Common use of Capitalized Expenditures Clause in Contracts

Capitalized Expenditures. Make Capitalized Expenditures in excess of $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. 2) The following defined terms in Exhibit A to the Agreement are hereby amended and restated, as follows:

Capitalized Expenditures. Make Capitalized Expenditures in excess of (a) $55,000,000 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. 2) The following defined terms in Exhibit A to the Agreement are hereby amended and restated, as follows: