Business Expenditures definition

Business Expenditures means all costs incurred by Last Chance for the purchase, replacement, maintenance or repair of and for the Integral Properties and Assets other than sums expended for fixtures and items which are expensed, as opposed to amortized or depreciated, in accordance with GAAP, excluding the purchase of the Acquired Assets as provided in the Asset Purchase Agreement.
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Business Expenditures means the sum of (a) all capital expenditures paid or incurred by the Sellers and their Affiliates during the Adjustment Period in connection with the Water Business to the extent incurred in accordance with the Adjustment Period Budget or as permitted by Section 6.1(b)(vi), (b) without duplication of the amounts described in clause (a), the capital expenditures set forth on Schedule 2.5, (c) all operating expenditures paid or incurred by the Sellers and their Affiliates during the Adjustment Period in connection with the Water Business to the extent permitted by Section 6.1(b)(vii), and (d) a monthly allocation of overhead equal to $125,000 for each calendar month during the Adjustment Period, which amount shall be prorated for any partial calendar month during the Adjustment Period; provided that if the Water Services Agreement has not been entered into on or before the Closing Date in accordance with Section 6.14, then the operating expenditures and capital expenditures attributable to the Freshwater ▇▇▇▇▇ shall not be included for purposes of the calculation of Business Expenditures and the allocation of overhead set forth in clause (d) shall be $106,250 for purposes of the calculation of Business Expenditures.
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Examples of Business Expenditures in a sentence

  • In addition, Last Chance shall receive credit for all Business Expenditures made by California Prospectors, L.L.C. under and pursuant to the California Lottery Station Lease.

  • Last Chance shall incur minimum Business Expenditures of Two Hundred Thousand Dollars ($200,000) per annum during the Lease Term, pro rated for any partial year, in connection with the Integral Properties and Assets being acquired pursuant to the Integrated Agreements.

  • Within sixty (60) days following the end of each fiscal year of Last Chance during the Lease Term (currently June 30, but subject to change by written notice to Landlord), Last Chance shall provide Landlord with a written report of Business Expenditures for the preceding year.

  • Such expenditures shall be made in accordance with University policies and procedures related to travel (Travel, Hospitality and Business Expenditures Policy).

  • Code §§ 201-203); (10) Failure to Reimburse for Necessary Business Expenditures (Cal.

  • Labor Code § 510); (5) Failure to Authorize and Permit and/or Make Available Meal and Rest Periods (Cal Labor Code §§ 226.7 and 512); (6) Failure to Reimburse for Necessary Business Expenditures (Cal.