Common use of Working Capital Line Clause in Contracts

Working Capital Line. Subject to the terms of this Indenture, the Company shall use its best efforts to maintain a revolving credit facility or similar arrangement, with the Company and PCI Chemicals Canada Company as the borrowers thereunder, as provided for in the effective Plan of Reorganization, to the extent it deems necessary based on its cash position and cash flows needed to fund the foreseeable capital expenditure and working capital requirements of the Company and PCI Chemicals Canada Company and their respective Subsidiaries, taken as a whole.

Appears in 1 contract

Sources: Indenture (Pioneer Companies Inc)

Working Capital Line. Subject to the terms of this Indenture, the Company shall use its best efforts to maintain a revolving credit facility or similar arrangement, with the Company and PCI Chemicals Canada Company as the borrowers thereunder, as provided for in the effective Plan of Reorganization, to the extent it deems necessary based on its cash 111 position and cash flows needed to fund the foreseeable capital expenditure and working capital requirements of the Company and PCI Chemicals Canada Company and their respective Subsidiaries, taken as a whole.

Appears in 1 contract

Sources: Indenture (Pioneer Companies Inc)

Working Capital Line. Subject to the terms of this IndentureAgreement, the Company Borrower shall use its best efforts to maintain a revolving credit facility or similar arrangement, arrangement with the Company Borrower and PCI Chemicals Canada Company as the borrowers thereunder, as provided for in the effective Plan of Reorganization, to the extent it deems necessary based on its cash position and cash flows needed to fund the foreseeable capital expenditure and working capital requirements of the Company and Borrower, PCI Chemicals Canada Company and their respective Subsidiaries, taken as a whole.

Appears in 1 contract

Sources: Term Loan Agreement (Pioneer Companies Inc)