CapEx Advance definition

CapEx Advance means any advance by a CapEx Lender to the Borrower as part of a CapEx Borrowing.

CapEx Advance has the meaning given in Section 2.6(b).

CapEx Advance means the advance made or to be made to Newco under the Capex Facility or, as the case may be, the outstanding principal amount of that advance.

Examples of CapEx Advance in a sentence

• The “Class” of an Advance refers to the determination of whether such Advance is a Revolving Advance, a Term Advance, a CapEx Advance or a Swing Line Advance.

• Requests may be made in writing or by telephone, specifying the date of the requested CapEx Advance and the amount thereof.

• The obligation of each CapEx Lender to make a CapEx Advance on the occasion of each CapEx Borrowing shall be subject to the further conditions precedent set forth in Schedule IV.

• The Credit Agreement is hereby amended by adding the following new sentence to the end of Section 1.1(c)(i): Notwithstanding anything to the contrary set forth in this Agreement, the Lenders shall not be obligated to make, and the Borrower shall not request, more than one CapEx Advance in any Fiscal Month.

• Each Borrower agrees to comply with the following procedures in requesting CapEx Advances: (1) Such Borrower shall make each request for a CapEx Advance to the Lender before 11:00 a.m. (Denver time) two Banking Days before the day of the requested CapEx Advance.

More Definitions of CapEx Advance

CapEx Advance has the meaning ascribed to it in Section 1.1(c)(i).

CapEx Advance means a portion of the Domestic Revolving Loans equal to the then current Capex Borrowing Base.

CapEx Advance means each advance made by Lender under the CAPEX Loan Commitment pursuant to subsection 2.1(C). -----------------

CapEx Advance means the principal amount of each advance made or to be made (including each Deemed Advance) under the Capex Facility in each case as from time to time reduced by repayment or prepayment or consolidated in accordance with Clause 6.1(e) (Interest Periods).

CapEx Advance has the meaning given in Section 2.6(b). "CapEx Maximum Line" initially means $3,100,000, which amount may be increased or decreased in accordance with Section 2.19, in which event it means the amount to which said amount is changed. "CapEx Note" means the promissory note of the Borrowers, payable to the order of the Lender in substantially the form of Exhibit C hereto, and any note or notes issued in substitution therefor, as the same may hereafter be amended, supplemented or restated from time to time. "CapEx Note Consolidation Date" means the earliest to occur of the following: (a) the first date on which the outstanding principal balance of the CapEx Note is equal to the CapEx Maximum Line, or (b) October 31, 2001. "Capital" means Book Net Worth plus Subordinated Debt. "Capital Expenditures" for any Borrower for a period means any expenditure of money by such Borrower for the lease, purchase or other acquisition of any capital asset, whether payable currently or in the future, to the extent such expenditure is required by GAAP to be capitalized on such Borrower's balance sheet. "Change in Control" shall mean (a) any Person or "group" (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Securities Exchange Act of 1934, as amended), other than Existing Investors, shall at any time have acquired direct or indirect beneficial ownership of 50% or more of the outstanding Voting Stock of Parent; (b) occupation of a majority of the seats (other than vacant seats) on the board of directors of Parent by Persons who were neither (i) nominated by the current board of directors of Parent nor (ii) appointed by directors so nominated; (c) a merger or consolidation involving Parent; or (d) Parent shall cease to own, directly or indirectly, 100% of the outstanding capital stock of any Borrower, except as a result of a transaction permitted under Section 7.6 or 7.

CapEx Advance means any advance by the Lender to the Borrower as part of this Section 2.3A.

CapEx Advance and "CAPEX Advances" shall have the meanings set forth in subsection 2.1(C) hereof.