CapEx Term Loan definition

CapEx Term Loan means any CapEx Loan or CapEx Loans that have been converted to a term loan pursuant to Section 2.02(c) hereof.
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CapEx Term Loan has the meaning set forth in Section 2.2(b).
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CapEx Term Loan means the Loan granted to Core Molding in an original principal amount equal to the aggregate principal amount of all Capex Draw Loans outstanding on the Capex Conversion Date, in accordance with Section 2.4(b) hereof.
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Examples of CapEx Term Loan in a sentence

  • In the event such notice is not received by Lender within such thirty (30) day period, or such replacement Equipment is not purchased within ninety (90) days after such notice is received by Lender, said proceeds shall be immediately applied by Lender in respect of the Cap/Ex Term Loan.

  • Subject to Section 7.13, Borrower may, upon at least 3 Business Days prior written notice to Lender, prepay the principal of the Equipment Term Loan or any CapEx Term Loan in whole or in part.

  • Each CapEx Term Loan shall be in an amount of not less than $500,000.

  • Lender shall not be obligated to provide any Advances or any CapEx Term Loan during any period that an Overadvance Amount is outstanding.

  • Borrower shall notify Bank in writing at least ten (10) Business Days prior to the Business Day on which the proposed CapEx Term Loan is to be made of its request for a CapEx Term Loan.

  • Notwithstanding any amortization schedule for advances made under the CapEx Term Loan Facility, upon the effective date of any termination of this Agreement under SECTION 11 or SECTION 13 hereof, all amounts then outstanding under the CapEx Term Loan Facility shall become immediately due and payable without notice or demand.

  • So long as no Event of Default shall have occurred and is continuing, each such prepayment shall be applied against the remaining installments of principal due on the Equipment Term Loan or any CapEx Term Loan, as applicable, in the inverse order of maturity.

  • Proceeds of Advances shall not be used by Borrower to make a prepayment of the Equipment Term Loan or any CapEx Term Loan.

  • The obligation of Lender to continue to make Advances or make any CapEx Term Loan (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of the conditions subsequent set forth on Exhibit C (the failure by Borrower to so perform or cause to be performed such conditions subsequent as and when required by the terms thereof, shall constitute an Event of Default).

  • Notwithstanding the terms of this Agreement, in no event shall Bank be obligated to make CapEx Term Loans if, either immediately before or after giving effect to any such CapEx Term Loan, (i) a Deficiency has occurred or shall occur, or (ii) an Event of Default has occurred or shall occur.


More Definitions of CapEx Term Loan

CapEx Term Loan means the Loan granted to Borrower by the CAPEX Lenders in accordance with Section 2.1.3(b).
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CapEx Term Loan means each loan made by Lender to Borrower as provided for in Section 2.2(b) hereof.
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CapEx Term Loan means the Capex Term Loan in Section 1.7B.
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CapEx Term Loan has the meaning provided in Section 2.01(b)(iv).
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CapEx Term Loan shall have the meaning ascribed thereto in SECTION 2.1 hereof.
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Related to CapEx Term Loan

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Tranche B Term Loan as defined in Section 2.1.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche A Term Loan as defined in Section 2.1.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Additional Term Loan has the meaning specified in Section 2.01(c).

  • New Term Loans as defined in Section 2.24.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Initial Term Loans means the term loans made by the Initial Term Lenders to the Borrower pursuant to Section 2.01(a)(i).

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Tranche A Term Loan Lender means a Lender with a Tranche A Term Loan Commitment or an outstanding Tranche A Term Loan.

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).