Examples of Funded Capital Expenditures in a sentence
Borrower shall not, nor shall it permit any of its Subsidiaries to, cause the aggregate Capital Expenditures (other than Debt Funded Capital Expenditures and Equity Funded Capital Expenditures) expended by the Borrower or any of its Subsidiaries in each fiscal year to exceed the CapEx Basket Amount.
These reductions are reflected in the summary tables below.Company Funded Capital Expenditures Test Year 2018SuburbanORASettlementAnnual Projects$ 8,968,000$ 5,893,732$ 7,828,879Planned Projects$ 9,960,994$ 6,524,296$ 9,510,994Pipeline Projects$14,186,000$ 2,988,187$ 4,972,000Total 2018 Company Funded Capital Expenditures$33,114,994$15,406,215$22,311,873 A.
No Credit Party shall, nor shall it permit any of its Subsidiaries to, cause the Capital Expenditures (other than Equity Funded Capital Expenditures or Capital Expenditures that constitute a Permitted Acquisition) expended by the Borrower or any of its Subsidiaries (a) in the fiscal year ending December 31, 2014, to exceed $60,000,000 in the aggregate, and (b) in each fiscal year ending after December 31, 2014, to exceed, in the aggregate, 75% of EBITDA for the immediately preceding fiscal year.
Beginning with the fiscal quarter of the Borrower ending December 31, 2023, make or commit to make any Funded Capital Expenditure, other than Funded Capital Expenditures of the Borrower not exceeding $9,000,000 in the aggregate for the period of the four fiscal quarters of the Borrower most recently ended.
Without duplication, the sum of the Borrower’s and its Subsidiaries’ Consolidated interest expense, Consolidated tax expense less any deferred portion of such tax expense, scheduled payments of principal of Consolidated Total Indebtedness, payments due under Capitalized Leases and Capital Expenditures which are not Funded Capital Expenditures during the relevant fiscal period.
No Credit Party shall, nor shall it permit any of its Restricted Subsidiaries to, cause the aggregate Capital Expenditures (other than Equity Funded Capital Expenditures and Capital Expenditures that constitute a Permitted Acquisition) expended by the US Borrower or any of its Restricted Subsidiaries to exceed $6,000,000 for the fiscal year ending 2016 and $10,100,000 for the fiscal year ending 2017.
No Credit Party shall, nor shall it permit any of its Restricted Subsidiaries to, cause the aggregate Capital Expenditures (other than Equity Funded Capital Expenditures and Capital Expenditures that constitute a Permitted Acquisition) expended by the US Borrower or any of its Restricted Subsidiaries in any fiscal year to exceed 75% of the US Borrower’s consolidated EBITDA (including Crest’s EBITDA on a pro forma basis for the fiscal year ended December 31, 2013) for the immediately prior fiscal year.
The ISO modifies Schedule 1 to indicate that those definitions will also apply through December 31, 2000.Finally, the amendments change one definition regarding Cash Funded Capital Expenditures that was applicable for only 1998 to be applicable to other years as well.
For the avoidance of doubt, to the extent that the Base Amount for any Fiscal Year was decreased as a result of a Boeing Funded Capital Expenditures Shortfall Event, upon the cure of the Boeing Funded Capital Expenditures Shortfall Event by the reimbursement by Seller in full of the Boeing Shortfall Amount, the Base Amount for such Fiscal Year shall be reinstated to the amount it would have been but for the Boeing Funded Capital Expenditures Shortfall Event.
No Credit Party shall, nor shall it permit any of its Restricted Subsidiaries to, expend any Capital Expenditure (other than Equity Funded Capital Expenditures); provided that (i) Borrower shall be in pro forma compliance with the covenants in Sections 6.17 and 6.18, and (ii) before and after giving effect thereto, no Default shall have occurred.