Approved Capital Expenditures definition

Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) included in the Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld or delayed.

Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) if no Trigger Period is continuing, included in the Annual Budget or, if during a Trigger Period, an Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld, conditioned or delayed.

Approved Capital Expenditures means the aggregate amount for Borrower and its Subsidiaries of (a) all purchases or acquisitions by Borrower and its Subsidiaries of items considered to be capital items under GAAP, which in any event shall include all expenditures capitalized in accordance with GAAP relating to property, plant, equipment or software on the consolidated balance sheet of Borrower and its Subsidiaries, and which shall exclude any such purchases or acquisitions by a Subsidiary that were purchased or acquired with Restricted Proceeds and/or with Restricted Net Free Cash Flow, plus (b) any capital contributions or equity investments by Borrower or its Subsidiaries in Borrower's unconsolidated joint ventures; provided, that such expenditures, acquisitions, contributions or investments were contained in the annual budget approved of in advance by the board of directors of Borrower or were subsequently approved by the board of directors of Borrower. For purposes of determining Approved Capital Expenditures for a Subsidiary in a particular year, all Approved Capital Expenditures in such year shall only be considered to have been purchased or acquired by such Subsidiary with Restricted Proceeds and/or with Restricted Net Free Cash Flow to the extent that the Consolidated Net Free Cash Flow as determined for such Subsidiary on a stand-alone basis (i.e., for that Subsidiary and its consolidated Subsidiaries only) for that particular year is equal to or less than the amount of the Approved Capital Expenditures by such Subsidiary during such year.

Examples of Approved Capital Expenditures in a sentence

• Borrower shall use the Future Advances for Approved Leasing Expenses pursuant to Section 2.1.5 hereof and for Approved Capital Expenditures pursuant to Section 2.1.6 hereof.

• Any cost of the Work exceeding the amount of the Approved Capital Expenditures and all other Capital Expenditures including any Emergency Work shall be paid for by Seller without any increase in the Purchase Price.

• The Purchase Price may be decreased in the event Seller is unwilling to remedy certain disapproved matters concerning the Property as set forth in Paragraph 5(a)(ii) or in the event of certain damage or condemnation affecting the Property as set forth in Paragraph 16 below, and may be increased if Seller makes certain Approved Capital Expenditures pursuant to the terms of Paragraph 23 below.

• Borrower shall obtain Lender’s prior written consent to any alterations to any Improvements other than Approved Capital Expenditures, which consent shall not be unreasonably withheld, conditioned or delayed.

• In the event the existing amount allocated to the Capital Expenditure Reserve plus the minimum amounts to be allocated thereto for the Fiscal Year of the approved Capital Expenditure Budget are not sufficient to fully fund all such Approved Capital Expenditures for any Fiscal Year, Landlord shall increase the amount allocated to the Capital Expenditure Reserve for such Fiscal Year in order to fully fund the approved Capital Expenditure Budget.

More Definitions of Approved Capital Expenditures

Approved Capital Expenditures has the meaning set forth in Section 2.13(a)(iii) hereof.

Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) if no Cash Sweep Period is continuing, included in the Annual Budget or, if during a Cash Sweep Period, in an Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld, conditioned or delayed. For the avoidance of doubt, any budgeted Capital Expenditure amount for a calendar month may be carried forward if unused in such calendar month; provided, however, no such unused amount may be carried over from the last calendar month of any Approved Annual Budget to the first calendar month of the next Approved Annual Budget.

Approved Capital Expenditures shall have the meaning assigned to such term in Section 11.01(b).

Approved Capital Expenditures means the Capital Expenditures that have been expressly approved by Buyer in writing and that are identified in said writing as Approved Capital Expenditures for purposes of this Agreement.

Approved Capital Expenditures means capital expenditures (a) incurred in the ordinary course of business consistent with past practice that are not more than $500,000 per fiscal quarter in excess of the Company’s budgeted amounts for such quarter as set forth in the Budget, (b) for call center sites as set forth in the Budget that are not reasonably expected to both (i) cost more than $4,000,000, and (ii) have an expected payback of more than two (2) years, or (c) approved by the Parent, which consent will not be unreasonably withheld, conditioned or delayed.

Approved Capital Expenditures means actual out-of-pocket Capital Expenditures to unaffiliated third-parties (except with respect to expenses to Affiliates of Borrower or Guarantor to the extent such expenses have been expressly approved by Lender) incurred by Borrower and either (i) included in the Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld or delayed.

Approved Capital Expenditures means, with respect to each Property, normal and customary Capital Expenditures relating to such Property incurred by the Borrower owning such Property or Operating Lessee in the ordinary course of business, which Capital Expenditures are evidenced by written invoices and payable to third parties unrelated to such Borrower or Operating Lessee.