Emergency Capital Expenditures means those Capital Expenditures believed by the Company or the applicable Project Company in its good faith judgment to be required to be expended as a result of the occurrence of an unanticipated event in order to prevent or mitigate an emergency situation involving endangerment of life, human health, safety or the environment or damage to Property; provided that such expenditures shall be in an aggregate amount not to exceed $10.0 million in any consecutive 12-month period.
Emergency Capital Expenditures means any Capital Expenditures that are incurred in response to and to resolve or mitigate an emergency or threat to human health, safety or protection of the environment, as determined by the Borrower in good faith in consultation with the Administrative Agent, or to the extent required under any applicable law, rule or regulation of any Governmental Authority (including Environmental Laws).
Emergency Capital Expenditures. Capital Expenditures required to take necessary or appropriate actions to respond to Emergency Situations.
Examples of Emergency Capital Expenditures in a sentence
Emergency Capital Expenditures (see also: Capital Spending Plan)[Reaffirmed in Motion 102-27D (March 1999); adopted in Motion 100-14C (March 1998).] The Board authorizes the Executive Committee to approve emergency capital expenditures not included in the annual Capital Spending Plan, provided that sufficient funds are available.
BCTC states that Emergency Capital Expenditures are not addressed in the capital portfolios since they are unplanned events which result in a loss or reduction of service or present an unsafe condition.
Commission Determination The Commission Panel agrees that Emergency Capital Expenditures should not be forecast in capital portfolios and should continue to be the subject of requests for approval of expenditures subsequent to the completion of repairs.
The Commission Panel directs BCTC to track past years’ approved Emergency Capital Expenditures and report these as a separate line item when tracking Sustaining Capital Expenditures, as was done in Table 9-1 of the Application.
BCTC did not identify any prior period Emergency Capital Expenditures for which it was seeking approval (Exhibit B-1, pp.
More Definitions of Emergency Capital Expenditures
Emergency Capital Expenditures means those Capital Expenditures required to be expended consistent with Prudent Utility Practice in order to prevent or mitigate an Emergency that, in the good faith judgment of the Clean Line Entities (as subsequently confirmed by an Independent Engineer), necessitates the taking of immediate measures to prevent or mitigate such Emergency; provided that such expenditures are (a) payable under an insurance policy (in an aggregate amount not to exceed $5,000,000 in any 12-month period); (b) payable by insurance or a warranty provided under any Project Contract (in an aggregate amount not to exceed $5,000,000 in any 12-month period); (c) in an amount that does not exceed $2,000,000 in any 12-month period; or (d) otherwise reasonably necessary to prevent or mitigate an Emergency.
Emergency Capital Expenditures means all Capital Expenditures which ------------------------------ are required on an emergency or expedited basis (a) that the Borrower determines in good faith to be necessary to comply with or avoid penalties or other sanctions under any law, regulation, order, settlement or judgment applicable to the Borrower or any of its Subsidiaries or by which any of their properties may be bound, (b) which are necessary to the operation of any Hotel or other Real Property, whether or not in the ordinary course of business, (c) made to avoid loss or damage to life or property or material interruption of business or (d) to be made to complete a project at a time that Permitted Expenditures could not be made in such amount pursuant to Section 6.06(h).
Emergency Capital Expenditures means capital expenditures required to be made to prevent or mitigate an emergency situation in respect of the Facility.
Emergency Capital Expenditures means those major repairs and replacements to the property, plant, equipment and fixtures of a Hotel, other than those repairs and replacements identified on the property condition reports that are listed on Schedule 2.6(c), which (a) result from an acute failure of any such property, plant, equipment or fixtures that are necessary to the Hotel’s continued operation, or are necessary to prevent injury to its guests, invitees or employees or (b) are required to resolve citations from a Governmental Authority for failure to comply with applicable Law (each, an “Emergency Event”).
Emergency Capital Expenditures means any emergency capital expenditures performed by Seller that are (i) necessary to prevent an immediate threat to the health or safety of any person or to prevent or remedy a breach by a Seller under a Lease, or (ii) necessary to make any repairs resulting from the occurrence of any damage or destruction by casualty or other causes or events beyond the control of the applicable Seller.
Emergency Capital Expenditures means any emergency capital expenditures performed by Seller that are reasonably necessary to prevent an immediate threat to the health or safety of any person. Prior to the Closing Date, Seller shall have the right, but not the obligation (except to the extent that Seller's failure to act shall constitute a waiver of such rights or remedies), to apply all or any portion of any security deposits then held by Seller toward any loss or damage incurred by Seller by reason of any defaults by any tenant, provided, that with respect to any application by Seller of tenant security deposits held by Seller, the Seller will deliver, in connection with any such application, written notice to the affected tenant(s) indicating that their security deposits have been or are being so applied. Seller shall provide Buyer with written notice of any action taken by Seller pursuant to the foregoing provisions.
Emergency Capital Expenditures means expenditures relating to or arising out of an emergency situation with respect to the Facilities or their operation that are necessary to the continued operation of the Facilities at the time of such expenditure or for the safety or protection of Residents at the time of such expenditure.