Capital Creditors definition
Capital Creditors means liabilities and accruals for work done in relation to Capex Projects and Capex spend to the extent that they have not been paid prior to Closing; Capex Projects means, in relation to each Target Company and MBNL, the projects undertaken by that Target Company or MBNL to the extent that they relate to the creation, purchase, replacement, repair, refurbishment or improvement of, or addition to, any tangible or intangible assets owned or leased by that Target Company or MBNL; and Capex Project shall be construed accordingly.
Capital Creditors means liabilities and accruals for work done in relation to projects undertaken by the Target Company or the Seller to the extent that they relate to the purchase, replacement, repair, refurbishment or improvement of, or addition to, any tangible fixed assets owned or leased by the Target Company or Seller (in relation to the Businesses), including property, plant and equipment, furniture, fittings and furnishings and floor coverings;
Capital Creditors means, in respect of each Formula Year and to the extent
Examples of Capital Creditors in a sentence
Any liabilities of the Seller in respect of Trade Creditors as at the Effective Date, other than Capital Creditors.
More Definitions of Capital Creditors
Capital Creditors means liabilities and accruals for work done in relation to capex projects to the extent that they have not been paid prior to Closing (based upon evidence such as invoices, evidence of work certified, quantity surveyor reports, licences, hours worked by contractors and staff or other substantive evidence of purchase, replacement, repair, refurbishment, improvement or addition);