Capex Limit definition

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

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

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

Examples of Capex Limit in a sentence

• 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.

• 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 ER Group may spend in excess of the Capex Limit provided that any capital expenditures in excess of the Capex Limit shall reduce the Cash Threshold dollar-for-dollar (provided that the ER Group cannot spend on Capex Costs such that the Cash Threshold is reduced to less than zero).

• Upon the occurrence of an Expansion Trigger Event, the Capex Limit shall automatically increase to US$50.0 million (or the Dollar Equivalent thereof) per fiscal year.

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

More Definitions of Capex Limit

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.

Capex Limit means (i) for fiscal year 2001, $750,000 (ii) for fiscal year 2002, $3,000,000 and (iii) for each subsequent fiscal year, $1,000,000."

Capex Limit means: $1,500,000 for the fiscal year ending September 30, 1995; $1,100,000 for the fiscal year ending September 30, 1996; and $1,800,000 for the fiscal year ending September 30, 1997. If the Borrower incurs in any fiscal year aggregate Capital Expenditures in an amount which is less than the full amount of the CapEx Limit for such fiscal year, then the amount by which such CapEx Limit for such fiscal year exceeds said aggregate Capital Expenditures for such fiscal year may be carried forward and added by the Borrower to the CapEx Limit for any subsequent fiscal year or years; provided that, in any event, at the time of the making of such Capital Expenditures in such subsequent fiscal year or years and after giving effect thereto there is no Event of Default under this Agreement nor would such additional Capital Expenditures lead to an Event of Default under this Agreement.

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.

Capex Limit means for the financial year ended 30 September 2007, (pound)2,200,000, for the financial year ended 30 September 2008, (pound)1,980,000 and for any subsequent financial years 110% of the amount of Capital Expenditure as set out in the Budget for that financial year.

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);