Base Capital Expenditures definition

Base Capital Expenditures means Capital Expenditures that are (i) required to be made by applicable Law, (ii) undertaken for health and safety reasons, (iii) undertaken to maintain and operate assets in accordance with Good Utility Practice, or (iv) required under any Contractual Obligations not entered into with the intention of circumventing the restrictions contained in this definition.

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Base Capital Expenditures is defined in Section 7.2.7.

Base Capital Expenditures means (a) $6,400,000 if the Measurement Date is December 31, 2004 and (b) $5,400,000 if the Measurement Date is November 30, 2004.

Examples of Base Capital Expenditures in a sentence

The Purchase Price shall be decreased by: (i) the amount by which Seller's Prorated Base BudgeL-ed Capital ExiDenditures exceed Seller's Actual Base Capital Expenditures as of the Closing Date, and (ii) all amounts due and owing in order to fully discharge and payoff as o@L the Time of Closing the Capital Leases as set forth in the payoff letters required to be delivered under Section 9.2(j) hereof.
Base Capital Expenditures included in any proposed ---------------- annual operating plan in accordance with Section 3.06(a) shall be approved to --------------- the extent they (i) are consistent with stated Partnership objectives, (ii) are reasonably required for the efficient operation of the Partnership and (iii) do not exceed a reasonable level, either as to individual projects or as to all capital projects taken together.
The Partners shall each ------------------------- contribute 50% of the Base Capital Expenditures authorized under any applicable Annual Operating Plan, including any deviations permitted under Section ------- 3.06(c)(2), or under the Interim Plan pursuant to Section 3.06(e), subject to ---------- --------------- adjustment after an Annual Operating Plan is approved.
The definition of "Fixed Charge Coverage Ratio" set ----------------------------- forth in Section 1.1 of the Credit Agreement is amended by deleting the parenthetical "(other than Base Capital Expenditures)" set forth in clause (a)(ii) of such definition.
If the Closing Capital Expenditures Value as set out in the Capital Expenditures Valuation Statement is higher than the Base Capital Expenditures Value, then the Purchaser shall pay to the Shares Seller an amount equal to twenty-five percent (25%) of the excess of the Closing Capital Expenditures Value over the Base Capital Expenditures Value, as an increase in the Purchase Price.
Section 1.1 of the Credit Agreement is amended to delete the definition -------------------- of "Base Capital Expenditures".
The Borrowers will not cause or permit the aggregate amount of Base Capital Expenditures of the Borrowers made for any period commencing with the Filing Date and ending at the end of any month indicated in the table below to be greater than the amount set forth in the table opposite such month.
In addition, the proposed operating plan shall itemize Base Capital Expenditures project by project, and each project shall describe cash requirements for the year of the plan and for the life of the project and the proposed Unilateral Investments of each Partner's Parent.

More Definitions of Base Capital Expenditures

Base Capital Expenditures means, for any fiscal quarter, the quarterly average of the Issuer’s capital expenditures (as determined in accordance with GAAP) for the twelve fiscal quarters comprising the three full fiscal years immediately preceding such fiscal quarter, increased by the Capital Expenditures Grower Rate.

Base Capital Expenditures means capital expenditures generally ------------------------- required for the ongoing maintenance and operation of the Plant, including, without limitation, capital expenditures for replacing equipment, cost reductions and quality improvements. Base Capital Expenditures shall not include: (i) expenditures for product changes determined by the requirements of only one Sponsor or any of its Affiliates or emissions-related changes to the extent that both parties do not participate equally in such expenditures; or (ii) any expenditures relating to Supplier Tooling.

Base Capital Expenditures means Capital Expenditures for maintenance purposes in an amount not to exceed $8,000,000 during any twelve-month period.