Capitalized Research and Development Costs definition

Capitalized Research and Development Costs means research and development costs that are required to be, in accordance with GAAP, capitalized.

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Capitalized Research and Development Costs means research and development costs that are required to be, in accordance with GAAP,

Examples of Capitalized Research and Development Costs in a sentence

Capitalized Research and Development Costs shall not exceed $12 million for the fiscal year ended in March 2005; the sum of (a) $10 million and (b) $12 million minus the amount of Capitalized Research and Development Costs for the fiscal year ended in March 2005, for the fiscal year ended in March 2006; and, for each fiscal year thereafter, the sum of $10 million and Retained Excess Cash Flow for the previous fiscal year.

More Definitions of Capitalized Research and Development Costs

Capitalized Research and Development Costs means, for any period, all research and development costs that are, or are required to be, in accordance with GAAP, reflected as capitalized costs on the consolidated balance sheet of the Borrower and the Restricted Subsidiaries. “Capitalized Software Expenditures” shall mean, for any period, the aggregate of all expenditures (whether paid in cash or accrued as liabilities) by the Borrower and the Restricted Subsidiaries during such period in respect of purchased software or internally developed software and software enhancements that, in conformity with GAAP, are or are required to be reflected as capitalized costs on the consolidated balance sheet of the Borrower and the Restricted Subsidiaries. The term “software” shall have the meaning ascribed to such term in the Security Agreement. “Captive Insurance Company” shall mean each Subsidiary of the Borrower formed from time to time that engages primarily in the business of insuring risks of the Borrower and its Subsidiaries. “Cash Collateral” shall have the meaning provided in Section 3.8(c). “Cash Collateralize” shall have the meaning provided in Section 3.8(c). “cash equivalents” shall have the meaning ascribed to such term under GAAP. “Cash Equivalents” shall mean: -18- #96562806v11

Capitalized Research and Development Costs means, for any period, the aggregate amount of all costs (whether paid in cash or accrued as liabilities) by the Borrower and its Subsidiaries during such period in respect of research and development that, in conformity with IFRS, are or are required to be reflected as capitalized costs on the consolidated balance sheet of the Borrower and its Subsidiaries.

Capitalized Research and Development Costs means research and development costs that are required to be, in accordance with GAAP, capitalized. “Capitalized Software Expenditures” means, for any period, the aggregate of all expenditures (whether paid in cash or accrued as liabilities) by a Person and its Restricted Subsidiaries during such period in respect of purchased software or internally developed software and software enhancements that, in conformity with GAAP, are or are required to be reflected as capitalized costs on the consolidated balance sheet of a Person and its Restricted Subsidiaries. “Cash Collateral Account” means a deposit account at a commercial bank selected by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent. “Cash Collateralize or Backstop” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the Administrative Agent or any L/C Issuer (as applicable) and the Revolving Credit Lenders, as collateral for L/C Obligations or obligations of Revolving Credit Lenders to fund participations in respect thereof, cash or deposit account balances denominated, in the case of collateral for L/C Obligations, in the Approved Currency in which the applicable Letter of Credit was issued, or, if the applicable L/C Issuer benefiting from such collateral agrees in its reasonable discretion, other credit support (including by backstopping with other letters of credit), in each case pursuant to documentation in form and substance reasonably satisfactory to (a) the Administrative Agent, (b) the applicable L/C Issuer and (c) the Borrower (which documents are hereby consented to by the Lenders). “Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. “Cash Equivalents” means any of the following types of Investments, to the extent owned by the Borrower or any Restricted Subsidiary: (1)