Capital Expenditure Limit shall have the meaning set forth in Section 4.11 hereof.
Capital Expenditure Limit means: (a) for the Guarantor’s 2009 fiscal year ending October 2, 2009, Ten Million Dollars ($10,000,000) in the aggregate; (b) for the Guarantor’s 2010 fiscal year ending on or about September 30, 2010, Eleven Million Dollars ($11,000,000) in the aggregate; (c) for the Guarantor’s 2011 fiscal year ending on or about September 30, 2011, Twelve Million Dollars ($12,000,000) in the aggregate; and (d) for the Guarantor’s 2012 fiscal year ending on or about September 30, 2012 and for each fiscal year thereafter, one hundred five percent (105%) of the Capital Expenditure Limit for the immediately preceding fiscal.
Capital Expenditure Limit means, for each period set forth in the table below, the sum of (a) the Dollar amount set forth in the table below opposite the applicable period (such Dollar amount as set forth for each such period herein the "Yearly Limit") plus (b) One Hundred percent (100%) of the portion of the Yearly Limit from the immediately preceding period which was not expended by Parent and the Subsidiaries in such preceding period (the amount calculated for any period under this clause (b), herein the "CARRYOVER AMOUNT"). In calculating compliance with this SECTION 10.6, (a) Capital Expenditures made in a period shall first be debited against the Yearly Limit for such period then debited against the Carryover Amount carried into such period, if any, from the preceding period pursuant to this SECTION 10.6, and (b) the aggregate amount of all payments due under a Capital Lease Obligation for the entire term thereof (excluding, however, the interest portion of capitalized lease payments) shall be considered expended in full on the date that the Capital Lease Obligation is entered into. ================================================================================ Period Amount ================================================================================ Calendar year ending December 31 2000 $7,000,000 -------------------------------------------------------------------------------- Each Fiscal Year thereafter $7,500,000 ================================================================================
Examples of Capital Expenditure Limit in a sentence
Capital expenditure limit of $1,000,000 for the fiscal years ending March 31, 2021 and 2022.
The ARCA was subject to the following major financial covenants: • Minimum fixed charge coverage ratio of 1.25|1, amended to 0.70|1 and 0.90|1 respectively for the quarters ended March 31, 2021 and June 30, 2021; • Maximum ratio of total liabilities to tangible net worth of 2.00|1; and • Capital expenditure limit of $1,000,000 for the fiscal years ended March 31, 2021 and 2022.
Capital expenditure limit of $1,000,000 for the fiscal years ending March 31, 2021 and 2022.For the rolling twelve-month period ended September 30, 2021, the Company was in breach of its fixed charged covenant ratio.
More Definitions of Capital Expenditure Limit
Capital Expenditure Limit is defined in Section 7.2.7.
Capital Expenditure Limit means the sum of (1)(a) $1.0 million, plus (b) the amount of fees and expenses paid (to the extent classified under GAAP as Capital Expenditures) in connection with the issuance of the Notes and the Subordinated Notes and with efforts to refinance the Existing Notes, without duplication, (i) pursuant to the terms of the engagement letter, dated February 22, 2011, among the Authority, the Tribe, Merrill Lynch, Pierce Fenner & Smith Incorporated and Credit Suisse Securities (USA) LLC (ii) to the financial advisors and legal counsel to the Authority and the Tribe, (iii) to the trustee for the Existing Notes and the Trustee, (iv) to Moody’s and S&P and (v) to the legal advisors to the holders of the Existing Notes, plus (2) $5.0 million during each fiscal year commencing January 1, 2012, plus (3) $500,000 in the aggregate for improvements on the Proschold Property that are not related to the Emergency Vehicle Access Road, plus (4) up to $5.0 million in the aggregate for development and construction of the Emergency Vehicle Access Road; provided that any unused amounts pursuant to clauses (1)(a) and (2) of this definition up to $5.0 million in the aggregate may be carried forward and utilized in any succeeding period; provided, further, that payments made by the Authority pursuant to clauses (4) and (6) of the definition of “Permitted Payments” shall not be deemed to be Capital Expenditures for purposes of this definition.
Capital Expenditure Limit means (i) for the 1999 Fiscal Year, Cdn.$45,000,000, (ii) for the 2000 Fiscal Year, the sum of (A) Cdn.$25,000,000 plus (B) the lesser of (1) Cdn.$10,000,000 or (2) the amount, if any, by which (x) Cdn.$45,000,000 exceeds (y) the actual aggregate amount of all Capital Expenditures made by the Gerdau Canada Group during the 1999 Fiscal Year or, if (x) does not exceed (y), nil and (iii) for any Fiscal Year subsequent to the 2000 Fiscal Year, the sum of (A) Cdn.$25,000,000 plus (B) the lesser of (1) Cdn.$10,000,000 or (2) the amount, if any, by which (x) Cdn.$25,000,000 exceeds (y) the actual aggregate amount of all Capital Expenditures made by the Gerdau Canada Group during the immediately prior Fiscal Year or, if (x) does not exceed (y), nil;
Capital Expenditure Limit means, with respect to each fiscal year, the Yearly Limit for such fiscal year plus the Carryover Amount.
Capital Expenditure Limit means $30,000,000 for the Borrower's fiscal year 1997 and, for each subsequent fiscal year, an amount mutually agreed upon by the Borrower and the Required Lenders; provided, however, that if on or prior to the sixtieth (60th) day following the end of the prior fiscal year, the Borrower and the Required Lenders are unable to agree, in writing, upon the appropriate level of Capital Expenditures for the immediately succeeding fiscal year, the Required Lenders may, in their discretion, declare an Event of Default as of such date."
Capital Expenditure Limit means, for the Fiscal Years set forth above, the sum of (i) the Dollar amount set forth in the table above opposite the applicable Fiscal Year (the Dollar amount as set forth for each Fiscal Year herein the "Yearly Limit") plus (ii) fifty percent (50%) of the portion of the Yearly Limit from the immediately preceding Fiscal Year which was not expended by Parent and its Subsidiaries for Capital Expenditures in such preceding Fiscal Year. In calculating compliance with this Section 7.9, (a) Capital Expenditures made in a Fiscal Year shall first be debited against the Yearly Limit for such Fiscal Year then debited against the carryover of the Yearly Limit, if any, from the preceding Fiscal Year and (b) the aggregate amount of all payments due under a Capital Lease for the entire term thereof (excluding, however, the interest portion of capitalized lease payments) shall be considered expended in full on the date that the Capital Lease is entered into.
Capital Expenditure Limit means, as of the end any fiscal quarter, for the twelve month period then ended, the greater of (a) 75% of the Company’s consolidated EBITDA for the twelve month period then ended and (b) $100,000,000.