Common use of Capital Expenditure Limitations Clause in Contracts

Capital Expenditure Limitations. Borrowers and their Subsidiaries shall not make any Capital Expenditures if, after giving effect to such Capital Expenditure, the aggregate cost of all Capital Expenditures would exceed Five Hundred Thousand and No/100 Dollars ($500,000) during any Fiscal Year; provided, however, Borrower may make an additional Capital Expenditure in Fiscal Year 2005 of up to One Million Five Hundred Thousand and No/100 Dollars ($1,500,000.00) for the leasing of Equipment from Americorp Financial.

Appears in 2 contracts

Samples: Clinical Data Inc, Clinical Data Inc

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Capital Expenditure Limitations. Borrowers and their Subsidiaries shall not make any Capital Expenditures if, after giving effect to such Capital Expenditure, the aggregate cost of all Capital Expenditures would exceed Five Hundred Thousand and No/100 Dollars ($500,000) during any Fiscal Year; provided, however, Borrower may make an additional Capital Expenditure in Fiscal Year 2005 of up to One Million Five Hundred Thousand and No/100 Dollars ($1,500,000.00) for the leasing of Equipment from Americorp Financial.

Appears in 1 contract

Samples: Loan and Security Agreement (Novitron International Inc)

Capital Expenditure Limitations. Borrowers and their Subsidiaries shall not make any Capital Expenditures if, after giving effect to such Capital Expenditure, the aggregate cost of all Capital Expenditures would exceed Five Hundred Thousand and No/100 Dollars ($500,000) during any Fiscal Year; provided, however, Borrower may make an additional Capital Expenditure in Fiscal Year 2005 of up to One Four Million Five Hundred Thousand and No/100 Dollars ($1,500,000.004,500,000.00) for the leasing of Equipment from Americorp Financialduring Fiscal Year 2005 and Three Million and No/100 Dollars ($3,000,000.00) during each Fiscal Year thereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (Amcon Distributing Co)

Capital Expenditure Limitations. Borrowers and their Subsidiaries shall not make any Capital Expenditures, other than Capital Expenditures made in connection with a Permitted Acquisition or a Target Acquisition, if, after giving effect to such Capital ExpenditureExpenditures, the aggregate cost of all Capital Expenditures would exceed Five Hundred Thousand and No/100 Eight Million Dollars ($500,0008,000,000) during that portion of the 2007 Fiscal Year and thereafter, Six Million Dollars ($6,000,000) during any Fiscal Year; provided, however, Borrower may make an additional Capital Expenditure in Fiscal Year 2005 of up to One Million Five Hundred Thousand and No/100 Dollars ($1,500,000.00) for the leasing of Equipment from Americorp Financial.

Appears in 1 contract

Samples: Loan and Security Agreement (Omni Energy Services Corp)

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Capital Expenditure Limitations. Borrowers and their Subsidiaries shall not make any Capital Expenditures Expenditure if, after giving effect to such Capital Expenditure, the aggregate cost of all Capital Expenditures made by Borrowers, collectively, in any Fiscal Year would exceed Five Hundred Thousand and No/100 Dollars ($500,000) during 1,200,000. For any Fiscal Year; provided, however, Borrower may make in addition to making Capital Expenditures in an additional Capital Expenditure in Fiscal Year 2005 aggregate amount of up to One Million Five Hundred Thousand $1,200,000 for such Fiscal Year, Borrowers may carry over to, and No/100 Dollars ($1,500,000.00) for use in, such Fiscal Year any unused permitted Capital Expenditures allocation from the leasing of Equipment from Americorp Financialimmediately preceding Fiscal Year.

Appears in 1 contract

Samples: Loan and Security Agreement and Waiver (Enservco Corp)

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