Working Capital Requirements means the requirements of any Local Agency for funds to be used by, or on behalf of, such Local Agency for any purpose for which such Local Agency may borrow money pursuant to Section 53852 of the California Government Code.
Working Capital Requirements means, with respect to any time, the requirement that the Company have an amount of cash at such time equal to six weeks of the Company’s operating expenses, as reasonably determined by the Distribution Committee, that may be applied to the working capital requirements of the Company (determined in light of expenditures contemplated by the Approved Budget), provided that such amount shall exclude cash held by the Company to meet regulatory requirements (if any).
Working Capital Requirements means all Transaction Costs and, without duplication, all other amounts reasonably required by the Company to fund operational expenses incurred by it in the ordinary course of business, including, without limitation, payables (including payables that are past due on the Closing Date), costs of deferred maintenance (even if such costs are required to be capitalized under GAAP) and other capital expenditures relating to park improvements.
Examples of Working Capital Requirements in a sentence
Comply with the following covenants and ratios: Working Capital Requirements.
Any cash in excess of the Working Capital Requirements shall be distributed to the Members.
Any cash in excess of the Working Capital Requirements shall be distributed to the Members based on their respective Sharing Ratios.
Working Capital Requirements - an amount equal to the operating cash requirements for the operation of the Project for the next 3 succeeding calendar months (excluding any capital expenditures) as determined by the operating cash expenditures planned for the next succeeding calendar quarter according to the Budget.
The funding of any such Working Capital Requirements shall be made on or prior to the distribution to such Member.
More Definitions of Working Capital Requirements
Working Capital Requirements means the requirements of any Public Agency for funds to be used by, or on behalf of, such Public Agency for any purpose for which such Public Agency may borrow money pursuant to Section 53852 of the Government Code of the State of California.
Working Capital Requirements shall not include funds required for retirement of Orange-Madison patron equity.
Working Capital Requirements means the costs of JVCo relating to its overheads, running costs and general working capital requirements identified in the Business Plan from time to time and, for the avoidance of doubt excluding costs incurred by the Business Manager under the Business Management Agreement;
Working Capital Requirements means, with respect to any period, the working capital requirements of the Borrower and its Subsidiaries for such period, reasonably determined by management of Borrower provided: (a) such determination is consistent with the most recent Annual Budget (as defined in and approved in accordance with the LLC Agreement) , (b) such determination is made after giving effect to projected revenues for such period, and (c) such working capital requirements may include capital expenditures anticipated to be made by Borrower and its Subsidiaries during such period if such expenditures are not contemplated to be financed with Debt by Borrower or any Subsidiary.
Working Capital Requirements means, with respect to the ---------------------------- Company, (i) its on-going expenses incurred in the ordinary course of business, (ii) payments of Scheduled Principal Payments and mandatory prepayments and interest on the Loans, (iii) expenses and fees (including legal fees and expenses) incurred in connection with the Transaction and the prepara tion, negotiation and consummation of this Agreement and (iv) general corporate purposes; provided, however, in no event shall Working Capital Requirements -------- ------- include optional prepay ments of the Term Loans pursuant to Section 2.8 hereof.
Working Capital Requirements shall have the meaning given to such term in Section 8.3. Other capitalized terms defined elsewhere in this Agreement shall have the meanings so given them.