Other Capital Expenditures Sample Clauses

Other Capital Expenditures. If and to the extent permitted by the terms of the Bond Resolution County may, without MII approval, expend unencumbered capital funds from any source, including the proceeds from bonds, notes or other obligations, for the following purposes: A. Projects required for public safety when directed by the FAA, National Transportation Safety Board or similar governmental authority having jurisdiction over Airport, Airline’s operations, or the safety aspect of Airport’s operations. B. Casualty damage to Airport System property which exceeds the proceeds of insurance, which property must be rebuilt or replaced in order to satisfy County obligations or maintain a source of revenue. C. Special Purpose Facilities as defined herein, provided, however, in cases where such Special Purpose Facilities occupy a building site, an appropriate ground rental shall be charged. In all cases, the tenants or other users of such Special Purpose Facilities shall be required to pay directly or reimburse County for all costs (direct or indirect) associated with such Special Purpose Facilities. D. Improvements or additions necessary to insure compliance with lawful orders or requirements of other authorities that are pertinent to aircraft operations or are related to the issuance of federal or state grants to County. E. Improvements or additions necessary to settle claims, satisfy judgments, or comply with orders against County by reason of its ownership, operation, maintenance, or use of the Airport System. F. Capital expenditures of an emergency nature which, if not made, would result in the closing of the Airport within forty-eight (48) hours. G. Improvements made from Airport Discretionary Sub-Account, provided, however, that the interest rate charged by County for loans made from Airport Discretionary Sub-Account shall not be less than one percent (1%) above the prevailing prime interest rate. H. Change orders initiated by one or more Signatory Airline for its or their sole benefit, provided the costs related thereto shall be borne by the Signatory Airline(s) initiating such change orders. I. Expansion of the Airport System for the increased requirements of any Signatory Airline(s) provided such Signatory Airline(s) agrees in writing to increased rentals, fees and charges sufficient to cover the payment of debt service if financed with Additional Revenue Bonds, or an equivalent amount if financed from the Improvements Account or General Purposes Account to finance its exclusive f...
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Other Capital Expenditures. Owner shall separately provide (or cause Lessor to provide) all funds necessary for all Capital Expenditures (other than FF&E Expenditures made from the FF&E Reserve) under any approved Capital Budget or as otherwise expressly set forth in this Agreement. Manager shall use reasonable efforts to anticipate the need for any Capital Expenditures to the Hotel, and in connection therewith, Manager shall advise Owner of any reasonably anticipated Capital Expenditures in order to enable Owner to plan for such Capital Expenditures. If Owner (or Lessor) fails to provide funds necessary for any Capital Expenditures required or permitted under this Agreement within thirty days after receipt of written notice from Manager, or at any times provided in the Budget, Manager shall have the right to use funds in the FF&E Reserve for such Capital Expenditures, and replenish the funds in the FF&E Reserve from the revenues generated by the Hotel prior to the payment of any amounts to Owner. Manager's right to so use funds in the FF&E Reserve shall not excuse Owner's failure to provide funds on a timely basis.
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Other Capital Expenditures. Set forth below are all of the Consignment Capital Expenditures incurred by the Company to date, together with the locations associated with such Capital Expenditures, the date such Capital Expenditures were incurred and the Consignor associated with such Capital Expenditures: TOTAL CAPITAL DATE(S) CAPITAL EXPENDITURES FOR EXPENDITURES LOCATION CONSIGNOR LOCATION INCURRED -------- --------- ------------------- ------------------- A) B) C)
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Other Capital Expenditures. The Credit Parties shall not make or incur, and shall not permit their respective Subsidiaries to make or incur, Other Capital Expenditures for Borrower and its Subsidiaries in an aggregate amount in excess of Seven Hundred Fifty Thousand Dollars ($750,000) for the Fiscal Year ending as at October 31 or December 31, 2007, as applicable; Eight Hundred Seventy-Five Thousand Dollars ($875,000) for the Fiscal Year ending as at October 31 or December 31, 2008, as applicable; and One Million Dollars 102 ($1,000,000) for the Fiscal Year ending as at October 31 or December 31, 2009, as applicable, and for each Fiscal Year thereafter.
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Other Capital Expenditures. If, after the date hereof, the -------------------------- Contributor funds any capital reserves or makes any capital expenditures in excess of the base FF&E reserves under the Existing Management Agreements with the written approval of HMC in accordance with the Operating Standards, Contributors shall be entitled to an increase in the Exchange Amount in the amount of such excess. With respect to the Four Seasons Atlanta, if after the date of this Agreement the Third-Party Loan held by Four Seasons Hotels Limited is increased by one or more additional fundings thereunder to finance the cost of capital expenditures and related items, the Exchange Amount shall be increased by the aggregate increase in the principal amount of such Third Party Loan. Any expenditures of funds from, or increase in the funds in, the special reserve account for the four Swissotel Hotel Projects, which has a base balance of approximately $5.5 million, or the special reserve account for the Hyatt Burlingame Hotel Project, which has a balance of approximately $5.0 million, shall not result in any change in the Exchange Amount under this paragraph.
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Related to Other Capital Expenditures

