Common use of Consolidated Capital Expenditures Clause in Contracts

Consolidated Capital Expenditures. The Borrower shall not permit the --------------------------------- aggregate amount of Maintenance Capital Expenditures, Improvement Capital Expenditures and New Site Capital Expenditures for itself and its Subsidiaries during the periods set forth below to be greater than the amounts opposite such periods: ============================================================================ PERIOD AMOUNT AMOUNT AMOUNT ------ ------ ------ ------ ============================================================================ Maintenance Improvement New Site ---------------------------------------------------------------------------- Closing Date $4,300,000 $5,200,000 $ 8,700,000 through Fiscal Year end 1997 ---------------------------------------------------------------------------- Fiscal year 1998 $4,300,000 $3,600,000 $25,600,000 ---------------------------------------------------------------------------- Fiscal year 1999 $4,300,000 $1,300,000 $11,600,000 ---------------------------------------------------------------------------- Fiscal year 2000 $4,300,000 $0 $3,900,000 ---------------------------------------------------------------------------- Fiscal year 2001 $4,300,000 $0 $1,300,000 ---------------------------------------------------------------------------- Fiscal Years Thereafter $4,300,000 $0 $1,300,000 ---------------------------------------------------------------------------- Capital Expenditures not spent in a given year may be carried over and added to the applicable basket only for the immediately following year (after first utilizing the amount of Capital Expenditures permitted for such fiscal year), each such carry over not to exceed one year. The unused portion of Maintenance Capital Expenditures for any fiscal year may be added to the aggregate amount of permitted Improvement Capital Expenditures or New Site Capital Expenditures for the same year, but not for any subsequent year. In addition, in the event the Borrower or any Subsidiary disposes of any assets in accordance with (S)12.5.2 hereof, the amount of the cash proceeds received by the Borrower or such Subsidiary from such disposition shall increase the amount of the permitted Capital Expenditures as set forth in (S)12.5.2 for the twelve month period immediately following the date in which such disposition occurred, and shall be deemed to be the first portion of such Capital Expenditures utilized for such period.

Consolidated Capital Expenditures. The Borrower Borrowers shall not, and shall not permit the --------------------------------- aggregate amount of Maintenance their Restricted Subsidiaries to, make or incur Consolidated Capital Expenditures, Improvement Capital Expenditures and New Site Capital Expenditures for itself and its Subsidiaries during in any period indicated below, in an aggregate amount in excess of the periods corresponding amount (the "MAXIMUM CONSOLIDATED CAPITAL EXPENDITURES AMOUNT") set forth below to be greater than the amounts opposite such periodsperiod; PROVIDED that any such amount referred to below, if not expended in the period in which it is permitted, may be carried over for expenditure in (but only in) the next succeeding such period; PROVIDED FURTHER that the Maximum Consolidated Capital Expenditures Amount for any period beginning January 1, 2005 or later and consisting of fewer than a full Fiscal Year shall be pro rated for the number of days in such period: ================================================================ FOUR FISCAL QUARTER MAXIMUM PERIOD CONSOLIDATED CAPITAL EXPENDITURES AMOUNT ================================================================ PERIOD AMOUNT AMOUNT AMOUNT ------ ------ ------ ------ The Fiscal Year beginning January 1, 2005 $80,000,000 and ending December 31, 2005 ---------------------------------------------------------------- Each subsequent Fiscal Year (or portion $50,000,000 thereof) through the Final Completion Date ---------------------------------------------------------------- The period beginning on the day following the $60,000,000 Final Completion Date and ending on December 31 of that calendar year, and each subsequent Fiscal Year (or, in the case of the Fiscal Year in which the Maturity Date occurs, portion thereof) through the Maturity Date ============================================================================ Maintenance Improvement New Site ---------------------------------------------------------------------------- Closing Date $4,300,000 $5,200,000 $ 8,700,000 through Fiscal Year end 1997 ---------------------------------------------------------------------------- Fiscal year 1998 $4,300,000 $3,600,000 $25,600,000 ---------------------------------------------------------------------------- Fiscal year 1999 $4,300,000 $1,300,000 $11,600,000 ---------------------------------------------------------------------------- Fiscal year 2000 $4,300,000 $0 $3,900,000 ---------------------------------------------------------------------------- Fiscal year 2001 $4,300,000 $0 $1,300,000 ---------------------------------------------------------------------------- Fiscal Years Thereafter $4,300,000 $0 $1,300,000 ---------------------------------------------------------------------------- Capital Expenditures not spent in a given year may be carried over and added to the applicable basket only for the immediately following year (after first utilizing the amount of Capital Expenditures permitted for such fiscal year), each such carry over not to exceed one year. The unused portion of Maintenance Capital Expenditures for any fiscal year may be added to the aggregate amount of permitted Improvement Capital Expenditures or New Site Capital Expenditures for the same year, but not for any subsequent year. In addition, in the event the Borrower or any Subsidiary disposes of any assets in accordance with (S)12.5.2 hereof, the amount of the cash proceeds received by the Borrower or such Subsidiary from such disposition shall increase the amount of the permitted Capital Expenditures as set forth in (S)12.5.2 for the twelve month period immediately following the date in which such disposition occurred, and shall be deemed to be the first portion of such Capital Expenditures utilized for such period.

