Working Capital Loan Facility means either (a) that certain Loan and Security Agreement by and between You and Silicon Valley Bank or (b) in the event the Loan and Security Agreement by and between You and Silicon Valley Bank is terminated, a replacement accounts receivable borrowing base formula line of credit between You and another Working Capital Lender that is subject to a Working Capital Intercreditor Agreement and is on terms not less favorable in any material respect to Us. Unless otherwise specified, all references in this Agreement or any Annex or Schedule hereto to a “Section,” “subsection,” “Exhibit,” “Annex,” or “Schedule” shall refer to the corresponding Section, subsection, Exhibit, Annex, or Schedule in or to this Agreement. The terms “herein,” “hereof” and “hereunder” and other words of similar import refer to this Agreement as a whole, including all Exhibits, Annexes and Schedules, and not to any particular Section, subsection or other subdivision. Wherever from the context it appears appropriate, each term stated in either the singular or plural shall include the singular and the plural, and pronouns stated in the masculine, feminine or neuter gender shall include the masculine, feminine and neuter genders. The words “including,” “includes” and “include” shall be deemed to be followed by the words “without limitation,” the word “or” is not exclusive; references to Persons include their respective successors and assigns (to the extent and only to the extent permitted by this Agreement and the Loan Documents) or, in the case of governmental Persons, Persons succeeding to the relevant functions of such Persons; and all references to statutes and related regulations shall include any amendments of the same and any successor statutes and regulations. Unless otherwise specifically provided herein, any accounting term used in this Agreement or the other Loan Documents shall have the meaning customarily given such term in accordance with GAAP, and all financial computations hereunder shall be computed in accordance with GAAP, consistently applied. (Signatures to Follow)
Working Capital Loan Facility means a revolving line of credit provided by a bank, commercial lender, or other financial institution or entity regularly engaged in the business of lending money (excluding venture capital, investment banking or similar institutions which sometimes engage in lending activities but which are primarily engaged in investments in equity securities) (each, a “Working Capital Lender”), pursuant to which such Working Capital Lender makes advances based on the value of Your Accounts and/or Inventory and Your obligations thereunder are secured by, and limited to, a security interest in the Accounts, Inventory, other related assets, and the identifiable cash proceeds thereof residing in an associated lockbox deposit account.
Working Capital Loan Facility as set forth below and by adding the definitions of “Fiscal Year”, “Part 2 Milestone”, “Part 3 Milestone” and “Second Amendment Closing Date” in correct alphabetical order:
Examples of Working Capital Loan Facility in a sentence
None of You will permit the total principal outstanding under the Working Capital Loan Facility to exceed the Capped Amount.
The total principal amount outstanding under the Working Capital Loan Facility, does not exceed the Capped Amount.
Without limiting the generality of the foregoing, none of You will sell, transfer, encumber or otherwise dispose of any ownership interest that You may have in any Subsidiary (except under the Working Capital Loan Facility, subject to the Working Capital Intercreditor Agreement).
Notwithstanding anything to the contrary set forth elsewhere herein, the Company shall not be permitted to borrow and no Purchaser shall be required to lend hereunder at any time that the Company may borrow any amount under the Working Capital Loan Facility.
Notwithstanding ------------------------------------------- anything to the contrary set forth elsewhere herein, the Company shall not be permitted to borrow and no Purchaser shall be required to lend hereunder at any time that the Company may borrow any amount under the Working Capital Loan Facility.
More Definitions of Working Capital Loan Facility
Working Capital Loan Facility means a revolving line of credit pursuant to either (a) that certain Loan and Security Agreement by and between You and Silicon Valley Bank, dated May 14, 2013 (as amended, modified, restated, replaced or supplemented from time to time) or (b) in the event the Loan and Security Agreement by and between You and Silicon Valley Bank is terminated, a replacement accounts receivable borrowing base formula line of credit between You and another Working Capital Lender that is subject to a Working Capital Intercreditor Agreement and is on terms not less favorable in any material respect to Us.
Working Capital Loan Facility has the meaning given to it in Section 8.
Working Capital Loan Facility means the $35,200,000 Working Capital Loan facility described in SECTION 2 to be provided by Working Capital Lenders to Borrower according to each Working Capital Lender's Working Capital Loan Commitment.
Working Capital Loan Facility means a formula-based revolving line of credit, provided that such revolving line of credit may contain a non-formula sublimit through May 3, 2018, pursuant to either (a) that certain Amended and Restated Loan and Security Agreement by and between You and Silicon Valley Bank, dated the Fourth Amendment Closing Date (as amended, modified, restated, replaced or supplemented from time to time) or (b) in the event such Amended and Restated Loan and Security Agreement by and between You and Silicon Valley Bank is terminated, a replacement accounts receivable borrowing base formula line of credit between You and another Working Capital Lender that is subject to a Working Capital Intercreditor Agreement and is on terms not less favorable in any material respect to Us.
Working Capital Loan Facility means a revolving line of credit provided by a bank, commercial lender, or other financial institution regularly engaged in the business of lending money (excluding venture capital, investment banking or similar institutions which sometimes engage in lending activities but which are primarily engaged in investments in equity securities) (each, a “Working Capital Lender”), pursuant to which such Working Capital Lender makes advances based on the value of Your Accounts and subject to formula based advances and Your obligations thereunder are secured as set forth above.
Working Capital Loan Facility means the facility for Working Capital Loans to Exporting Enterprises and Participation Loans to PFIs by SMECA under Part B
Working Capital Loan Facility means the facility for Working Capital Loans to Exporting Enterprises and Participation Loans to PFIs by SMECA under Part B (a) of the Project.