Total Equipment Loans definition

Total 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 any payments deemed to have been made to Total Equipment Loans pursuant to Section 2.13(e), but excluding any voluntary prepayments of principal pursuant to Section 2.7.
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Total 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 any voluntary prepayments of principal under Section 2.7(b), but excluding any voluntary prepayments of principal pursuant to Section 2.7(a).
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Total Equipment Loans means, at any time, (i) (A) the aggregate principal amount of Revolving Loans made by the Lenders pursuant to S ection 2.1(a) plus (B) the aggregate principal amount of Swing Loans made by the Swingline Lender pursuant to S ection 2.1(b), m inus (ii) all repayments of principal of the Revolving Loans and Swing Loans made by the Borrowers pursuant to this Agreement, including any payments deemed to have been made to Total
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Examples of Total 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 Borrowers may prepay the Revolving Loans and Swing Loans in whole or in part at any time (together with any breakage costs that may be owing pursuant to Section 2.16(a) after giving effect to such prepayment); provided, however, that in no event shall the aggregate amount of partial prepayments of Revolving Loans and Swing Loans exceed 65% of the Total Equipment Loans.

  • 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.