Consolidated Capital Expenditures. The Borrower Company shall not, and shall not permit the --------------------------------- its Subsidiaries to, make or incur Consolidated Capital Expenditures in any Fiscal Year (or specified portion thereof) in an aggregate amount in excess of Maintenance Capital Expenditures, Improvement the corresponding amount (the "Maximum Consolidated Capital Expenditures Amount") set forth below opposite such Fiscal Year (or such portion thereof) as indicated below; provided, that the Maximum Consolidated Capital Expenditures Amount for any Fiscal Year shall be increased by an amount equal to 50% of the excess, if any, of (i) the Maximum Consolidated Capital Expenditures Amount (excluding, and New Site without giving effect to, any increases thereto from any prior carry over of amounts pursuant to this subsection) for the previous Fiscal Year (or specified portion thereof) over (ii) the actual amount of Consolidated Capital Expenditures for itself such previous Fiscal Year (or specified portion thereof): ----------------------------------------------------------- Fiscal Year Maximum Consolidated (or Portion Thereof) Capital Expenditures Amount ----------------------------------------------------------- 1998 $15,000,000 ----------------------------------------------------------- 1999 $13,000,000 ----------------------------------------------------------- 2000 $7,000,000 ----------------------------------------------------------- ----------------------------------------------------------- 113 ----------------------------------------------------------- 2001 and thereafter $6,000,000 ----------------------------------------------------------- In addition to the foregoing amounts, the Company and its Subsidiaries during the periods set forth below to be greater than the amounts opposite such periods: ============================================================================ PERIOD AMOUNT AMOUNT AMOUNT ------ ------ ------ ------ ============================================================================ Maintenance Improvement New Site ---------------------------------------------------------------------------- Closing Date $4,300,000 $5,200,000 $ 8,700,000 through Fiscal Year end 1997 ---------------------------------------------------------------------------- Fiscal year 1998 $4,300,000 $3,600,000 $25,600,000 ---------------------------------------------------------------------------- Fiscal year 1999 $4,300,000 $1,300,000 $11,600,000 ---------------------------------------------------------------------------- Fiscal year 2000 $4,300,000 $0 $3,900,000 ---------------------------------------------------------------------------- Fiscal year 2001 $4,300,000 $0 $1,300,000 ---------------------------------------------------------------------------- Fiscal Years Thereafter $4,300,000 $0 $1,300,000 ---------------------------------------------------------------------------- may make or incur Consolidated Capital Expenditures not spent in a given year may be carried over and added to connection with (i) the applicable basket only State Contract for the immediately following year (after first utilizing the Northern Kentucky Emissions Testing Program, BP010138, awarded in June 1998, in an aggregate amount of Capital Expenditures permitted for such fiscal year), each such carry over not to exceed one year$5,700,000 (including, without limitation, all amounts incurred or expended prior to the Closing Date), which amounts shall not be subject to the foregoing proviso, and (ii) the build-out of Permitted Testing Center Assets, commencing in Fiscal Year 1999, in an aggregate amount not to exceed the sum of (x) $25,000,000 plus (y) if, and so long as the Leverage Ratio is less than 3.0:1.0 after giving effect thereto, $10,000,000, of which sum not more than $15,000,000 may be made or incurred in any Fiscal Year, and which amounts shall not be subject to the foregoing proviso. The unused portion of Maintenance Notwithstanding anything to the contrary contained herein, the Company and its Domestic Subsidiaries shall not make or incur Consolidated Capital Expenditures for any fiscal year may be added to the aggregate amount of permitted Improvement Capital Expenditures in property, plant or New Site Capital Expenditures for the same year, but equipment which is not for any subsequent year. In addition, located in the event the Borrower or any Subsidiary disposes United States of any assets in accordance with (S)12.5.2 hereof, the amount of the cash proceeds received by the Borrower or such Subsidiary from such disposition shall increase the amount of the permitted Capital Expenditures as set forth in (S)12.5.2 for the twelve month period immediately following the date in which such disposition occurred, and shall be deemed to be the first portion of such Capital Expenditures utilized for such periodAmerica.

