Capital Expenditures Limitation. Beginning on the Effective Date and continuing through the Forbearance Termination Date, the Borrower shall not make any payment with respect to capital expenditures relating to the Site, or enter into any binding agreement that would obligate any Borrower to make any such payment.
Capital Expenditures Limitation. 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.
Capital Expenditures Limitation. Until the Financial Covenants Benchmark is satisfied, the Borrower shall not make any payment with respect to capital expenditures relating to the Site, or enter into any binding agreement that would obligate Borrower to make any such payment; provided that Borrower may make capital expenditures relating to the Site (i) to the extent necessary to remediate a present danger to the health or safety of the employees and guests at the Site, or (ii) to the extent required expressly by the Franchisor, so long as the costs of such capital expenditures are funded solely with equity contributions made to the Borrower and not from cash from the Borrower’s balance sheet.
Capital Expenditures Limitation. Make or agree to make Capital Expenditures in excess of (i) during the Company's fiscal year commencing on October 1, 1997, $18,000,000.00 and (ii) during each fiscal year thereafter, an amount equal to ten percent (10%) of the Company's Net Worth; provided that (i) expenditures for remodeling and refurbishment of and additions to its existing corporate headquarters situated at 0000 Xxxxxx Xxxxxx, Dallas, Texas (to the extent such expenditures in the aggregate do not exceed the sum of (A) $2,721,000 and (B) the net cash amount realized by the Company from any sale of the "G.M." and "Cedar Springs" buildings situated, respectively, at 0000 Xxxxxx Xxxxxx and 0000 Xxxxx Xxxxxxx, Xxxxxx, Xxxxx) and (ii) expenditures for the repair or replacement of property with insurance proceeds (to the extent such expenditures do not exceed the net cash amount of such insurance proceeds) shall not be included in Capital Expenditures for purposes of the foregoing calculation.
Capital Expenditures Limitation. Expenditures for fixed assets in any fiscal year shall not exceed in the aggregate for all Fountain Corporations the sum of $500,000 without the prior written consent of the Required Lenders.
Capital Expenditures Limitation. Not permit Capital Expenditures for the three (3) month period ending December 31, 1996 to be greater than Four Million Eight Hundred Thousand Dollars ($4,800,000), and not permit Capital Expenditures in any Fiscal Year set forth below to be greater than the amount set forth opposite such Fiscal Year: Fiscal Year Amount ----------- ------ 1997 $9,000,000 1998 $5,000,000 1999 and each Fiscal Year thereafter $4,500,000
Capital Expenditures Limitation. The following SECTION 7.15 is hereby added to the Credit Agreement:
Capital Expenditures Limitation. Make or agree to make Capital Expenditures during any fiscal year in excess of an amount equal to ten percent (10%) of the Company Group’s Net Worth; provided that neither the expenditures for (a) the repair or replacement of property with insurance proceeds (to the extent such expenditures do not exceed the net cash amount of such insurance proceeds) nor (b) the purchase of the Company’s new headquarters located at 11511 Xxxx Road in an amount equal to the aggregate amount of proceeds received from the sale of the Company’s current headquarters located at 0000 Xxxxxx Xxxxxx, shall be included in Capital Expenditures for purposes of the foregoing calculation.
Capital Expenditures Limitation. The Company shall not make Capital Expenditures in any fiscal year of the Company which in the aggregate exceed the amount of depreciation expense of the Company for the immediately preceding fiscal year of the Company, excluding (i) the amount of Capital Expenditures incurred by the Company in connection with the acquisition and construction of the 1997 Project, not to exceed in the aggregate $1,500,000, and (ii) the amount of Capital Expenditures incurred by the Company for leasehold improvements to a showroom to be leased in High Point, North Carolina, not to exceed in the aggregate $250,000.
Capital Expenditures Limitation. Expenditures for fixed assets in any fiscal year shall not exceed in the aggregate the sum of $______________________ without the prior written consent of the Bank. 4.08 Other. Such other financial covenants listed on Schedule "_______" hereto.
