Capital Expense Clause Samples

Capital Expense. Without prior Bank approval, not make any fixed capital expenditure or any commitment therefor, including, but not limited to, incurring liability for leases which would be, in accordance with generally accepted accounting principles, reported as capital leases, or purchase any real or personal property in an aggregate amount exceeding $5,000,000 in any one fiscal year".

Capital Expense. Upon completion of the technical assistant training/program, each participant will be awarded a total of $1,500 as business grant fund to cover expenses such as: • Rent payment • Reimbursement for COVID-19 related expense • Vendor payments • Inventory Reporting: LIBA will provide the City with a detailed report including the names, contact information, date of training for businesses that participate in the trainings. For payment of business ▇▇▇▇▇, ▇▇▇▇ will also provide a copy of the check issued to the business. ▇▇▇▇ will also conduct a short survey asking participants about their experience in the training and what additional needs they may have. LIBA will conduct a follow-up meeting or have a follow-up conversation with program participants 6 months after the training to determine which additional resources or trainings might be needed. The City will develop the exit survey in collaboration with LIBA to give to class participants after the first training. The City will also do post-training follow-up with 5-7 participants to inquire about their experience in the trainings and what additional resources they might need.

Capital Expense. Capital projects or procurement of equipment are coordinated through Facilities or Office of Information Technology for computer hardware and software. Capital Expenditures are monitored by the Business Office since these are part of the approved budget. Equipment purchases valued at $2,500 and above are re-classified as fixed assets prior to the end of the Fiscal Year and subject to inventory on a periodic basis. On a quarterly basis, capital outlay expenditures will be reviewed by the Chief Information Officer (CIO), Facilities Director and CFO.

Capital Expense. Not make any fixed capital expenditure or any commitment therefor, including, but not limited to, incurring liability for leases which would be, in accordance with generally accepted accounting principles, reported as capital leases, or purchase any real or personal property in an amount greater than $3,500,000 in any one fiscal year, except for the purchase of real property to be occupied by Borrowers.