Capital Expenditure Facility definition

Capital Expenditure Facility means the term loan facility made available under this Agreement and described in Clause 2.1.2(c);
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Capital Expenditure Facility has the meaning specified in the recitals hereto.
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Capital Expenditure Facility shall have the meaning set forth in Section 2.4 hereof.
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Examples of Capital Expenditure Facility in a sentence

  • On or before March 31, 1997 Borrower shall, with out demand, repay to Lender all outstanding Loans made under the Capital Expenditure Facility for expenditures other than Capital Expenditures.

  • Capital Expenditure Facility ---------------------------- The specific items being purchased with loan proceeds Term Loan --------- Lease hold improvements, assignment of lease and if available, a repurchase agreement from the Port of Chelan County on the specific building.

  • LONG-TERM DEBT (continued) Committed Revolving Capital Expenditure Facility Black Diamond has a committed revolving capital expenditure facility of $130,000 (December 31, 2012 -$130,000) that matures December 31, 2016.

  • Each advance under this Section 2.4 shall be in an amount of no less than Two Hundred Thousand Dollars ($200,000) and shall be evidenced by and repayable in accordance with individual Secured Capital Expenditure Facility Promissory Notes, dated the date of each such advance, executed by Borrower to the order of Lender in the form of Exhibit 2.4 attached hereto and incorporated herein by this reference (each, an "Capital Expenditure Loan Note").

  • As at 31 December 2022, the $800 million Term Loan Facility and $300 million Term Loan Facility were fully drawn, the $800 million Revolving Credit Facility remained undrawn, while the $600 million Capital Expenditure Facility had $200 million drawn, leaving $400 million undrawn.

  • The Company's $2.5 billion Syndicated Debt Facilities comprise the following tranches: • $800 million - Term Loan Facility• $600 million - Capital Expenditure Facility• $800 million - Revolving Credit Facility (multi-currency)• $300 million - Term Loan Facility The $300 million Term Loan Facility has a maturity of 3 December 2028, while the remaining $800 million Term Loan Facility, $600 million Capital Expenditure Facility and $800 million Revolving Credit Facility have a maturity date of 3 December 2026.

  • To: The Fuji Bank, Limited as Facility Agent under the Credit Agreement From: [THE EXISTING BANK] and [THE NEW BANK] Date: [ ] Dunlop Standard Aerospace Group Limited (pound)260,000,000 Term Loan Facilities and (pound)75,000,000 Capital Expenditure Facility and (pound)50,000,000 Revolving Credit Facility dated [ ], 1998 (the "Credit Agreement") References to Clauses are to Clauses of the Credit Agreement.

  • The Bank shall make a total of four (4) loans to the Borrower, on the terms and conditions contained herein, consisting of an Automated Line of Credit Loan (`Line of Credit Loan''), a Fixed Rate Term Loan and a Variable Rate Term Loan (collectively `Term Loans''), and a Capital Expenditure Facility (`Capital Expenditure Loan'').

  • Such credit facility shall be comprised of the Revolver Facility consisting of revolving loans, letters of credit and bankers' acceptances up to the Maximum Revolver Amount, as described in Sections 2.2 and 2.5, and the Capital Expenditure Facility described in Section 2.3.

  • Capital Expenditure Facility ---------------------------- A secured one year non-revolving line of credit for use by the borrower to fund acquisition of various capital items.


More Definitions of Capital Expenditure Facility

Capital Expenditure Facility means the sum of $300,000.
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Capital Expenditure Facility means the capital expenditure facility contained in the Credit Agreement.
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Capital Expenditure Facility means the Lender's agreement to provide Capital Expenditure Loans in an aggregate amount up to $15,000,000, as set forth in Section 2.3.
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Capital Expenditure Facility. Capital Lease Obligations", "Change of Control", "Consolidated Coverage Ratio", "Consolidated Interest Expense", "Consolidated Net Income", "Currency Agreement", "Disqualified Stock", "EBITDA", "Equity Offering", "Hedging Obligations", "Hyundai Earn-Out", "Hyundai Electronics", "Hyundai Preferred Stock", "Incur" , "Indebtedness", "Intel", "Intel Preferred Stock", "Interest Rate Agreement", "Investments", "Lien", "Net Available Cash", "Net Cash Proceeds", "Permitted Holder", "Permitted Investment", "Principal", "Pro Forma Cost Savings", "Recapitalization", "Recapitalization Closing Date", "Refinancing Indebtedness", "Registration Rights Agreement", "Related Business", "Restricted Payment", "Restricted Subsidiary", "Revolving Credit Facility", "Sale/Leaseback Transaction", "Secured Indebtedness", "Shareholders Agreement", "Significant Subsidiary", "Subordinated Obligations", "SXI Group LLC", "SXI Holders", "Temporary Cash Investments" , "Term Loan Facilities", "Total Assets", "Unrestricted Subsidiary" and "U.S. Dollar Equivalent". SECTION 202. Amendment of Section 1.02. The provisions of Section 1.02 of the Indenture are amended by deleting the following definitions: "Affiliate Transaction", "Offer Amount" and "Offer Period".
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Related to Capital Expenditure Facility

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Capital Expenditure means expenditure on: a) the acquisition of land and buildings; b) the erection, enlargement, improvement or demolition of any building including fixed plant, installation, wall, fence or other structure, or any playground or hard standing;

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) included in the Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld or delayed.

