Capex. According to the financial model provided, the total Project Cost including modules and sales tax will be $[ ● ] or $[ ● ]/WDC. Total direct costs of $[ ● ] ($[ ● ]/WDC) for a PV + storage project of this characteristics, size and location can be considered normal in current market conditions.
Capex. Capex has the meaning as defined in Schedule 10 Definitions.
Capex. Customer shall pay Flex for or obtain and consign to Flex any CAPEX as set forth in Flex’s pricing quotation, the attached Fees List, or some other agreement signed by the parties incorporated herein by reference. Preparations for providing Services will not commence until payment for the CAPEX is received by Flex.
Capex. Except (A) as set forth in the capital budget provided to Parent, or (B) for expenditures related to operational emergencies as to which notice to and opportunity to grant approval by Parent is not practicable, make or authorize capital expenditures in excess of $2,000,000 in the aggregate;
Capex. The Borrower shall provide to the Facility Agent on an annual basis the budget outlining (i) the capital expenditure requirements for the immediately following period of twelve (12) months including commentary on any technical issues, downtime and operational record and (ii) such capital expenditure should not exceed ten millions Dollars (US$10,000,000) per annum unless any excess is funded by further equity or debt provided to the Borrower in accordance with the terms of clause 12.1.25(a).
Capex. The Capex incurred in each fiscal year over the life of the Financing, specifically excluding the amounts invested in other companies as foreseen in the Financial Model and defined therein as Investments in Related Parties, may not exceed TWELVE MILLION EUROS (€12,000,000), and the maximum aggregate amount for the entire period of time may not exceed FIFTY MILLION EUROS (€50,000,000). In any event, if in any given fiscal year the Borrower were to make investments below the annual established limit, it would be allowed to increase the Capex limit for the next fiscal year in an amount equivalent to the difference between the annual limit and the amount actually incurred, although the Borrower shall only be allowed to do this once during the life of the Financing. The amount of the Deferred Payments and any additional payments for Adjustments to the Purchase-Sale Price made by Telvent Export during the life of the Financing as stipulated in the Purchase-Sale Agreement shall count towards the Capex limit for the fiscal year in which such payments are made. Prior to making any such payments, the Borrower shall provide the Agent with a certificate signed by a duly authorised representative of the Borrower stating that there will be no breach of the Financial Ratios as a consequence of making such payments. The above notwithstanding, the Borrower shall be authorised to exceed the Capex limits established in this section provided that it will result in a breach of the Debt Ratio and the Debt Service Coverage Ratio in relation to the next to calculation periods of the Financial Ratios as a consequence of having exceeded the limits. To this end, if the Borrower decides to exceed the Capex limits, it shall be obliged to provide the Agent with a certificate, signed by a duly authorised representative of the Borrower, including a forecast of the Debt Ratio and Debt Service Coverage Ratio for the next to periods covered by the Financial Ratio calculation, certifying compliance once the total Capex figure has been recorded in the corresponding items (including the excess of the limit established herein).
Capex. (1) The parties will invest the capital expenditure (capex) necessary to develop production capacity for the Product to be supplied in accordance with this Agreement and in the proportions set out in clause 4.1(2).
Capex. (a) Prior to entering into any construction or professional contracts related to the applicable Cap-Ex where the total cost of such contract is over $1,000,000.00 (each, a “Cap-Ex Contract”), Borrower will deliver to Agent a draft of such Cap-Ex Contract for Lender’s review and approval, such approval not to be unreasonably withheld, denied, delayed or conditioned and to be subject to the Deemed Consent Mechanics. If requested by Agent, Borrower will deliver “will-serve” letters from applicable counterparties under the Cap-Ex Contracts in excess of $1,000,000, whereby such contract counterparties have agreed to upon a continuing Event of Default, perform the applicable work for the benefit of Agent.
Capex. (i) the Borrower shall provide on an annual basis the budget outlining the capex requirements for the immediately following period of 12 months including commentary on any technical issues, downtime/operational record and updates/changes to the field; and (ii) such capex shall not exceed ten million Dollars (US$10,000,000) per annum unless any excess is funded by further equity or debt provided to the Borrower in accordance with the terms of clause 12.1.24(a).
Capex. 3.01 Detailed historical capital expenditures (Past 5 years)
