Capex Loan definition

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

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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

• 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.

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

• Payments made with respect to a Capex Loan may not be reborrowed.

• Borrowers shall give written notice to Agent of an intended prepayment of a Capex Loan, which notice shall specify the amount of the prepayment, shall be irrevocable once given, shall be given at least 10 Business Days prior to the end of a month and shall be effective as of the first day of the next month.

• While no Event of Default exists, Borrowers may settle, adjust or compromise any insurance claim, as long as the proceeds are delivered to Agent (and with respect to Real Estate and Equipment related to a Capex Loan, the terms and amount are reasonably satisfactory to Agent).

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 a Revolving Loan issued by Lenders based on clause (e) of the definition of Borrowing Base.

Capex Loan shall refer individually thereto.

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.”