Capex Loans. Prior to the Closing Date, “Capex Loans” (as defined in the Existing Agreement) were made to the Borrowers under the Existing Agreement which remain outstanding as of the Closing Date (each such outstanding loans being hereinafter referred to as the “Existing Capex 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. Each Lender agrees, severally on a Pro Rata basis up to its Capex Loan Commitment, on the terms set forth herein, to make one or more Capex Loans to Borrowers from time to time through the earlier of May 30, 2017 or the Capex Loan Termination Date as requested by Borrowers in the manner set forth in Section 2.
Capex Loans. Upon the request of a Lender, to evidence the obligation of Core Molding to repay the Capex Loans made by such Lender and to pay interest thereon, Core Molding shall execute a Capex Note, payable to the order of such Lender in the principal amount of its Commitment Percentage of the Capex Commitment; provided that the failure of a Lender to request a Capex Note shall in no way detract from Core Molding’s obligations to such Lender hereunder.
Capex Loans. (a) The Lenders agree, subject to Section 2.5 and the other terms and conditions of this Agreement, to make loans to the Borrower to finance the purchase by the Borrower of Equipment (the "CapEx Loans"), from time to time from the Closing Date to but excluding the date that is six months before the Expiration Date, at the Borrower's request to the Agent, the aggregate principal amount at any time outstanding which shall not exceed the lesser of (i) $15,000,000 and (ii) 80% of the cost of such Equipment (excluding the cost of any software, warranties or other intangible assets related thereto).
Capex Loans. Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Lender with a Term Loan Commitment may, in its sole discretion, make term loans (collectively, the "Term Loan") to Borrowers, after the Eighth Amendment Effective Date, in an aggregate principal amount at any one time outstanding not to exceed such Lender's Pro Rata Share of the Term Loan Amount. The proceeds of each Term Loan shall be used by a Borrower solely to fund a portion of the purchase price of assets ("Capital Assets") acquired by such Borrower after the Eighth Amendment Effective Date that, in accordance with GAAP, are or should be included in "property, plant and equipment" or in a similar fixed asset account on such Borrower's balance sheet. The maximum principal amount of each Term Loan shall not exceed 70% of the Hard Cost of the Capital Assets to be acquired by the Borrowers with a portion of the proceeds of such Term Loan. Each Term Loan shall be made in a minimum amount of $50,000. The outstanding unpaid principal balance and all accrued and unpaid interest under the Term Loan shall be due and payable on the date of termination of this Agreement, whether by its terms, by prepayment, or by acceleration. All amounts outstanding under the Term Loan shall constitute Obligations. Any principal amount of the Term Loan which is repaid or prepaid by Borrowers may be reborrowed pursuant to the terms hereof. Borrowers may, at any time, prepay all or a portion of the Term Loan without penalty or premium."
Capex Loans. The Borrower may not incur any Financial Indebtedness for capital expenditure purposes after the date of this Agreement with any Affiliate unless the Borrower and such Affiliate agree to subordinate and postpone the repayment of such obligations as more fully set forth in the Intercompany UK Debt Subordination Agreement.
Capex Loans. Subject to the terms of this Agreement, including, without limitation, Article IV, upon the request of Borrower, Lender shall make advances to Borrower (each a “Capex Loan” and collectively the “Capex Loans”) in an aggregate principal amount not to exceed $500,000 to purchase new equipment and Borrower hereby agrees to repay to Lender the Capex Loans, together with interest thereon, in the manner provided below.
Capex Loans. Each Lender agrees, severally on a Pro Rata basis up to its Capex Loan Commitment, on the terms set forth herein, to make one or more Capex Loans to Borrowers from time to time through the earlier of April 25, 2013 or the Capex Loan Termination Date as requested by Borrowers in the manner set forth in Section 2.
Capex Loans. (i) The Borrower shall repay to the Administrative Agent for the account of the Capex Loan Lenders on the Maturity Date the aggregate principal amount of the Capex Loans outstanding on such date.
Capex Loans. The proceeds of the Capex Loans shall be used solely to fund parts or all of the costs of, or repay existing Indebtedness of the Borrower or its Subsidiaries incurred in connection with, capital expenditure projects at FBOs operated by Subsidiaries as of the Closing Date that (i) are set forth on Schedule 2.7(b) hereto, (ii) are set forth on an amendment to Schedule 2.7(b) reasonably approved by the Administrative Agent acting at the direction of the Required Lenders (which amendments shall not be requested more than once per calendar quarter), or (iii) are not reasonably expected to cost more than $500,000 to complete.
Capex Loans. As of the date hereof, the CapEx Facility is terminated; therefore, on and after the date hereof, Borrower shall not be entitled to and shall not request any CapEx Loan Advance. Borrower, Agent and Lenders acknowledge that the outstanding balance of the CapEx Loans is zero.
