Capital Expenditure Loan Note definition

Capital Expenditure Loan Note shall have the meaning assigned to it in Section 1.3(b).
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Capital Expenditure Loan Note has the meaning set forth in Section 2.3 hereof, which note shall be in the form of Exhibit C-1 attached hereto.
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Capital Expenditure Loan Note has the meaning specified in Section 2.11.
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Examples of Capital Expenditure Loan Note in a sentence

  • Principal payable on account of the Capital Expenditure Loan shall be payable in accordance with the terms of the Capital Expenditure Loan Note.

  • All amounts evidenced by the Capital Expenditure Loan Note shall constitute Obligations.

  • Except as set forth below, the parties hereto shall have executed and delivered (i) this Agreement, (ii) that certain Second Capital Expenditure Loan Note dated as of even date herewith in the original principal amount of $1,000,000, and (iii) such further instruments and taken such further action as the Lender may have reasonably requested, in each case further to effect the purposes of this Agreement, the Credit Agreement and the Other Documents.

  • Borrower hereby authorizes Foothill, at its option, without prior notice to Borrower, to charge such interest and Letter of Credit fees, all Foothill Expenses (as and when incurred), and all installments or other payments due under the Capital Expenditure Loan Note or any other note or other Loan Document to Borrower’s Loan Account, which amounts thereafter shall accrue interest at the rate then applicable hereunder.

  • The Capital Expenditure Loan shall be evidenced by promissory notes (herein, as from time to time supplemented, extended or replaced, collectively called the "Capital Expenditure Loan Note") substantially in the form set forth in Exhibit H, with appropriate insertions, dated the date hereof, payable to the order of each Lender in the maximum principal amount of such Lender's Pro Rata Share of the Capital Expenditure Loan Commitment.

  • The Capital Expenditure Loan shall be evidenced by, and repaid with interest in accordance with, one or more promissory notes (each, a "Capital Expenditure Loan Note") of Borrower in substantially the form of Exhibit B hereto.

  • This Capital Expenditure Loan Note (this "Note") is issued pursuant to that certain Amended and Restated Credit Agreement, dated as of December 30, 1996, by and between Borrower, GE Capital, as Agent, and the Lenders named therein (as amended, restated, supplemented or otherwise modified from time to time, the "Credit Agreement"), and is entitled to the benefit and security of the Credit Agreement, the Security Agreement and all of the other Loan Documents referred to therein.

  • Prior to the transfer of a Capital Expenditure Loan Note, the applicable Lender shall endorse on the reverse side thereof the outstanding principal balance of the Capital Expenditure Loan evidenced thereby.

  • For each Lender, one (1) duly executed original Capital Expenditure Loan Note, dated the Closing Date.

  • Obligations owing under the Capital Expenditure Loan Notes shall constitute Obligations, and shall be secured by all of the Collateral, and each Capital Expenditure Loan Note, together with each amendment, extension, supplement, or replacement thereto, shall each be deemed a Financing Agreement.


