Capex Loans. Prior to the Closing Date, “Capex Loans” (as defined in the Existing Agreement) were made to the Borrowers under the Existing Agreement which remain outstanding as of the Amendment No.5 Closing Date (each such outstanding loans being hereinafter referred to as the “Existing Capex Loans”). Subject to the terms and conditions of this Agreement, on the Closing Date, the Existing Capex Loans are hereby re-evidenced as Capex Loans loans under this Loan Agreement and the terms applicable thereto are restated in their entirety and evidenced by this Agreement. Each Lender agrees, severally on a Pro Rata basis up to its Capex Loan Commitment, on the terms set forth herein, to make one or more Capex Loans to Borrowers from time to time through the earlier of August 8, 2023 or the Capex Loan Termination Date, as requested by Borrowers in the manner set forth in Section 2.2B.2.; provided, however, that Borrowers shall not request, and no Lender shall be obligated to advance, any Capex Loans during the Temporary
Capex Loans. (a) The Lenders agree, subject to Section 2.5 and the other terms and conditions of this Agreement, to make loans to the Borrower to finance the purchase by the Borrower of Equipment (the "CapEx Loans"), from time to time from the Closing Date to but excluding the date that is six months before the Expiration Date, at the Borrower's request to the Agent, the aggregate principal amount at any time outstanding which shall not exceed the lesser of (i) $15,000,000 and (ii) 80% of the cost of such Equipment (excluding the cost of any software, warranties or other intangible assets related thereto).
Capex Loans. Upon the request of a Lender, to evidence the obligation of Core Molding to repay the Capex Loans made by such Lender and to pay interest thereon, Core Molding shall execute a Capex Note, payable to the order of such Lender in the principal amount of its Commitment Percentage of the Capex Commitment; provided that the failure of a Lender to request a Capex Note shall in no way detract from Core Molding’s obligations to such Lender hereunder.
Capex Loans. Subject to and upon the terms and conditions herein set forth, each Lender severally agrees to make to Borrower, to the extent of the CapEx Loan Commitment, CapEx Loan Advances on any Business Day during the period from the First Amendment Closing Date to May 10, 2007, to finance Borrower's purchase of Eligible Equipment and Eligible Real Estate Improvements. In no event shall any Lender have any obligation to honor a request of Borrower for a CapEx Loan unless at the time of such request each of the CapEx Loan Conditions is satisfied, and the principal amount of each CapEx Loan that is requested by Borrower shall not be less than $200,000. The proceeds of each CapEx Loan shall be used solely to purchase Eligible Equipment and Eligible Real Estate Improvements and the amount of each CapEx Loan shall not exceed 80% of the Equipment Purchase Price of the Eligible Equipment or 80% of the Real Estate Improvement Purchase Price of the Eligible Real Estate Improvements so purchased. Each Lender shall make its CapEx Loan Advance available to Agent in immediately available funds, to such account of Agent as Agent may designate, not later than 12:00 noon on the date that Borrower requests such CapEx Loan. After Agent's receipt of the proceeds of such CapEx Loan Advance, and upon satisfaction of the conditions precedent set forth in Section 10 hereof and Section 10 of the First Amendment, Agent shall make the proceeds of all such CapEx Loan Advances available to Borrower on the date requested by Borrower by transferring same day funds equal to the proceeds of such CapEx Loan Advances received by Agent to an account designated by Borrower in writing. All CapEx Loans shall be secured by the Collateral. Borrower may not reborrow any amount repaid with respect to any of the CapEx Loans. The CapEx Loans shall bear interest as set forth in Section 2.1.1 hereof.
Capex Loans. (i) The Borrower shall repay to the Administrative Agent for the ratable account of the CapEx Lenders the aggregate principal amount of all CapEx Loans in accordance with the terms of Section 2.10(d)(ii) (which principal amounts shall be reduced as a result of the application of prepayments in accordance with Section 2.8). (ii) The outstanding principal amount of all CapEx Loans advanced hereunder (A) during the Initial CapEx Availability Period shall convert to a term loan on the 2025 CapEx Loan Conversion Date, (B) during the Second CapEx Availability Period shall convert to a term loan on the 2026 CapEx Loan Conversion Date, and (C) during the Final CapEx Availability Period shall convert to a term loan on the 2027 CapEx Loan Conversion Date. Following each applicable CapEx Loan Conversion Date, the CapEx Loans so converted shall amortize in equal monthly installments of principal equal to the amount necessary to amortize such CapEx Loans over a five (5) year period. Each such installment shall be payable on the 10th day of each calendar month following each applicable CapEx Loan Conversion Date. The remaining principal balance of the CapEx Loans shall be repaid in full on the CapEx Loan Maturity Date. Interest. (a)
Capex Loans. The Borrower may not incur any Financial Indebtedness for capital expenditure purposes after the date of this Agreement with any Affiliate unless the Borrower and such Affiliate agree to subordinate and postpone the repayment of such obligations as more fully set forth in the Intercompany UK Debt Subordination Agreement.
Capex Loans. (i) Subject to the terms and conditions set forth herein, each Lender, severally and not jointly, agrees to make Loans to Borrower to finance Borrower's purchase of Equipment for use in Borrower's business ("Capex Loans") in the sum equal to such Lender's Commitment Percentage of an amount not to exceed eighty percent (80%) of the net invoice cost of such Equipment purchased by Borrower (which shall be exclusive of shipping, handling, taxes, installation and all other "soft" costs) provided that the total amount of all outstanding Capex Loans shall not exceed the Maximum Capex Amount. All Capex Loans must be in original principal amounts
Capex Loans. 22 (a) Amounts..........................................................22 (b)
Capex Loans. No Borrowing of CapEx Loans shall be made if, after giving effect thereto, the aggregate outstanding principal amount of all the CapEx Loans (a) of all the Lenders would exceed the lesser of (i) the CapEx Loan Sublimit or (ii) 80% of the Hard Costs of any new equipment purchased with such CapEx Loans as provided in clause (b) of Section 5.2.2; or (b) of any Lender would exceed the lesser of (i) such Lender's Percentage of the CapEx Sublimit or (ii) such Lender's Percentage of 80% of the Hard Costs of any new equipment purchased with such CapEx Loans as provided in clause (b) Section 5.2.2.
Capex Loans. The Borrowers shall, on the first Business Day of each calendar month following the making of each CapEx Loan, make a scheduled repayment of the aggregate outstanding principal amount thereof in an amount equal to 1/72 of the original principal amount of each such CapEx Loan.
