Maintenance and Capital Expenditures Amount definition

Maintenance and Capital Expenditures Amount means (i) the aggregate amount of all funds actually expended by Seller (and amounts due from Seller to third parties at the time of the Closing in respect of work actually performed by such third parties, to the extent such amounts are not Assumed Liabilities) with respect to Maintenance Expenditures and Capital Expenditures in each case which are identified in the Budget during the period beginning on the date one (1) year prior to the Closing and ending on the Closing (or such shorter period if the Closing occurs less than one year from the date hereof) up to but not exceeding $6,380,000 in the aggregate; and (ii) 85% of all Emergency Expenditures made by Seller in accordance with Section 4.13 (if any, during such one (1) year (or shorter) period described above). The Maintenance and Capital Expenditures Amount shall not include any Capital Expenditures ,Maintenance Expenditures or Emergency Expenditures with respect to assets or properties that are not transferred to Purchaser under this Agreement.
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Maintenance and Capital Expenditures Amount means the aggregate amount of all funds actually expended on, or for which liabilities were accrued in accordance with generally accepted accounting principles applied on a consistent basis with respect to, Maintenance Expenditures and Capital Expenditures by the Sellers, if any, during the period beginning on the date hereof and ending on the Closing Date.
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Maintenance and Capital Expenditures Amount means the aggregate amount of all funds actually expended on, or for which liabilities were accrued in accordance with generally accepted accounting principles applied on a consistent basis with respect to any maintenance expenditures and capital expenditures beginning on the date of this Agreement and ending on the Closing Date, excluding (i) any unscheduled maintenance expenditures or capital expenditures which are made by the Seller with the Buyer's consent, which shall not be unreasonably withheld (ii) any maintenance expenditures or capital expenditures made by Seller in breach of Section 7.1, but including (i) any Scheduled Maintenance Expenditures or Scheduled Capital Expenditures, made with respect to the Purchased Assets by the Seller, and (ii) any maintenance expenditures and capital expenditures which were made by the Seller at the Buyer's request, beginning on the date of this Agreement and ending on the Closing Date.
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Examples of Maintenance and Capital Expenditures Amount in a sentence

  • In the event of a dispute with respect to the Inventory Adjustment Amount, the Materials and Supplies Adjustment Amount or the Maintenance and Capital Expenditures Amount, the Buyer and the Seller shall attempt to reconcile their differences and any resolution by them as to any disputed amounts shall be final, binding and conclusive on the parties.

  • The Inventory Adjustment Amount and the Maintenance and Capital Expenditures Amount for the Closing are referred to collectively as the "Adjustment Amount." The Inventory Adjustment Amount will be based on an inventory survey conducted by MPC within five days prior to the Closing consistent with MPC's current inventory procedures (the "Inventory Survey").

  • The Inventory Adjustment Amount and the Maintenance and Capital Expenditures Amount for the Closing is referred to collectively as the "Adjustment Amount." The Inventory Adjustment Amount will be based on an inventory survey conducted by Seller within five days prior to the Closing consistent with Seller's current inventory procedures (the "Inventory Survey").

  • The Inventory Adjustment Amount and the Maintenance and Capital Expenditures Amount for the Closing is referred to collectively as the "Adjustment Amount." The Inventory Adjustment Amount will be based on an inventory survey conducted within five days prior to the Closing Date consistent with current NEP inventory procedures (the "Inventory Survey").

  • The Inventory Adjustment Amount and the Maintenance and Capital Expenditures Amount are referred to collectively as the "Adjustment Amount." The Inventory Adjustment Amount will be based on an inventory survey conducted within five (5) Business Days prior to the Closing Date consistent with Sellers' current inventory procedures, and Buyer will be entitled to have a Buyer Representative observe such inventory survey.

  • Within 3 days after receipt from the Seller of written notice of the amount thereof, the Buyer shall pay to the Seller the Maintenance and Capital Expenditures Amount applicable to the Purchased Assets.

  • The aggregate amount of all such per barrel payments is the "Oil Inventory Adjustment Amount." The Maintenance and Capital Expenditures Amount, the Oil Inventory Adjustment Amount (if positive) and the ETC Adjustment shall be additions to the Purchase Price and the Oil Inventory Adjustment Amount, if negative, shall be a subtraction from the Purchase Price.

  • The Oil Inventory Adjustment Amount, the Maintenance and Capital Expenditures Amount and the ETC Adjustment are referred to collectively as the "Adjustment Amount." Each Adjustment Statement shall be prepared using the same generally accepted accounting principles, policies and methods as the Seller has historically used in connection with the calculation of the items reflected on such Adjustment.

  • The Inventory Adjustment Amount and the Maintenance and Capital Expenditures Amount for the Closing are referred to collectively as the "Adjustment Amount." The Inventory Adjustment Amount will be based on a fuel inventory survey conducted within five days prior to the Closing Date consistent with current inventory procedures of the Sellers (the "Inventory Survey").

