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.
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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.
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Examples of Closing Capital Expenditure Amount in a sentence

  • 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.

  • 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.

  • More information on obtaining, filing requirements and required documentation for these certificates is available on the website of certification bodies.

  • If the Estimated Aggregate Net Working Capital is a negative number, the Base Purchase Price payable at the Closing will be decreased by an amount equal to the absolute value of such Estimated Aggregate Net Working Capital.(b) Within 90 days after the Closing, Seller will prepare and deliver to Buyer a computation of the actual Aggregate Net Working Capital as of the Closing Date (the “Actual Aggregate Net Working Capital”) and of the Closing Capital Expenditure Amount (if any).


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) 66 % multiplied by the Capital Expenditure Amount of the Parnassos Business, plus (C) 66 % 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.
Sample 1
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.
Sample 1
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.
Sample 1

Related to Closing Capital Expenditure Amount

  • 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.

  • Working Capital Escrow Amount means $1,000,000.

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Closing Date Net Working Capital has the meaning set forth in Section 2.7(a).

  • Final Closing Working Capital has the meaning set forth in Section 2.4(e).

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • 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).

  • Target Working Capital Amount means $162,000,000.

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the open of business on the Closing Date.

  • Closing Net Working Capital means the Net Working Capital as of the open of business on the Closing Date.

  • Working Capital Deficit means the amount by which the Working Capital is less than the Target Working Capital Amount.

  • 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.

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

  • Working Capital Adjustment Amount means an amount equal to the difference between (i) the Working Capital of the Company as of the Closing Date and (ii) the Estimated Working Capital Amount. For the avoidance of doubt the Working Capital Adjustment Amount may be a negative number.

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Target Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • 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).

  • Target Net Working Capital Amount means an amount equal to $23,085,000.00.

  • Closing Cash Amount has the meaning set forth in Section 2.2.

  • 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.

  • Estimated Closing Indebtedness has the meaning set forth in Section 2.4(a).

  • 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.

  • Working Capital Amount means the difference between (x) the total current assets of the Company and its Subsidiaries and (y) the total current liabilities (other than the New Company Debt, the Existing Company Debt and Deal Expenses) of the Company and its Subsidiaries (in each case calculated in accordance with GAAP immediately prior to the Effective Time and after giving effect to the Contribution, the Distribution and the disposition of cash and cash equivalents contemplated by Section 6.24).