More Definitions of Capital Expenditure Loan Note

Capital Expenditure Loan Note means the promissory note referred to in Section 2.1(d) evidencing the Indebtedness of Borrowers to Lender arising from the making of the Capital Expenditure Loan.
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Capital Expenditure Loan Note means the promissory note in the maximum principal amount of the Capital Expenditure Loan executed by Borrower to the order of LaSalle, dated as of the Closing Date.
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Capital Expenditure Loan Note means that certain promissory note of the Borrower in the amount of $473,333 to the Lender dated as of December 20, 1996.
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Capital Expenditure Loan Note. As defined in Section 2.3.
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Capital Expenditure Loan Note referred to in the Credit Agreement dated as of October 3, 1999, as amended by that certain First Amendment to Credit Agreement dated as of June 30, 2000, as further amended by that certain Second Amendment to Credit Agreement dated as of March 1, 2001, and as further amended by that certain Third Amendment to Credit Agreement dated as of ___________, 2001 (as the same may be hereafter from time to time amended, restated or modified, the "Credit Agreement") between the undersigned and the Lender. This note is secured, it is subject to certain permissive and mandatory prepayments and its maturity is subject to acceleration, in each case upon the terms provided in said Credit Agreement. In the event of default hereunder, the undersigned agrees to pay all costs and expenses of collection, including reasonable attorneys' fees. The undersigned waives demand, presentment, notice of nonpayment, protest, notice of protest and notice of dishonor. THE VALIDITY, CONSTRUCTION AND ENFORCEABILITY OF THIS NOTE SHALL BE GOVERNED BY THE INTERNAL LAWS OF THE STATE OF MINNESOTA WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF. BORROWERS: POORE BROTHERS, INC., a Delaware xxxxxration By_________________________________ Its_______________________________ POORE BROTHERS ARIZONA, INC., an Xxxxxna corporation By_________________________________ Its_______________________________ POORE BROTHERS DISTRIBUTING, INC., xx Arizona corporation By_________________________________ Its_______________________________ TEJAS PB DISTRIBUTING, INC., an Arizona corporation By_________________________________ Its_______________________________ POORE BROTHERS - BLUFFTON, LLC, a Xxxxware limited liability company By_________________________________ Its_______________________________ BOULDER NATURAL FOODS, INC., an Arizona corporation By_________________________________ Its_______________________________ BN FOODS, INC., a Colorado corporation
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Capital Expenditure Loan Note described in a Loan and Security Agreement dated of even date herewith, by and among the Agent, the Lender, the other Lenders under the Financing Agreement, and the Borrowers (as amended, modified, restated, substituted, extended and renewed at any time and from time to time, the "Financing Agreement"). The indebtedness evidenced by this Note is included within the meaning of the term "Obligations" as defined in the Financing Agreement. The term "Financing Documents" as used in this Note shall mean collectively this Note, the Financing Agreement and any other instrument, agreement, or document previously, simultaneously, or hereafter executed and delivered by any Borrower and/or any other person, singularly or jointly with any other person, evidencing, securing, guaranteeing, or in connection with the Principal Sum, this Note and/or the Financing Agreement. All terms used in this Note which are not otherwise defined herein shall have the meaning set forth in the Financing Agreement.
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Related to Capital Expenditure Loan Note

  • Investment Capital Expenditures means capital expenditures other than Maintenance Capital Expenditures and Expansion Capital Expenditures.

  • Capital Expenditure means expenditure on:

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Net Capital Expenditures means for any period the amount by which Capital Expenditures during such period exceeds reimbursements for such items during such period from any fund established pursuant to the Loan Documents.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Non-Financed Capital Expenditures means Capital Expenditures not financed by the seller of the capital asset, by a third party lender or by means of any extension of credit by Lender other than by means of an Advance under the Revolving Credit Facility.

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • Capital Expenditure Reserve means, on an annual basis, an amount equal to $0.15 per square foot for each property owned by a Borrower or the Parent (or a Subsidiary thereof).

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Consolidated Maintenance Capital Expenditures means, for any period, the aggregate amount of expenditures for additions to property, plant, and equipment that are not Consolidated Expansion Capital Expenditures.

  • Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) included in the Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld or delayed.

  • Unfinanced Capital Expenditures means, for any period, Capital Expenditures made during such period which are not financed from the proceeds of any Indebtedness (other than the Revolving Loans; it being understood and agreed that, to the extent any Capital Expenditures are financed with Revolving Loans, such Capital Expenditures shall be deemed Unfinanced Capital Expenditures).

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • Working Capital Advance has the meaning specified in Section 2.01(c).

  • Working Capital Loan has the meaning specified in Section 2.1(c).

  • Consolidated Capital Expenditures means, for any period, the aggregate of all expenditures of Company and its Subsidiaries during such period determined on a consolidated basis that, in accordance with GAAP, are or should be included in “purchase of property and equipment or similar items”, or that should otherwise be capitalized, as reflected in the consolidated statement of cash flows of Company and its Subsidiaries.

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.

  • Excluded Expenditure means any expenditure:

  • Loan Advance The meaning specified in Section 2.2(a).

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Permitted Acquisition Indebtedness means Indebtedness (including Disqualified Stock) of the Company or any of the Restricted Subsidiaries to the extent such Indebtedness was Indebtedness:

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Working Capital Loans means any loan made to Acquiror by any of the Sponsor, an Affiliate of the Sponsor, or any of Acquiror’s officers or directors, and evidenced by a promissory note, for the purpose of financing costs incurred in connection with a Business Combination.

  • Unfunded Capital Expenditures means those Capital Expenditures which are not financed by Funded Debt.