Consolidated Capital Expenditures. The Borrower Company shall not, and shall not permit the --------------------------------- aggregate amount of Maintenance its Subsidiaries to, make or incur Consolidated Capital Expenditures, Improvement Capital Expenditures and New Site Capital Expenditures for itself and its Subsidiaries during the periods in any Fiscal Year ending on a date set forth below (or any four quarter period ending on any date set forth below on or prior to be greater than December 31, 1998), in an aggregate amount in excess of the amounts corresponding amount (the "MAXIMUM CONSOLIDATED CAPITAL EXPENDITURES AMOUNT") set forth below opposite such periods: ==============================================date; provided that the Maximum Consolidated Capital Expenditures Amount for any Fiscal Year, commencing with Fiscal Year 1999, shall be increased by an amount equal to the excess, if any, (but in no event more than 50% of the Maximum Consolidated Capital Expenditures Amount for the previous Fiscal Year (or, in the case of Fiscal Year 1999, for the four Fiscal Quarter period ending as of December 31, 1998) of the Maximum Consolidated Capital Expenditures Amount (as adjusted in accordance with this proviso) over the actual amount of Consolidated Capital Expenditure for the previous Fiscal Year (or, in the case of Fiscal Year 1999, for the four Fiscal Quarter period ending as of December 31, 1998): ============================== PERIOD AMOUNT AMOUNT AMOUNT ------ ------ ------ ------ =============================================== PERIOD MAXIMUM CONSOLIDATED CAPITAL ENDING EXPENDITURES ------------------------------ ----------------------------- September 30, 1998 $8,000,000 ------------------------------ ----------------------------- December 31, 1998 9,000,000 ------------------------------ ----------------------------- December 31, 1999 14,000,000 ------------------------------ ----------------------------- December 31, 2000 15,000,000 ------------------------------ ----------------------------- December 31, 2001 15,000,000 ------------------------------ ----------------------------- December 31, 2002 15,000,000 ============================== Maintenance Improvement New Site ---------------------------------------------------------------------------- Closing Date $4,300,000 $5,200,000 $ 8,700,000 through Fiscal Year end 1997 ---------------------------------------------------------------------------- Fiscal year 1998 $4,300,000 $3,600,000 $25,600,000 ---------------------------------------------------------------------------- Fiscal year 1999 $4,300,000 $1,300,000 $11,600,000 ---------------------------------------------------------------------------- Fiscal year 2000 $4,300,000 $0 $3,900,000 ---------------------------------------------------------------------------- Fiscal year 2001 $4,300,000 $0 $1,300,000 ---------------------------------------------------------------------------- Fiscal Years Thereafter $4,300,000 $0 $1,300,000 ---------------------------------------------------------------------------- ============================= Notwithstanding the foregoing, the Company and its Subsidiaries may fund Consolidated Capital Expenditures not spent in excess of the foregoing limits from any proceeds of an additional issuance of Company common stock in a given year may be carried over and added to private issuance after the applicable basket only for the immediately following year (after first utilizing the amount of Capital Expenditures permitted for such fiscal year), each such carry over not to exceed one year. The unused portion of Maintenance Capital Expenditures for any fiscal year may be added to the aggregate amount of permitted Improvement Capital Expenditures or New Site Capital Expenditures for the same year, but not for any subsequent year. In addition, in the event the Borrower or any Subsidiary disposes of any assets in accordance with (S)12.5.2 hereof, the amount of the cash proceeds received by the Borrower or such Subsidiary from such disposition shall increase the amount of the permitted Capital Expenditures as set forth in (S)12.5.2 for the twelve month period immediately following the date in which such disposition occurred, and shall be deemed to be the first portion of such Capital Expenditures utilized for such periodRestatement Effective Date.

