Opex Loan definition
Opex Loan means the principal amount of the Advances borrowed and outstanding under the Opex Facility from time to time;
Examples of Opex Loan in a sentence
In addition to the Purchase Price, the Buyer shall, contemporaneously with the Closing, pay an advance to the Company equivalent to the Final Payoff Amount and the Company shall use such funds to pay the Final Payoff Amount to each of the Company Creditors (including the Opex Loan and Capex Loan creditors) on the Closing Date as specified in the Payoff Letters.