Major Capital Expenditure definition

Major Capital Expenditure means any project or expenditure

Major Capital Expenditure means (a) any Capital Expenditure expected to result in a significant change in the use of any portion of the Facility intended to materially alter or enhance an existing use (including, by way of example and not limitation, the conversion of a typical hotel dining facility to a nationally-known, premium-quality restaurant); (b) any and all Capital Expenditures with respect to one or more new revenue-generating buildings, rooms, facilities, amenities, or structures constituting any portion of the Facility (including, by way of example and not limitation, the construction of a new wing or new story), or the renovation, material expansion, construction, or conversion of existing improvements of the Facility in order to increase the room capacity of the Facility, or to provide a functionally new facility needed to provide services not previously offered; or (c) any and all Capital Expenditures which, individually or in a series of related expenditures, have a total cost of completion in excess of the lesser of (i) seven and one- half percent (7.5%) of Gross Revenues for the Fiscal Year ending immediately prior to such expenditure, or (ii) $5,000,000. Notwithstanding the foregoing, in no event shall Major Capital Expenditures include any room, lobby, or ballroom refurbishments in the ordinary course or any other Routine Capital Expenditures.

Major Capital Expenditure means the investment by JAGOTEC at the Manufacturing Site including in equipment, zoning and any utilities, totalling in excess of […***…] for the expansion of overall capacity for the manufacture of Product (as opposed to mere replacement).

Examples of Major Capital Expenditure in a sentence

• Operator shall not make any Major Capital Expenditure without Owner’s prior written approval even if such Major Capital Expenditure is contemplated in the then applicable Approved Annual Plan and Operator shall provide details and documentation requested by Owner in connection therewith in order for Owner to make such approval determination.

• Notwithstanding anything herein to the contrary, Owner may, at its option, make any Major Capital Expenditure without the consent of Operator.

• In the event that, in the opinion of the Operator, from time to time Major Capital Expenditure (being capital expenditure in excess of [amount and currency]) needs to be undertaken (other than as set out in the ACIP and as set out in Schedule [ ]) the Owner and the Operator shall agree between them how to adjust the ACIP to allow for such expenditure, or the Operator shall make recommendations to the Owner for increasing the budget ceiling for the ACIP.

• Other Major Capital Expenditure Planned to Commence in 2015/16 Shareholding Ministers will be notified of any projects as they occur, and where required, submitted for approval.

• Pursuant to Section 55 (2) of the Coastal Ferry Act (Orders 17-01 and 17-01A); and• Section 55(2) of the Coastal Ferry Act and a Major Capital Expenditure for Four Island Class Vessels and one Salish Class Vessel proposed by British Columbia Ferry Services Inc.

More Definitions of Major Capital Expenditure

Major Capital Expenditure means, individually or collectively as the context indicates, Capital Expenditures and any other amounts expended from time to time with respect to Alterations, repairs, replacements and/or improvements with respect to all or any portion of the Property, in each case that are not Approved Capital Expenditures set forth in the Approved Annual Budget but are otherwise approved by Lender, such approval not to be unreasonably withheld, conditioned or delayed.

Major Capital Expenditure means an expenditure relating to the acquisition of real property or the construction, major alteration or major repair of school facilities.

Major Capital Expenditure means a capital expenditure in a single transaction or a series of transactions for that same capital expenditure in excess of $3.5 million, excluding the capital expenditures required for the Xxx X. Xxxxxxxx Expansion.

Major Capital Expenditure means any single expenditure for

Major Capital Expenditure has the same meaning as set out in subsection 21 (2) of the Act.

Major Capital Expenditure means construction or renovation of facilities or the acquisition of diagnostic, treatment or transportation equipment by a health care provider or health facility that costs more than an amount recommended and established by the commission;

Major Capital Expenditure means any Capital Expenditure which is required to be made during the last two Lease Years of the Lease Term and which exceeds $25,000 individually, or which, when added to all other Capital Expenditures theretofore incurred by Tenant during such period, exceeds $100,000.