Consolidated Growth Capital Expenditures definition

Consolidated Growth Capital Expenditures means Capital Expenditures of the Borrower and its Subsidiaries on a consolidated basis for growth (including, but not limited to, New Construction, expenditures for increases to restaurant capacity and expenditures in connection with Permitted Acquisitions).
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Consolidated Growth Capital Expenditures for any period, all Capital Expenditures of the Borrower and its Subsidiaries for such period representing the purchase price for, or other costs associated with the acquisition, construction or expansion of, a facility owned or operated by the Borrower or any Subsidiary; provided, that in determining Consolidated Growth Capital Expenditures for any period which includes any date on or prior to the date of Disposition of the Transferred Properties, all Capital Expenditures that are attributable to the Transferred Properties shall not be included.
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Consolidated Growth Capital Expenditures means, for any period, (a) any Capital Expenditures relating to the construction or opening of new restaurants owned or operated by Borrower or any of its Subsidiaries or the remodeling of restaurants owned or operated by Borrower or any of its Subsidiaries less (b) any capitalized interest expense with respect to expenditures described in the foregoing clause (a).
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Examples of Consolidated Growth Capital Expenditures in a sentence

  • Make or commit to make any Capital Expenditure, except (a) Consolidated Maintenance Capital Expenditures of the Borrower and its Subsidiaries in the ordinary course of business, (b) Capital Expenditures made with the proceeds of any Reinvestment Deferred Amount and (c) Consolidated Growth Capital Expenditures to the extent permitted by Section 7.8(h).

  • Make or commit to make any Capital Expenditure, except (a) Consolidated Maintenance Capital Expenditures of the Borrower and its Restricted Subsidiaries in the ordinary course of business, (b) Capital Expenditures made with the proceeds of any Reinvestment Deferred Amount and (c) Consolidated Growth Capital Expenditures to the extent permitted by Section 7.8(h).

  • The aggregate amount of all Consolidated Growth Capital Expenditures and Permitted Acquisitions shall not exceed $100,000,000; provided, that if immediately before and after giving effect to any such Consolidated Growth Capital Expenditures the Borrower’s Consolidated Leverage Ratio is less than 4.25 to 1.00, no such Dollar limit shall apply.

  • The Ventas Acquisition would cause the Borrower to exceed the limitation on Consolidated Growth Capital Expenditures set forth in section 8.16 of the Credit Agreement, and if the Ventas Acquisition were treated as an Investment it would not be permitted under Section 8.3 of the Credit Agreement.

  • Sections 3.2, 3.3, 6 (with respect to amounts that become due during the Term only), and 8 through 13 will survive any termination or expiration of this Agreement.

  • The proceeds of the Tranche A Term Loans made on the Closing Date shall be applied by Companies to (i) partially fund the Closing Date Acquisitions, (ii) refinance existing Indebtedness of the Companies, (iii) pre-fund certain Consolidated Growth Capital Expenditures, (iv) pay fees and expenses in connection with the transactions contemplated by this Agreement and (v) for working capital and other general corporate purposes.

  • Borrower will not make or permit Consolidated Growth Capital Expenditures in an aggregate amount exceeding Seven Million Dollars ($7,000,000) in any fiscal year.

  • The aggregate amount of Consolidated Capital Expenditures of the Borrowers and their Subsidiaries which are not Consolidated Growth Capital Expenditures Consolidated Net Income (or Deficit).

  • As used in this Agreement, "Consolidated Growth Capital Expenditures" means capital expenditures of Borrower and its subsidiaries relating to the construction, acquisition or opening of new stores operated by Borrower or any of its subsidiaries.

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More Definitions of Consolidated Growth Capital Expenditures

