Working Capital Loan definition

Working Capital Loan has the meaning provided in Section 2.04(a) (Working Capital Loan Availability).

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.

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

Examples of Working Capital Loan in a sentence

• 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").

• The expiry date of the Working Capital Loan Agreement which is in the aggregate amount of $6.5 million and carries an interest rate of 7% per annum has also been extended to May 8, 2023.

• Each Working Capital Loan would be evidenced by a promissory note.

• If no initial Interest Period is specified with respect to any requested LIBO Loans, then the requested Working Capital Loan Borrowing shall be made as a LIBO Loan with an initial Interest Period of one month.

• Each notice of optional prepayment shall indicate whether the Loan being prepaid (i) was used for Gas Working Capital Purposes, General Working Capital Purposes or DSR Purposes and (ii) was a Working Capital Loan, Swing Line Loan or an LC Loan.

More Definitions of Working Capital Loan

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

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 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.

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