Permitted Capital Expenditures definition
Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).
Permitted Capital Expenditures means Capital Expenditures (a) incurred for the purpose of permitting (i) any Loan Parties or any Project to comply with applicable Requirements of Law (including any Environmental Laws) and Applicable Permits or (ii) each Project to operate in accordance with the Base Case Projections, (b) as required to operate each Project in accordance with Prudent Industry Practices or (c) under emergency circumstances to resume or maintain operation of any Project in accordance with Prudent Industry Practice or to avoid imminent threat to human life or property.
Permitted Capital Expenditures means (a) Capital Expenditures made by the Company or any of its Subsidiaries in connection with the development of operated ▇▇▇▇▇ not contained in the APOD, so long as the Available Amount, after taking into account such Capital Expenditures, is equal to or greater than zero and (b) Capital Expenditures made pursuant to Non-Op AFEs, so long as the Non-Op AFE Conditions are satisfied with respect to each such Non-Op AFE.
Examples of Permitted Capital Expenditures in a sentence
The Borrower shall not make any Capital Expenditures other than Permitted Capital Expenditures and Capital Expenditures to the extent financed in full with the proceeds of Voluntary Equity Contributions made to the Borrower which could not reasonably be expected to have a Material Adverse Change.
More Definitions of Permitted Capital Expenditures
Permitted Capital Expenditures means as specified in Section 10.6.
Permitted Capital Expenditures means (a) any capital expenditure or commitment to make capital expenditures which will not be completely funded by the later of December 31, 2017 and the Closing Date, and which will not involve a total liability after such date of an amount equal to or less than Three Hundred Thousand Dollars ($300,000) individually or One Million Dollars ($1,000,000) in the aggregate; (b) those capital expenditures that are set forth on Schedule 5.5; or (c) those capital expenditures otherwise agreed to by the Parties.
Permitted Capital Expenditures as defined in Section 6.7.
Permitted Capital Expenditures shall have the meaning set forth in Section 10.12(d).
Permitted Capital Expenditures shall have the meaning set forth in Section 5.13.
Permitted Capital Expenditures means Capital Expenditures that:
Permitted Capital Expenditures means Capital Expenditures not in excess of: