Maintenance Capex definition

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

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

• Defined as Proportional Net Cash Provided by Operating Activities, less Maintenance Capex, which includes non-recoverable environmental capex.

• CAFD per Share defined as (LP/GP/IDR Distributions Received + EBITDA from Retained Assets – Maintenance Capex – Interest Expense – Taxes & Other – G&A) / Weighted Average Shares Outstanding.

• ILLUSTRATIVE INVESTMENT MANAGEMENT MODEL Assumptions Assumptions Cost of Debt 4.0% GP Commitment 2.5% of AUM (Equity) Maintenance Capex 5% of earnings Avg.

• Strong Capital Base Strong Adjusted EBITDA generation, moderate financial leverage and minimal off-balance sheet liabilities point to stronger free cash flow in 2014 $113.4 $135.8 $158.9 $151.9 ~$130.0 2009 2010 2011 2012 2013E Debt Obligations / Adjusted EBITDA* Adjusted EBITDA* Less Maintenance Capex * Adjusted EBITDA is a non-GAAP metric.

• EBITDA – Maintenance Capex) / Net Interest Expense 3.3x Sources ($MM) (%) Revolver ($85.0) (1) $0.0 0.0% Term Loan B $565.0 91.3% Additional Cash Equity $30.0 4.8% Cash from Patheon $24.0 3.9% Total Sources $619.0 100.0% Uses ($MM) (%) Banner Purchase Price $255.0 41.2% Refi.

More Definitions of Maintenance Capex

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, 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, for any period, the Capital Expenditures made by the Group Members that have been made for the purpose of tenant improvements, leasing commissions or replacing, maintaining, repairing, or upgrading existing properties.

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.

Maintenance Capex for any period, the Capital Expenditures made by Holdings, Borrower or any Restricted Subsidiary that have been made for the purpose of replacing, maintaining, repairing or upgrading existing Mines or to improve business efficiencies.