Approved Working Capital Facility definition

Approved Working Capital Facility means a credit facility or other arrangement entered into by one or more of the Group Members subsequent to the Closing Date that will provide the Partnership with an ability to make borrowings used solely for working capital purposes or to pay distributions to the Limited Partners; provided that the terms and conditions of such facility shall be approved by the Investor Representatives.
View Source
Approved Working Capital Facility shall be construed accordingly;
View Source
Approved Working Capital Facility has the same meaning assigned to such term in the Partnership Agreement.
View Source

Examples of Approved Working Capital Facility in a sentence

  • Upon the entry by the Partnership Parties into an Approved Working Capital Facility, the proceeds retained by Issuer pursuant to Section 5.4(a) above, plus or minus the amount by which Transaction Expenses are less than or exceed, as the case may be, $6,000,000, will be transferred or distributed to QRC (or its designated Affiliates) and will not be available for use by Issuer.

  • Upon the closing of an Approved Working Capital Facility (as defined above), MLP shall distribute, grant, bargain, convey, assign, transfer, set over and deliver to QRC an amount in cash equal to $15.0 million as the remaining portion of the Capital Expenditure Reimbursement, plus or minus the amount by which the transaction expenses described in Section 2.17 are less than or exceed, as the case may be, $6.0 million.

  • Upon entering into an Approved Working Capital Facility, such $15 million shall be distributed to QRC.


More Definitions of Approved Working Capital Facility

Approved Working Capital Facility means any working capital facility approved by the Authority pursuant to any Nuclear Site Contract;
View Source
Approved Working Capital Facility shall have the meaning set forth in Section 5.4(a).
View Source
Approved Working Capital Facility means the credit facility which the Operator has with a New Zealand bank for the funding of Direct Costs;
View Source
Approved Working Capital Facility means one or more working capital facilities and revolving capital facilities (including swing line subfacilities), which may be secured in whole or part by assets of the Company Group, as approved in the Approved Business Plan and in an aggregate principal amount not to exceed Five Million Dollars ($5,000,000.00).
View Source

Related to Approved Working Capital Facility

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

  • Base Working Capital means $199,000,000.

  • 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.

  • Working Capital Loan has the meaning provided in Section 2.04(a) (Working Capital Loan Availability).