Capex Loan Commitments definition

Capex Loan Commitments means the aggregate amount of such commitments of all Lenders in an aggregate amount up to $1,600,000. Capex Loan Note: a promissory note to be executed by Borrowers in favor of a Lender in the form of Exhibit B-2, which shall be in the amount of such Lender’s Capex Loan Commitment and shall evidence the Capex Loans made by such Lender.
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Capex Loan Commitments means the aggregate CapEx Loan Commitment of the CapEx Lenders. “CapEx Loan Commitment Expiration Date” means January 31, 2027. “CapEx Loan Conversion Date” shall mean, each of and collectively, the 2025 CapEx Loan Conversion Date, the 2026 CapEx Loan Conversion Date, and the 2027 CapEx Loan Conversion Date. “CapEx Loan” and “CapEx Loans” individually and collectively, as applicable, has the meaning specified in Section 2.1(c). “CapEx Loan Maturity Date” means the earlier to occur of (a) July 22, 2027 or (b) such other date on which the CapEx Loan Commitments are terminated pursuant to this Agreement. “CapEx Note” means a promissory note executed by the Borrower in favor of any CapEx Lender in the form of Exhibit C-4 evidencing the CapEx Loans of such CapEx Lender. “Capital Distribution” means a payment made, liability incurred or other consideration given by a Company to any Person that is not a Company, (a) for the purchase, acquisition, redemption, repurchase, payment or retirement of any Equity Interest of such Company, or (b) as a dividend, return of capital or other distribution (other than any stock dividend, stock split or other equity distribution payable only in capital stock or other equity of such Company) in respect of such Company’s Equity Interest. “Capitalized Lease Obligations” means obligations of the Companies for the payment of rent for any real or personal property under leases or agreements to lease that, in accordance with GAAP, have been or should be capitalized on the books of the lessee and, for purposes hereof, the amount of any such obligation shall be the capitalized amount thereof determined in accordance with GAAP. “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of one or more of the Issuing Banks or Lenders, as collateral for Letter of Credit Exposure or
Sample 1
Capex Loan Commitments means the Capex Loan A Commitments and the Capex Loan B Commitments.
Sample 1

Examples of Capex Loan Commitments in a sentence

  • After such sale or assignment has been consummated (x) the assignee Lender thereupon shall become a "Lender" for all purposes of this Agreement and (y) the assigning Lender shall have no further liability for funding the portion of Revolving Loan Commitments or Capex Loan Commitments assumed by such other Lender.

  • Any reduction of the Term Loan Commitments, the Capex Loan Commitments or the Revolving Loan Commitments shall be made ratably among the Term Loan Lenders, the Capex Loan Lenders or the Revolving Loan Lenders, as the case may be, in accordance with their respective Commitments, as the case may be.


More Definitions of Capex Loan Commitments

Capex Loan Commitments. CapEx Loans" and "CapEx Loan Commitment Termination Date" wherever they appear and inserting in place thereof "Revolving Credit Commitment", "Revolving Credit Commitment Percentage", "Revolving Credit Commitments", "Revolving Credit Loans" and "Revolving Credit Commitment Termination Date", respectively.
Sample 1
Capex Loan Commitments means the aggregate principal amount of the CapEx Loan Commitments of all Lenders, the maximum amount of which shall be $10,000,000. CapEx Loan Conditions - means, with respect to each CapEx Loan requested by Borrower pursuant to Section 1.4 hereof, the following conditions: (i) Borrower has given to Agent written notice of a request for such CapEx Loan at least five (5) Business Days prior to the date on which Borrower desires for such CapEx Loan to be funded, in which notice Borrower has described in detail the Eligible Equipment or Eligible Real Estate Improvement, the amount of the purchase price, the identity, address and phone number of the seller or construction contractor, and the expected delivery date of the Eligible Equipment or materials for the Eligible Real Estate Improvements; (ii) Borrower has provided to Agent an updated construction budget with respect to Eligible Real Estate Improvements, in form and substance satisfactory to Agent in all respects; (iii) Borrower has authorized the filing of a UCC-1 financing statement or statements or Mortgage or an amendment to a current Mortgage satisfactory to Agent and sufficient to perfect Agent's Lien, for the benefit of itself as Agent and for the benefit of the Lenders and the other Secured Parties, in the Equipment and Real Estate purchased with the proceeds of such CapEx Loan as a first priority Lien thereon; and (iv) the amount of all CapEx Loans made for Eligible Real Estate Improvements shall not exceed $4,000,000 in the aggregate at any time and the amount of the CapEx Loan that is requested, together with all other CapEx Loans previously made to Borrower by Lenders during the term of this Agreement (whether for Eligible Equipment or Eligible Real Estate Improvements), shall not exceed $10,000,000 in the aggregate. CapEx Note - means a CapEx Note to be executed by Borrower in favor of each Lender in the form of Exhibit M attached hereto, which shall be in the face amount of such Lender's CapEx Commitment and which shall evidence all CapEx Loan Advances made by such Lender to Borrower pursuant to this Agreement.
Sample 1

Related to Capex Loan Commitments

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Loan Commitment has the meaning set forth in Section 2.1.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Term B Loan Commitment means the obligation of the Term B Lenders to make a Term B Loan on the Closing Date in an aggregate principal amount equal to $850,000,000. The Term B Loan Commitment on the Closing Date is $850,000,000.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Tranche C Term Loan Commitment means, with respect to each Tranche C Term Loan Lender, the commitment of such Lender to make Tranche C Term Loans under the Tranche C Term Loan Incremental Facility Agreement.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility