Common use of Limitations on Capital Expenditures Clause in Contracts

Limitations on Capital Expenditures. Without the prior written consent of the Bank, the Borrower and its Subsidiaries shall not make capital expenditures of more than the following aggregate amounts in each of its fiscal years, provided that the Borrower may expend an amount equal to the unspent portion of monies from the immediately preceding fiscal year in the immediately succeeding fiscal year: $8,000,000 for fiscal year 2002; $16,000,000 for fiscal year 2003; $20,000,000 for fiscal year 2004; and $12,000,000 for each fiscal year thereafter.

Limitations on Capital Expenditures. Without the prior written consent of the Bank, the Borrower and its Subsidiaries shall not make capital expenditures of more than the following aggregate amounts in each of its fiscal years, provided that the Borrower may expend an amount equal to the unspent portion of monies from the immediately preceding fiscal year in the immediately succeeding fiscal year: $8,000,000 for fiscal year 2002; $16,000,000 23,000,000 for fiscal year 2003; $20,000,000 for fiscal year 2004; and $12,000,000 for each fiscal year thereafter.

Limitations on Capital Expenditures. Without the prior written consent of the Bank, the Borrower and its Subsidiaries shall not make capital expenditures of more than the following aggregate amounts in each of its fiscal years, provided that the Borrower may expend an amount equal to the unspent portion of monies from the immediately preceding fiscal year in the immediately succeeding fiscal year: $8,000,000 for fiscal year 2002; $16,000,000 for fiscal year 2003; $20,000,000 for fiscal year 2004; and $12,000,000 for each fiscal year thereafter.

Limitations on Capital Expenditures. Without The Borrower and its Subsidiaries, on a consolidated basis, shall not, without first obtaining the prior written consent of a Majority of Lenders, make Capital Expenditures in any fiscal year, in an aggregate amount greater than Seven Hundred Thousand and 00/100 Dollars ($700,000.00). To the Bankextent all or any portion of such amount is not used in any given fiscal year, Fifty Percent (50%) of such amount may be carried forward to the Borrower immediately following fiscal year and its Subsidiaries shall not make used for capital expenditures of more than the during such immediately following aggregate amounts in each of its fiscal years, provided that the Borrower may expend an amount equal to the unspent portion of monies from the immediately preceding fiscal year in the immediately succeeding fiscal year: $8,000,000 for fiscal year 2002; $16,000,000 for fiscal year 2003; $20,000,000 for fiscal year 2004; and $12,000,000 for each fiscal year thereafter.

Limitations on Capital Expenditures. Without the prior written consent permission of the Bank, the Borrower and its Subsidiaries shall not make capital expenditures of more than $3,000,000, in the following aggregate amounts aggregate, in each the fiscal quarter ending December 31, 2001 and will not make capital expenditures of its fiscal years, provided that the Borrower may expend an amount equal to the more than $2,000,000 plus any unspent portion of monies from the immediately preceding prior fiscal year quarters, in the immediately succeeding aggregate in any fiscal year: quarter thereafter; provided, that in no event shall aggregate capital expenditures exceed $8,000,000 for fiscal year 2002; $16,000,000 for fiscal year 10,500,000 between October 1, 2001 and January 31, 2003; $20,000,000 for fiscal year 2004; and $12,000,000 for each fiscal year thereafter.