Capex Limit definition

Capex Limit has the meaning ascribed to it in Section 4.1.

Capex Limit has the meaning set forth in ‎Section 6.02(b).

Capex Limit means, for any fiscal year, the Capex Base Allowance for such fiscal year plus any Capex Carryover Amount for such fiscal year plus any Capex Pullback Amount for such fiscal year.

Examples of Capex Limit in a sentence

• Make any Capital Expenditures that would cause the aggregate of all such Capital Expenditures made by the Borrower and the Guarantors to exceed, in any Fiscal Year, the Adjusted Capex Limit.

• The Capex Limit in respect of any fiscal year commencing with the fiscal year ending on December 31, 2004, shall be increased (but not decreased) by the amount of unused permitted Capital Expenditures for the immediately preceding fiscal year (such amount, the “Capex Carryforward”); provided, however, that in no event shall the Capex Limit for any fiscal year be increased by more than $50,000,000.

• All Capital Expenditures made by Loan Parties and their respective Subsidiaries shall first be applied to reduce the applicable Capex Limit for such Fiscal Year and then to reduce the amount, if any, carried forward from the previous Fiscal Year.

• The Capex Limit in respect of any fiscal year commencing with the fiscal year ending on December 31, 2005, shall be increased by the amount of unused permitted Capital Expenditures for the immediately preceding fiscal year (such amount, the “Capex Carryforward”); provided, however, that in no event shall the Capex Limit for any fiscal year be increased by more than $50,000,000.

• All Capital Expenditures made by Borrower and its Subsidiaries shall first be applied to reduce the applicable Capex Limit and then to reduce the carry forward from the previous fiscal year, if any.

More Definitions of Capex Limit

Capex Limit means $38,000,000 for the fiscal year ending June 30, 1999 and $20,000,000 for each fiscal year thereafter.

Capex Limit means (i) for fiscal year 2001, $750,000 and (ii) for each subsequent fiscal year, $1,000,000."

Capex Limit set forth in Article 1 of the Agreement is amended to read as follows:

Capex Limit means for the 1999 fiscal year, $9,000,000 and for each fiscal year thereafter shall mean, $5,000,000."

Capex Limit means, in respect of any Capex Period, the maximum amount of Adjusted Capital Expenditure for the Group in respect of that Capex Period permitted under (and as adjusted in accordance with) Clause 16.7(e) (Capital Expenditure);

Capex Limit. Excess Cash Flow" and "Rollover Amount" set forth in Section 1 of the Agreement are amended to read as follows:

Capex Limit has the meaning specified in Section 10.15.