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Capital Expenditure Reserve means, on an annual basis, an amount equal to $0.15 per square foot for each property owned by a Borrower or the Parent (or a Subsidiary thereof).

  • Net Capital Expenditures means for any period the amount by which Capital Expenditures during such period exceeds reimbursements for such items during such period from any fund established pursuant to the Loan Documents.

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • Investment Capital Expenditures means capital expenditures other than Maintenance Capital Expenditures and Expansion Capital Expenditures.

  • Consolidated Maintenance Capital Expenditures means, for any period, the aggregate amount of expenditures for additions to property, plant, and equipment that are not Consolidated Expansion Capital Expenditures.

  • Non-Financed Capital Expenditures means, for any period, Capital Expenditures during such period other than Capital Expenditures funded with the proceeds of Indebtedness (excluding ABL Revolving Loans).

  • local expenditures means expenditures in the currency of the Borrower or for goods or services supplied from the territory of the Borrower; and

  • Unfinanced Capital Expenditures means, for any period, Capital Expenditures made during such period which are not financed from the proceeds of any Indebtedness (other than the Revolving Loans; it being understood and agreed that, to the extent any Capital Expenditures are financed with Revolving Loans, such Capital Expenditures shall be deemed Unfinanced Capital Expenditures).

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.

  • Consolidated Capital Expenditures means, for any period, the aggregate of all expenditures of Company and its Subsidiaries during such period determined on a consolidated basis that, in accordance with GAAP, are or should be included in “purchase of property and equipment or similar items”, or that should otherwise be capitalized, as reflected in the consolidated statement of cash flows of Company and its Subsidiaries.

  • asset renewal expenditure means expenditure on an existing asset or on replacing an existing asset that returns the service capability of the asset to its original capability

  • Unfunded Capital Expenditures means capital expenditures made from the Borrower’s funds other than funds borrowed as term debt to finance such capital expenditures.

  • Excluded Expenditure means any expenditure: (a) for goods or services supplied under a contract which any national or international financing institution or agency other than the Association or the Bank has financed or agreed to finance, or which the Association or the Bank has financed or agreed to finance under another credit, grant or loan; (b) for goods included in the following groups or sub-groups of the Standard International Trade Classification, Revision 3 (SITC, Rev.3), published by the United Nations in Statistical Papers, Series M, No. 34/Rev.3 (1986) (the SITC), or any successor groups or subgroups under future revisions to the SITC, as designated by the Association by notice to the Recipient: Group Sub-group Description of Item 112 Alcoholic beverages 121 Tobacco, un-manufactured, tobacco refuse 122 Tobacco, manufactured (whether or not containing tobacco substitutes) 525 Radioactive and associated materials 667 Pearls, precious and semiprecious stones, unworked or worked 718 718.7 Nuclear reactors, and parts thereof; fuel elements (cartridges), non-irradiated, for nuclear reactors 728 728.43 Tobacco processing machinery 897 897.3 Jewelry of gold, silver or platinum group metals (except watches and watch cases) and goldsmiths’ or silversmiths’ wares (including set gems) 971 Gold, non-monetary (excluding gold ores and concentrates) (c) for goods intended for a military or paramilitary purpose or for luxury consumption; (d) for environmentally hazardous goods, the manufacture, use or import of which is prohibited under the laws of the Recipient or international agreements to which the Recipient is a party; (e) on account of any payment prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations; and (f) with respect to which the Association determines that corrupt, fraudulent, collusive or coercive practices were engaged in by representatives of the Recipient or other recipient of the Financing proceeds, without the Recipient (or other such recipient) having taken timely and appropriate action satisfactory to the Association to address such practices when they occur.

  • Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within the categories of capital expenditure set out at clause 36. The Secretary of State shall pay two separate and distinct grants in respect of Recurrent Expenditure: General Annual Grant ("GAG") and Earmarked Annual Grant ("EAG").

  • Operating Expenditures means all Partnership Group expenditures, including, but not limited to, taxes, reimbursements of the General Partner, repayment of Working Capital Borrowings, debt service payments and capital expenditures, subject to the following:

  • Independent expenditure means an expenditure by a person:

  • Annual Capital Expenditure Adjustment means, for any retail Property, an amount equal to the product of (a) $0.15 multiplied by (b) the aggregate net rentable area (determined on a square feet basis) of all such Properties.

  • Capitalized Expenditures means those expenditures that (i) would be capitalized under generally accepted accounting principles, and (ii) are incurred with respect to Shared-Loss Loans, Other Real Estate, Additional ORE or Subsidiary ORE. Capitalized Expenditures shall not include expenses related to environmental conditions including, but not limited to, remediation, storage or disposal of any hazardous or toxic substances or any pollutant or contaminant.