Excess Expenditures shall have the meaning set forth in Section 2.

Excess Expenditures means the amount under A.R.S. § 42-17051(C) that is certified by the Auditor General’s office.

Excess Expenditures means the difference between:

Examples of Excess Expenditures in a sentence

Excess expenditures, made in any given year, will be credited to future years of exploration of the Troilus North Property.
Excess expenditures from year one can be applied to year two.Altiplano has the right to cancel the option if the Company does not start a drilling program by February 26, 2020.As of October 31, 2019, there were no current or future planned exploration activities on the Cordero Project and accordingly the Company has returned the Cordero Project to Altiplano and has reduced the carrying value to $Nil.
Excess expenditures of the fund are financed with a transfer from the general fund.
Excess expenditures made on a concession in any one year may be carried over in partial fulfillment of the expenditure obligation for the following year.
Excess expenditures may be carried forward to meet expenditure requirements in future years.

More Definitions of Excess Expenditures

Excess Expenditures means that portion of costs of Cost Shareable Infrastructure which exceeds a developer’s proportionate share of the infrastructure costs. In the absence of the RIS Fund, Excess Expenditure costs for Cost Shareable Infrastructure are recovered from Subsequent Developers through charges to Subsequent Developers as conditions of their subdivisions or development permits.

Excess Expenditures means the amount certified by the Auditor General’s office.

Excess Expenditures shall have the meaning set forth in section 5.1.

Excess Expenditures means the amount by which all Cap Ex Expenditures exceed $486,251.

Excess Expenditures shall have the meaning set forth in Partnership Agreement.

Excess Expenditures means, for each calendar year (commencing with 1998) or portion thereof, the excess of (a) the capital expenditures (including without limitation interest) made by the Partnership as reasonably determined by the General Partner to be reasonably required in respect of the Property for such calendar year or portion thereof over (b) four (4) percent of the Gross Revenues (as defined in the Management Agreement) from the Property for such calendar year or portion thereof (annualized for partial years).

Excess Expenditures is defined in Section 2.6(b).