Common use of Limitation on Capital Expenditures Clause in Contracts

Limitation on Capital Expenditures. Make or commit to make any Capital Expenditure, except (a) Consolidated Maintenance Capital Expenditures of the Borrower and its Restricted Subsidiaries in the ordinary course of business, (b) Capital Expenditures made with the proceeds of any Reinvestment Deferred Amount and (c) Consolidated Growth Capital Expenditures to the extent permitted by Section 7.8(h).

Appears in 2 contracts

Samples: Credit Agreement (Extendicare Health Services Inc), Credit Agreement (Extendicare Health Services Inc)

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Limitation on Capital Expenditures. Make or commit to make any Capital Expenditure, except (a) Consolidated Maintenance Capital Expenditures of the Borrower and its Restricted Subsidiaries in the ordinary course of businessbusiness not exceeding in any fiscal year the lesser of (i) $14,000,000 and (ii) 2.00% of the amount of net sales of the Borrower and its Restricted Subsidiaries for such fiscal year, determined in accordance with GAAP and (b) Capital Expenditures made with the proceeds of any Reinvestment Deferred Amount and (c) Consolidated Growth Capital Expenditures to the extent permitted by Section 7.8(h)Amount.

Appears in 2 contracts

Samples: Credit Agreement (Salton Maxim Housewares Inc), Credit Agreement (Salton Inc)

Limitation on Capital Expenditures. Make or commit to make any Capital Expenditure, except (a) Consolidated Maintenance Capital Expenditures of the Borrower and its Restricted Subsidiaries in the ordinary course of businessbusiness during each of the fiscal years set forth below not exceeding the amount set forth below opposite such fiscal year: December 31, (b) Capital Expenditures made with the proceeds of any Reinvestment Deferred Amount and (c) Consolidated Growth Capital Expenditures to the extent permitted by Section 7.8(h).2005 € 1,000,000 December 31, 2006 € 1,000,000 December 31, 2007 € 1,000,000

Appears in 1 contract

Samples: Term Loan Agreement (Radnor Holdings Corp)

Limitation on Capital Expenditures. Make or commit to make (by way of the acquisition of securities of a Person or otherwise) any Adjusted Capital ExpenditureExpenditures, except (a) Consolidated Maintenance Capital Expenditures of the Borrower and its Restricted Subsidiaries for expenditures in the ordinary course of businessbusiness not exceeding, (b) Capital Expenditures made with in the proceeds aggregate for the Borrower and its consolidated Subsidiaries, during any fiscal year of any Reinvestment Deferred Amount and (c) Consolidated Growth Capital Expenditures the Borrower an amount equal to the extent permitted by Section 7.8(h)$600,000.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Gencor Industries Inc)

Limitation on Capital Expenditures. Make or commit to make any Capital Expenditure, except (a) Consolidated Maintenance Capital Expenditures of the Borrower and its Restricted Subsidiaries in the ordinary course of businessbusiness not exceeding in any fiscal year an amount equal to 2.00% of the amount of net sales of the Borrower and its Restricted Subsidiaries for such fiscal year, determined in accordance with GAAP and (b) Capital Expenditures made with the proceeds of any Reinvestment Deferred Amount and (c) Consolidated Growth Capital Expenditures to the extent permitted by Section 7.8(h)Amount.

Appears in 1 contract

Samples: Credit Agreement (Salton Inc)

Limitation on Capital Expenditures. Make or commit to make any Capital Expenditure, except (a) Consolidated Maintenance Capital Expenditures of the Borrower Company and each of its Restricted Subsidiaries in the ordinary course of business, (b) Capital Expenditures made with business in an aggregate amount not to exceed $250,000 during each fiscal year of the proceeds of any Reinvestment Deferred Amount and (c) Consolidated Growth Capital Expenditures to the extent permitted by Section 7.8(h)Company.

Appears in 1 contract

Samples: Credit Agreement (MVC Capital, Inc.)

Limitation on Capital Expenditures. Make or commit to make any Capital Expenditure, except (a) Consolidated Maintenance Capital Expenditures of the Borrower and its Restricted Subsidiaries in the ordinary course of businessbusiness not exceeding in any fiscal year the lesser of (i) $8,000,000 and (ii) 2.00% of the amount of net sales of the Borrower and its Restricted Subsidiaries for such fiscal year, determined in accordance with GAAP and (b) Capital Expenditures made with the proceeds of any Reinvestment Deferred Amount and (c) Consolidated Growth Capital Expenditures to the extent permitted by Section 7.8(h)Amount.

Appears in 1 contract

Samples: Credit Agreement (Salton Maxim Housewares Inc)

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Limitation on Capital Expenditures. Make or commit to make (by way of the acquisition of securities of a Person or otherwise) any Capital Expenditure, except (a) Consolidated Maintenance Capital Expenditures of the Borrower and its Restricted Subsidiaries in the ordinary course of business, business not exceeding in any fiscal year (when added to the aggregate amount expended during such fiscal year for investments permitted by Section 7.8(h)(i)) $15,000,000 and (b) Capital Expenditures made with the proceeds of any Reinvestment Deferred Amount and (c) Consolidated Growth Capital Expenditures to the extent permitted by Section 7.8(h)Amount.

Appears in 1 contract

Samples: Credit Agreement (American Buildings Co /De/)

Limitation on Capital Expenditures. Make or commit to make any Capital Expenditure, except (a) Consolidated Maintenance Capital Expenditures of the Borrower and its Restricted the Borrower's Subsidiaries in the ordinary course of business, business not exceeding $300,000,000 for each fiscal year and (bii) Capital Expenditures made with pursuant to this clause (a) during any fiscal year shall be deemed made, first, in respect of amounts permitted for such fiscal year as provided above and second, in respect of amounts carried over from the proceeds of any Reinvestment Deferred Amount and prior fiscal year pursuant to subclause (ci) Consolidated Growth Capital Expenditures to the extent permitted by Section 7.8(h)above.

Appears in 1 contract

Samples: Credit Agreement (Williams Companies Inc)

Limitation on Capital Expenditures. Make or commit to make any Capital Expenditure, except (a) Consolidated Maintenance Capital Expenditures of the Borrower and its Restricted Subsidiaries in the ordinary course of business, (b) Capital Expenditures made with business not exceeding $250,000 in the proceeds of aggregate for all Restricted Subsidiaries in any Reinvestment Deferred Amount and (c) Consolidated Growth Capital Expenditures to the extent permitted by Section 7.8(h)fiscal year.

Appears in 1 contract

Samples: Credit Agreement (Inergy Holdings, L.P.)

Limitation on Capital Expenditures. Make or commit to make any Capital Expenditure, except (a) Consolidated Maintenance Capital Expenditures of the Borrower and its Restricted Subsidiaries in the ordinary course of businessbusiness not exceeding $10,000,000 per fiscal year; provided, that (bi) up to 50% of any such amount referred to above, if not so expended in the fiscal year for which it is permitted, may be carried over for expenditure in the next succeeding fiscal year; (ii) Capital Expenditures made with the proceeds during any fiscal year shall be deemed made, first, in respect of any Reinvestment Deferred Amount and (c) Consolidated Growth Capital Expenditures to the extent amounts permitted by Section 7.8(h).for such fiscal

Appears in 1 contract

Samples: Credit Agreement (Spanish Broadcasting System of Puerto Rico Inc /Pr/)

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