Examples of Capex Loans in a sentence
The aggregate dollar amount of LIBOR Loans may not comprise more than 80% of the outstanding dollar amount of all Revolver Loans plus 100% of the outstanding dollar amount of all Term Loans plus 100% of the outstanding dollar amount of all Capex Loans minus any scheduled principal payments of the Term Loans to be made pursuant to Section 5.3.1 minus any scheduled principal payments of the Capex Loans to be made pursuant to Section 2.2B.3 during Interest Periods for all LIBOR Loans.
Subject to the terms and conditions of this Agreement, the Obligors and each Lender agree that on the Closing Date, the Existing Capex Loans shall be re-evidenced as Capex Loans loans under this Loan Agreement and the terms applicable thereto shall be restated in their entirety and shall be evidenced by this Agreement.
The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the obligations of the Borrower under the Capex Note to repay the principal amount of the Capex Loans, together with all interest accruing thereon.
The Mexican Draw Disbursements and the disbursements of the Capex Loans shall be governed by the Budget, which shall be in form and substance substantially similar to the initial Budget and reasonably satisfactory to Agent.
The Borrower agrees to pay the Bank a non-utilization fee equal to one half of one percent (.5%) of the total of (a) the Capex Loan Commitment minus (b) the sum of (i) the daily average of the aggregate principal amount of all Capex Loans outstanding.