Maximum WC Debt

Maximum WC Debt. Shall mean the sum of: (a) aggregate outstanding principal amount of loans and outstanding letter of credit accommodations made or issued pursuant to the Working Capital Loan Documents up to a maximum amount equal to the lesser of (i) $110,000,000 and (ii) the amount equal to (A) the Availability, multiplied by (B) 110%; plus (b) the portion of the aggregate outstanding principal amount of loans and letter of credit accommodations that are made or issued pursuant to the Working Capital Loan and... Security Agreement but that are not made or issued intentionally or with actual knowledge that such loans and letter of credit accommodations cause the aggregate outstanding principal amount of loans and letter of credit accommodations to exceed the amount equal to the Availability multiplied by 110% (but do not exceed $110,000,000) calculated at the time made or issued; plus (c) Intentional Overadvances in a principal amount not to exceed $5,000,000; plus (d) interest, fees, indemnities, costs and expenses arising under the Working Capital Loan Documents; provided, that, the term "Availability" as used in this definition shall not include any obligations or liabilities of any Borrower to any financial institutions pursuant to any Hedge Agreements in an amount in excess of the Hedge Reserves. View More