Closing Capital Expenditure Amount definition

Closing Capital Expenditure Amount means, as to each Specified Business, the sum of all capital expenditures incurred by Seller and its Affiliates in respect of such Specified 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 Closing Capital Expenditure Amount only to the extent that Buyer shall have consented to such expenditures prior to the incurrence thereof.

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Closing Capital Expenditure Amount means the positive difference, if any, between (i) the scheduled capital expenditures (excluding capital expenditures for new business) for the Companies on a cumulative basis from January 1, 2008 through the Closing Date as set forth on Schedule 6.2(a)(xii), with such cumulative amount equal to the scheduled cumulative expenditure balance for the month of Closing Date, multiplied by the cumulative number of days from January 1, 2008 through the Closing Date divided by the cumulative number of days from January 1, 2008 through the last day of the month of that the Closing Date occurs; minus (ii) the actual capital expenditures (excluding capital expenditures for new business) made by the Companies on a cumulative basis from January 1, 2008 through the Closing Date. For the avoidance of doubt, if the calculation in the immediately preceding sentence results in a negative value, then the Closing Capital Expenditure Amount shall be zero.

Closing Capital Expenditure Amount means (i) with respect to the Group 1 Business, the sum of (A) 75% multiplied by the Capital Expenditure Amount of the Century Business, plus (B) 662¤3% multiplied by the Capital Expenditure Amount of the Parnassos Business, plus (C) 662¤3% multiplied by the Capital Expenditure Amount of the Western Business, plus (D) the Capital Expenditure Amount of the Group 1 Remainder Business and (ii) with respect to the Group 2 Business, the Capital Expenditure Amount of the Group 2 Business.

Examples of Closing Capital Expenditure Amount in a sentence

If the amount of the Estimated Aggregate Net Working Capital, minus the sum of (x) the Actual Aggregate Net Working Capital, less (ii) the Closing Capital Expenditure Amount (if any), is a negative number, then Buyer shall be obligated to pay Seller a cash payment equal to the absolute value of such negative number.
If, following the determination of the Actual Aggregate Net Working Capital and the Closing Capital Expenditure Amount (as agreed between the Parties or as determined by the Independent Accounting Firm), the amount of the Estimated Aggregate Net Working Capital, minus the sum of (i) the Actual Aggregate Net Working Capital, less (ii) the Closing Capital Expenditure Amount (if any), is a positive number, then Seller shall be obligated to pay Buyer a cash payment equal to such positive number.
For the avoidance of doubt, after taking into account the payment of the Estimated Aggregate Net Working Capital and the mechanics of this Section 2.2, the aggregate payment made by Buyer to Seller with respect to Aggregate Net Working Capital and the Closing Capital Expenditure Amount shall be an amount equal to the Actual Aggregate Net Working Capital less the Closing Capital Expenditure Amount (if any).
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 Closing Capital Expenditure Amount

Closing Capital Expenditure Amount means (i) with respect to the Group 1 Business, the sum of (A) 75% multiplied by the Capital Expenditure Amount of the Century Business, plus (B) 662□ 3% multiplied by the Capital Expenditure Amount of the Parnassos Business, plus (C) 662□ 3% multiplied by the Capital Expenditure Amount of the Western Business, plus (D) the Capital Expenditure Amount of the Group 1 Remainder Business and (ii) with respect to the Group 2 Business, the Capital Expenditure Amount of the Group 2 Business.

Closing Capital Expenditure Amount has the meaning set forth in Section 1.3(b).

Closing Capital Expenditure Amount means an amount equal to the sum of (i) all capital expenditures paid, or incurred or accrued as current liabilities in accordance with GAAP, by the Company and the Company Subsidiaries consistent with Section 4.2(p) of the Company Disclosure Letter (and excluding any amounts paid, or incurred or accrued as current liabilities in accordance with GAAP, in connection with any casualty or damage) and (ii) all amounts paid, or incurred or accrued as current liabilities in accordance with GAAP, under third-party license agreements, consistent with Section 4.2(p) of the Company Disclosure Letter during the period commencing on January 1, 2011 and up to and including the earlier of (x) the Closing Date and (y) December 31, 2011.

Closing Capital Expenditure Amount means the cumulative amount of Capital Expenditures made by Seller or any of its Affiliates with respect to the Acquired Business, after December 31, 2025, until the Closing Date, as determined in accordance with the Accounting Principles, less an aggregate amount of $500,000 for each month (pro rated for any portion of a month) after December 31, 2025, until the Closing Date (representing the change in accumulated depreciation). For the avoidance of doubt, any amounts included in the calculations of Closing Net Indebtedness and Closing Net Working Capital, in each case, shall not be included in the calculation of the Closing Capital Expenditure Amount for the purposes of this Agreement.

Closing Capital Expenditure Amount means the sum of all capital expenditures incurred by the Insight Companies in respect of the Business consistent with the Budget (on an aggregate basis) and in the Ordinary Course (and excluding any amounts incurred or paid in connection with any casualty or damage), subsequent to June 30, 2011 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 shall be included in the determination of Closing Capital Expenditure Amount only to the extent that Buyer shall have consented to such expenditures prior to the incurrence thereof.