Common use of Capital Expenditure Limitations Clause in Contracts

Capital Expenditure Limitations. Borrower and its Subsidiaries shall not make any Capital Expenditure if, after giving effect to such Capital Expenditure, the aggregate cost of all Capital Expenditures would exceed (i) $1,500,000 during the twelve month period ending June 30, 2004, (ii) $1,800,000 during the twelve month period ending June 30, 2005 or (iii) $2,300,000 during the twelve month period ending June 30, 2006 and the twelve month period ending each June 30 thereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (Easy Gardener Products LTD)

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Capital Expenditure Limitations. Borrower and its Subsidiaries shall not make any Capital Expenditure Expenditures if, after giving effect to such Capital ExpenditureExpenditures, the aggregate cost of all such Capital Expenditures would exceed (i) $1,500,000 2,100,000 during the twelve month period fiscal quarter ending June 30December 31, 20042006, (ii) $1,800,000 1,500,000 during the twelve month period fiscal quarter ending June 30March 31, 2005 2007 or (iii) $2,300,000 2,750,000 during the twelve month period six (6) months ending June 30, 2006 and the twelve month period ending each June 30 thereafter2007.

Appears in 1 contract

Samples: Loan and Security Agreement (Cobra Electronics Corp)

Capital Expenditure Limitations. Borrower and its their Subsidiaries shall not make any Capital Expenditure Expenditures, other than Capital Expenditures made in connection with a Permitted Acquisition or the Target Acquisition, if, after giving effect to such Capital ExpenditureExpenditures, the aggregate cost of all Capital Expenditures would exceed (i) Seven Million Five Hundred Thousand Dollars ($1,500,000 7,500,000) during the twelve month period Fiscal Years ending June 30on or about December 31, 20042009 and December 31, 2010 and (ii) Ten Million Dollars ($1,800,000 10,00,000) during the twelve month period ending June 30, 2005 or (iii) $2,300,000 during the twelve month period ending June 30, 2006 and the twelve month period ending each June 30 any Fiscal Year thereafter.

Appears in 1 contract

Samples: Loan Agreement (Omni Energy Services Corp)

Capital Expenditure Limitations. Commencing November 1, 2005, Borrower and its Subsidiaries shall not make any Capital Expenditure Expenditures if, after giving effect to such Capital Expenditure, the aggregate cost of all Capital Expenditures would exceed (i) $1,500,000 75,000.00 during the twelve month period ending June 30, 2004, (ii) $1,800,000 during the twelve month period ending June 30, 2005 or (iii) $2,300,000 during the twelve month period ending June 30, 2006 and the twelve month period ending each June 30 thereafter.any Fiscal Year. Ver 9

Appears in 1 contract

Samples: Loan and Security Agreement (Obsidian Enterprises Inc)

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Capital Expenditure Limitations. Borrower and its Subsidiaries shall not make any Capital Expenditure if, after giving effect to such Capital Expenditure, the aggregate cost of all Capital Expenditures would exceed (i) $1,500,000 during the twelve month period ending June 30, 2004, (ii) $1,800,000 during the twelve month period ending June 30, 2005 or (iii) $2,300,000 during the twelve month period ending June 30, 2006 and the twelve month period ending each June 30 fiscal year thereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (Easy Gardener Products LTD)

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