Examples of Capex Loan in a sentence
The Term Loan and CapEx Loan are scheduled to mature, and the commitments under the Revolver, Incremental A Revolver, and Incremental B Revolver terminate on March 31, 2020.
The Debtors have no further borrowing availability under the Revolver, Incremental A Revolver, or Incremental B Revolver commitments, have not made a principal payment on account of the Term Loan or CapEx Loan since December 29, 2016 and have not made any interest payments on account of the Credit Facilities since October 31, 2017.
As of the Petition Date, the principal amount outstanding under the Term Loan, Revolver, CapEx Loan, Incremental A Revolver, and Incremental B Revolver is not less than$23,630,000, $4,000,000, $1,187,237.50, $7,000,000, and $4,950,000, respectively.
The aggregate amount of CapEx Loan Advances is referred to herein as the "CapEx Loan." The CapEx Loan shall be evidenced by a Promissory Note made by Borrower payable to the order of Bank and dated the First Amendment Date, in the maximum aggregate principal amount of the CapEx Loan, and interest shall accrue on CapEx Loan Advances at the rate set forth in such Promissory Note.
Notwithstanding anything to the contrary contained in this Agreement, Borrowers shall not be entitled to request more than 4 CapEx Loans during the CapEx Commitment Period, and each request for a CapEx Loan shall be in an amount of at least $250,000.