Examples of Capex Facility in a sentence
Noting the inherent conflict of interest for most committee members, the Chair asked for comment.
The principal balance of the Converted Loans with respect to the Capex Facility will be amortized over a 60-month period and principal and interest thereon will be payable in arrears on the last day of each calendar month.
Availability of funds under the Capex Facility is conditional upon the facility agent having received and being satisfied with the form and substance of conditions precedent usual for transactions of a similar nature, and in particular it shall be a condition precedent that Admission has occurred and that the 2012 Loan and any associated hedging has been settled in full.
Any amount repaid or prepaid in relation to the Term Loan or, after tile last day of tile Capex Commitment Period, the Capex Loan, may not be re-borrowed and shall reduce the Term Loan and Guarantee Facility Limit or, as the case may be, the Capex Facility Limit by the amount so repaid or prepaid.
On the applicable Capex Loan Maturity Date, all then-outstanding Capex Loans shall automatically be converted into a Term Loan maturing on the Capex Facility Maturity Date bearing interest at the same rate as the Term Loan (each a “Converted Loan” and collectively “Converted Loans”).