  • Capital Expenditures The Issuer shall not make any expenditure (by long-term or operating lease or otherwise) for capital assets (either realty or personalty).

  • Maximum Capital Expenditures The Parent and the Borrower will, and will cause each Consolidated Subsidiary to, not make Capital Expenditures on a consolidated basis that exceed $30,000,000 in any fiscal year (the “Base Capital Expenditure Amount”). Notwithstanding anything to the contrary, the Base Capital Expenditure Amount shall be increased by the following amounts: (i) to the extent that the aggregate amount of Capital Expenditures made by the Parent and its Consolidated Subsidiaries in any fiscal year is less than the Base Capital Expenditure Amount, the amount of such difference may be carried forward and used to make Capital Expenditures in succeeding fiscal years, provided that in any fiscal year, the amount permitted to be applied to make Capital Expenditures pursuant to this clause (i) shall in no event exceed an amount equal to 75% of the unused portion of the Base Capital Expenditure Amount for such fiscal year (without giving effect to any prior adjustments), (ii) if no Default or Event of Default has occurred and is continuing, or would result after giving effect thereto, the Parent and its Consolidated Subsidiaries may make additional Capital Expenditures to the extent that the amount of such excess is deducted from the Base Capital Expenditure Amount in succeeding fiscal years, provided that in any fiscal year, the amount permitted to be applied to make Capital Expenditures pursuant to this clause (ii) shall in no event exceed an amount equal to 25% of the Base Capital Expenditure Amount (without giving effect to any prior adjustments) and (iii) the Base Capital Expenditure Amount shall exclude any Capital Expenditures that are funded with the Available Credits; provided that, at the time of such Capital Expenditures, the Borrower shall deliver a certificate of a Financial Officer stating the portion of Capital Expenditures that is being made from the Available Credit, and setting forth a calculation of the Available Credit immediately before and immediately after such Capital Expenditures.

  • Capital Expenditure Make or incur any Capital Expenditure if, after giving effect thereto, the aggregate amount of all Capital Expenditures by Borrower in any fiscal year would exceed the amount set forth on the Schedule;

  • Consolidated Capital Expenditures (i) Company will not, and will not permit any of its Subsidiaries to, make or commit to make Consolidated Capital Expenditures in any Fiscal Year, beginning with the Fiscal Year ending December 31, 2003, except Consolidated Capital Expenditures which do not aggregate in excess of the corresponding amount set forth below opposite such Fiscal Year: Fiscal Year ending December 31, 2003 $ 5,000,000 Fiscal Year ending December 31, 2004 $ 5,000,000 Fiscal Year ending December 31, 2005 and each Fiscal Year thereafter $ 7,000,000 provided that (a) if the aggregate amount of Consolidated Capital Expenditures actually made in any such Fiscal Year shall be less than the limit with respect thereto set forth above (before giving effect to any increase therein pursuant to this proviso) (the “Base Amount”), then the amount of such shortfall (up to an amount equal to 50% of the Base Amount for such Fiscal Year, without giving effect to this proviso) may be added to the amount of such Consolidated Capital Expenditures permitted for the immediately succeeding Fiscal Year and any such amount carried forward to a succeeding Fiscal Year shall be deemed to be used prior to Company and its Subsidiaries using the amount of capital expenditures permitted by this section in such succeeding Fiscal Year, without giving effect to such carryforward and (b) for any Fiscal Year (or portion thereof) following any acquisition of a business (whether through the purchase of assets or of shares of capital stock) permitted under subsection 6.7, the Base Amount for such Fiscal Year (or portion) shall be increased, for each such acquisition, by an amount equal to the product of (A) the lesser of (x) $5,000,000 and (y) 4% of revenues of the business acquired in such acquisition for the period of four Fiscal Quarters most recently ended on or prior to the date of such business acquisition multiplied by (B) (x) in the case of any partial Fiscal Year, a fraction, the numerator of which is the number of days remaining in such Fiscal Year after the date of such business acquisition and the denominator of which is 365 (or 366 in a leap year), and (y) in the case of any full Fiscal Year, 1. (ii) The parties acknowledge and agree that the permitted Consolidated Capital Expenditure level set forth in clause (i) above shall be exclusive of the amount of Consolidated Capital Expenditures actually made with the proceeds of a cash capital contribution to Company (including the proceeds of issuance of equity securities) made by Parent from the issuance by Parent of its equity Securities after the Closing Date and specifically identified in a certificate delivered by an Authorized Officer of Company to Administrative Agent on or about the time such capital contribution is made; provided that, to the extent any such cash capital contributions constitute Net Securities Proceeds after the Closing Date, only that portion of such Net Securities Proceeds which is not required to be applied as a prepayment pursuant to Section 2.4B(ii)(c) (or pursuant to the First Lien Credit Agreement) may be used for Consolidated Capital Expenditures pursuant to this clause (ii).

  • Limitation on Capital Expenditures Make or commit to make any Capital Expenditures except: (a) Capital Expenditures made (or deemed made) with the proceeds of any Reinvestment Deferred Amount (including Capital Expenditures made during the six-month period prior to the relevant Reinvestment Event); (b) Capital Expenditures in any Fiscal Year to finance the acquisition, construction or leasing of fixed or capital assets of the Borrower and its Class I Restricted Subsidiaries in the ordinary course of business not exceeding the Applicable Consolidated EBITDA Amount for such Fiscal Year; provided, that (x) such amounts 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 and (y) Capital Expenditures made pursuant to this paragraph (b) 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 prior Fiscal Year pursuant to clause (x) above; (c) to the extent that no amounts under Section 7.7(a) and (b) are available, Capital Expenditures to finance the acquisition, construction or leasing of fixed or capital assets in an amount not to exceed the Applicable Amount at the time of, and immediately prior to the making of, such Capital Expenditure; provided that, immediately prior to and after giving effect to such Capital Expenditure under this paragraph (c), no Default or Event of Default shall have occurred and be continuing; and (d) notwithstanding anything in this Section 7.7 to the contrary, and without utilization of any amounts described in paragraphs (a) through (c) of this Section 7.7, purchases of digital projectors and other digital cinema equipment from or with DCIP.

  • Expenditures The Assuming Institution will pay such bills and invoices on behalf of the Receiver and the Corporation as the Receiver or the Corporation may direct for the period beginning on the date of the Bank Closing Date and ending on Settlement Date. The Assuming Institution shall submit its requests for reimbursement of such expenditures pursuant to Article VIII of this Agreement.

  • XXXXXX’S EXPENDITURES If any action or proceeding is commenced that would materially affect Xxxxxx’s interest in the Collateral or if Borrower fails to comply with any provision of this Agreement or any Related Documents, including but not limited to Borrower’s failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any Related Documents, Lender on Borrower’s behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on any Collateral and paying all costs for insuring, maintaining and preserving any Collateral. All such expenditures incurred or paid by Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment by Xxxxxxxx. All such expenses will become a part of the Indebtedness and, at Lender’s option, will (A) be payable on demand; (B) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance policy; or (2) the remaining term of the Note; or (C) be treated as a balloon payment which will be due and payable at the Note’s maturity.

  • Excluded Expenditures The Recipient undertakes that the proceeds of the Financing shall not be used to finance Excluded Expenditures. If the Association determines at any time that an amount of the Financing was used to make a payment for an Excluded Expenditure, the Recipient shall, promptly upon notice from the Association, refund an amount equal to the amount of such payment to the Association. Amounts refunded to the Association upon such request shall be cancelled.

  • Other Expenditures Any reasonable direct expenditure, other than expenditures which are covered by the foregoing provisions, incurred by the Manager for the necessary and proper conduct of Operations.

  • Expenditure Limit The Contractor shall notify the County of Orange assigned Deputy Purchasing Agent in writing when the expenditures against the Contract reach 75 percent of the dollar limit on the Contract. The County will not be responsible for any expenditure overruns and will not pay for work exceeding the dollar limit on the Contract unless a change order to cover those costs has been issued.

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