed Working Capital Shortfall.

  • Each Party acknowledges and agrees that this Amendment constitutes an instrument in writing on behalf of each of the Parties in accordance with Section 9.05 of the Transaction Agreement and Section 7 of the Working Capital Letter.