Capex Loan definition

Capex Loan means a Loan made pursuant to Section 2.01(c) hereof.

Capex Loan a term loan made pursuant to Section 2.2B. Capex Loan Commitment: for any Lender, its obligation to make Capex Loans up to the maximum principal amount shown on Schedule 1.1, or as hereafter determined pursuant to each Assignment and Acceptance to which it is a party.

Capex Loan a term loan made pursuant to Section 2.2B.

Examples of Capex Loan in a sentence

• Principal and interest on each drawdown will be repayable thirty-six months after an advance of funds.The Capex Loan is a multi-drawdown convertible loan.

• The Capex Loan was, prior to amendment (as more particularly described below) convertible based on a conversion price equal to a 5% premium to the 20-day volume weighted average price ("VWAP") of the Common Shares on the last trading date prior to a particular drawdown ("Conversion Price") in respect of the Common Shares comprising the Units.

• The Capex Loan is convertible into units of the Company ("Units") with each Unit comprised of one common share ("Common Share") and 0.22 of a Common Share purchase warrant ("Warrant"), with each Warrant entitling the holder to purchase an additional Common Share.

• The inspections documented existing conditions of the Premises’ infrastructure and made recommendations for repairs and improvements where deficiencies were noted.

• On the Capex Loan Termination Date, all principal, interest and other amounts owing with respect to each Capex Loan shall be due and payable in full.

More Definitions of Capex Loan

Capex Loan and “Capex Loans” shall mean, respectively, each direct advance and the aggregate of all such direct advances, from time to time in the form of either Prime Loans or LIBOR Loans, made by the Bank to the Borrower under and pursuant to this Agreement, as set forth in Section 2.1 hereof.

Capex Loan means a Capex Draw Loan or the Capex Term Loan.

Capex Loan means, at any time, the aggregate amount of CapEx Advances outstanding to Borrower.

Capex Loan means the outstanding balance of all CAPEX Advances "CAPEX Advances" means each advance made by Lenders under the CAPEX Loan Commitment pursuant to subsection 2.1(A).

Capex Loan means the outstanding balance of all CAPEX Advances.”

Capex Loan shall refer, individually, thereto.

Capex Loan and "CapEx Loans" wherever they appear and inserting in place thereof "Revolving Credit Loan" and "Revolving Credit Loans", respectively and (2) deleting, in the first sentence thereof, "CapEx Loan (including, if applicable, upon the initial borrowing hereunder)" and inserting in place thereof "Revolving Credit Loan the proceeds of which will be used to make Capital Expenditures and".