Maximum Annual Capital Expenditures definition

Maximum Annual Capital Expenditures has the meaning specified in Section 9.1.
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Maximum Annual Capital Expenditures provided that this Section 9.2 will not apply if the Net Leverage Ratio is less than or equal to 4.00 to 1.00 as of the end of the second and fourth fiscal quarter of such calendar year.; provided, further, that the Loan Parties and their Subsidiaries may exceed the Maximum Annual Capital Expenditures in amounts acceptable to and subject to the written consent of Corre (as long as the Corre Affiliates which are Lenders constitute the Required Lenders hereunder).
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Examples of Maximum Annual Capital Expenditures in a sentence

  • FINANCIAL COVENANTS: The definitive note purchase documentation shall contain the following financial covenants and such other financial covenants as First Union and the Issuer may agree: (a) Maximum Leverage Ratio; (b) Minimum Interest Coverage Ratio; (c) Maximum Annual Capital Expenditures; and (d) Minimum EBITDA.

  • Maximum Annual Capital Expenditures and Capital Lease Obligations of no greater than $5,000,000.00 in the aggregate during any fiscal year of the Borrower without the prior written consent of the Bank.

Related to Maximum Annual Capital Expenditures

  • 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 reflected in the consolidated statement of cash flows of Company and its Subsidiaries.

  • 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.

  • 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).

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

  • 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.

  • Maintenance Capital Expenditures means, for any period, the portion of the aggregate amount of all Capital Expenditures of the Borrower for such period attributable to maintenance of property, plant or equipment of the Borrower and the Restricted Subsidiaries, as determined in good faith by a Responsible Officer of the Borrower.

  • Non-Financed Capital Expenditures means, with respect to any Person for any applicable period, the Capital Expenditures of such Person made in cash during such period, excluding any Capital Expenditures paid from proceeds of Indebtedness (other than proceeds of Indebtedness arising from borrowings under the Revolving Credit Loans, the Swingline Loan, or the Floor Plan Loans).

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