Additional Capital Expenditure definition
Examples of Additional Capital Expenditure in a sentence
Provided, however, if Seller incurs a Government Mandated Additional Capital Expenditure, and if the remainder of the Tern is less than seven (7) years, then Purchaser shall not be obligated to pay to Seller the unamortized balance of such Government Mandated Additional Capital Expenditure as calculated in accordance with Schedule 8.2.
Provided, however, if Seller incurs a Government Mandated Additional Capital Expenditure, and if the remainder of the Tern is less than seven (7) years, then Purchaser shall not be obligated to pay to Seller the unamortized balance of such Government Mandated Additional Capital Expenditure as calculated in accordance with Schedule 8.2. Section 8.3 Payment for Government Mandated Additional Expenses.
So long as the Debtors are current with all payments due to the Trustee, the Debtors shall be permitted to spend up to $300,000 per year (pro-rated for the ITG Accounting Year ending December 28, 2003) plus the reasonable and necessary costs of Drydock (not to exceed $350,000 in each of 2003 and 2005) and Wetdock (not to exceed $100,000 in each of 2004 and 2006) consistent with the Capital Plan and Capital Expenditures paid for out of the Additional Capital Expenditure Reserve.