Net Equipment Loans definition

Net Equipment Loans means, at any time, (i) (A) the aggregate principal amount of Revolving Loans made by the Lenders pursuant to Section 2.1(a) plus (B) the aggregate principal amount of Swing Loans made by the Swingline Lender pursuant to Section 2.1(b), minus (ii) all repayments of principal of the Revolving Loans and Swing Loans made by the Borrowers pursuant to this Agreement, including without limitation all voluntary prepayments of Revolving Loans and Swing Loans pursuant to Section 2.7.
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Net Equipment Loans means, at any time, (i) (A) the aggregate principal amount of Revolving Loans made by the Lenders pursuant to Section 2.1(a) plus (B) the aggregate principal amount of Swing Loans made by the Swingline Lender pursuant to Section 2.1(b), minus (ii) all repayments of principal of the Revolving Loans and Swing Loans made by the Borrowers pursuant to this Agreement, including all voluntary prepayments of Revolving Loans and Swing Loans pursuant to Section 2.7.
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Net Equipment Loans means, at any time, (i) (A) the aggregate principal amount of Revolving Loans made by the Lenders pursuant to Section
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Examples of Net Equipment Loans in a sentence

  • The Borrowers agree to pay to the Administrative Agent, for the ratable benefit of the Working Capital Lenders, a fee on the actual daily amount by which the Total Equipment Loans exceeds the sum of (i) the Net Equipment Loans plus (ii) all outstanding Working Capital Loans, measured from the date hereof through the Scheduled Termination Date at a rate per annum equal to 0.35%, payable in arrears (x) on the last day of each calendar month and (y) on the Scheduled Termination Date.

  • The percentage which is equal to (i) prior to the Loan Conversion Date, 26%; and (ii) on and after the Loan Conversion Date, the sum of the greater of (x) 26% and (y) the sum of (a) the Equipment Loan Reserve Requirement at such time as a percentage of the Net Equipment Loans Balance, (b) the Available Drawing Amount at such time as a percentage of the Net Equipment Loans Balance and (c) the OC Percentage in effect as of the Loan Conversion Date.

  • The Borrowers agree to pay to the Administrative Agent, for the ratable benefit of the Working Capital Lenders, a fee on the actual daily amount by which the Total Equipment Loans exceeds the sum of (i) the Net Equipment Loans plus (ii) all outstanding Working Capital Loans, measured from the date hereof through the Scheduled Termination Date at a rate per annum equal to 0.16%, payable in arrears (x) on the last day of each calendar month and (y) on the Scheduled Termination Date.