Consolidated Capital Expenditures. The Borrower Company shall not, and shall not permit the --------------------------------- aggregate amount of Maintenance its Subsidiaries to, make or incur Consolidated Capital Expenditures, Improvement Capital Expenditures and New Site Capital Expenditures for itself and its Subsidiaries during the periods in any Fiscal Year ending on a date set forth below (or any four quarter period ending on any date set forth below on or prior to be greater than December 31, 1998), in an aggregate amount in excess of the amounts corresponding amount (the "Maximum Consolidated Capital Expenditures Amount") set forth below opposite such periods: ==============================date; provided that the Maximum Consolidated Capital Expenditures Amount for any Fiscal Year, commencing with Fiscal Year 1999, shall be increased by an amount equal to the excess, if any, (but in no event more than 50% of the Maximum Consolidated Capital Expenditures Amount for the previous Fiscal Year (or, in the case of Fiscal Year 1999, for the four Fiscal Quarter period ending as of December 31, 1998) of the Maximum Consolidated Capital Expenditures Amount (as adjusted in accordance with this proviso) over the actual amount of Consolidated Capital Expenditure for the previous Fiscal Year (or, in the case of Fiscal Year 1999, for the four Fiscal Quarter period ending as of December 31, 1998): ============================================== PERIOD AMOUNT AMOUNT AMOUNT ------ ------ ------ ------ ==============================Period Maximum Ending Consolidated Capital Expenditures ============================================== Maintenance Improvement New Site ---------------------------------------------------------------------------- Closing Date $4,300,000 $5,200,000 $ 8,700,000 through Fiscal Year end 1997 ---------------------------------------------------------------------------- Fiscal year March 31, 1998 $4,300,000 $3,600,000 $25,600,000 ---------------------------------------------------------------------------- Fiscal year 7,500,000 ---------------------------------------------- June 30, 1998 8,250,000 ---------------------------------------------- September 30, 1998 7,250,000 ---------------------------------------------- December 31, 1998 7,000,000 ---------------------------------------------- December 31, 1999 $4,300,000 $1,300,000 $11,600,000 ---------------------------------------------------------------------------- Fiscal year 10,000,000 ---------------------------------------------- December 31, 2000 $4,300,000 $0 $3,900,000 ---------------------------------------------------------------------------- Fiscal year 10,500,000 ---------------------------------------------- December 31, 2001 $4,300,000 $0 $1,300,000 ---------------------------------------------------------------------------- Fiscal Years Thereafter $4,300,000 $0 $1,300,000 ---------------------------------------------------------------------------- 10,500,000 ---------------------------------------------- December 31, 2002 11,000,000 ============================================== Notwithstanding the foregoing, the Company and its Subsidiaries may fund Consolidated Capital Expenditures not spent in excess of the foregoing limits from any proceeds of an additional issuance of Company common stock in a given year may be carried over private issuance after the Closing Date. REVOLVING LOAN CREDIT AGREEMENT EXECUTION 126 134 7.9 Sales and added to the applicable basket only for the immediately following year (after first utilizing the amount of Capital Expenditures permitted for such fiscal year), each such carry over not to exceed one yearLease-Backs. The unused portion of Maintenance Capital Expenditures for any fiscal year may be added to the aggregate amount of permitted Improvement Capital Expenditures or New Site Capital Expenditures for the same year, but not for any subsequent year. In addition, in the event the Borrower or any Subsidiary disposes of any assets in accordance with (S)12.5.2 hereof, the amount of the cash proceeds received by the Borrower or such Subsidiary from such disposition Company shall increase the amount of the permitted Capital Expenditures as set forth in (S)12.5.2 for the twelve month period immediately following the date in which such disposition occurrednot, and shall be deemed not permit any of its Subsidiaries to, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease, whether an Operating Lease or a Capital Lease, of any property (whether real, personal or mixed), whether now owned or hereafter acquired, (i) which Company or any of its Subsidiaries has sold or transferred or is to sell or transfer to any other Person (other than Company or any of its Subsidiaries) or (ii) which Company or any of its Subsidiaries intends to use for substantially the same purpose as any other property which has been or is to be the first portion sold or transferred by Company or any of its Subsidiaries to any Person (other than Company or any of its Subsidiaries) in connection with such Capital Expenditures utilized for such periodlease.

Consolidated Capital Expenditures. The Borrower BCC shall not, and shall not permit the --------------------------------- aggregate amount of Maintenance its Subsidiaries to, make or incur Consolidated Capital Expenditures, Improvement in any period indicated below, in an aggregate amount in excess of the corresponding amount (the "MAXIMUM CONSOLIDATED CAPITAL EXPENDITURES AMOUNT") set forth below opposite such period; provided that the Maximum Consolidated Capital Expenditures and New Site Amount for any such period shall be increased by an amount equal to (i) the excess, if any, of the Maximum Consolidated Capital Expenditures Amount for the previous period over the actual amount of Consolidated Capital Expenditures for itself such previous period and/or, (ii) at Company's option, a portion of the amount of Maximum Consolidated Capital Expenditures Amount for the immediately succeeding period (which, to the extent of such increase shall reduce the amount of the Maximum Consolidated Capital Expenditure Amount for such succeeding period); provided that in no event shall (a) the amount of any increase to the Maximum Consolidated Capital Expenditures Amount pursuant to the foregoing clause (i) in any period exceed 50% of the Maximum Consolidated Capital Expenditures Amount for the previous period and its Subsidiaries during (b) the periods set forth below amount of any increase to be greater than the amounts opposite such periods: Maximum Consolidated Capital Expenditures Amount pursuant to the foregoing clause (ii) in any period exceed 50% of the Maximum Consolidated Capital Expenditures Amount for the immediately succeeding period. ================================================================================== PERIOD AMOUNT AMOUNT AMOUNT ------ ------ ------ ------ FISCAL YEAR (OR OTHER MAXIMUM CONSOLIDATED SPECIFIED PERIOD) CAPITAL EXPENDITURES ================================================================================== Maintenance Improvement New Site ---------------------------------------------------------------------------- Closing Date $4,300,000 $5,200,000 $ 8,700,000 through Fiscal Year end 1997 ---------------------------------------------------------------------------- Fiscal year ---------------------------------------------------------------------------------- 1998 $4,300,000 $3,600,000 $25,600,000 ---------------------------------------------------------------------------- Fiscal year 9,000,000 ---------------------------------------------------------------------------------- 1999 $4,300,000 $1,300,000 $11,600,000 ---------------------------------------------------------------------------- Fiscal year 9,000,000 ---------------------------------------------------------------------------------- 2000 $4,300,000 $0 $3,900,000 ---------------------------------------------------------------------------- Fiscal year 9,000,000 ---------------------------------------------------------------------------------- 2001 $4,300,000 10,000,000 ---------------------------------------------------------------------------------- 2002 $0 11,500,000 ---------------------------------------------------------------------------------- 2003 and each year thereafter $1,300,000 ---------------------------------------------------------------------------- Fiscal Years Thereafter $4,300,000 $0 $1,300,000 ---------------------------------------------------------------------------- Capital Expenditures not spent in a given year may be carried over and added to the applicable basket only for the immediately following year (after first utilizing the amount of Capital Expenditures permitted for such fiscal year), each such carry over not to exceed one year. The unused portion of Maintenance Capital Expenditures for any fiscal year may be added to the aggregate amount of permitted Improvement Capital Expenditures or New Site Capital Expenditures for the same year, but not for any subsequent year. In addition, in the event the Borrower or any Subsidiary disposes of any assets in accordance with (S)12.5.2 hereof, the amount of the cash proceeds received by the Borrower or such Subsidiary from such disposition shall increase the amount of the permitted Capital Expenditures as set forth in (S)12.5.2 for the twelve month period immediately following the date in which such disposition occurred, and shall be deemed to be the first portion of such Capital Expenditures utilized for such period.8,500,000 ================================================================================== 105