  • The sum of the Inventory Adjustment Amount, the Maintenance and Capital Expenditures Amount and the ETC Adjustment is referred to as the "Adjustment Amount." Each Adjustment Statement shall be prepared using the same generally accepted accounting principles, policies and methods as the Seller has historically used in connection with the calculation of the items reflected on such Adjustment.


More Definitions of Maintenance and Capital Expenditures Amount

Maintenance and Capital Expenditures Amount means the aggregate amount of all funds actually expended on, or for which liabilities were accrued in accordance with generally accepted accounting principles applied on a consistent basis with respect to any maintenance expenditures and capital expenditures beginning on the date of this Agreement and ending on the Closing Date, excluding any unscheduled maintenance expenditures or capital expenditures which are made by the Seller with the Buyer's consent, which shall not be unreasonably withheld, but including (i) any Scheduled Maintenance Expenditures or Scheduled Capital Expenditures, made with respect to the Purchased Assets by the Seller, and (ii) any maintenance expenditures and capital expenditures which were made by the Seller at the Buyer's request, beginning on the date of this Agreement and ending on the Closing Date.
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Maintenance and Capital Expenditures Amount means the aggregate amount of all funds actually expended (net of insurance recoveries) on, or for which liabilities were accrued in accordance with generally accepted accounting principles applied on a consistent basis (provided the Seller actually pays such accrued liabilities) with respect to Maintenance Expenditures and Capital Expenditures by the Seller, if any, during the period beginning January 1, 1999 and ending on the Closing Date (other than the Schaghticoke Pipeline Expenditures), but only to the extent that such amounts do not exceed the amounts scheduled therefor on Schedule 7.1.
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Maintenance and Capital Expenditures Amount means (i) the aggregate amount of all funds actually expended by Seller (and amounts due from Seller to third parties at the time of the Closing in respect of work actually performed by such third parties, to the extent such amounts are not Assumed Liabilities) with respect to Maintenance Expenditures and Capital Expenditures, in each case which are identified in the Budget, during the period beginning on the date one (1) year prior to the Closing and ending on the Closing (or such shorter period if the Closing occurs in less than one year from the date hereof) up to but not exceeding $23 million in the aggregate; and (ii) 85% of all Emergency Expenditures made by Seller in accordance with Section 4.14, if any, during such one (1) year (or shorter) period described above. The Maintenance and Capital Expenditures Amount shall not include any Capital Expenditures or Maintenance Expenditures or Emergency Expenditures with respect to assets or properties that are not transferred to Purchaser under this Agreement. "MPC 401(k) Plan" has the meaning ascribed to it in Section 5.03(a). "Non-Colstrip Pre-Closing Known and Unknown Remedial Liabilities means all Pre-Closing Known Remedial Liabilities and Pre-Closing Unknown Remedial Liabilities that are not Colstrip Pre-Closing Known and Unknown Remedial Liabilities.
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Maintenance and Capital Expenditures Amount means the aggregate amount of actual funds reasonably expended on, or for which liabilities were reasonably accrued in accordance with generally accepted accounting principles applied on a consistent basis with respect to (i) any Scheduled Maintenance Expenditures or Scheduled Capital Expenditures, made with respect to the Purchased Assets by the Seller beginning on January 1, 2001 and ending on the Closing Date; provided, however, that the portion of the Maintenance and Capital Expenditures Amount attributable to Scheduled Maintenance Expenditures shall be the lesser of (x) the actual amounts expended plus the accrued liabilities related thereto for the period beginning on January 1, 2001 and ending on the earlier of June 30, 2001 and the Closing Date and (y) Two Million Eight Hundred Thirty Thousand Dollars ($2,830,000), and (ii) any maintenance expenditures and capital expenditures which were made by the Seller at the Buyer's request, beginning on the date of this Agreement and ending on the Closing Date.
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Related to Maintenance and Capital Expenditures Amount

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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).

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

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.

  • 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).

  • 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 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.

  • Operating Expenditures means all Partnership Group expenditures, including, but not limited to, taxes, reimbursements of the General Partner, repayment of Working Capital Borrowings, debt service payments and capital expenditures, subject to the following:

  • 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).

  • Capital Expenditure means expenditure on: a) the acquisition of land and buildings; b) the erection, enlargement, improvement or demolition of any building including fixed plant, installation, wall, fence or other structure, or any playground or hard standing;

  • Adjusted Consolidated Working Capital means, at any time, Consolidated Current Assets (but excluding therefrom all cash and Cash Equivalents) less Consolidated Current Liabilities at such time.

  • 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.

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • local expenditures means expenditures in the currency of the Borrower or for goods or services supplied from the territory of the Borrower; and

  • Net Working Capital Target means $0.00.

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

  • Exploration Expenditures means the sum of all costs of acquisition and maintenance of the Property, all exploration and development expenditures and all other costs and expenses of whatsoever kind or nature including those of a capital nature, incurred or chargeable by KRC with respect to the exploration and development of the Property and the placing of the Property into Commercial Production.

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

  • Working Capital Target means $0.