Mandatory Capital Expenditures definition

Mandatory Capital Expenditures means Capital Expenditures that are necessary, as reasonably determined by the Borrower, for the Borrower and its Subsidiaries and their respective assets and operations to remain in compliance with Governmental Requirements and applicable health, safety, and environmental standards, including plugging and abandonment expenditures.
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Mandatory Capital Expenditures means all expenditures related to the Partnership’s assets that are classified under GAAP as a capital expenditure, the primary function of which is for regulatory compliance, safety or operational integrity of the Partnership’s assets or is otherwise the result of actions permitted in emergency situations as provided in the Operating Procedures.
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Mandatory Capital Expenditures means net capital expenditures incurred by you not financed by long term debt. Net capital expenditures means all capitalized fixed asset purchases less fixed asset sales.
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Examples of Mandatory Capital Expenditures in a sentence

  • Additionally, if at any time, additional capital contributions are needed for Mandatory Reserves or Mandatory Capital Expenditures, the Manager shall require from time to time additional Capital Contributions (“Additional Capital Contributions” and, together with Additional Operating Contributions, “Additional Contributions”) from the Members in amounts necessary to fund such Mandatory Reserves and/or Mandatory Capital Expenditures.

  • Dreyfus will not be responsible for funding any of the operating or other costs of the MB Business during the Term except for Discretionary Capital Expenditures in accordance with Section 2.5(a) and, to the extent provided in Section 2.5(c), Mandatory Capital Expenditures, although the Parties recognize that operating and other costs may increase in the future, thereby impacting EBITDA and possibly the resulting payments to Dreyfus.

  • All proceeds of Additional Senior Debt incurred to finance or refinance Mandatory Capital Expenditures or Discretionary Capital Expenditures pursuant to Section 2.09 shall be used solely to finance or refinance such Mandatory Capital Expenditures or Discretionary Capital Expenditures, as the case may be.

  • Make, or permit any of its Subsidiaries to make, any Capital Expenditures, except (i) Mandatory Capital Expenditures and (ii) any Scheduled Capital Expenditure, to the extent such Scheduled Capital Expenditure is provided for in the CapEx Budget.

  • These differences are reflective of the smaller disbursement amounts for the limited scope StatAid variable.However, when testing the non-volatility of statistical capacity building ODA with the sequentially accumulated StatAid disbursements variable, the results now indicate that there is no statistically significant association between StatAid and statistical capacity.

  • Each Operating Budget and each Capital Budget for 11 Mandatory Capital Expenditures shall be submitted to Dreyfus for its review and comment, however, such Budgets as presented by TEPPCO shall be final and binding for the subject Fiscal Year.

  • If the Partnership shall elect to apply funds on deposit in the Contingency Reserve Account for the purposes set forth in subclause (i) of this clause (b), at least two Business Days prior to such transfer, the Partnership shall deliver to the Collateral Trustee a certificate setting forth in reasonable detail the necessary repairs and maintenance or the Mandatory Capital Expenditures, as the case may be, which certificate shall be reviewed and confirmed by the Independent Engineer.

  • Make, or permit any of its Subsidiaries to make, any Capital Expenditures, except (i) Mandatory Capital Expenditures, (ii) any Scheduled Capital Expenditure, to the extent such Scheduled Capital Expenditure is provided for in the CapEx Budget and (iii) in the case of the AESC Companies only, to the extent permitted under the AESC Loan Documents.


More Definitions of Mandatory Capital Expenditures

Mandatory Capital Expenditures means all capital expenditures (including, without limitation, roof repair and/or replacement, asphalt resurfacing, repair and/or replacement of HVAC equipment, replacement of window gaskets, repair and/or replacement of exterior siding and the recaulking of expansion and control joints) and leasing costs required to be incurred for the operation and maintenance of the Properties, but only to the extent set forth in the Approved Annual Budget or any Business Plan approved by the Members.
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Mandatory Capital Expenditures means capital expenditures (including any financing costs and related fees and expenses) in respect of the Xxxxx Project that (a) the Partnership is required to make in order to comply with a change in environmental, health, safety or other laws or regulations binding on the Partnership or (b) are otherwise necessary to continue to operate the Xxxxx Project in accordance with the Base Case Model.
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Mandatory Capital Expenditures means all expenditures related to the Partnership's assets that are classified under GAAP as a capital expenditure, the primary function of which is for regulatory compliance, safety or operational integrity of the Partnership's assets or is otherwise the result of actions permitted in emergency situations as provided in the Operating Procedures.
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Mandatory Capital Expenditures means that portion of aggregate capital expenditures of the Borrower and its Consolidated Subsidiaries for such specified period consisting of non-discretionary environmental, health, maintenance, safety and other regulatory costs essential to the continued operations of the Borrower and its Consolidated Subsidiaries, whether or not such costs are expected to produce future returns.
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Mandatory Capital Expenditures means the capital expenditures which were projected to have been expended during such period in Lender's engineering analysis.
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Related to Mandatory Capital Expenditures

  • 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.

  • 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).

  • 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.

  • 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.

  • 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.

  • Unfinanced Capital Expenditures means, for any period, Capital Expenditures made during such period which are not financed from the proceeds of any Indebtedness (other than the Revolving Loans; it being understood and agreed that, to the extent any Capital Expenditures are financed with Revolving Loans, such Capital Expenditures shall be deemed Unfinanced Capital Expenditures).

  • 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.

  • Unfunded Capital Expenditures means capital expenditures made from the Borrower’s funds other than funds borrowed as term debt to finance such capital expenditures.

  • 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.

  • 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;

  • 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.

  • Consolidated Maintenance Capital Expenditures means, for any period, the aggregate amount of expenditures for additions to property, plant, and equipment that are not Consolidated Expansion Capital Expenditures.

  • 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.

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

  • Non-Financed Capital Expenditures means, for any period, Capital Expenditures during such period other than Capital Expenditures funded with the proceeds of Indebtedness (excluding ABL Revolving Loans).

  • 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.

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

  • 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.

  • Qualified expenditures means capital expenditures that qualify, or would qualify except that the taxpayer entered into an agreement under subsection (13), for a rehabilitation credit under section 47(a)(2) of the internal revenue code if the taxpayer is eligible for the credit under section 47(a)(2) of the internal revenue code or, if the taxpayer is not eligible for the credit under section 47(a)(2) of the internal revenue code, the qualified expenditures that would qualify under section 47(a)(2) of the internal revenue code except that the expenditures are made to an historic resource that is not eligible for the credit under section 47(a)(2) of the internal revenue code that were paid. Qualified expenditures do not include capital expenditures for nonhistoric additions to an historic resource except an addition that is required by state or federal regulations that relate to historic preservation, safety, or accessibility.

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

  • 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

  • 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").

  • 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.

  • 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: