Maintenance Capex definition

Maintenance Capex means the amount, expressed in national currency, of the investments in maintenance executed in the Fiscal Year.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Maintenance Capex means all Capital Expenditures made for the purpose of maintaining (and not increasing) the operating capacity of the Pool Vessels during the twelve (12) calendar months immediately preceding any date of determination thereof.

Maintenance Capex means Capital Expenditures for any period minus the corresponding increase in Long-Term Debt and/or Long-Term Leases for the same period.

Examples of Maintenance Capex in a sentence

• The Company Business Plan in effect as of the date hereof (the “Initial Company Business Plan”) is attached as Exhibit D hereto, and the 2015 Annual Consolidated Fixed Operating Expense Budget and the 2015 Annual Consolidated Maintenance Capex Budget are attached as Exhibits E and F hereto, respectively.

• Management shall also annually recommend for Board approval a final Annual Consolidated Fixed Operating Expense Budget and a final Annual Consolidated Maintenance Capex Budget for the following fiscal year and an extension to the Company Business Plan to roll the plan forward for an additional fiscal year.

• The 2015 Annual Consolidated Maintenance Capex Budget: $159,289,000.

• If the Maintenance Capex Difference is positive, such difference shall be credited to Seller on the Closing Date, and if it is negative, such difference shall be credited to Purchaser on the Closing Date.

More Definitions of Maintenance Capex

Maintenance Capex means, for any period, the aggregate amount of Capital Expenditures made during such period for the purpose of maintaining, or extending the useful life of, any capital asset (which do not otherwise constitute normal replacements and maintenance which are properly charged to current operations).

Maintenance Capex means the sum of $10,000,000 or such greater sum as the Required Lenders shall in their discretion determine from time to time based upon the annual budget of the Borrower.

Maintenance Capex means Capital Expenditures that American Vanguard and its Subsidiaries reasonably have projected and incurred in the ordinary course of business to replace and maintain their respective properties in substantially the same condition and manner as in effect on the Closing Date. “Maintenance CAPEX” does not include Capital Expenditures projected or incurred that materially expand or improve properties.

Maintenance Capex means for any period and for any Project Holding Company or Project Company, the consolidated Capital Expenditures of such Project Holding Company or Project Company and its Subsidiaries for such period made in the ordinary course to maintain the revenue generating capability of its existing assets or made in the ordinary course to maintain its existing assets to their then current state or working order.

Maintenance Capex means any Capital Expenditure incurred to renew, repair or maintain currently owned equipment or facilities.

Maintenance Capex means Capital Expenditures by MLP, Borrower or any Subsidiary (i) necessary to maintain current or currently expected production volumes from ▇▇▇▇▇ currently producing and the 108 ▇▇▇▇▇ to be completed in connection with the Well Completion Undertaking, (ii) to extend or renew Hydrocarbon leases for Oil and Gas Properties that are expiring or have expired, and (iii) to drill ▇▇▇▇▇ to maintain Hydrocarbon leases for Oil & Gas Properties that would terminate if a well were not drilled.”

Maintenance Capex means all Capital Expenditures of Aracruz Celulose and its Subsidiaries and Affiliates made relating to the repair or maintenance, including advancements or upgrades directly relating thereto, of Aracruz Celulose’s or any of its Subsidiaries’ fixed or capital assets or other property, plant and equipment in the ordinary course of business, taking into account, among other things, advancements or upgrades in technology and environmental considerations.