Capital Expenditure Amount means (a) for the fiscal year ending December 31, 2020, $10,000,000 and (b) for each fiscal year thereafter the sum of (i) $10,000,000 plus (ii) 100% of the unutilized portion of the Capital Expenditure Amount from the immediately preceding fiscal year; provided that (x) any utilization of the Capital Expenditure Amount shall be applied first to reduce the carry-over component in clause (b)(ii) above before being applied to reduce the components in clause (b)(i) above, and (y) the unutilized portion of the Capital Expenditure Amount may be carried forward only to the immediately following fiscal year.
Capital Expenditure Amount means, as to each Specified Business or Joint Venture Business, the sum of all capital expenditures incurred by Seller and its Affiliates in respect of such Specified Business or Joint Venture Business consistent with the Budget and in the Ordinary Course of Business (and excluding any amounts incurred or paid in connection with any casualty or damage), subsequent to December 31, 2004 and up to and including the end of the month immediately preceding the Closing Date or, if the Closing occurs on a month-end, up to and including such month; provided, however, that any capital expenditures incurred or paid for in excess of the aggregate amount set forth in the Budget for such Specified Business shall be included in the determination of Capital Expenditure Amount only to the extent that Buyer shall have consented to such expenditures prior to the incurrence thereof.
Capital Expenditure Amount means, for any Property for any period, an amount equal to $0.25 per net rentable square foot of such Property during such period; provided that the Consolidated Group’s Ownership Share of the Capital Expenditure Amount with respect to any Real Property owned or ground leased by an Unconsolidated Affiliate during any period will be included in the calculation of Capital Expenditure Amount for such period on a basis consistent with the above described treatment for Properties, and the Capital Expenditure Amount with respect to any Property that is owned by a non-Wholly-Owned Subsidiary of the Borrower or a non-Wholly-Owned Subsidiary of the REIT (other than the Borrower and its Subsidiaries) shall be adjusted to account for Partial Interests in such non-Wholly-Owned Subsidiary.
Examples of Capital Expenditure Amount in a sentence
The amount (if any) by which the Capital Expenditure Amount for the Full Year Reporting Period exceeds the Capital Expenditure Limit must be included in the calculation of Relevant Costs.
If a Dispute Notice is duly delivered pursuant to Section 3.10(b)(ii), the Equityholders’ Representative and Buyer shall, during the fifteen (15) days following such delivery, use their commercially reasonable efforts to reach agreement on the Disputed Items in order to determine, as applicable, the amount of the Closing Cash, the Closing Net Working Capital, the Closing Debt, the Actual Capital Expenditure Amount and the Aggregate Delayed Closing Consideration, if any.
Summary of Major 2007 Capital Projects Capital Expenditure Amount Upper Arden Valley rehabilitation $1,538,000Unspecified mainline repairs$159,000Mobile/work equipment$948,000Measurement upgrades$172,000Distribution system improvement$67,000Distribution services rehabilitation$114,000Install inspection barrels$116,000Total$3,114,000 The Commission Panel has reviewed the justification for these capital projects as contained in the Application.
If the Final Pre-Closing Capital Expenditure Amount is less than the Estimated Pre-Closing Capital Expenditure Amount, then the Final Pre-Closing Capital Expenditure Adjustment shall be a negative number.
If within 45 days following delivery of such computation Buyer does not object in writing thereto to Seller, then the Actual Aggregate Net Working Capital and the Closing Capital Expenditure Amount shall be as reflected on the computation provided by Seller pursuant to the immediately preceding sentence.
More Definitions of Capital Expenditure Amount
Capital Expenditure Amount is defined in Section 5.6.
Capital Expenditure Amount means, for any Property for any period, an amount equal to the greater of (a) $0.25 per weighted average gross leasable square foot from such Property and (b) actual capital expenditures made with respect to such Property during such period (other than expenditures that are accounted for as capital expenditures by a Loan Party and that actually are paid for by a Person (including property sellers paying via closing credits and insurers) other than a Loan Party and for which no Loan Party has provided or is required to provide or incur, directly or indirectly, any consideration or obligation to such Person or any other Person (whether before, during or after such period)); provided that the Consolidated Group’s Ownership Share of the Capital Expenditure Amount with respect to any Real Property owned or ground leased by an Unconsolidated Affiliate during any period will be included in the calculation of Capital Expenditure Amount for such period on a basis consistent with the above described treatment for Properties, and the Capital Expenditure Amount with respect to any Property that is owned by a non-Wholly-Owned Subsidiary of the Borrower or a non-Wholly-Owned Subsidiary of the REIT (other than the Borrower and its Subsidiaries) shall be adjusted to account for Minority Interests in such non-Wholly-Owned Subsidiary.
Capital Expenditure Amount means, for any period listed in Section 8.05(a)(y), the product of (x) $2,250,000 multiplied by (y) the Capex Adjustment Factor for such period, provided that the Capital Expenditure Amount for any such period shall be increased on each date during such period on which a Significant Permitted Acquisition is consummated by an amount equal to the product of (x) $2,250,000 multiplied by (y) the Capex Adjustment Factor with respect to the Acquired Business or Businesses the subject of such Significant Permitted Acquisition.
Capital Expenditure Amount an amount for maintenance Capital Expenditures equal to, as of any date of determination, the greater of (a) $800,000, and (b) the actual amount paid for such maintenance Capital Expenditures.
Capital Expenditure Amount means the aggregate amount of capital investments in distribution assets made by the Company during the period beginning April 1, 2010 and ending on the Closing Date, calculated in accordance with standards and methodologies currently utilized by the Company and expected to be included in the Company’s rate base.
Capital Expenditure Amount means the amount actually expended on items that constitute capital expenditures under GAAP with respect to the Business by SMP Holdings, Meadowlark or an Acquired Company on or prior to the close of business on the Business Day immediately preceding the Closing Date.
Capital Expenditure Amount means, for any Property for any period, an amount equal to the greater of (a) $0.25 per weighted average gross leasable square foot from such Property and (b) actual capital expenditures made with respect to such Property during such period (other than expenditures that are accounted for as capital expenditures by a member of the Consolidated Group and that actually are paid for by a Person (including property sellers paying via closing credits and insurers) other than a member of the Consolidated Group and for which no member of the Consolidated Group has provided or is required to provide or incur, directly or indirectly, any consideration or obligation to such Person or any other Person (whether before, during or after such period)); provided that the Consolidated Group’s Ownership Share of the Capital Expenditure Amount with respect to any Real Property owned or ground leased by an Unconsolidated Affiliate during any period will be included in the calculation of Capital Expenditure Amount for such period on a basis consistent with the above described treatment for Properties, and the Capital Expenditure Amount with respect to any Property that is owned by a non-Wholly-Owned Subsidiary of the Borrower or a non-Wholly-Owned Subsidiary of the REIT (other than the Borrower and its Subsidiaries) shall be adjusted to account for Minority Interests in such non-Wholly-Owned Subsidiary.