CapEx Budget definition
Examples of CapEx Budget in a sentence
In addition, with respect to expenses added to roll forward the business plan to a new year, then to the extent the Annual Consolidated Fixed Operating Expense Budget or Annual Consolidated Maintenance Capex Budget for the new year (each, a “Roll-Forward Budget”) is greater than a ten percent (10%) increase from those items in the prior year, the addition of these new year expenses shall constitute a Major Decision.
The Company Business Plan in effect as of the date hereof (the “Initial Company Business Plan”) is attached as Exhibit D hereto, and the 2025 Annual Consolidated Fixed Operating Expense Budget and the 2025 Annual Consolidated Maintenance Capex Budget are attached as Exhibit E and Exhibit F hereto, respectively.
Management shall also annually recommend for Board approval a final Annual Consolidated Fixed Operating Expense Budget and a final Annual Consolidated Maintenance Capex Budget for the following fiscal year and an extension to the Company Business Plan to roll the plan forward for an additional fiscal year.