Common use of Capex Loans Clause in Contracts

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.

Appears in 1 contract

Samples: Loan and Security Agreement (P&f Industries Inc)

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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 Amendment No.5 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 are hereby re-evidenced as Capex Loans loans under this Loan Agreement and the terms applicable thereto shall be are 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 30August 8, 2017 2023 or the Capex Loan Termination Date Date, as requested by Borrowers in the manner set forth in Section 2.

Appears in 1 contract

Samples: Loan and Security Agreement (P&f Industries Inc)

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 Amendment No.5 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 are hereby re-evidenced as Capex Loans loans under this Loan Agreement and the terms applicable thereto shall be are 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 30August 8, 2017 2023 or the Capex Loan Termination Date Date, as requested by Borrowers in the manner set forth in Section 22.2B.2.; provided, however, that Borrowers shall not request, and no Lender shall be obligated to advance, any Capex Loans during the Temporary

Appears in 1 contract

Samples: Loan and Security Agreement (P&f Industries Inc)

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 MayJune 30, 2017 20172018 or the Capex Loan Termination Date as requested by Borrowers in the manner set forth in Section 2.

Appears in 1 contract

Samples: Loan and Security Agreement (P&f Industries Inc)

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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 June 30, 2017 2018 or the Capex Loan Termination Date as requested by Borrowers in the manner set forth in Section 2.

Appears in 1 contract

Samples: Loan and Security Agreement (P&f Industries Inc)

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