Discretionary Capital Expenditures definition

Discretionary Capital Expenditures means Capital Expenditures made to acquire fee or perpetual easement interests with respect to any Ground Lease Site, one-time payments made to obtain long-term extensions of Ground Leases, or non-recurring expenditures made to enhance the Operating Revenues or decrease the Operating Expenses of a Site.

Discretionary Capital Expenditures means any Capital Expenditures (other than Capital Expenditures required to be incurred pursuant to the Project Agreement) that have been certified as being reasonable by the Lenders’ Technical Advisor.

Discretionary Capital Expenditures means Capital Expenditures relating to the construction of new property, additions to existing property and/or the acquisition of assets.

Examples of Discretionary Capital Expenditures in a sentence

• In this regard, TEPPCO agrees that it will obtain Dreyfus' prior approval of any financing to be entered into relating to Discretionary Capital Expenditures.

• Dreyfus will not be responsible for funding any of the operating or other costs of the MB Business during the Term except for Discretionary Capital Expenditures in accordance with Section 2.5(a) and, to the extent provided in Section 2.5(c), Mandatory Capital Expenditures, although the Parties recognize that operating and other costs may increase in the future, thereby impacting EBITDA and possibly the resulting payments to Dreyfus.

• Each Capital Budget for Discretionary Capital Expenditures shall be submitted to Dreyfus for approval, and upon approval, each Party shall be obligated to make such capital and other contributions as may be called for by the approved Budget.

• All Capital Contributions under Section 8.1(b)(i) shall be kept in a segregated account, shall not be commingled with other funds of the Partnership, shall be used only for Discretionary Capital Expenditures and shall not be included in Distributable Cash.

• All proceeds of Additional Senior Debt incurred to finance or refinance Mandatory Capital Expenditures or Discretionary Capital Expenditures pursuant to Section 2.09 shall be used solely to finance or refinance such Mandatory Capital Expenditures or Discretionary Capital Expenditures, as the case may be.

More Definitions of Discretionary Capital Expenditures

Discretionary Capital Expenditures means any expenditure related to the Partnership Business that is classified under GAAP as a capital expenditure and (i) is not a Mandatory Capital Expenditure, or (ii) if classified as a Mandatory Capital Expenditure, is associated or is in conjunction with, or is the result of, a prior or current Discretionary Capital Expenditure, in which case the portion of such Mandatory Capital Expenditure that is allocable to such prior or current Discretionary Capital Expenditure shall be classified as a Discretionary Capital Expenditure.

Discretionary Capital Expenditures is defined in Section 10.9(b).

Discretionary Capital Expenditures means all Capital Expenditures which are not Required Capital Expenditures.

Discretionary Capital Expenditures means any Capital Expenditures (other than Required Capital Expenditures, Emergency Capital Expenditures and Capital Expenditures financed with the proceeds of Equity Contributions made to the Company) incurred or expended in connection with any modification, alteration, addition or improvement to any Project that a Company Entity considers necessary or desirable in the proper conduct of its business and is not expressly prohibited under the Financing Documents.

Discretionary Capital Expenditures means capital expenditures (including any financing costs and related fees and expenses) other than Mandatory Capital Expenditures in respect of the Xxxxx Project that the Partnership may make at its discretion in accordance with the terms of this Agreement.

Discretionary Capital Expenditures means any Capital Expenditures set forth in any Financial Plan approved by the TIFIA Lender in accordance with Section 22(a) that are not Required Capital Expenditures or Major Maintenance Costs.

Discretionary Capital Expenditures means any expenditure related to the Partnership's assets that is classified under GAAP as a capital expenditure and (i) is not a Mandatory Capital Expenditure, or (ii) if classified as a Mandatory Capital Expenditure, is associated or is in conjunction with, or is the result of, a prior or current Discretionary Capital Expenditure, in which case the portion of such Mandatory Capital Expenditure that is allocable to such prior or current discretionary Capital Expenditure shall be classified as a Discretionary Capital Expenditure.