Working Capital Loan definition

Working Capital Loan has the meaning specified in Section 2.1(c).

Working Capital Loan means a loan made by a Senior Lender pursuant to Section 2.03 (Borrowing of Working Capital Loans).

Working Capital Loan refers to the loan in local or foreign currency granted by the lender upon the application of the borrower which will be used as working capital to support routine production and operation of the borrower.

Examples of Working Capital Loan in a sentence

• A commitment fee may be charged for a loan made under the Export Working Capital Loan Program.

• All the terms under the GZE Excess Liabilities Undertaking, the Working Capital Loan Agreement, the Debt Rescheduling Agreements, the Interim Financing Agreements, the Loan Rescheduling Agreements and the GZE Purchase Order MOU in relation to the debt restructuring have become effective on 24 June 2016.

• A commitment fee may be charged for a loan made under the Export Working Capital Loan Program.The lender is also allowed to charge the borrower a late payment fee not to exceed 5% of the regular loan payment when the borrower is more than 10 days delinquent on its regularly scheduled payment.

• Working Capital Loan is secured by hypothecation of stock of Raw Material & Finished Goods, Export Documentary Bills, Fixed Assets.

• In connection therewith, the convertible loan agreement dated May 8, 2017 for an amount up to $16.5 million is now available to be drawn upon by the Company in accordance with the terms thereof.On April 7, 2019 the Company entered into an amended and restated convertible loan agreement (the "Amended and Restated Loan Agreement") with KD Energy and Hispania, and has extended the term of the Working Capital Loan agreement (the "Working Capital Loan Agreement").

More Definitions of Working Capital Loan

Working Capital Loan has the meaning assigned that term in Section 4.05(d).

Working Capital Loan means a loan made by the General Partners to the Partnership as described in Section 9.1

Working Capital Loan is defined in Section 3.4(a).

Working Capital Loan has the meaning set forth in Section 5.1 hereof.

Working Capital Loan means each Revolving Loan incurred by the Borrower hereunder which does not constitute an Acquisition Loan.

Working Capital Loan means each loan the Sponsor, an affiliate of the Sponsor, or certain of CRIS’s officers and directors or their affiliates may, but are not obligated to, loan CRIS funds as may be required in order to finance transaction costs in connection with an initial business combination.

Working Capital Loan means any loan made to SPAC by any of the Sponsor, an Affiliate of the Sponsor, or any of SPAC’s officers or directors, and evidenced by one or more promissory notes, for the purpose of financing costs incurred in connection with a Business Combination.