Working Capital Loan Termination Date definition

Working Capital Loan Termination Date shall have the meaning ascribed to such term in the Intercreditor Agreement.
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Working Capital Loan Termination Date is hereby amended to replace "June 30, 1996" with "June 30, 1997."
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Working Capital Loan Termination Date means the date immediately preceding the first anniversary of the Closing Date or such earlier date on which the Working Capital Loan Commitments shall terminate as provided herein, provided, that, in the event the Lender shall, at its sole and absolute discretion, extend the Working Capital Loan Termination Date for an additional period of one year, not to exceed May 31, 2001 in any case, Working Capital Loan Termination Date shall be deemed to mean the last day of such extended one year period.
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Examples of Working Capital Loan Termination Date in a sentence

  • All LC Guaranties shall expire on or before the Working Capital Loan Termination Date.

  • Accrued non-use fees shall be payable in arrears on each Quarterly Date and on the earlier of each of the date the relevant Commitments are terminated and the applicable Acquisition Loan Termination Date or Working Capital Loan Termination Date.

  • Such non-use fee shall be payable in arrears on the first day of each month (commencing on December 1, 1996) and on the Working Capital Loan Termination Date (or such earlier date on which the Working Capital Loan Commitment shall terminate) for any period then ending for which such fee shall not have been theretofore paid.

  • This Intercreditor Agreement is a continuing agreement and shall remain in full force and effect until the later of: (i) the Working Capital Loan Termination Date or (ii) the Term Loan Termination Date; provided, however, that any provisions of this Agreement that by their terms expressly survive the termination of this Agreement shall continue in full force and effect.

  • Borrower shall pay to Lender a fee for the period from and including the date hereof to but excluding the Working Capital Loan Termination Date (or such earlier date on which all of the LC Guaranties shall no longer be of any force or effect and the originals thereof are returned by the appropriate Issuer to Lender) of one and one-quarter percent (1.25%) per annum on the daily average of the aggregate Stated Amounts of outstanding Permitted LCs (the "LC Utilization").

  • No Interest Period with respect to any Working Capital Loan shall extend beyond the Working Capital Loan Termination Date.

  • Working Capital Loan Termination Date - see Section 2.1.2. Working Capital Note - see Section 3.2.

  • After the Working Capital Loan Termination Date or after Term Loan Agent exercises its right under Section 2.10(b) hereof, Working Capital Agent shall deliver the remainder of the Collateral, if any, in its possession to Term Loan Agent and, if permitted under the applicable agreements, transfer control of the remainder of the Collateral, if any, under its control to Term Loan Agent, in each case, except as may otherwise be required by applicable law or court order.

  • All proceeds of the Collateral received by Working Capital Agent after the Working Capital Loan Termination Date or to the extent that Working Capital Agent is not entitled to priority with respect thereto under Section 2.2 hereof shall be forthwith paid over, in the funds and currency received, to Term Loan Agent for application to the Term Loan Debt (subject to Section 2.5 hereof and unless otherwise required by law).

  • Such non-use fee shall be payable in arrears on the first day of each January, April, July and October (commencing on January 1, 1996) and on the Working Capital Loan Termination Date (or such earlier date on which the Working Capital Loan Commitment shall terminate) for any period then ending for which such fee shall not have been theretofore paid.


More Definitions of Working Capital Loan Termination Date

Working Capital Loan Termination Date has the meaning assigned to the term "Termination Date" in the Working Capital Credit Agreement.
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Working Capital Loan Termination Date means the date on which Working Capital Agent and Working Capital Lenders shall have received payment in full of all Working Capital Debt.
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Working Capital Loan Termination Date means the date that Working Capital Agent and Working Capital Lenders have received payment in full in cash or other immediately available funds of all of the Working Capital Debt, Working Capital Agent shall have received either cash collateral or a letter of credit with respect to contingent obligations in accordance with the terms of Section 13.1(a) of the Working Capital Loan and Security Agreement as in effect on the date hereof (provided that as to contingent obligations in connection with letter of credit accommodations, such cash collateral (or the amount of the letter of credit issued to Working Capital Agent in respect of such contingent obligations, as the case may be) shall not exceed 105% of the face amount of the letters of credit for which Working Capital Agent or Working Capital Lenders have any liability (or as to such contingent obligations in connection with letter of credit accommodations, the originals of the letters of credit shall have been cancelled and returned to Working Capital Agent by the beneficiary thereof with such instructions from the beneficiary as the issuer thereof may require) and the agreement of Working Capital Lenders to make any further loans or provide any further financial accommodations to Borrowers shall have been terminated. In the event that Working Capital Agent or any Working Capital Lender is required by a governmental authority to return any payments received by it in respect of the Working Capital Debt after it had otherwise received payment in full, the Working Capital Debt to which such payment had been applied shall be reinstated and a Working Capital Loan Termination Date shall not be deemed to have occurred.
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Working Capital Loan Termination Date means November 11, 1997, being 364 days from the date of Closing and initial funding, unless extended in writing by the Banks in their sole discretion. The definitions in this Section I shall apply equally to both the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words "include", "includes" and "including" shall be deemed to be followed by the phrase "without limitation". All references herein to Articles, Sections, Exhibits and Schedules shall be deemed references to Articles and Sections of, and Exhibits and Schedules to, this Agreement unless the context shall otherwise require. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with generally accepted accounting principles, as in effect from time to time.
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Working Capital Loan Termination Date shall have the meaning given to such term in the Term Loan Intercreditor Agreement.
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Related to Working Capital Loan Termination Date

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

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

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

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

  • Loan Termination Date means the earliest to occur of the following: (i) as to TERM NOTE 2 and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE, May 18, 2009 (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER of BORROWER’s election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

  • 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.

  • Revolving Facility Termination Date means the earlier of (i) January 29, 2013, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Term Loan Commitment Termination Date means the earliest to occur of (a) the Amendment No. 9 Effective Date, (b) the date the Term Loan Commitments are permanently reduced to zero pursuant to 2.01(b) and (c) the date of the termination of the Term Loan Commitments pursuant to Section 9.01.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

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

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

  • Availability Termination Date means, as to any Borrower, the earlier of (a) the Maturity Date for such Borrower, (b) the reduction of the Borrower Sublimit of such Borrower to zero pursuant to Section 2.8.3 or termination of the obligation to make Loans to, or issue Letters of Credit for the account of, such Borrower pursuant to Section 8.1 and (c) the date of termination in whole of the Aggregate Commitment and the Commitments pursuant to Section 2.8.3 or Section 8.1.

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

  • Revolving Loan Commitment Termination Date means the earliest of

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

  • Revolver Termination Date means the date that is the four (4) year anniversary of the Restatement Effective Date, unless extended with the consent of each Lender in its sole and absolute discretion.

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

  • Working Capital Target means $0.

  • 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.

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

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Net Working Capital Target means $0.00.

  • Closing Date Net Working Capital means the Net Working Capital as of the Closing Date.

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.