CapEx Budget definition

CapEx Budget means the annual budget covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Capital Expenditures consisting of discretionary expenditures made to acquire fee or easement interests with respect to any Ground Leased Property, or non-recurring expenditures made to enhance the Operating Revenues of a Property.

CapEx Budget has the meaning set forth in Section 10.1(a).

CapEx Budget shall have the meaning set forth in Section 4.1(a)(xiii).

Examples of CapEx Budget in a sentence

• Immediately prior to and after giving effect to any Borrowing (and the application of the proceeds therefrom), each Credit Party shall be in compliance with all the terms and provisions set forth herein and in each other Credit Document on its part to be observed or performed, including, without limitation, the CapEx Budget.

• To the knowledge of Borrower, no facts exist that (either individually or in the aggregate) would result in any material change in the 13-Week Forecasts or the CapEx Budget.

• The CapEx Budget has been prepared in good faith, with due care and based upon assumptions Xxxxxxxx believes to be reasonable.

• With respect to each Delayed Draw Term Loan, Administrative Agent and the Lenders shall have received evidence demonstrating that there has been no adverse deviation from the CapEx Budget or 13-Week Forecast then in effect in any material respect, as determined by Administrative Agent and the Lenders in their sole discretion.

• Lenders shall have received from Borrower the CapEx Budget, the 13-Week Forecast, and a detailed sources and uses for proceeds from the Initial Term Loan (including all aged payables), in each case, in form and substance satisfactory to Administrative Agent in its sole discretion.

More Definitions of CapEx Budget

CapEx Budget means the annual budget covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Discretionary Capital Expenditures.

CapEx Budget has the meaning set forth in Section 6.1(b)(v).

CapEx Budget means, as set forth on Exhibit C, the capital budget of the Project for the fiscal year ending December 31, 2018, including all capital expenditures, including a reasonable summary of such expenditures, broken down into reasonable categories.

CapEx Budget means, as applicable, the capital expenditure budgets for the Echo Business and the Core MTS Business set forth in Section 1.01 of the Echo Disclosure Schedule and the MCK Disclosure Schedule, respectively.

CapEx Budget has the meaning specified in the Loan Agreement.

CapEx Budget means the annual budget for the Asset Entities taken as a whole covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Capital Expenditures consisting of discretionary expenditures made to acquire fee or easement interests with respect to any Ground Lease Site or Easement Site, or non-recurring expenditures made to enhance the Operating Revenues of a Tower Site.

CapEx Budget has the meaning set forth in Section 6.1(b)(xiii).