Examples of Net Capital Expenditures in a sentence
In each Fiscal Year thereafter, Net Capital Expenditures shall not exceed the sum of $8,200,000 plus twenty-five percent (25%) of Consolidated Net Earnings in respect of such Fiscal Year; provided, however, that if Consolidated Net Earnings is less than zero in any Fiscal Year, Consolidated Net Earnings shall be deemed to be zero in such Fiscal Year for purposes of this Section 2.13(a).
As of the last day of each fiscal quarter of the Borrower, the Borrower shall maintain a ratio of (a) EBITDA for the four fiscal quarters of the Borrower then ended, less Net Capital Expenditures for such four fiscal quarters, to (b) Fixed Charges for the same four fiscal quarters then ended of not less than 1.25 to 1.0.
Consolidated Net Capital Expenditures made by the Borrower and its Subsidiaries in any period shall be deemed to reduce first, the amount set forth in the table above for such period, and then, the Carry-Over Amount.
Net Capital Expenditures for each Fiscal Quarter, measured as of the last day of each Fiscal Quarter on the basis of the four (4) Fiscal Quarters then ending, commencing with the Fiscal Quarter ending January 31, 2017, shall not be greater than $17,000,000.
This would result in NPEI adjusting its Net Capital Expenditures to $12,800,051.