Permitted Development Expenditures definition
Permitted Development Expenditures means Development Expenditures that:
Permitted Development Expenditures means Development Expenditures that: #100513604v3
Permitted Development Expenditures means all expenditures made by Company or its wholly-owned Subsidiaries in connection with Development Properties, whether in the nature of capital contributions or other Investments in non-wholly owned Subsidiaries that own Development Properties or otherwise; PROVIDED that such expenditures shall not exceed the aggregate amount of $120,000,000.
Examples of Permitted Development Expenditures in a sentence
The Company, Gator Express and any of their respective Restricted Subsidiaries may make, or provide CFCo with funds to make, Development Expenditures that qualify as Permitted Development Expenditures in accordance with the applicable definition thereof.
More Definitions of Permitted Development Expenditures
Permitted Development Expenditures means Capital Expenditures to construct a dealership facility or automotive collision facility or to upgrade or reimage an existing dealership facility or automotive collision facility where:
(a) such Capital Expenditure is outlined in the Annual Budget or otherwise satisfactory to the Agent and generally accretive to the Obligors’ operations and infrastructure;
(b) the Agent shall have received, in form and substance satisfactory to the Agent, acting reasonably, the following: