Capital Expenditure Loan Commitment definition

Capital Expenditure Loan Commitment has the meaning set forth in Section 2.3 hereof.
Sample 1
Capital Expenditure Loan Commitment means, with respect to each Bank, the amount set forth opposite such Bank's name in Schedule I hereto directly below the column entitled "Capital Expenditure Loan Commitment," as the same may be (x) reduced or terminated from time to time pursuant to Section 3.02, 3.03, 4.02 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.12 or 13.04.
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Capital Expenditure Loan Commitment means, with respect to any Lender, the maximum amount of Capital Expenditure Loans which such Lender has agreed to make, subject to the terms and conditions of this Agreement, as set forth on the signature page hereto or any Assignment and Acceptance Agreement executed by such Lender.
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Examples of Capital Expenditure Loan Commitment in a sentence

  • Upon prior written notice to Agent at any time, Borrowers may, at their option, terminate the Capital Expenditure Loan Commitment and this credit facility.

  • Each Lender agrees, severally on a Pro Rata Capital Expenditure Loan basis up to its Capital Expenditure Loan Commitment, on the terms set forth herein, to make Capital Expenditure Loans to Borrowers from time to time through the Capital Expenditure Commitment Termination Date.

  • On any day on or prior to the Capital Expenditure Loan Conversion Date on which the aggregate outstanding principal amount of Capital Expenditure Loans exceeds the Total Available Capital Expenditure Loan Commitment, the Borrower shall repay the principal of Capital Expenditure Loans in the amount equal to such excess.

  • During the period from the Closing Date to the making of the Capital Expenditure Loan, Borrower agrees to pay to Term Agent for the benefit of the Capital Expenditure Lenders a commitment fee ("Capital Expenditure Loan Commitment Fee") on the average daily difference between (a) Two Million Dollars ($2,000,000) and (b) the aggregate principal amount of all Capital Expenditure Loans made under the terms of this Agreement, at the rate on one-half of one percent (.50%) per annum.

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  • The aggregate Capital Expenditure Advances incurred during the term of this Agreement shall not exceed the Capital Expenditure Loan Commitment (Three Million Dollars ($3,000,000)).

  • Each Lender agrees, severally on a Pro Rata Capital Expenditure Loan basis up to its Capital Expenditure Loan Commitment, on the terms set forth herein, to make Capital Expenditure Loans to Borrowers from time to time from the Closing Date or September 10, 2019, as applicable, through the Capital Expenditure Commitment Termination Date.

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  • Each Lender agrees, severally on a Pro Rata basis up to its Capital Expenditure Loan Commitment, on the terms set forth herein, to make Capital Expenditure Loans to Borrowers from time to time through the Capital Expenditure Commitment Termination Date.

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More Definitions of Capital Expenditure Loan Commitment

Capital Expenditure Loan Commitment means the aggregate commitment of the Lender to make the Capital Expenditure Loans, which aggregate commitment shall be Eight Million Dollars ($8,000,000) on the Fifth Amendment Effective Date.
Sample 1
Capital Expenditure Loan Commitment means (a) as to any Lender with a Capital Expenditure Loan Commitment, the aggregate commitment of such Lender to make the Capital Expenditure Advances as set forth on Annex N or in the most recent Lender Addition Agreement executed by such Lender and (b) as to all Lenders with a Capital Expenditure Loan Commitment, the aggregate commitment of all Lenders to make Capital Expenditure Advances, which aggregate commitment shall be the lesser of (i) the Maximum Capital Expenditure Loan and (ii) eighty percent (80%) of the aggregate Hard Costs of all Equipment acquired with proceeds of the Capital Expenditure Loan.
Sample 1
Capital Expenditure Loan Commitment means the agreement of the Lender relating to the making of the Capital Expenditure Loan and advances thereunder subject to and in accordance with the provisions of this Agreement.
Sample 1
Capital Expenditure Loan Commitment. The obligation of the Lender to make Capital Expenditure Loans to the Borrower up to the Capital Expenditure Loan Amount upon the terms and subject to the conditions and limitations of this Agreement.
Sample 1
Capital Expenditure Loan Commitment means, with respect to each Capital Expenditure Loan Lender, the commitment of such Capital Expenditure Loan Lender to make Capital Expenditure Loans to the Borrower pursuant to Section 2.2, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Capital Expenditure Loan Lender’s name on Schedule 2.1. under the heading “Commitment” or in the Assignment and Assumption pursuant to which such Capital Expenditure Loan Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.
Sample 1

Related to Capital Expenditure Loan Commitment

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

  • Net Capital Expenditures means for any period the amount by which Capital Expenditures during such period exceeds reimbursements for such items during such period from any fund established pursuant to the Loan Documents.

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

  • 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 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.

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $50,000,000, as such amount may be reduced from time to time pursuant to this Agreement.

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • 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.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

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

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • 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).

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(a) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $795,000,000.

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) included in the Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld or delayed.

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

  • 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.

  • 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).

  • Capital Expenditure Reserve means, on an annual basis, an amount equal to $0.15 per square foot for each property owned by a Borrower or the Parent (or a Subsidiary thereof).

  • Capital Expenditure means expenditure on:

  • Closing Date Term Loan Commitment means the commitment of each Lender to make Term Loans on the Closing Date hereunder in an aggregate principal amount not to exceed the amount set forth under the heading “Closing Date Term Loan Commitment” opposite its name in Schedule 2.01 hereto. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $1,150,000,000.

  • Investment Capital Expenditures means capital expenditures other than Maintenance Capital Expenditures and Expansion Capital Expenditures.