CAPEX Lender definition
CAPEX Lender means each Lender with a CAPEX Loan Commitment (or if the CAPEX Loan Commitments have terminated, who holds CAPEX Loans).
CAPEX Lender means a Lender with a CapEx Loan Commitment or, if the CapEx Loan Commitments have expired or terminated, a Lender holding outstanding CapEx Loans. “CapEx Loan Commitment” means the commitment of each CapEx Lender to make a CapEx Loan pursuant to Section 2.1(c), which commitment shall be the amount set forth opposite such CapEx Lender’s name on Schedule A. “CapEx Loan Commitments” means the aggregate CapEx Loan Commitment of the CapEx Lenders. “CapEx Loan Commitment Expiration Date” means January 31, 2027. “CapEx Loan Conversion Date” shall mean, each of and collectively, the 2025 CapEx Loan Conversion Date, the 2026 CapEx Loan Conversion Date, and the 2027 CapEx Loan Conversion Date. “CapEx Loan” and “CapEx Loans” individually and collectively, as applicable, has the meaning specified in Section 2.1(c). “CapEx Loan Maturity Date” means the earlier to occur of (a) July 22, 2027 or (b) such other date on which the CapEx Loan Commitments are terminated pursuant to this Agreement. “CapEx Note” means a promissory note executed by the Borrower in favor of any CapEx Lender in the form of Exhibit C-4 evidencing the CapEx Loans of such CapEx Lender. “Capital Distribution” means a payment made, liability incurred or other consideration given by a Company to any Person that is not a Company, (a) for the purchase, acquisition, redemption, repurchase, payment or retirement of any Equity Interest of such Company, or (b) as a dividend, return of capital or other distribution (other than any stock dividend, stock split or other equity distribution payable only in capital stock or other equity of such Company) in respect of such Company’s Equity Interest. “Capitalized Lease Obligations” means obligations of the Companies for the payment of rent for any real or personal property under leases or agreements to lease that, in accordance with GAAP, have been or should be capitalized on the books of the lessee and, for purposes hereof, the amount of any such obligation shall be the capitalized amount thereof determined in accordance with GAAP. “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of one or more of the Issuing Banks or Lenders, as collateral for Letter of Credit Exposure or
CAPEX Lender. “Required Lender”, “Required Revolving Lender”, “Required CAPEX Lender”, “Supermajority Lenders” and any similar terms shall, except where otherwise expressly provided in any Loan Document, include, without limitation, Agent or such Affiliate, as the case may be, in its individual capacity as Lender, Revolving Lender, CAPEX Lender or as one of the Required Lenders, Required Revolving Lenders, Required CAPEX Lenders or Supermajority Lenders, respectively.
Examples of CAPEX Lender in a sentence
To evidence the obligation of Borrower to repay the CAPEX Loans made by each CAPEX Lender and to pay interest thereon, Borrower shall execute a CAPEX Note, payable to the order of such CAPEX Lender in the principal amount of its Commitment Percentage of the CAPEX Commitment.
Each CAPEX Lender agrees to participate in the making of the CAPEX Term Loan to Borrower on the CAPEX Conversion Date in the amount of such Lender’s Pro Rata Share of the CAPEX Commitment.
More Definitions of CAPEX Lender
CAPEX Lender means a Lender with a Pro Rata Share of the CAPEX Commitment as set forth on Schedule 1.