Cash Capital Expenditures Sample Clauses
The "Cash Capital Expenditures" clause defines the rules and limitations regarding the use of cash for capital investments by a party, typically within a business or financing agreement. It specifies what types of expenditures qualify as capital expenditures, sets thresholds or approval requirements for such spending, and may outline reporting or budgeting procedures. By clearly delineating how and when cash can be used for long-term asset purchases or improvements, this clause helps control financial risk and ensures that significant investments are made transparently and with proper oversight.
Cash Capital Expenditures. Make or become legally obligated to make any cash Capital Expenditure, except for cash Capital Expenditures in the ordinary course of business not exceeding, in the aggregate for Holdings and its Subsidiaries during each Fiscal Year, $15,000,000; provided, however, if as of the last day of any Fiscal Year, Holdings and its Subsidiaries have made cash Capital Expenditures in the period consisting of four (4) Fiscal Quarters then ended in an aggregate amount less than the applicable amount set forth above, then so long as no Event of Default has occurred an amount equal to the lesser of (a) fifty percent (50%) of the unused portion of such permitted cash Capital Expenditures for such Fiscal Year (excluding any unused amounts carried over from the Fiscal Year prior to such Fiscal Year) and (b) $7,500,000 may be carried over for expenditure in the immediately following Fiscal Year, and if any such amount is so carried over, will be deemed used in the applicable subsequent Fiscal Year before the amount of permitted cash Capital Expenditures for such following Fiscal Year set forth above.
Cash Capital Expenditures. A. Cash Capital Expenditures made during the Fiscal Year to date: $
B. Maximum permitted Cash Capital Expenditures: $15,000,000
C. Permitted Carry-Over for the Fiscal Year to date4: $
D. Excess (deficient) for covenant compliance (Lines III.B plus III.C minus III.A): $
Cash Capital Expenditures. CashCapital Expenditures made during the Fiscal Year to date: $
Cash Capital Expenditures. Make Cash Capital Expenditures in any Fiscal Year which, when added to all Cash Capital Expenditures made by Parent and its consolidated Subsidiaries during such Fiscal Year, exceed, in the aggregate, $130,000,000.
Cash Capital Expenditures. Make or commit to make any Cash Capital Expenditures except as provided in the Cash Flow Forecasts and reasonably acceptable to the Bank.
Cash Capital Expenditures expenditures made from cash or from ------------------------- proceeds of the Revolving Loan (but not from the proceeds of a term loan or purchase money financing) for the acquisition of any fixed assets or improvements, replacements, substitutions, or additions thereto which have a useful life of more than one year, including the direct or indirect acquisition of such assets by way of increased product or service charges, offset items, or otherwise.
Cash Capital Expenditures. The Borrower will not permit the aggregate amount of Cash Capital Expenditures made by the Borrower and the Subsidiaries in any Fiscal Year to exceed $110,000,000. The amount of permitted Cash Capital Expenditures in respect of any Fiscal Year shall be increased by the lesser of (a) the amount of unused Cash Capital Expenditures for the immediately preceding Fiscal Year (less an amount equal to any
Cash Capital Expenditures. The Borrower will not permit the aggregate amount of Cash Capital Expenditures made by the Borrower and the Subsidiaries in any Fiscal Year to exceed the lesser of $150,000,000 or an amount equal to the Borrower’s Consolidated EBITDA for the immediately preceding Fiscal Year. The amount of permitted Cash Capital Expenditures in respect of any Fiscal Year shall be increased by the lesser of (a) the amount of unused Cash Capital Expenditures for the immediately preceding Fiscal Year (less an amount equal to any unused Cash Capital Expenditures carried forward to such preceding Fiscal Year) and (b) $20,000,000; provided that in no event shall the amount of permitted Cash Capital Expenditures exceed $150,000,000 in any Fiscal Year.
i. The provisions of SECTION 6.17 are hereby deleted in their entirety and the following substituted in their stead:
Cash Capital Expenditures. (a) None of the Borrowers or any of their Subsidiaries shall make any Cash Capital Expenditure if (i) an Event or Event of Default has occurred and is continuing or (ii) an Event or Event of Default would occur after giving effect to such Cash Capital Expenditure or (iii) if, as a result of such Cash Capital Expenditure, Cash Capital Expenditures by the Borrowers and their Subsidiaries in any Coverage Period would exceed the amounts, if any, set forth in the following table for such Coverage Period (or such lesser period as may be indicated) as the same may be increased or decreased in accordance with subsection (b) of this Section 10.17: ----------------------------------------------------------------------------- Cash Capital Fiscal Quarter(s) Fiscal Year Expenditures ----------------------------------------------------------------------------- Third Fiscal Quarter 1997 $19,000,000 ----------------------------------------------------------------------------- Two Fiscal Quarters 1997 $34,000,000 ending with Fourth Fiscal Quarter ----------------------------------------------------------------------------- Three Fiscal 1998 $49,000,000 Quarters ending with First Fiscal Quarter ----------------------------------------------------------------------------- Coverage Period 1998 $57,000,000 ending with Second Fiscal Quarter ----------------------------------------------------------------------------- Coverage Period 1998 $47,000,000 ending with Third Fiscal Quarter ----------------------------------------------------------------------------- Coverage Period 1998 $42,000,000 ending with Fourth Fiscal Quarter ----------------------------------------------------------------------------- Coverage Period 1999 $45,000,000 ending with First Fiscal Quarter ----------------------------------------------------------------------------- Coverage Period 1999 $45,000,000 ending with Second Fiscal Quarter ----------------------------------------------------------------------------- Coverage Period 1999 $45,000,000 ending with Third Fiscal Quarter ----------------------------------------------------------------------------- Coverage Period 1999 $45,000,000 ending with Fourth Fiscal Quarter ----------------------------------------------------------------------------- Coverage Period 2000 $50,000,000 ending with First Fiscal Quarter ----------------------------------------------------------------------------- ----------------------------------------------------------------------...
Cash Capital Expenditures. Make or commit to make any Cash ------------------------- Capital Expenditures in any fiscal year exceeding a total of $1,000,000, excluding any Cash Capital Expenditures made with respect to construction on the Stockton, California Real Estate.