Permitted Expenditures shall have the meaning assigned to such term in clause (b)(xii) in the definition of “Excess Cash Flow”.
Permitted Expenditures has the meaning set forth in Section 4(b)(iii) hereof.
Permitted Expenditures shall consist of cash disbursements consistent with and pursuant to the line items of expenses set forth in the Budgeted Cash Flow that has most recently been approved by the Control Agent and the other Lenders. The Borrower’s actual expenditures for any specific expense line item in the Budgeted Cash Flow (other than the Lenders’ Costs (as defined below) may vary by no more than 10% of the amount set forth in the applicable Budgeted Cash Flow without prior written consent of the Control Agent; provided, however, that the total amount of cash used by the Borrower shall not exceed on a cumulative basis the amounts shown on the then-current Budgeted Cash Flow through the end of each weekly period (other than the Lenders’ Costs). The Budgeted Cash Flow shall also include a line item for the reimbursement of the reasonable fees, costs and out-of-pocket expenses (the “Lenders’ Costs”) incurred by the Control Agent and the other Lenders in connection with the preparation, execution, delivery, administration and enforcement of this Agreement, including, without limitation, any costs and out-of-pocket expenses incurred in connection with the Bridge Equity Financing, which Lenders’ Costs shall not be capped and shall be paid out of the Reserve Account in accordance with Section 11(c) hereof.
Examples of Permitted Expenditures in a sentence
All other capital expenditures, other than Permitted Expenditures, shall be subject to submittal of a revised Budget to Company for approval in accordance with the terms of this Agreement.
Permitted Expenditures from Dedicated Accounts, POMS GN 00602.140.
GN 00602.140 Permitted Expenditures from Dedicated Accounts,” October 22, 2020, https://secure.ssa.gov/apps10/poms.nsf/lnx/0200602140.
The proceeds of the Loans shall be used solely by the Borrower to pay the costs and expenses of the administration of the Reorganization Cases, including Permitted Expenditures and other obligations, as set forth in the Approved Budget, and to pay such other obligations as contemplated by this Agreement, ordered by the Bankruptcy Court or required by the Bankruptcy Code or Bankruptcy Rules.
The parties agree to issue the necessary share certificate within 3 working days of entering into this Agreement and to provide each other with copies of the relevant Board minutes evidencing their proper issuance.
More Definitions of Permitted Expenditures
Permitted Expenditures means an amount not to exceed the sum of (a) all expenditures incurred by the Target Group after the date of this Agreement in order to effect the Development Plan, including all applicable drilling and completion costs, related field costs and any other related operational costs, plus (b) any other costs or expenses (other than (i) Transaction Expenses and (ii) any expenses in excess of $2,000,000 in connection with the Specified Claim) incurred by the Target Group after the date of this Agreement in the ordinary course of business consistent with past practice and in compliance with this Agreement, plus (c) interest payments on the Company Notes after the date of this Agreement, plus (d) Losses on Specified Hedge Contracts, plus (e) all amounts payable in respect of (i) the Retention Bonuses, together with the employer portion of any payroll, social security or other Taxes required to be paid by the Target Group in connection therewith, and (ii) the Incremental Bonuses; provided that “Permitted Expenditures” referred to in (a), (c), (d) and (e) shall not constitute Transaction Expenses.
Permitted Expenditures means the cash expenditures set forth in an Approved Budget. Any unused portion of Permitted Expenditures for any given month may be carried over as additional Permitted Expenditures in the immediately subsequent month.
Permitted Expenditures means expenditures related to the exploration, maintenance and development of the Palos Verdes Project, as mutually agreed to by the Parties, acting reasonably;
Permitted Expenditures means (x) Permitted Acquisitions, (y) Capital ---------------------- Expenditures and (z) Investments (which investments may not be made with assets at the time constituting Mortgaged Properties (except (I) in connection with the incurrence by a Wholly-Owned Special Purpose Subsidiary of New Secured Debt and (II) Released Land), other Collateral or Excluded Properties (except in connection with a transaction permitted under Section 6.03(q)) in (i) a Non-Guarantor Subsidiary, (ii) a Permitted Mezzanine Investment Entity and/or (iii) a Joint Venture, with the amount of a Permitted Expenditure made with assets other than cash or Cash Equivalents to be the fair market value thereof as determined in good faith by the Borrower; provided that in determining the aggregate amount of Permitted Expenditures for purposes of complying with Section 6.06(h), (a) the value of property contributed by the Borrower or any Subsidiary to (I) a Wholly-Owned Special Purpose Subsidiary in connection with its incurrence of New Secured Debt or Existing Mortgage Refinancing secured by such property and (II) a Joint Venture to the extent all of the Borrower's or Subsidiary's equity ownership interests in such Joint Venture are subjected to the Lien of the Security Documents and (b) loans to and equity invested in the new owner of properties disposed of in a Permitted Structured Disposition shall not be deemed to constitute Permitted Expenditures.
Permitted Expenditures as defined in Section 9.01(b).
Permitted Expenditures means the expenditures set forth in Section 5.1(b) of the Company Disclosure Letter, which shall include the payment of any Indebtedness, Transaction Expenses and Change in Control Payments permitted to be made between the date hereof and the Merger 1 Effective Time.
Permitted Expenditures means all past, present and future costs and expenses to be incurred in connection with the exploration, development and construction of the Kami Project, including without limitation, the cost of producing a feasibility study and operational, general and administrative costs and expenses;