Major Expenditure definition

Major Expenditure means any single expenditure incurred during or subsequent to the fiscal period in which the Lease commences for modifications or additions to the Building and/or the Parking Garage if one of the principal purposes of such modification or addition was to reduce energy consumption or operating expenses, or was required by governmental law or regulations; and
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Major Expenditure means any expenditure incurred after the date of substantial completion of the Building for replacement of machinery, equipment, building elements, systems or facilities forming a part of or used in connection with the Property or for modifications, upgrades or additions to the Property or facilities used in connection therewith, provided that, in each case, such expenditure was more than ten percent (10%) of the total Operating Costs for the immediately preceding Fiscal Period.
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Major Expenditure means and be limited to any expenditure incurred after the date of substantial completion of the Building for replacement of machinery, equipment, building elements, systems or facilities forming a part of or used in connection with the Property or for modifications, upgrades or additions to the Property, and (A) which are reasonably incurred to have the effect of reducing or limiting Operating Costs, or (B) which are required by new governmental laws or changes in existing governmental laws after the Commencement Date, or (C) are made for the purpose of enhancing or upgrading the security for the Building; and
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Examples of Major Expenditure in a sentence

  • In accordance with accepted Association practices (ASAE, NAR, etc.) of maintaining reserves for emergency operation (Emergency Management Reserves) and major expenditures (Major Expenditure Reserves), the Association will maintain Emergency Management Reserves of such an amount that will sustain the Association for three (3) months, or twenty five percent (25%) of annual budget, following a natural or other disaster.

  • The Association will maintain Major Expenditure Reserves of such amount that major expenditures can be anticipated and financed on a regularschedule.

  • Major Expenditure Variances The table at Appendix B highlights the major variances, some of the more significant of which are detailed below.

  • Table 4Saudi Arabia Major Expenditure Categories Link to Revenues (1979-2002) Sector Impact Period Impact Social Expenditures (human resource development, and health)Total RevenuesShort Run insLong-Run ins Economic Expenditures (transport and communication, economic andTotal RevenuesShort Run +Long-Run positive Public Expenditures (public administration, loans, and subsidies)Total RevenuesShort Run +Long-Run positive Defense Note: See Table 2.

  • The CPI (Major Expenditure Classes—All Items) for each year in which payments were received is entered in the appropriate row in column (4).

  • Because the investment purported to involve equity and subordinated debt, Citibank also approved a Major Expenditure Proposal for the transaction.

  • The major cost items and their proportional contribution to the 2012, 2016 and 2017 cost to councils of election services provided by the NSW Electoral Commission are shown in the Table 5 below:Table 5: Local Government Election, Major Expenditure Items ($m, nominal) Expenditure Item NB: The NSW Electoral Commission received $17m from the State Government for the 2016 and 2017 local government elections to cover the additional costs incurred in conducting elections in two tranches.

  • This is the other major variance in Miscellaneous Revenue Major Expenditure Varianceso Salaries – nursing ~$350,000 under budget – surgical and flex staffing not utilized  Physiotherapist not hired Under budget in lab and x ray ($50,000 collectively)o NUPT - $90,000o Medical supplies and drugs – no major varianceEquipment Amortization over budget by $89,000 but yearend may result in some adjustment of that.Motion to approve February 2019 Financial Statements Moved by: D.

  • Major Expenditure Roads3,890km of roads $8.81m to improve the road network.

  • Major Expenditure Categories Expenditure Category% of BudgetFY 2021AdoptedFY 2022Adopted ChangeSalaries & Benefits (NOTE: The FY 2021 Adopted Budget reflected above does not include the one-time supplemental appropriation of $9,277,190 allocated to CPS for school re-opening costs related to the COVID-19 pandemic.)The School Committee votes to adopt the budget in four statutory expenditure categories: Salaries and Benefits, Other Ordinary Maintenance, Travel and Training, and Extraordinary Expenditures.


