TPI Wind Blade Dafeng Company Limited Sample Clauses

TPI Wind Blade Dafeng Company Limited. Facility build out and equipment for the Vestas contract • CapEx requirement (for purposes of Section 7.02(g)(ii)): 2014 - $7,500,000 • Working Capital requirement of $10,000,000 • Permitted Purchase Money Indebtedness Allowance—$7,500,000 • CapEx, operating ramp-up and steady-state results of operations included in forecast provided.
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TPI Wind Blade Dafeng Company Limited. Notwithstanding anything to the contrary contained herein or in the Financing Agreement, this project shall not constitute a “Permitted Project” until (i) the Required Lenders are satisfied in their reasonable discretion with the final business plan and supply agreement for such project (the “Dafeng Supply Agreement”) and (ii) the Administrative Agent has received a fully executed copy of the Dafeng Supply Agreement • Facility build out and equipment for proposed Nordex contract • Capital Expenditures not to exceed $20,000,000 • EBITDA losses that the Collateral Agent shall permit to be added back to Consolidated EBITDA, after the start date of such project (in each case up to the amounts set forth herein and to the extent actually incurred): • First Fiscal Quarter (Q3 2017) after start date: $325,000 • Second Fiscal Quarter (Q4 2017) after start date: $900,000 or $1,225,000 in the aggregate • Third Fiscal Quarter (Q1 2018) after start date: $1,625,000 or $2,850,000 in the aggregate • Fourth Fiscal Quarter (Q2 2018) after start date: $1,225,000 or $4,075,000 in the aggregate

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