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).
This would result in NPEI adjusting its Net Capital Expenditures to $12,800,051.
No Credit Party shall, nor shall it permit any of its Subsidiaries to, cause the Net Capital Expenditures expended by the Borrower or any of its Subsidiaries (a) in the fiscal year ending December 31, 2017, to exceed $20,000,000 in the aggregate and (b) in each fiscal year ending after December 31, 2017, to exceed, in the aggregate, 75% of EBITDA of the immediately preceding fiscal year.
The Borrower shall not make or become legally obligated to make any Net Capital Expenditures exceeding $50,000,000 in the aggregate during any Fiscal Year.
No Credit Party shall, nor shall it permit any of its Subsidiaries to, cause the Net Capital Expenditures expended by the Borrower or any of its Subsidiaries (a) in the fiscal year ending December 31, 2016, to exceed $15,000,000 in the aggregate and (b) in each fiscal year ending after December 31, 2016, to exceed, in the aggregate, 75% of EBITDA of the immediately preceding fiscal year.