Working Capital Purposes definition

Working Capital Purposes means either (a) Gas Working Capital Purposes or (b) General Working Capital Purposes, as applicable.
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Working Capital Purposes means the use of Loan proceeds for purposes other than permitted acquisitions and/or mergers.
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Working Capital Purposes means general corporate purposes, including working capital needs of the Borrower, including, but not limited to, Investments, capital expenditures and the acquisition of Inventory.
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Examples of Working Capital Purposes in a sentence

  • The proceeds of Working Capital Loans may only be used for Working Capital Purposes, except that no more than two hundred million Dollars ($200,000,000) of such proceeds individually or in the aggregate may be used for General Working Capital Purposes at any point in time.

  • The amount to be paid to the Bills pursuant to Section 11.1 of this 2013 Stadium Lease for Working Capital Purposes, as such amount may be adjusted in accordance with Section 11.2 of this 2013 Stadium Lease.

  • In addition, annually thereafter, commencing on the first Anniversary Date, provided no Material Sublessee Default has occurred and is continuing, the ECSC shall pay the Working Capital Assistance to the Bills, which Working Capital Assistance shall be used by the Bills for Working Capital Purposes.

  • In our notice of initiation, we identified this program as Law 24,467 Preferential Lines of Credit for Working Capital Purposes.

  • DSR Letters of Credit may only be used for DSR Purposes and Working Capital Letters of Credit may only be used for Working Capital Purposes.

  • General Working Capital Purposes and exploration of the Issuer’s mineral properties.

  • Each notice of optional prepayment shall indicate whether the Loan being prepaid (i) was used for Gas Working Capital Purposes, General Working Capital Purposes or DSR Purposes and (ii) was a Working Capital Loan, Swing Line Loan or an LC Loan.

  • County Understanding on Limitations on Withdrawal from Fund for Working Capital Purposes.

  • The portion of the Revolving Portion available to be borrowed from time to time for Working Capital Purposes.

  • The Lender shall, on the terms and ---------------------- conditions set forth in this Agreement, make Revolving Credit Loans to the Borrower at the Borrower's request for the Borrower's Working Capital Purposes from the date hereof until the Revolving Credit Maturity Date, which Revolving Credit Loans in an aggregate amount shall not exceed the Revolving Credit Commitment.


More Definitions of Working Capital Purposes

Working Capital Purposes means working capital purposes of the Borrower consistent with the Business Plan. For purposes of this Agreement, expenditures which do not exceed the expenditures forecast in the Business Plan by more than five percent (5%) in any quarter shall be considered working capital purposes of the Borrower consistent with the Business Plan. Any accounting term used in this Agreement shall have, unless otherwise specifically provided herein, the meaning customarily given such term in accordance with GAAP, and all financial computations hereunder shall be computed, unless otherwise specifically provided herein, in accordance with GAAP consistently applied. That certain terms or computations are explicitly modified by the phrase "in accordance with GAAP" shall in no way be construed to limit the foregoing. All other undefined terms contained in this Agreement shall, unless the context indicates otherwise, have the meanings provided for by the Code as in effect in the Commonwealth of Massachusetts to the extent the same are used or defined therein. The words "herein," "hereof" and "hereunder" and other words of similar import refer to this Agreement as a whole, including the Exhibits and Schedules hereto, as the same may from time to time be amended, modified or supplemented and not to any particular section, subsection or clause contained in this Agreement. 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, the feminine and the neuter.
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Working Capital Purposes means either (a) Gas Working Capital Purposes or (b) General Working Capital Purposes, as applicable. “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).
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Related to Working Capital Purposes

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

  • Working Capital means, on any date, Current Assets less Current Liabilities.

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

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the close of business on the Closing Date.

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

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

  • Working Capital Target means $0.

  • Working Capital Advance has the meaning specified in Section 2.01(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 Units shall have the meaning given in the Recitals hereto.

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

  • Working Capital Assets has the meaning as set forth in the Recitals of this Agreement.

  • Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.

  • Base Working Capital means negative USD$250,000 in aggregate for the Target Entities.

  • Actual Working Capital has the meaning set forth in Section 2.7(a).

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

  • 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.

  • 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.

  • Final Working Capital has the meaning set forth in Section 2.4(b)(iii).

  • Net Working Capital Target means $0.00.

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

  • Adjusted Working Capital means the remainder of (a) the consolidated current assets of the Obligors minus the amount of cash and cash equivalents included in such consolidated current assets, minus (b) the consolidated current liabilities of the Obligors minus the amount of consolidated short-term Debt (including current maturities of long-term Debt) of the Obligors included in such consolidated current liabilities.

  • Working Capital Escrow Amount means $2,000,000.

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

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

  • Working Capital Warrants shall have the meaning given in the Recitals hereto.