Common use of Capex Loan Termination Date Clause in Contracts

Capex Loan Termination Date. the earliest to occur of (a) the Revolver Termination Date; (b) the date on which Borrowers terminate the Revolver Commitments pursuant to Section 2.1.4; and (c) the date on which the Capex Loan Commitments are terminated pursuant to Section 11.2. Capital Expenditures: without duplication, all liabilities incurred, expenditures made or payments due (whether or not made) by a Borrower or Subsidiary for the acquisition of any fixed assets, or any improvements, replacements, substitutions or additions thereto with a useful life of more than one year, including the principal portion of Capital Leases. Capital Lease: any lease that is required to be capitalized for financial reporting purposes in accordance with GAAP. Capital One: Capital One, National Association, a national banking association, and its successors and assigns.

Appears in 2 contracts

Samples: Loan and Security Agreement (P&f Industries Inc), Loan and Security Agreement (P&f Industries Inc)

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Capex Loan Termination Date. the earliest to occur of (a) the Revolver Termination DateDecember 19, 2017; (b) the date on which Borrowers terminate the Revolver Commitments pursuant to Section 2.1.4; and (c) the date on which the Capex Loan Commitments are terminated pursuant to Section 11.2. Capital Expenditures: without duplication, all liabilities incurred, expenditures made or payments due (whether or not made) by a Borrower or Subsidiary for the acquisition of any fixed assets, or any improvements, replacements, substitutions or additions thereto with a useful life of more than one year, including the principal portion of Capital Leases. Capital Lease: any lease that is required to be capitalized for financial reporting purposes in accordance with GAAP. Capital One: Capital One, National AssociationN.A., a national banking association, and its successors and assigns.

Appears in 1 contract

Samples: Loan and Security Agreement (P&f Industries Inc)

Capex Loan Termination Date. the earliest to occur of (a) the a)the Revolver Termination Date; (b) the date on which Borrowers terminate the Revolver Commitments pursuant to Section toSection 2.1.4; and (c) the date on which the Capex Loan Commitments are terminated pursuant to Section toSection 11.2. Capital Expenditures: without duplication, all liabilities incurred, expenditures made or payments due (whether or not made) by a Borrower or Subsidiary for the acquisition of any fixed assets, or any improvements, replacements, substitutions or additions thereto with a useful life of more than one year, including the principal portion of Capital Leases. Capital Lease: any lease that is required to be capitalized for financial reporting purposes in accordance with GAAP. Capital One: Capital One, National Association, a national banking association, and its successors and assigns.

Appears in 1 contract

Samples: Loan and Security Agreement (P&f Industries Inc)

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Capex Loan Termination Date. the earliest to occur of (a) the Revolver Termination DateFebruary 11, 2019; (b) the date on which Borrowers terminate the Revolver Commitments pursuant to Section 2.1.4; and (c) the date on which the Capex Loan Commitments are terminated pursuant to Section 11.2. Capital Expenditures: without duplication, all liabilities incurred, expenditures made or payments due (whether or not made) by a Borrower or Subsidiary for the acquisition of any fixed assets, or any improvements, replacements, substitutions or additions thereto with a useful life of more than one year, including the principal portion of Capital Leases. Capital Lease: any lease that is required to be capitalized for financial reporting purposes in accordance with GAAP. Capital One: Capital One, National Association, a national banking association, and its successors and assigns.

Appears in 1 contract

Samples: Loan and Security Agreement (P&f Industries Inc)

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