Consolidated Growth Capital Expenditures means, for any period, any Consolidated Capital Expenditures for such period relating to the construction or opening after the Closing Date of new Restaurants or the remodeling of any existing Restaurants.
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Consolidated Growth Capital Expenditures means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, all capital expenditures, as determined in accordance with GAAP, other than (a) Consolidated Maintenance Capital Expenditures, (b) any expenditures made with proceeds of any Involuntary Disposition to the extent such expenditures are used to purchase Property that is the same as or similar to the Property subject to such Involuntary Disposition and (c) Acquisitions consummated prior to the Closing Date and Permitted Acquisitions consummated after the Closing Date.
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Consolidated Growth Capital Expenditures means, as of any date of determination, Capital Expenditures in respect of new commitments for the purchase or other acquisition of any fixed or capital asset to be used for the development of new T.G.I. Friday’s Unit Locations by a Loan Party (including, without limitation, entering into any new lease, purchase agreement, construction contract or other arrangement relating to the acquisition, development, or build out of property in connection with the opening or anticipated opening of a new T.G.I. Friday’s Unit but excluding normal replacements and maintenance which are properly charged to current operations and expenditures made in compliance with any then existing binding commitments for the purchase or other acquisition or lease or other arrangement for the development of new T.G.I. Friday’s Unit Locations).
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Consolidated Growth Capital Expenditures means, for any period, any Capital Expenditures for such period relating to (i) the construction or opening after the Closing Date of new Restaurants, (ii) the remodeling of any existing Restaurants or (iii) improvements to the headquarters, distribution centers and/or warehouses of the Borrower and its Subsidiaries. For the avoidance of doubt, Capital Expenditures occurring prior to December 31, 2024 related to the replacement of building and monument signs at Good Times Burgers & Frozen Custard restaurants shall be included in this definition hereof.
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Consolidated Growth Capital Expenditures means, for any period, the sum of the following determined on a Consolidated basis for such period, without duplication, for the Borrower and its Subsidiaries in accordance with GAAP: (a) any Capital Expenditures relating to the construction or opening of new restaurants owned or operated by Borrower or any of its Subsidiaries or the remodeling of restaurants owned or operated by Borrower or any of its Subsidiaries during such period, less (b) any capitalized interest expense during such period with respect to expenditures described in the foregoing clause (a).
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Related to Consolidated Growth Capital Expenditures

  • Consolidated Capital Expenditures means, for any period, the aggregate of all expenditures of Company and its Subsidiaries during such period determined on a consolidated basis that, in accordance with GAAP, are or should be included in “purchase of property and equipment or similar items”, or that should otherwise be capitalized, as reflected in the consolidated statement of cash flows of Company and its Subsidiaries.

  • 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.

  • Consolidated Maintenance Capital Expenditures means, for any period, the aggregate amount of expenditures for additions to property, plant, and equipment that are not Consolidated Expansion Capital Expenditures.

  • Investment Capital Expenditures means capital expenditures other than Maintenance Capital Expenditures and Expansion Capital Expenditures.

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • 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.

  • 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).

  • 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.

  • Non-Financed Capital Expenditures means, for any period, Capital Expenditures during such period other than Capital Expenditures funded with the proceeds of Indebtedness (excluding ABL Revolving Loans).

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • Unfunded Capital Expenditures means capital expenditures made from the Borrower’s funds other than funds borrowed as term debt to finance such capital expenditures.

  • Consolidated Rental Expense means, for any period, on a consolidated basis for the Company and its Subsidiaries, the aggregate amount of fixed and contingent rentals payable in cash by the Company and its Subsidiaries with respect to leases of real and personal property (excluding capital lease obligations) determined in accordance with GAAP for such period (subject to Section 1.04(b)).

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • 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).

  • Consolidated Net Working Capital means (a) all current assets of the Company and its Restricted Subsidiaries except current assets from Oil and Gas Hedging Contracts, less (b) all current liabilities of the Company and its Restricted Subsidiaries, except (i) current liabilities included in Indebtedness, (ii) current liabilities associated with asset retirement obligations relating to oil and gas properties and (iii) any current liabilities from Oil and Gas Hedging Contracts, in each case as set forth in the consolidated financial statements of the Company prepared in accordance with GAAP (excluding any adjustments made pursuant to FASB ASC 815).

  • Consolidated Cash Flow means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Consolidated Working Capital means, as at any date of determination, the excess of Current Assets over Current Liabilities.

  • Consolidated Depreciation and Amortization Expense means, with respect to any Person for any period, the total amount of depreciation and amortization expense, including the amortization of deferred financing fees or costs, capitalized expenditures, customer acquisition costs and incentive payments, conversion costs and contract acquisition costs, the amortization of original issue discount resulting from the issuance of Indebtedness at less than par and amortization of favorable or unfavorable lease assets or liabilities, of such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP.

  • Consolidated Cash Interest Expense means, for any period, Consolidated Interest Expense for such period, excluding any amount not payable in Cash.

  • Consolidated Rent Expense means, for any period, the rental expense attributable to leases of real property that is deducted in determining Adjusted Consolidated Net Income for such period, determined on a consolidated basis in accordance with GAAP. Consolidated Rent Expense shall be determined on a pro forma basis to give effect to any Material Specified Transaction occurring during such period as if such transactions had occurred on the first day of such period.

  • Consolidated Amortization Expense means, for any period, the amortization expense of Borrower and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Total Funded Indebtedness (i) obligations under any derivative transaction or other Hedging Agreement, (ii) undrawn Letters of Credit, (iii) Earn-Outs to the extent not then due and payable and if not recognized as debt on the balance sheet in accordance with GAAP and (iv) leases that would be characterized as operating leases in accordance with GAAP on the date hereof.

  • 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.

  • Consolidated Cash Interest Charges means, for any Measurement Period, all Consolidated Interest Charges paid or payable in cash by Holdings and its Subsidiaries on a consolidated basis.