Approved Capital Expenditure definition

Approved Capital Expenditure means the following Capital Expenditures:

Approved Capital Expenditure means all capital expenditure approved by the QCA in accordance with Clause 2 of Schedule FB (or, for a period prior to the Commencing Date, Clause 2, Schedule FB of the 2005 Undertaking), except for capital expenditure for a new spur line to a mine where the Train Services servicing that mine are included in a new Reference Train Service and the value of that new spur line is included in a new Reference Tariff;

Approved Capital Expenditure means capital expenditure or additional capital expenditure approved by the Minister under Part 2;

Examples of Approved Capital Expenditure in a sentence

• The proceeds of the Loans made and Letters of Credit issued under this Agreement shall be used by the Borrowers for working capital needs and general corporate purposes of the Credit Parties in the ordinary course of business (subject to the limitations set forth in Section 6.03 through 6.07), for expenditures related to Approved Capital Expenditure Programs and permitted acquisitions, and to refinance certain existing Indebtedness, including, without limitation, the 2006 Senior Notes.

• Generally, the modernization/ upgradation activities at GRSE are carried out against Board Approved Capital Expenditure Budget of Financial Years for continual upgradation of facilities of the company.

• Accordingly, the Commission has considered the capital expenditure and capitalisation for FY 2016-17 to FY 2018-19 as shown in the following Table:Table 4.5-2: Approved Capital Expenditure and Capitalisation for FY 2016-17 to FY 2018-19 (Rs. Crore) Particulars 4.5.4 The Commission has considered above said Capital expenditure towards different schemes proposed by TANTRANSCO.

• The proceeds of the Loans made and Letters of Credit issued under this Agreement shall be used by the Borrowers for working capital needs and general corporate purposes of the Credit Parties in the ordinary course of business (subject to the limitations set forth in Sections 6.03 through 6.07), for expenditures related to Approved Capital Expenditure Programs and permitted acquisitions, and to refinance certain existing Indebtedness, including, without limitation, the 2006 Senior Notes.

• If any withdrawals are made from the Capex Reserve Account to pay Approved Capital Expenditure Costs, the Capex Reserve Account must be topped up to the Required Capex Reserve Amount from transfers from the Jamalco Collection Account in accordance with the order of priority set out in ‘Jamalco Collection Account’ above.

More Definitions of Approved Capital Expenditure

Approved Capital Expenditure means all capital expenditure approved by the QCA in accordance with Clauses 2 and 3 of Schedule A;

Approved Capital Expenditure means any expenditure by the Borrower Group on capital equipment and working capital (excluding repayment or refinancing or any other payment in respect of the Vendor Financing) and costs, fees and expenses directly incurred in connection with this Facility.

Approved Capital Expenditure means each capital expenditure identified in the Approved Capital Expenditure Budget; provided that such capital expenditure is incurred in the period and for the purpose identified in the Approved Capital Expenditure Budget.

Approved Capital Expenditure means any capital expenditure of the Company between the date of this Agreement and the Closing Date that was approved by the Buyer in writing prior to the making of the expenditure.

Approved Capital Expenditure in relation to any grant means expenditure appearing to the Board to be of a capital nature and approved by them for the purposes of the grant;

Approved Capital Expenditure means approved expenditure of a capital nature as permitted under Clause 18.16 (Capital Expenditure).

Approved Capital Expenditure means any Capital Expenditure approved by Lessor or the third-party architect in accordance with the procedures set forth below in this Section 5.1 or reasonable Capital Expenditures incurred in the event of an emergency. Lessor and Lessee shall meet annually to review the condition of the Premises and to determine whether any Capital Expenditures will be needed within the following year and the reasonable cost of such Capital Expenditures. Lessor or Lessee may also notify each other during the year if either one believes a Capital Expenditure is necessary which was not addressed during the annual meeting, except in the case of an emergency (in which case the Capital Expenditure may be made without approval, but Lessee shall notify Lessor thereof as soon as reasonably possible after incurring the same). Lessor shall not unreasonably withhold its approval of any Capital Expenditure or the cost thereof. If the cost of the Capital Expenditure will exceed the amount approved by Lessor by more than fifty percent (50%) in the case of Capital Expenditures of less than $100,000 or twenty-five percent (25%) in the case of Capital Expenditures costing $100,000 or more, Lessee shall obtain Lessor's approval of the increased cost, which approval shall not be unreasonably withheld. If Lessor and Lessee disagree on (i) whether an expenditure is a Capital Expenditure, (ii) whether a Capital Expenditure is needed, (iii) the reasonable cost of the Capital Expenditure, or (iv) on the useful life of the Capital Expenditure, they shall agree, in the case of (ii) and (iii) above, upon a qualified architect skilled in the area of required expertise, and, in the case of (i) and (iv) above, an accountant from a nationally recognized accounting firm. Such architect or accountant shall make the decision within thirty (30) days, which decision shall be final and binding on the parties hereto. If the parties hereto cannot agree on a qualified architect or accountant within thirty (30) days, either party may apply to the American Arbitration Association for the appointment of such architect or accountant. Notwithstanding the provisions set forth above, Lessor and Lessee hereby agree and stipulate that the useful life for any Capital Expenditure for a roof replacement, in whole or in part, shall be 15 years. For any Capital Expenditures, Lessor shall have the right to approve all plans and specifications, any contractors, architects and engineers, any architectural and engineering cont...