More Definitions of Major Expenditure

Major Expenditure means an expenditure made in connection with (i) repairs, betterments, replacements or improvements to the Facility in accordance with Section 7.1 of the Facility Lease, but only to the extent that expenditures for such repairs, betterments, replacements or improvements can be capitalized for United States Federal income tax purposes, (ii) a Replacement Component installed in accordance with Section 7.2 of the Facility Lease, but only to the extent that such Replacement Component can be capitalized for United States Federal income tax purposes, (iii) a Required Modification made in accordance with Section 8.1 of the Facility Lease or (iv) an Optional Modification that is a Non-Severable Modification made in accordance with Section 8.2 of the Facility Lease.
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Related to Major Expenditure

  • 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;

  • Independent expenditure means an expenditure by a person:

  • Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within the categories of capital expenditure set out at clause 36. The Secretary of State shall pay two separate and distinct grants in respect of Recurrent Expenditure: General Annual Grant ("GAG") and Earmarked Annual Grant ("EAG").

  • irregular expenditure means expenditure, other than unauthorised expenditure, incurred in contravention of or that is not in accordance with a requirement of any applicable legislation, including—

  • 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.

  • Expenditure means the outlay of cash or the amount due and owing after receipt of goods or services included in the Scope of Work.

  • 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.

  • Expenditures means payments and contracts for goods, services, and construction which may be acquired competitively and are not regulated by separate authority, and, where the department acts as the sole or primary contracting officer and has selective discretion as to the supplier, vendor, or contractor.

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

  • 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.

  • 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:

  • 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.

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

  • 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.

  • 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.

  • asset renewal expenditure means expenditure on an existing asset or on replacing an existing asset that returns the service capability of the asset to its original capability

  • 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.

  • 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).

  • Excluded Expenditure means any expenditure: (a) for goods or services supplied under a contract which any national or international financing institution or agency other than the Association or the Bank has financed or agreed to finance, or which the Association or the Bank has financed or agreed to finance under another credit, grant or loan; (b) for goods included in the following groups or sub-groups of the Standard International Trade Classification, Revision 3 (SITC, Rev.3), published by the United Nations in Statistical Papers, Series M, No. 34/Rev.3 (1986) (the SITC), or any successor groups or subgroups under future revisions to the SITC, as designated by the Association by notice to the Recipient: Group Sub-group Description of Item 112 Alcoholic beverages 121 Tobacco, un-manufactured, tobacco refuse 122 Tobacco, manufactured (whether or not containing tobacco substitutes) 525 Radioactive and associated materials 667 Pearls, precious and semiprecious stones, unworked or worked 718 718.7 Nuclear reactors, and parts thereof; fuel elements (cartridges), non-irradiated, for nuclear reactors 728 728.43 Tobacco processing machinery 897 897.3 Jewelry of gold, silver or platinum group metals (except watches and watch cases) and goldsmiths’ or silversmiths’ wares (including set gems) 971 Gold, non-monetary (excluding gold ores and concentrates) (c) for goods intended for a military or paramilitary purpose or for luxury consumption; (d) for environmentally hazardous goods, the manufacture, use or import of which is prohibited under the laws of the Recipient or international agreements to which the Recipient is a party; (e) on account of any payment prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations; and (f) with respect to which the Association determines that corrupt, fraudulent, collusive or coercive practices were engaged in by representatives of the Recipient or other recipient of the Financing proceeds, without the Recipient (or other such recipient) having taken timely and appropriate action satisfactory to the Association to address such practices when they occur.

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

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

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • 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.

  • Capitalized Software Expenditures means, for any period, the aggregate of all expenditures (whether paid in cash or accrued as liabilities) by a Person and its Restricted Subsidiaries during such period in respect of purchased software or internally developed software and software enhancements that, in conformity with GAAP, are or are required to be reflected as capitalized costs on the consolidated balance sheet of a Person and its Restricted Subsidiaries.

  • Eligible Expenditure means an expenditure described as eligible in Schedule B or deemed eligible by Canada in accordance with Section 4.2.

  • Qualifying Expenditure means, in respect of any Accounting Year or Accounting Half- Year, the aggregate of the costs, expenses and fees described in paragraph 1 of Annex 2 which are incurred during that Accounting Year or Accounting Half-Year, calculated in accordance with paragraphs 2 and 3 of Annex 2;