DEVICE CAPITAL EXPENDITURES Sample Clauses
The DEVICE CAPITAL EXPENDITURES clause defines how costs related to the purchase or upgrade of devices and equipment are managed within an agreement. It typically outlines which party is responsible for funding these capital investments, the approval process for such expenditures, and any limitations or thresholds that apply. For example, it may specify that the service provider must obtain written consent from the client before making significant device purchases. This clause ensures clarity and control over large financial commitments, helping to prevent disputes about spending and budget overruns related to device acquisition.
DEVICE CAPITAL EXPENDITURES. The Note Parties will not permit: (a) One-Way Device Capital Expenditures; and (b) Two-Way Device Capital Expenditures to be made or incurred for each of the quarters set forth below such that the cumulative amounts would not be in excess of the maximum cumulative amounts set forth below:
DEVICE CAPITAL EXPENDITURES. From and after the Trigger Date, the Note Parties will not permit: (a) One-Way Device Capital Expenditures; and (b) Two-Way Device Capital Expenditures to be made or incurred for each of the quarters set forth below such that the cumulative amounts would not be in excess of the maximum cumulative amounts set forth below:
DEVICE CAPITAL EXPENDITURES. The Borrower will not permit Capital Expenditures for one- and two-way paging devices, except such Capital Expenditures that do not in the aggregate exceed the amount set forth below opposite such Fiscal Quarter, and as of the last day of such Fiscal Quarter: ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇-▇▇▇▇ 10/01/02-12/31/02 $ 4,500,000 FQ1-2003 10/01/02-03/31/03 $ 9,700,000 FQ2-2003 10/01/02-06/30/03 $14,700,000 FQ3-2003 10/01/02-09/30/03 $19,600,000 FQ4-2003 01/01/03-12/31/03 $19,800,000 FQ1-2004 04/01/03-03/31/04 $17,700,000
DEVICE CAPITAL EXPENDITURES. The Note Parties will not permit: (a) One-Way Device Capital Expenditures; and (b) Two-Way Device Capital Expenditures to be made or incurred for each of the quarters set forth below such that the cumulative amounts would be in excess of the maximum cumulative amounts set forth below: Quarter Ending Maximum Cumulative One Way Capital Expenditures (dollars in millions) Maximum Cumulative Two Way Capital Expenditures (dollars in millions) June 30, 2002 14.3 18.2 September 30, 2002 24.7 36.9 December 31, 2002 34.8 58.6 March 31, 2003 46.6 82.2 June 30, 2003 58.4 105.8 September 30, 2003 70.3 130.0 December 31, 2003 82.2 154.2 March 31, 2004 91.6 176.8 June 30, 2004 101.0 199.3 September 30, 2004 109.8 221.6 December 31, 2004 118.6 243.8 March 31, 2005 126.5 265.9 June 30, 2005 134.4 288.0 September 30, 2005 141.9 310.1 December 31, 2005 149.5 332.2 Quarter Ending Maximum Cumulative One Way Capital Expenditures (dollars in millions) Maximum Cumulative Two Way Capital Expenditures (dollars in millions) March 31, 2006 156.2 353.6 June 30, 2006 162.9 374.8 September 30, 2006 169.4 395.5 December 31, 2006 175.7 415.7
DEVICE CAPITAL EXPENDITURES. The Parent and the Subsidiaries will not permit: (a) One-Way Capital Expenditures made in respect of the purchase or lease of paging devices; and (b) Two-Way Capital Expenditures made in respect of the purchase or lease of paging devices to be made or incurred for the period from [ , 2002] through the end of each of the quarters set forth below to be in excess of the maximum amount set forth below for such quarter:
DEVICE CAPITAL EXPENDITURES. The Note Parties will not permit: (a) One-Way Capital Expenditures made in respect of the purchase or lease of paging devices; and (b) Two-Way Capital Expenditures made in respect of the purchase or lease of paging devices to be made or incurred for the period from [ , 2002] through the end of each of the quarters set forth below to be in excess of the maximum amount set forth below for such quarter: =================================================================================================== Quarter Ending Maximum Cumulative One Way Maximum Cumulative Two Way Capital Expenditures Capital Expenditures --------------------------------------------------------------------------------------------------- [ ] , 2002 --------------------------------------------------------------------------------------------------- June, 30, 2002 --------------------------------------------------------------------------------------------------- September 30, 2002 --------------------------------------------------------------------------------------------------- December 31, 2002 --------------------------------------------------------------------------------------------------- March 31, 2003 --------------------------------------------------------------------------------------------------- June 30, 2003 --------------------------------------------------------------------------------------------------- September 30, 2003 --------------------------------------------------------------------------------------------------- December 31, 2003 --------------------------------------------------------------------------------------------------- March 31, 2004 --------------------------------------------------------------------------------------------------- June 30, 2004 --------------------------------------------------------------------------------------------------- September 30, 2004 --------------------------------------------------------------------------------------------------- December 31, 2004 --------------------------------------------------------------------------------------------------- March 31, 2005 --------------------------------------------------------------------------------------------------- June 30, 2005 --------------------------------------------------------------------------------------------------- September 30, 2005 --------------------------------------------------------------------------------------------------- December 31, 2005 ------------------------...