Approved CapEx definition

Approved CapEx means (i) those capital expenditures described on Annex I, subject to the cap on such capital expenditures set forth thereon (unless otherwise approved in writing by Purchaser), and (ii) any other capital expenditures approved in writing by Purchaser (which approval may, for the avoidance of doubt, be subject to a cap on such capital expenditures), in each case made by the Company or its Subsidiaries.

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Approved CapEx means costs and expenses actually incurred by Borrower for repairs or improvements to the Property (other than tenant improvement costs) which have been approved by Lender in its discretion.

Approved CapEx means the capital expenditures set forth on Schedule 1.1 in the amounts set forth thereon.

Examples of Approved CapEx in a sentence

In no event shall Lender have any obligation to make Future Advances (w) that are not for Approved CapEx Expenses, (x) in the aggregate in excess of the Future Advance Amount, (y) for the PIP Work in the aggregate in excess of the PIP Work Future Advance Amount and (z) for the Elective CapEx Work in the aggregate in excess of the Elective CapEx Work Future Advance Amount.
Amounts on deposit in the PIP Work Reserve Account shall be disbursed to Borrower for Approved CapEx Expenses related to the PIP Work in accordance with the same terms and conditions for the disbursement of Future Advances set forth in Section 2.5.1, as if incorporated herein, mutatis mutandis (although Borrower shall not be required to obtain the applicable ALTA 33-06 Disbursement Endorsement with respect to each draw).
For the avoidance of doubt, and notwithstanding anything to the contrary contained herein, Lender shall have no obligation to make any Future Advances (1) for Approved CapEx Expenses related to the PIP Work unless all of the PIP Work Conditions have been satisfied and (2) for Approved CapEx Expenses related to the Elective CapEx Work unless all of the Elective CapEx Work Conditions have been satisfied.
The proceeds of the Loans shall only be used by the Borrower for the purpose of (i) repayment of all Indebtedness under the Existing Senior Credit Facilities, (ii) payment of all transaction fees and expenses incurred in connection with the Loan Documents, and (iii) for general corporate purposes of the Borrower as set forth in the Approved CapEx Budget or the Approved Cash Flow and CapEx Budget, as applicable.
Acquire any assets, except in the ordinary course of business, consistent with good industry practice and provided that such expenditures are permitted pursuant to the Approved CapEx Budget or the Approved Cash Flow and CapEx Budget, as applicable; make any investments in or acquire any ownership or similar interest in any Person; or acquire or invest in any debt or Equity Securities issued by any Person, in each case without the prior written consent of the Lender.
Funds in the CapEx Reserve will be used for payment of Approved CapEx as provided in Article 3 upon compliance with the applicable terms and conditions of this Agreement.
From the date hereof until such time as an Approved Cash Flow and CapEx Budget is approved by the Lender in accordance with Section 6.2(a)(v), Schedule "C" shall be comprised of the Approved CapEx Budget.
Incur any Capital Expenditures other than as provided for in the Approved CapEx Budget or the Approved Cash Flow and CapEx Budget, as applicable, without the prior written consent of the Lender.

More Definitions of Approved CapEx

Approved CapEx means (i) any capital expenditure; or (ii) any alteration or addition to any Paragon Property, which has been approved and budgeted for by PARAGON REIT as at the date of the Implementation Agreement, and which does not exceed S$40 million (or its equivalent in other currencies) in the aggregate (the “Approved Capex Budget”). For the avoidance of doubt, any allocated Approved Capex may be re-allocated to any other capital expenditure and/or alteration or addition to any Paragon Property, so long as it falls within the Approved Capex Budget.

Approved CapEx means capital expenditures incurred by Amalco on or before October 31, 2006 and paid for between October 31, 2006 and the Closing Date as set forth on Schedule 1.13, which schedule sets forth the amount of the capital expenditure liability, the nature of the expenditure, the date of incurrence of such liability and the date of payment of such liability.

Approved CapEx for the 2009 Fiscal Year with respect to each Loan Party (or, in the case of the last amount shown in the table below, to the Loan Parties on an aggregate basis), the amount of Capital Expenditures set forth for such Loan Party (or the Loan Parties on an aggregate basis) in the table below: SemCrude $ 9,675,000 SemStream $ 0 SemGas $ 1,844,000 SemCAMS $ 1,255,000 SemCanada Company $ 0 For use by any Loan Party (on an aggregate basis for all Loan Parties) $ 527,000

Approved CapEx means (i) those capital expenditures described on A nnex I, subject to the cap on such capital expenditures set forth thereon (unless otherwise approved in writing by Purchaser), and (ii) any other capital expenditures approved in writing by Purchaser (which approval may, for the avoidance of doubt, be subject to a cap on such capital expenditures), in each case made by the Company or its Subsidiaries.

Approved CapEx means capital expenditures incurred by the Target Companies on or before October 31, 2006 and paid for between October 31, 2006 and the Closing Date as set forth on Schedule 1.11, which schedule sets forth the amount of the capital expenditure liability, the nature of the expenditure, the date of incurrence of such liability and the date of payment of such liability.

Approved CapEx for each Fiscal Year, until the occurrence of the First Lien Trigger Event , the aggregate amount of “Approved Capex” as defined in the Senior Loan Facility from time to time (without regard to allocation among the Loan Parties) and, thereafter, the aggregate amount of “Approved Capex” that was applicable to the Fiscal Year during which the First Lien Trigger Event occurs; provided that the amount of Approved Capex for each Fiscal Year following the occurrence of the First Lien Trigger Event shall be increased by the Approved Capex Rollover Amount for such Fiscal Year.