Examples of Capex Loan Maturity Date in a sentence
In order to effectuate the foregoing, Borrower will execute a note evidencing such Converted Loans in the form set forth in Exhibit G attached hereto on the Capex Loan Maturity Date.
Each Capex Loan hereunder shall be repaid by the Borrower on the Capex Loan Maturity Date, unless payable sooner pursuant to the provisions of this Agreement or unless converted to a Term Loan pursuant to the provisions of Section 2.1(c).
All principal, interest, and other fees outstanding on the Capex Loan shall be due and payable no later than the Capex Loan Maturity Date.
On the applicable Capex Loan Maturity Date, all then-outstanding Capex Loans shall automatically be converted into a Term Loan maturing on the Capex Facility Maturity Date bearing interest at the same rate as the Term Loan (each a “Converted Loan” and collectively “Converted Loans”).
The Companies may from time to time prior to the Revolving Loan Maturity Date or the Capex Loan Maturity Date, as the case may be, elect to have interest accrue on all or part of the outstanding principal balance of the Revolving Loan or the Capex Loan at a rate of interest equal to the Daily LIBOR, plus the applicable Daily LIBOR Margin.