Capital Expense definition

Capital Expense. Not make any fixed capital expenditure or any commitment therefor, including, but not limited to, incurring liability for leases which would be, in accordance with generally accepted accounting principles, reported as capital leases, or purchase any real or personal property in an aggregate amount exceeding $5,000,000.00 in any one fiscal year.

Capital Expense for any period, and with respect to Real Property which is an Eligible Real Estate Asset during such period, the sum of all usual and recurring capital expenditures of the Borrower and its Subsidiaries made with respect to such Eligible Real Estate Asset during such period (excluding, without limitation, expenses for expansions of such Real Property, or any ground-up construction on such Real Property).

Capital Expense means any item of expense that, according to Generally Accepted Accounting Principles, is not properly deducted as a current expense on the books of the Hotel, but rather should be capitalized.

Examples of Capital Expense in a sentence

• Recommend acceptance of the following Financial Reports, High School Central Funds Report, Purchase Orders and Payment and Confirmation of Bills (Current Expense) and (Capital Expense).

• Expense Operating Expense, Capital Expense and Non-Operating Expense – Material variances are identified where, for the period being reported, the actual varies to the budget by an amount of (+) or (-) $25,000 and, in these instances, an explanatory comment has been provided.

• Capital Expense: All types of capital expenditures shall be recorded on a schedule and submitted with the Monthly Financial Reports package.

• General Services(to Sch V, col.7) STATE OF ILLINOIS Summary B Capital Expense PAGES 5 & 5A PAGE 6 PAGE 6A PAGE 6B PAGE 6C PAGE 6D PAGE 6E PAGE 6F PAGE 6G PAGE 6H PAGE 6ISUMMARY TOTALS(to Sch V, col.7) D.

• If Manager believes it is desirable to change the Rent Schedule or the Capital Expense Schedule, Manager shall provide written notice to Owner of the changes sought.

More Definitions of Capital Expense

Capital Expense means facilities or equipment with a unit cost over $500.00 and a useful life of more than one year, including buses and other vehicles, and related equipment needed to support the provision of transportation services.

Capital Expense means any expenditure that is either:

Capital Expense means repair or replacement of an asset that exceeds

Capital Expense. Not make any fixed capital expenditure or any commitment therefor, including, but not limited to, incurring liability for leases which would be, in accordance with generally accepted accounting principles, reported as capital leases, or purchase any real or personal property in an aggregate amount exceeding $10,000,000 in any one fiscal year, exclusive of acquisition financing. Provided that Borrower may make capital expenditures or commitments therefor in connection with acquisitions in an amount up to $3,000,000 without the Bank's approval (subject to the terms and conditions of the Term Loan Credit Agreement of even date between the Bank and the Borrower.

Capital Expense. Not make any fixed capital expenditure or any commitment therefor, including, but not limited to, incurring liability for leases which would be, in accordance with generally accepted accounting principles, reported as capital leases, or purchase any real or personal property in an aggregate amount exceeding $14,000,000.00 in any one fiscal year.

Capital Expense means any expenditure that is either: i. for the purchase of land and/or buildings, and/or for building improvements exceeding $300,000 and having a useful life equaling or exceeding five years, or ii. For municipal infrastructure and equipment exceeding $300,000 and having a useful life equaling or exceeding five years.

Capital Expense means any cost or expense treated as a capital cost or expense under GAAP.