Growth Capital Expenditures definition

Growth Capital Expenditures means Capital Expenditures related to the construction, acquisition or opening of new restaurants during any fiscal year.

Growth Capital Expenditures means, with respect to any Person for any period, the aggregate of all Capital Expenditures by such Person and its Subsidiaries during such period that will increase the Xxxxxx complexity rating of the assets of the Borrower or its Subsidiaries, and shall exclude in any event any maintenance and regulatory Capital Expenditures.

Growth Capital Expenditures means any Capital Expenditures other than Maintenance Capital Expenditures.

Examples of Growth Capital Expenditures in a sentence

• All our capital expenditures are considered Growth Capital Expenditures.

• Beginning on January 1, 2014, Borrower’s Growth Capital Expenditures, not including those financed by Lender, shall not exceed $5,000,000.00 per year without prior written approval of Lender, such approval not to be unreasonably withheld, conditioned or delayed.

• The Operating Member may incur Growth Capital Expenditures on behalf of the Company in each year in an aggregate amount of up 10% in excess of the Growth Capital Budget for such year without further approval from the Management Committee.

• The aggregate amount of all Consolidated Growth Capital Expenditures and Permitted Acquisitions shall not exceed $100,000,000; provided, that if immediately before and after giving effect to any such Consolidated Growth Capital Expenditures the Borrower’s Consolidated Leverage Ratio is less than 4.25 to 1.00, no such Dollar limit shall apply.

• For the avoidance of doubt, a Member may propose a Growth Capital Project and the related Growth Capital Expenditures to be funded by Capital Contributions or otherwise for the approval of the Management Committee at any regular or special meeting of the Management Committee, whether or not such Growth Capital Expenditures were included in the Growth Capital Budget for such fiscal year.

More Definitions of Growth Capital Expenditures

Growth Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements, and shall not include Maintenance Capital Expenditures or Investment Capital Expenditures. Growth Capital Expenditures shall include interest (and related fees) on debt incurred to finance the construction of a Capital Improvement and paid in respect of the period beginning on the date that a Group Member enters into a binding obligation to commence construction of a Capital Improvement and ending on the earlier to occur of the date that such Capital Improvement Commences Commercial Service and the date that such Capital Improvement is abandoned or disposed of. Debt incurred to fund such construction period interest payments or to fund distributions in respect of equity issued (including incremental Incentive Distributions related thereto) to fund the construction of a Capital Improvement as described in clause (a)(iv) of the definition of Operating Surplus shall also be deemed to be debt incurred to finance the construction of a Capital Improvement. Where capital expenditures are made in part for Growth Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

Growth Capital Expenditures means Investments to build, buy or develop any asset which is intended to be a source of new revenue for the Loan Party and shall exclude (i) all such projects as may be currently underway as of the Closing Date and (ii) such capital expenditures pertaining to any internal use asset (including without limitation the applicant tracking system, all middle-office and back-office technologies) as well as any related mobile or web-based technologies.

Growth Capital Expenditures means Capital Expenditures utilized in the development of new properties and/or brands of one or more lines of business of the Company and its Subsidiaries and intended to grow such business, including any capitalized software development costs used to create new features or functionality or improve existing features or functionality.

Growth Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements, and shall not include Maintenance Capital Expenditures or Investment Capital Expenditures. Growth Capital Expenditures may include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Interim Payment Period on Interim Payment Period Debt issued to fund all or a portion of an Acquisition or a Capital Improvement. Where capital expenditures are made in part for Growth Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

Growth Capital Expenditures means Capital Expenditures that are not for the maintenance, replacement or operation of existing facilities, or administration of the business of the Company or its Subsidiaries as in effect on the Closing Date, but rather expended to reduce cost position, to improve quality, to diversify product mix, or to grow the scope, geographical reach, capacity, or product mix of the operations of the Company and its Subsidiaries, which expenditures shall be determined by the Company with the consent of the Administrative Agent to qualify as designated as “Growth Capital Expenditures” hereunder.

Growth Capital Expenditures means the aggregate of capital expenditures that are made by Seller, the Acquired Company or the Acquired Subsidiaries (other than the Partnership, its Subsidiaries and Green River Processing, LLC, to the extent of the Partnership’s forty percent (40%) interest therein) for the purpose of accommodating growth in the Business both (a) after the Execution Date and (b) either (i) in accordance with Exhibit D or (ii) after the Acquired Company has received the prior written consent of Purchaser to such capital expenditure (such consent not to be unreasonably withheld, delayed or conditioned).

Growth Capital Expenditures has the meaning set forth in the LMM Agreement.