Planned Expenditures definition
Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.
Planned Expenditures shall have the meaning assigned to such term in clause (b)(xii) in the definition of “Excess Cash Flow”.
Planned Expenditures has the meaning assigned to such term in clause (b) of the definition of the term “ECF Deductions”.
Examples of Planned Expenditures in a sentence
Subject to the terms of this Agreement, the Investment Funding may only be applied by the Recipient for payment or reimbursement of Approved Eligible Costs on a Project-by-Project basis up to the maximum Planned Expenditures for each Project as set out in the approval for it.
The Planned Expenditures, as shown below, are the projected capital expenditures as included in the five (5) year strategic plan of the Company.
If expenditures were lower than Planned Expenditures, then the adjustment will be deducted from the annual EBITDA Target for that year and subsequent years.
Notwithstanding anything to the contrary, actual capital expenditures over Planned Expenditures shall require prior written approval of the Board.
If the difference between actual capital expenditures, including acquisitions, and Planned Expenditures, (the "Expenditure Difference"), is greater or less than $1,300,000, the EBITDA and the Cumulative EBITDA targets for the purposes of both the Annual Bonus Pool and the 5-Year Cumulative Bonus Pool shall also be adjusted as follows: The Expenditure Difference will be multiplied by the pre-tax cost of capital of Vincor to calculate the adjustment.
More Definitions of Planned Expenditures
Planned Expenditures shall have the meaning provided in the definition of the term “Additional ECF Reduction Amounts.”
Planned Expenditures has the meaning specified in Section 2.05(b)(i).
Planned Expenditures means all budgeted, planned, or approved expenditures and funding as of the Hold Separate Order Date that are necessary for or related to the timely completion of the Ameristar Louisiana Project Development Plan.
Planned Expenditures has the meaning assigned to such term in Section 2.11(d)(v).
Planned Expenditures has the meaning assigned to such term in clause (x) of the definition of “Excess Cash Flow.” “Platform” has the meaning assigned to such term in Section 5.01(g). “Prepayment Date” means the date that any prepayment occurs pursuant to the terms of this Agreement in a manner described in clause (y) to the proviso to Section 2.11(a). “Prepayment Event” means: (a) any sale, transfer or other Disposition of any property or asset of the Borrower or any Restricted Subsidiary pursuant to Section 6.05(i), Section 6.05(j), Section 6.05(m), Section 6.05(n) or Section 6.05(p) or the occurrence of any other Casualty Event (or series of related Dispositions or Casualty Events) resulting in Net Proceeds exceeding (x) $1,000,000, individually or (y) $2,500,000, in the aggregate in any fiscal year (each of the foregoing, a “Disposition/Casualty Prepayment Event”); provided, that, for the avoidance of doubt, only Net Proceeds in excess of such amounts shall be subject to the mandatory prepayment provisions set forth in Section 2.11(c) and no Prepayment Event shall be deemed to have occurred in any fiscal year until the Net Proceeds received during such fiscal year exceed $2,500,000; or (b) the incurrence by the Borrower or any Restricted Subsidiary of any Indebtedness consisting of (i) any Credit Agreement Refinancing Indebtedness, (ii) any Incremental Refinancing Facility, (iii) any Permitted Receivables Financing permitted pursuant to Section 6.01(a)(viii) or Section 6.05(g)(B), (iv) any securitization, receivables facility or other similar financing (including any factoring program) or sale of receivables, insurance or healthcare premiums or relating to policies sold on behalf of an insurance carrier, royalty, patent or other revenue streams and other rights to payment or related assets that are not permitted by Section 6.01(a)(viii)) and (v) unless permitted by the Required Lenders pursuant to Section 9.02, any other Indebtedness not permitted by Section 6.01 (such incurrence, a “Specified Debt Incurrence Prepayment Event”). “Prime Rate” means the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the U.S. or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest 67 US-DOCS\115047431.4
Planned Expenditures means the planned expenditures in an approved project uploaded into PINES;
Planned Expenditures has the meaning specified in the definition of “Excess Cash Flow”. “Pledged Debt” has the meaning specified in the Security Agreement. “Pledged Equity” has the meaning specified in the Security Agreement. “Post-Transaction Period” means, with respect to any Specified Transaction, the period beginning on the date such Specified Transaction is consummated and ending on the last day of the sixth full consecutive fiscal quarter immediately following the date on which such Specified Transaction is consummated. “Previously Identified Hospitality Investments” means investments in and contributions into a joint venture entity proposed to be formed with a third party strategic hotelier partner previously identified to the Administrative Agent on or prior to the effective date of the First Term A Loan Extension Amendment, to which the Borrower or a Restricted Subsidiary will contribute intellectual property in exchange for a majority membership interest in such entity, and to which such hotelier will contribute capital in exchange for a minority membership interest in such entity, and including any license payments from an ongoing licensing agreement with the joint venture entity based upon ordinary course business operations and revenue transactions and required future funding obligations into the joint venture entity that are expected to be completed based on a pro rata share of such additional funding amounts and capital requirements. “Principal Domestic Property” has the meaning specified in the Existing 2016 Notes Indenture. “Principal L/C Issuer” means any L/C Issuer that has issued Letters of Credit under either Revolving Credit Facility having an aggregate Outstanding Amount in excess of $10,000,000. “Pro Forma Adjustment” means, for any Test Period, with respect to the Acquired EBITDA of the applicable Acquired Entity or Business or Converted Restricted Subsidiary or the Consolidated EBITDA of Holdings, the pro forma increase or decrease in such Acquired EBITDA or such Consolidated EBITDA, as the case may be, projected by the Borrower in good faith as a result of actions taken, committed to be taken or with respect to which substantial steps have been taken or are expected to be taken (in the good faith determination of the Borrower) prior to or during such Post-Transaction Period for the purposes of realizing reasonably identifiable and factually supportable cost savings, in each case in connection with the combination of the operations of such Acquired En...