Working Capital Commitment. HLTT will contribute working capital as needed for the conduct of the Wound Care Business by HWC and/or PBI. HLTT will make the capital contributions to HWC, and HWC shall in turn make non-interest-bearing demand loans as needed by PBI to carry on its Wound Care Business. HLTT’s obligation to contribute working capital to HWC (for itself or for PBI) will terminate upon the earlier of these events:
Working Capital Commitment. To make loans to Borrower (herein collectively called the "Working Capital Loans" and individually called a "Working Capital Loan") on a revolving basis from time to time before November 15, 1999 or such later date as may be established pursuant to Section 2.2 (herein called the "Working Capital Loan Termination Date") in such amounts as Borrower from time to time may request up to its Pro Rata Share of the then existing Maximum Amount of the Working Capital Commitment at such time, provided, however, that (i) such Lender shall not be required to make any Working Capital Loan following the initial Working Capital Loan unless there shall be outstanding, at the time of such proposed Working Capital Loan, Term Loans in the full principal amount of the Term Loan Commitment then in effect and Revolving Loans in the full principal amount of the Revolving Loan Commitment then in effect; (ii) such Lender shall not be required to make any Working Capital Loan if, after giving effect to such Working Capital Loan, the aggregate Total WC Exposure would exceed the Maximum Amount of the Working Capital Commitment then in effect; and (iii) the initial Working Capital Loan shall not exceed $500,000. The foregoing commitment of Lenders is herein called the "Working Capital Commitment."
Working Capital Commitment. The aggregate principal amount at any one time outstanding under the Working Capital Tranche shall not exceed TWO MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($2,500,000.00)(the "Working Capital Commitment"); further, the aggregate of the Working Capital Tranche under this Facility plus the working capital commitment under the Infrastructure Facility shall not exceed FOUR MILLION AND NO/100 DOLLARS ($4,000,000.00) provided, further, that Lender shall not be obligated to make any advance under the Working Capital Tranche unless the Guarantor would be liable under the Guaranty for repayment thereof.
Working Capital Commitment. Section 2.1(b) of the Credit Agreement is hereby amended to provide that the Working Capital Commitment shall be $20,000,000.
Working Capital Commitment. In order to ensure that the Company is adequately capitalized to satisfy its debts and obligations as they become due and continue as a going concern for a reasonable period following the Closing, upon the Closing, Parent shall deposit at least $5 million in immediately available funds in an account designated by the Company and approved by Parent for the benefit of and use by the Company as working capital to fund the Company’s ongoing business operations. The use of such funds by the Company is subject to the Company’s budget as approved from time to time by the Board of Directors of the Company. Parent will provide an additional $5 million of funding to the Company in the form of an intercompany loan (the amount and timing of this funding shall be in Parent’s sole discretion). Subsequent fundings may be provided as intercompany loans or equity investments, at Parent’s sole discretion. All intercompany services provided by the Company for the benefit of Parent and its Affiliates (other than the Company and its Subsidiaries) shall be compensated on a cost-plus basis.
Working Capital Commitment. 70 11.21 Mergers, Acquisitions, Consolidations, Sales.................... 70 11.22 Leases.......................................................... 70 11.23
Working Capital Commitment. Not permit the aggregate principal amount of Working Capital Loans outstanding at any time to exceed the Working Capital Commitment at such time.
Working Capital Commitment. Section 2.1(b) of the Credit Agreement is hereby amended to provide that the Working Capital Commitment shall be $9,000,000. 3.
Working Capital Commitment. Cordia Corporation will contribute up to $650,000 in working capital to CordiaIP for the purpose of funding Cordia and its prepaid business. This contribution in working capital will not result in the issuance of additional shares of CordiaIP to Cordia Corporation, and will not dilute the equity interests of Seller. Any additional funding provided by Cordia Corporation in excess of $650,000 may result in dilution of Seller’s equity interest.
Working Capital Commitment. (a) Subject to the terms and conditions hereof, the Bank agrees to make Loans to the Company from time to time during the Working Capital Commitment Period in an aggregate principal amount at any one time outstanding not to exceed:
