Additional Working Capital Clause Samples
The 'Additional Working Capital' clause defines the terms under which extra funds may be provided to a business to support its day-to-day operational needs beyond the initially agreed amount. Typically, this clause outlines the conditions, approval process, and limits for requesting and receiving additional working capital, such as requiring lender consent or specifying acceptable uses for the funds. Its core function is to ensure that the business can maintain smooth operations during periods of increased cash flow needs, while also protecting the interests of the party providing the additional capital.
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Additional Working Capital. The Company shall attempt to arrange a working capital loan secured by the Company’s receivables and inventory. If the Company is able to arrange such a working capital loan or line of credit, Investor will agree to subordinate its existing liens and security interests on the Company’s receivables and inventory on a dollar-for-dollar basis up to $2,000,000; provided that the working capital lender and Investor can agree upon the terms of a subordination agreement in form and substance reasonably satisfactory to Investor. In addition, for every $1,000,000 of Notes that are paid off by the Company or otherwise converted into equity by the Investor, the Company shall be permitted to incur an additional $500,000 of additional working capital.
Additional Working Capital. The General Partner shall arrange for working capital loans to the Partnership as the effective operation of the Partnership, as contemplated by Article III hereof, may require. Any such loans may be evidenced by promissory notes containing terms, interest rates, maturities and security as the General Partner, in its sole discretion, shall determine; provided, however, that the General Partner shall use its best efforts to arrange for such loans on the most advantageous terms reasonably determined by the General Partner to be available to the Partnership. The General Partner may pledge or grant security interests in any and all of the Partnership’s assets as security for any indebtedness of the Partnership (i) to the extent required under the terms of the General Partner’s principal credit agreement, as in existence from time to time, or (ii) to the extent otherwise consented to by the Limited Partner.
Additional Working Capital. EXTEL shall have obtained a minimum of $1.0 million of additional working capital financing for the Businesses upon such terms and conditions as shall be reasonably acceptable to EXTEL.
Additional Working Capital. If the operation of the Property requires the infusion of Working Capital in addition to that which is available in the Bank Accounts, Owner shall procure and deliver to Manager, within five (5) Business Days after receiving notice from Manager of the need therefor, such additional funds as Manager and Owner agree in good faith are required to finance and support the uninterrupted and efficient operation of the Property.
Additional Working Capital. After the Effective Date, if the Board determines that additional working capital is necessary to operate the Renewable Diesel Facility and if the Company’s cash assets and credit facilities will be insufficient to fund such amount (such required amount, the “Additional Working Capital”), the Board shall consider the alternatives available to fund such Additional Working Capital, including requesting Member loans. If the Board determines, via Special Approval, that a Call Notice should be issued for such Additional Working Capital, the General Manager shall issue a Call Notice to the Members requesting Additional Contributions in an amount equal to the Additional Working Capital. The Members shall contribute to the Company the amount specified in such Call Notice in the proportions and priority specified in Section 3.2 on the contribution date set forth therein, such date to be not less than fifteen (15) days following the date such Call Notice is delivered.
Additional Working Capital. The General Partner agrees either to provide or attempt to arrange for working capital loans to the Partnership in such amounts and upon such terms as the effective operation of the Partnership may require. Any such loans may be evidenced by promissory notes containing terms, interest rates, maturities, and security as the General Partner, in its sole discretion, shall determine; provided that if the General Partner provides such loans, the terms of such loans shall be at rates and on terms which the General Partner or its corporate parent company, HEALTHSOUTH Corporation, has available to it in the marketplace at the time such funds are advanced. The General Partner may pledge or grant security interests in any and all of the Partnership’s assets as security for any indebtedness of the Partnership. In arranging such loans, the General Partner shall not be required to provide any collateral or any assurances in addition to its obligations pursuant to applicable law as a general partner.
Additional Working Capital. YGYI’s intends to invest up to $25,000,000 in KII, if YGYI and Seller and the Representing Partymutually determine that the cash flow of KII is insufficient and such capital is needed for additional working capital to be provided on an agreed upon schedule. Of this $25,000,000, a total of $2,000,000 shall be invested at the time of Closing. The Seller, the Representing Party and YGYI agree to meet within sixty (60) days of the Closing to determine the financing needs of KII and if the Sellers, the Representing Partyand YGYI mutually determine that that the cash flow of KII is insufficient and additional capital is needed, YGYI shall invest up to an additional $13,000,000 (subject to market conditions and availability of funds) within ninety (90) days of the Closing, and up to an additional $10,000,000 if the Seller, the Representing Party and YGYI mutually determine that that the cash flow of KII is insufficient and additional capital is needed, such $10,000,000 to be invested on a schedule to be determined.
Additional Working Capital. DTR agrees to provide to GelStat, in a timely manner, whatever additional working capital is required by GelStat in GelStat's sole, good faith estimation, up to as much as $400,000 between the time, if any, that DTR and NP Acquisition execute the Merger Agreement and the time of Closing as set forth in Section 1.4 of the Merger Agreement. This additional working capital shall be provided as a loan, under the same terms and conditions as the Loan previously executed.
Additional Working Capital. The Purchaser shall cause its business and operations to be funded in accordance with the provisions of paragraph (c) of Schedule I and Schedule IA to this Agreement.