Working Capital Sublimit definition

Working Capital Sublimit means seven hundred forty million Dollars ($740,000,000), as the same may be increased from time to time in accordance with Section 2.05 (Incremental Commitments).
Working Capital Sublimit means a portion of the Revolving Credit Commitments not to exceed $175,000,000 (subject to periodic reduction as provided in Section 2.05(e)), available for (i) drawing Revolving Credit Loans the proceeds of which are to be used for working capital purposes and (ii) the issuance of Letters of Credit.
Working Capital Sublimit shall have the meaning ascribed thereto in ------------------------ Section 2.15.

Examples of Working Capital Sublimit in a sentence

  • In no event shall the Borrower be entitled to request or receive any Working Capital Loan that would cause (i) the sum of (A) the outstanding principal amount of all Working Capital Loans and Swing Line Loans and (B) the Working Capital LC Exposure to exceed the Working Capital Sublimit or (ii) the sum of (A) the outstanding principal amount of all Working Capital Loans and Swing Line Loans and (B) without duplication, the LC Exposure to exceed the Total Commitment.

  • The contractor has to make the payment directly to the statutory staff failing which HCL will make the payment and recover from the Contractor‟s running bill.

  • In particular, we have∈vmax (t) = v (0, t) for t [0, Tmax).≥The main result in this section is the following convergence behavior for type-two blow-up.

  • Nursing facility (NF): A child with a significant need for medical services and/or nursing services who is at risk of hospitalization or placement in a nursing facility.• Nursing facility services are skilled services that are needed on a daily basis that must be provided on an inpatient basis and ordered by, and provided under the direction of a physician.

  • At no time shall the aggregate principal amount of the Loan outstanding exceed the Borrowing Base Availability and at no time shall the aggregate principal amount of all Working Capital Loans exceed the Working Capital Sublimit.


More Definitions of Working Capital Sublimit

Working Capital Sublimit in Section 1.1 of the Agreement, is hereby deleted.
Working Capital Sublimit is defined in the definition of "Sublines".
Working Capital Sublimit means, at any time, $50,000,000.
Working Capital Sublimit means $10,000,000.
Working Capital Sublimit means $25,000,000.00. The foregoing definitions shall be equally applicable to both the singular and plural forms of the defined terms. For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a “Revolving Loan”) or by Type (e.g., a “Eurocurrency Loan”) or by Class and Type (e.g., a “Eurocurrency Revolving Loan”). Advances also may be classified and referred to by Class (e.g., a “Revolving Advance”) or by Type (e.g., a “Eurocurrency Advance”) or by Class and Type (e.g., a “Eurocurrency Revolving Advance”).
Working Capital Sublimit means that portion of the Revolving Credit Facility which shall be used solely for working capital and other general corporate purposes, which shall not exceed $5,000,000.
Working Capital Sublimit means $1,000,000 of the aggregate principal amount available to the Borrower for Working Capital Advances.