CHIQUITA FRESH LATIN AMERICAN GROUP Sample Clauses

CHIQUITA FRESH LATIN AMERICAN GROUP. (a) The Borrower shxxx xxx permit the aggregate amount of cash and Cash Equivalents owned or maintained by Persons which are members of the Chiquita Fresh Latin American Group to exceed $10,000,000 at any time, xxxxxxed that such members may own or maintain up to $20,000,000 of cash and Cash Equivalents from time to time for a period not to exceed two (2) Business Days. (b) The Borrower shall not permit Persons which are members of the Chiquita Fresh Latin American Group to make or commit to make Capital Xxxxxxxtures in an aggregate amount for all of the Persons which are members of the Chiquita Fresh Latin American Group in excess of (i) $25,000,000 durixx xxxxxl year 2002; (ii) $30,000,000 during fiscal year 2003; and (iii) $30,000,000 during fiscal year 2004; provided, however, that the proceeds of any property loss under any insurance policy applied to replace or rebuild any such affected property shall not be included in the calculation of Capital Expenditures for the purpose of determining compliance with this Section 8.5.
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