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.
Sample 1
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.
Sample 1
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.
Sample 1

Examples of Base Capital Expenditures in a sentence

  • NASA posited the question of whether the operational requirements could be slightly relaxed for location accuracy of SGBs in C/S G.008 so that SGBs with lower power levels could be cost-effectively produced.France was preparing an SGB MEOLUT; once some French test results were available, the USA and France could begin work on a C/S SGB Test Plan.

  • Table 3Rate Base, Capital Expenditures and In-Service Capital Additions2015 to 2019 2015 2016 2017 2018 2019 Rate Base ($million)21 6,533 6,864 7,191 7,541 7,870 Capital Expenditures ($million)22 648.9 654.7 661.4 655.1 669.1 In-Service Capital Additions ($million)23 656.6 621.8 696.0 681.4 660.9 The evidence indicates that the biggest drivers of the rate increase sought by Hydro One are the increase in 2015 rate base, and the planned annual increases in certain capital programs.

  • This exhibit includes information on Rate Base, Capital Expenditures, and Service Quality and Reliability Performance.

  • Note 2 The percentage growth in average customer is used to calculate the formula based O & M Expense and Other Base Capital Expenditures.

  • Line 5 – Other Base Capital Expenditures: The 0.5% variance between Approved 2008 and Adjusted 2008 expenditures is attributed to a 0.5% decrease in the forecast average number of customers.

  • 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.

  • Table 3.1-1EWW Capital Expenditures 2012-2014($ thousands) Cost Category Rate Base Capital Expenditures - a decrease of $203 thousand in capital expenditures from the 2012-2014 Forecast amount to the 2012-2014 Decision amount (row 1, column H minus row 1, column G) primarily reflects the following:  a decrease of $1,091 thousand in projects originally planned in 2012-2014 which were deferred to 2015-2017 as explained above.

  • 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.

  • Table 3.1-1EWW Capital Expenditures 2012-2014($ thousands) Cost Category Rate Base Capital Expenditures - a decrease of $203 thousand in capital expenditures from the 2012-2014 Forecast amount to the 2012-2014 Decision amount (row 1, column H minus row 1, column G) primarily reflects the following: • a decrease of $1,091 thousand in projects originally planned in 2012-2014 which were deferred to 2015-2017 as explained above.

  • 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.


More Definitions of Base Capital Expenditures

Base Capital Expenditures means Capital Expenditures for maintenance purposes in an amount not to exceed $8,000,000 during any twelve-month period.
Sample 1
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.
Sample 1
Base Capital Expenditures is defined in Section 7.2.7.
Sample 1

Related to Base Capital Expenditures

  • Net Capital Expenditures means for any period the amount by which Capital Expenditures during such period exceeds reimbursements for such items during such period from any fund established pursuant to the Loan Documents.

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • 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.

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • Investment Capital Expenditures means capital expenditures other than Maintenance Capital Expenditures and Expansion Capital Expenditures.

  • Consolidated Maintenance Capital Expenditures means, for any period, the aggregate amount of expenditures for additions to property, plant, and equipment that are not Consolidated Expansion Capital Expenditures.

  • Consolidated Capital Expenditures means, for any period, the aggregate of all expenditures of Company and its Subsidiaries during such period determined on a consolidated basis that, in accordance with GAAP, are or should be included in “purchase of property and equipment or similar items”, or that should otherwise be capitalized, as reflected in the consolidated statement of cash flows of Company and its Subsidiaries.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Capital Expenditure means expenditure on:

  • Unfinanced Capital Expenditures means, for any period, Capital Expenditures made during such period which are not financed from the proceeds of any Indebtedness (other than the Revolving Loans; it being understood and agreed that, to the extent any Capital Expenditures are financed with Revolving Loans, such Capital Expenditures shall be deemed Unfinanced Capital Expenditures).

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Non-Financed Capital Expenditures means Capital Expenditures not financed by the seller of the capital asset, by a third party lender or by means of any extension of credit by Lender other than by means of an Advance under the Revolving Credit Facility.

  • Unfunded Capital Expenditures means those Capital Expenditures which are not financed by Funded Debt.

  • Capital Expenditure Reserve means, on an annual basis, an amount equal to $0.15 per square foot for each property owned by a Borrower or the Parent (or a Subsidiary thereof).

  • Operating Expenditures means all Partnership Group expenditures, including, but not limited to, taxes, reimbursements of the General Partner, repayment of Working Capital Borrowings, debt service payments and capital expenditures, subject to the following:

  • Exploration Expenditures means the sum of:

  • Capitalized Expenditures means those expenditures that (i) would be capitalized under generally accepted accounting principles, and (ii) are incurred with respect to Shared-Loss Loans, Other Real Estate, Additional ORE or Subsidiary ORE. Capitalized Expenditures shall not include expenses related to environmental conditions including, but not limited to, remediation, storage or disposal of any hazardous or toxic substances or any pollutant or contaminant.

  • Emergency Expenditures means any of the eligible expenditures set forth in the CERC Manual referred to in Section I.F of Schedule 2 to this Agreement and required for the Contingent Emergency Response Part.

  • Consolidated Net Working Capital means (a) all current assets of the Company and its Restricted Subsidiaries except current assets from Oil and Gas Hedging Contracts, less (b) all current liabilities of the Company and its Restricted Subsidiaries, except (i) current liabilities included in Indebtedness, (ii) current liabilities associated with asset retirement obligations relating to oil and gas properties and (iii) any current liabilities from Oil and Gas Hedging Contracts, in each case as set forth in the consolidated financial statements of the Company prepared in accordance with GAAP (excluding any adjustments made pursuant to FASB ASC 815).

  • Expenditures means payments and contracts for goods, services, and construction which may be acquired competitively and are not regulated by separate authority, and, where the department acts as the sole or primary contracting officer and has selective discretion as to the supplier, vendor, or contractor. This definition does not apply to expenditures by the department of transportation for road and bridge construction projects which receive federal funds under section 112(b) of title 23 of the United States Code, 23 U.S.C. 112, 23 C.F.R. 635.104(a), and other applicable federal law until federal law recognizes small businesses owned by persons with disabilities.