Working Capital Loan Amount definition

Working Capital Loan Amount means the working capital loans of each Group SPV availed from banks or third-party financiers, outstanding as of the Valuation Date, which is Nil amount.
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Working Capital Loan Amount means the aggregate amount of cash proceeds required to repay in full the Working Capital Loans as of the Effective Time.
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Working Capital Loan Amount has the meaning set forth in Section 3.14.
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Examples of Working Capital Loan Amount in a sentence

  • The principal amount of the Working Capital Loan Amount shall be funded by wire of immediately available funds to an account designated by Parent.

  • In furtherance of the foregoing, the Company shall execute and deliver a promissory note payable to the Shareholders’ Representative on behalf of the Shareholders in the principal amount of the Working Capital Loan Amount, which promissory note shall in a form reflecting the same principal terms as the Working Capital Note (the “Shareholder Note”).

  • At no time shall the unpaid principal balance of the Working Capital Loan exceed the Maximum Working Capital Loan Amount.

  • SA will be permitted to disburse the amount of the Chemring Working Capital Repayment Loan to ARC in repayment of the Mecar Working Capital Loan Amount, plus accrued interest thereon.

  • The Working Capital Loan Amount will be loaned by the Shareholders to the Company as an advance from the proceeds of the Company Distributable Cash that would otherwise have been distributed to the Shareholders.

  • As of any date, the aggregate amount of all Working Capital Advances made by all Working Capital Lenders hereunder and that remain outstanding and unpaid from time to time plus the aggregate amount of all ConEd Letter of Credit Exposure on such date, shall not in any event exceed the Maximum Working Capital Loan Amount.

  • Within five (5) Business Days following the Execution Date, the Company shall provide a working capital loan to the Parent in the principal amount of Five Million Dollars ($5,000,000) (the “Working Capital Loan Amount”), which Working Capital Loan Amount shall be evidenced by a promissory note substantially in the form of Exhibit F attached hereto (the “Working Capital Note”).

  • The Company covenants and agrees to maintain minimum Company Cash immediately prior to the Effective Time of not less than Ten Million Dollars ($10,000,000) less the amount of the Working Capital Loan Amount.


More Definitions of Working Capital Loan Amount

Working Capital Loan Amount means, for any Approved Project for which the Borrower requests a Working Capital Loan, an amount requested by the Borrower not to exceed the lesser of (i) one hundred percent (100%) of the amount of the EPC Contract Price, as set forth in the Construction Budget and Schedule included in the EPC Contract for such Approved Project, and (ii) the invested amount that allows the Project Company Guarantor to achieve a ten percent (10%) unlevered, after-tax inefficient Internal Rate of Return; provided, however, that if the Borrower provides Lender with a binding term financing commitment for such Approved Project that ensures that funds will be available on the applicable Working Capital Loan Maturity Date in excess of the original Working Capital Loan Amount for such Approved Project, then such Working Capital Loan Amount may be increased by an amount determined in the sole discretion of the Lender.
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Working Capital Loan Amount refers to the RMB Loan Amount referred to in Article 2.01(2) hereof.
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Related to Working Capital Loan Amount

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

  • Working Capital Loans means any loan made to Acquiror by any of the Sponsor, an Affiliate of the Sponsor, or any of Acquiror’s officers or directors, and evidenced by a promissory note, for the purpose of financing costs incurred in connection with a Business Combination.

  • Working Capital Advance has the meaning specified in Section 2.01(c).

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

  • Working Capital Lender means any Lender that has a Working Capital Commitment.

  • Working Capital Amount shall have the meaning specified in Section 3.4(e).

  • 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.

  • 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.

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Target Working Capital Amount means $162,000,000.

  • Net Working Capital means current assets minus current liabilities.

  • Working Capital Escrow Amount means $1,000,000.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Working Capital Adjustment Amount has the meaning set forth in Section 2.1(b)(ii). Section 1.2

  • Working Capital Reserve shall have the meaning set forth in the Partnership Agreement.

  • Working Capital Assets means the current assets of the Company as of the Effective Time (including all Cash and Cash Equivalents), determined in accordance with Accounting Principles but excluding any Tax assets.

  • Working Capital Deficit means the amount, if any, by which the Closing Working Capital is less than the Target Working Capital.

  • Target Net Working Capital Amount means $0.

  • Working Capital Target means $0.

  • Working Capital means, with respect to the Borrower and the Subsidiaries on a consolidated basis at any date of determination, Current Assets at such date of determination minus Current Liabilities at such date of determination; provided, that, for purposes of calculating Excess Cash Flow, increases or decreases in Working Capital shall be calculated without regard to any changes in Current Assets or Current Liabilities as a result of (a) any reclassification in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent or (b) the effects of purchase accounting.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the open of business on the Closing Date.

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Final Closing Working Capital has the meaning set forth in Section 2.5(d).

  • Target Working Capital means $0.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.