CapEx Commitment Termination Date definition

CapEx Commitment Termination Date means the earliest of (a) the first anniversary of the Closing Date, (b) the date of termination of Lenders' obligations to make Advances or permit existing Loans to remain outstanding pursuant to Section 8.2(b), and (c) the date of indefeasible prepayment in full by Borrower of the Loans, and the permanent reduction of all Commitments to zero dollars ($0).
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CapEx Commitment Termination Date means May 31, 2018.
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CapEx Commitment Termination Date means December 31, 2013.
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Examples of CapEx Commitment Termination Date in a sentence

  • Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make CapEx Advances to the Borrower from time to time on any Business Day until the CapEx Commitment Termination Date; provided that after giving effect to such CapEx Advances, the sum of the aggregate outstanding amount of all CapEx Advances shall not exceed the aggregate CapEx Commitments in effect at such time.

  • The Borrower shall pay to the Administrative Agent for the ratable benefit of each CapEx Lender the aggregate outstanding principal amount of the CapEx Advances in quarterly installments each equal to five percent (5%) of the aggregate CapEx Advances outstanding on the CapEx Commitment Termination Date (after giving effect the CapEx Advances, if any, made on the CapEx Commitment Termination Date).

  • Furthermore, on the CapEx Commitment Termination Date, each Lender’s CapEx Commitment shall be reduced to zero.

  • Such Commitment Fee is due quarterly in arrears on March 31st, June 30th, September 30th, and December 31st of each year, commencing on December 31, 2014, and on the CapEx Commitment Termination Date.

  • The Borrower shall pay to the Administrative Agent for the ratable benefit of each CapEx Lender the aggregate outstanding principal amount of the CapEx Advances in quarterly installments each equal to 6.25% of the aggregate CapEx Advances outstanding on the CapEx Commitment Termination Date.

  • The Borrower agrees to pay to the Administrative Agent for the account of each CapEx Lender a commitment fee equal to 0.55% on the average daily amount by which (i) such Lender’s CapEx Commitment exceeds (ii) the sum of such Lender’s outstanding CapEx Advances; provided that, (A) no such commitment fee shall accrue on the CapEx Commitment of a Defaulting Lender during the period such Lender remains a Defaulting Lender and (B) no such commitment fee shall accrue after the CapEx Commitment Termination Date.

  • Such Commitment Fee is due quarterly in arrears on March 31, June 30, September 30, and December 31 of each year commencing on March 31, 2013, and on the CapEx Commitment Termination Date.

  • Such quarterly installments shall be due and payable on each March 31st, June 30th, September 30th, and December 31st, commencing with the first such payment date occurring after the CapEx Commitment Termination Date, and a final installment of the remaining unpaid principal balance of the CapEx Advances payable on the CapEx Maturity Date.

  • Furthermore, (1) on the CapEx Commitment Termination Date, each Lender’s CapEx Commitment shall be reduced to zero, and (2) with each CapEx Borrowing, each CapEx Lender’s CapEx Commitment shall be reduced by the amount of CapEx Advances funded by such Lender in connection with such CapEx Borrowing.

  • Such quarterly installments shall be due and payable on each March 31, June 30, September 30, and December 31, commencing with the first payment date occurring after the end of the CapEx Commitment Termination Date, and a final installment of the remaining, unpaid principal balance of the CapEx Advances payable on the CapEx Maturity Date.


More Definitions of CapEx Commitment Termination Date

CapEx Commitment Termination Date means [insert six month anniversary of Amendment No. 1 Effective Date].
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