Major Expenditures definition

Major Expenditures means, for any fiscal year of the Company, (i) all capital expenditures in such fiscal year which, when aggregated with the capital expenditures included in the Annual Business Plan for such fiscal year, exceed the aggregate amount of capital expenditures approved in such Annual Business Plan by more than ***, (ii) a reallocation of capital expenditure amounts between and among authorized categories of spending in the Annual Business Plan for such fiscal year which, when aggregated with all other such reallocations in such fiscal year, exceeds ***, (iii) any capital expenditures not included as a line item in the Annual Business Plan for such fiscal year (other than capital expenditures which are consistent with or incidental to such approved line items and which do not, in the aggregate, exceed ***) and (iv) operating and personnel expenses not included in the Annual Business Plan for such fiscal year; provided, however, that the term "Major Expenditures" shall not include any expenditures related to the acquisition of any Assets.
Sample 1

Examples of Major Expenditures in a sentence

  • The benefit package includes medically necessary diagnostic imaging and radiology services as set forth in MAD Program Manual Section 752, DIAGNOSTIC IMAGINING AND THERAPEUTIC RADIOLOGY SERVICES.

  • Trends in Japan’s ODA Budget and Other Major Expenditures 47 Chart III-4.

  • At a minimum, the Association shall earmark $2,350.00 annually from its collected dues for the Inspection and Maintenance Fund as determined by the County for Routine Annual Expenditures and $710.00.00 annually for the Escrow Account for Major Expenditures determined as set out in the section entitled “Escrow Account”.

  • Additional information on revenues and expenditures are discussed in Section V: Revenues and Section VI: Major Expenditures and Funding later in this book.

  • No additional contributions shall be required to the Escrow Account for Major Expenditures once the account balance reaches $17,745.00, which amount shall be the sinking fund budget for the engineered stormwater controls.

  • Major Expenditures in FY 2024 8 APPENDIX 1: AUDITED HISTORICAL QSA JPA SPENDING, FY 2004 - FY 2022 A1 APPENDIX 2: WORK PLAN BY MITIGATION TASK A2 QSA JPA FISCAL YEAR 2024 BUDGET SECTION 1: BACKGROUND The Quantification Settlement Agreement Joint Powers Authority (QSA JPA) administers funding of environmental mitigation requirements related to the QSA water transfers.

  • Their Major Expenditures are as follows: Unemployment Claims (UC): The Parish is 100% self-insures for UC, reimbursing the Louisiana State Department of Labor for all benefits paid each quarter.

  • One example can be that building materials have been budgeted but the funds are used instead for entertainment and to improve the project manager’s official house and garden and the expenditure is then entered on the account for building materials.To discover this type of irregularity a comparison must be made between the financial reports and what has actually been achieved (reasonable use of resources).

  • Additionally, during the Extended Term, Tenant shall not be obligated to pay for any Operating Costs, Operating Expenses or other expense pass throughs related to 1) Taxes, or 2) capital improvements or other Major Expenditures.

  • The Association shall set dues at a sufficient amount to fund Routine Annual Expenditures and the Escrow Account for Major Expenditures in addition to the Association’s other obligations.

Related to Major Expenditures

  • 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.

  • 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.

  • 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

  • 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.

  • 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;

  • 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:

  • 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—

  • 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.

  • 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.

  • 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.

  • 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").

  • 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.

  • Independent expenditure means an expenditure by a person:

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

  • 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.

  • 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.

  • 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.

  • 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.

  • Eligible Expenditures means expenditures in respect of the reasonable cost of goods, works and services required for the Project and to be financed out of the proceeds of the Loan allocated from time to time to the eligible Categories in accordance with the provisions of Schedule 1 to this Agreement; and

  • 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).

  • Qualifying Expenditures means those expenditures for energy conservation measures that have a simple payback period of not less than one year and not more than 10 years and expenditures for the above-market costs of new renewable energy resources, provided that the Oregon Department of Energy may establish by rule a limit on the maximum above-market cost for renewable energy that is allowed as a credit.

  • Qualified rehabilitation expenditures means capital

  • Emergency Expenditures means any of the eligible expenditures set forth in the CERC Manual referred to in Section I.F of Schedule 2 to this Agreement and required for the Contingent Emergency Response Part.

  • Uncovered expenditures means the costs to the health maintenance organization for health care services that are the obligation of the health maintenance organization, for which an enrollee may also be liable in the event of the health maintenance organization's insolvency and for which no alternative arrangements have been made that are acceptable to the commissioner.