Common use of Capitalized Expenditures Clause in Contracts

Capitalized Expenditures. Make Capitalized Expenditures in excess of (a) $9,000,000 in the aggregate in Borrower’s 2018 fiscal year or (b) $39,000,000 in the aggregate in Borrower’s 2019 fiscal year. For subsequent reporting periods, Bank shall use the budget delivered pursuant to Section 6.2 to establish the Capitalized Expenditure limit for such year after reasonable consultation with Borrower, with such amounts being incorporated herein by an amendment, which Borrower hereby agrees to execute.

Capitalized Expenditures. Make Capitalized Expenditures in excess of (a) $9,000,000 in the aggregate in Borrower’s 2018 fiscal year or (b) $39,000,000 55,000,000 in the aggregate in Borrower’s 2019 fiscal year. For subsequent reporting periods, Bank shall use the budget delivered pursuant to Section 6.2 to establish the Capitalized Expenditure limit for such year after reasonable consultation with Borrower, with such amounts being incorporated herein by an amendment, which Borrower hereby agrees to execute.

Capitalized Expenditures. Make Capitalized Expenditures in excess of (a) $9,000,000 500,000 in the aggregate in during Borrower’s 2018 fiscal year or ending December 31, 2018, (b) $39,000,000 1,250,000 in the aggregate in during Borrower’s 2019 fiscal year ending December 31, 2019, or (c) $500,000 in any fiscal year of Borrower thereafter; provided that any unused amount of Capital Expenditures in any fiscal year up to $500,000 may be added to the limitations under this Section 7.8 and used by Borrower in the subsequent fiscal year. For subsequent reporting periods, Bank shall use the budget delivered pursuant to Section 6.2 to establish the Capitalized Expenditure limit for such year after reasonable consultation with Borrower, with such amounts being incorporated herein by an amendment, which Borrower hereby agrees to execute.