Working Capital Loan Account definition

Working Capital Loan Account is defined in Section 2.2.4.
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Working Capital Loan Account means the loan account maintained by the ---------------------------- Lender for the benefit of the Borrower, as more fully described in Section ------- 2.1(a)(v) hereof. ---------
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Examples of Working Capital Loan Account in a sentence

  • The aggregate principal amount of the Indebtedness evidenced by the Working Capital Loan Account is referred to as the "Working Capital Loan." The Working Capital Loan shall be deemed owed to each Bank severally in accordance with such Bank's Percentage Interest, and all payments credited to the working Capital Loan Account shall be for the account of each Bank in accordance with its Percentage Interest.

  • Bank Verified Working Capital Loan Account Statement for latest 6 months.

  • In the previous year Rs. 398.53 have been transferred to Bank Guarantee Devolved Account and the balance have been transferred to Working Capital Loan Account.

  • Each such loan will be made at the Administrative Agent's Tulsa Office by depositing the amount thereof to the Borrower's Working Capital Loan Account with the Administrative Agent.

  • After payment of all fees, expenses and other amounts required by the Financing Documents to be paid by Borrower on such Working Capital Loan Funding Date, the remaining aggregate net proceeds of such Working Capital Loans, if any, shall be deposited into the Working Capital Loan Account, shall be applied solely in accordance with this Agreement and the Disbursement Agreement and shall be used solely for the payment of Qualified Project Expenses.

  • Conclusion Small states have unique comparative advantages in the field of mediation, as they are generally more nimble than larger mediation entities such as the UN, regional organisations or powerful states.

  • The servicing plan must clearly indicate how all stormwater from the site, will be discharged to Council infrastructure with sufficient receiving capacity.

  • All payments shall be applied first to any late charges due hereunder, next to accrued interest then payable and the remainder, if any, to reduce any unpaid principal due under the Working Capital Loan Account or the Equipment Loan Account, as applicable.

  • Borrower promises to pay to Bank the outstanding unpaid principal balance (and all accrued unpaid interest thereon) of the Working Capital Loan Account on the Working Capital Maturing Date.

  • Upon demand, the Borrower agrees to pay all -------------------- Transaction Expenses to the Lender, and the Borrower agrees that the Lender shall have the right to charge the Transaction Expenses to the Working Capital Loan Account.

Related to Working Capital Loan Account

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

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

  • 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 means current assets minus current liabilities.

  • 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.

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

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

  • 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.

  • 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.

  • 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.

  • 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).]

  • Consolidated Working Capital means, as at any date of determination, the excess of Consolidated Current Assets over Consolidated Current Liabilities.

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

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

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

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

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

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

  • Target Working Capital means $0.

  • Consolidated Net Working Capital means (a) all current assets of the Company and its Restricted Subsidiaries except current assets from Oil and Gas Hedging Contracts, less (b) all current liabilities of the Company and its Restricted Subsidiaries, except (i) current liabilities included in Indebtedness, (ii) current liabilities associated with asset retirement obligations relating to oil and gas properties and (iii) any current liabilities from Oil and Gas Hedging Contracts, in each case as set forth in the consolidated financial statements of the Company prepared in accordance with GAAP (excluding any adjustments made pursuant to FASB ASC 815).

  • Working Capital Surplus means the amount by which the Working Capital is greater than the Target Working Capital Amount.

  • Closing Net Working Capital means Net Working Capital as of the Adjustment Calculation Time.