Working Capital Budget definition

Working Capital Budget means, with respect to any Fiscal Year, the component of the Operating Budget for such fiscal year submitted by Borrower to Lender in accordance with the provisions of Section 5.1(r)(viii) which sets forth, for each calendar month or other applicable time period, the amount of the working capital reserve budgeted for such time period and changed thereto over the course of such budget period (such working capital reserve amount for any given time period is herein referred to as the “Working Capital Reserve Amount”).
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Working Capital Budget means, for any Property, the budget approved by Lender setting forth the amount of Working Capital Advances allocated to pay Capital Expenditures, Tenant Improvements and Leasing Costs incurred in connection with such Property.
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Working Capital Budget means the three year budget of the working capital and operating expenses for the Facility, prepared by Manager and approved by Lender, a copy of which is attached hereto as Exhibit C, and as revised from time to time, subject to the prior written approval of Lender which shall not be unreasonably withheld.
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Examples of Working Capital Budget in a sentence

  • In accordance with the Management Agreement, Manager will use the Loan Advances exclusively for the working capital needs of the Facility in accordance with the Working Capital Budget.

  • Borrower shall have delivered to Lender the Working Capital Budget and the Disbursement Schedule in form and substance reasonably satisfactory to Lender.

  • Exhibit C of the Loan Agreement, Working Capital Budget, is amended to substitute the Exhibit C attached hereto and made a part hereof.

  • The amount of each approved monthly estimate (excluding interest) (an "Approved Working Capital Budget") is subject to periodic adjustment at the commercially reasonable discretion of the Agent.

  • The written request for any additional Working Capital shall be submitted by Operator to NYRA on a monthly basis based on the Financial Statements and the Working Capital Budget.

  • Upon receipt of such funds, Lender Payee shall [i] pay all taxes, debt service and approved operating expenses and reserves of Tenant in accordance with the Working Capital Budget; and [ii] retain an amount equal to the Net Cash Flow of Tenant for payment on the Note.

  • A copy of the approved Working Capital Budget, as the same may be amended from time to time, shall be delivered by Borrowers to the Lenders.

  • Alliance shall provide the Initial Working Capital Budget pursuant to the Letter Agreement, the services of the Alliance employees and access to Alliance services pursuant to the Technology Integration Agreement, and PanOptic shall assign and transfer to Newco the PanOptic Assets pursuant hereto.


More Definitions of Working Capital Budget

Working Capital Budget means, with respect to any Fiscal Year, the component of the Operating Budget for such fiscal year submitted by Borrower to Lender in accordance with the provisions of
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Related to Working Capital Budget

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

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

  • Capital Budget has the meaning given in Section 3.11(a).

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

  • 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.

  • Base Working Capital means $25,000,000.

  • Final Working Capital has the meaning set forth in Section 2.04(b).

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

  • Working Capital Adjustment shall have the meaning set forth in Section 3.5(c)(i).

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

  • Target Working Capital means $0.

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

  • Estimated Net Working Capital shall have the meaning set forth in Section 2.3(a).

  • 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.

  • Actual Working Capital has the meaning set forth in Section 2.7(a).

  • Working Capital Target means $0.

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

  • Net Working Capital means current assets minus current liabilities.

  • Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).

  • 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.

  • Estimated Working Capital has the meaning set forth in Section 2.3(a).

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Target Net Working Capital Amount means $0.

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