Project Capital Expenditure definition

Project Capital Expenditure means any cash expenditure for or related to fixed assets or purchased intangibles that is treated as a capital expenditure under Generally Accepted Accounting Principles, including any amount which is required to be treated as an asset subject to a Capital Lease Obligation, but excluding any capital expenditure made to maintain, repair, refurbish or remodel any existing capital assets of Borrower or its Subsidiaries.

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Project Capital Expenditure means any expenditure in respect of the purchase or other acquisition of any fixed or capital asset (excluding normal replacements and maintenance which are properly charged to current operations) where such expenditure is made by a Solar Installation Subsidiary or a Non-Recourse Subsidiary in connection with the construction of a solar installation project.

Project Capital Expenditure means any Capital Expenditure for which the Borrower or the applicable Subsidiary, as applicable, is to receive reimbursement therefor from a third party (other than, for the avoidance of doubt, the Borrower or any Subsidiary); provided, that, the aggregate amount of all Project Capital Expenditures during the term of this Agreement shall not exceed $45,000,000. “Properly Contested” means, with respect to any obligation of any Person, that: (a) such obligation is subject to a bona fide dispute regarding amount or such Person’s liability to pay; (b) such obligation is being properly contested in good faith by appropriate proceedings promptly instituted and diligently pursued; and (c) appropriate reserves have been established in accordance with GAAP. “Property” means any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible. “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “Public Lender” has the meaning specified in Section 6.01. “Purchase Money Debt” means, with respect to any Person, without duplication, (a) Debt (other than the Obligations) for payment of any of the purchase price of fixed assets, (b) Debt (other than the Obligations) incurred within ninety (90) days before or after acquisition of any fixed assets, for the purpose of financing any of the purchase price thereof, and (c) any renewals, extensions, refinancings or replacements of Debt of the type referenced in clause (a) or clause (b) above, in any case in an aggregate principal amount that does not exceed the principal amount of the Debt being renewed, extended, refinanced or replaced (except by the amount of any accrued interest, payment in kind interest, 36 13892670v7

Examples of Project Capital Expenditure in a sentence

At the Time of Closing, Sellers shall deliver to CapStar a report detailing each Project Capital ExDenditure undertaken by Sellers, the work comnleted i-n connection with each Project Capital Expenditure, the amount spent (or committed to be spen-) in connection with each Project CaDital Expenditure and the work, if any, needed to be comvieted in connection with each Project Canital Expendi-ture.
The Borrower may by not less than 3 Business Days’ prior written notice to the AM (with a copy to each of the Facility Agent and the Security Agent), request the AM to authorise a withdrawal from the Onshore RMB Project Account for the payment of Project Capital Expenditure incurred by the Borrower pursuant to a Project Capex Withdrawal Request duly completed and executed by the Borrower.
In the event any applicable law, covenant or restriction of record, building code, regulation or ordinance (individually, an "Applicable Requirement" and collectively, "Applicable Requirements") require during the Lease Term the construction of an addition to or an alteration of the Project, or the reinforcement or other physical modification of the Building or other portion of the Project ("Capital Expenditure"), Landlord and Tenant shall allocate the cost of such work as follows.
There is hereby created with the Trustee a special fund to be designated the “Capital Beltway Funding Corporation of Virginia Project Capital Expenditure Reserve Fund” (the “Capital Expenditure Reserve Fund”).
In the event that the Final Project Capital Expenditure Amount exceeds the Estimated Project Capital Expenditure Amount, the Purchaser shall be obligated to pay to the Sellers an amount equal to such excess, in cash in immediately available funds.
At such time as the Project Capital Expenditure Amount shall become final in accordance with Section 1.3(b) (the “Final Project Capital Expenditure Amount”), the Final Project Capital Expenditure Amount shall be compared to the Estimated Project Capital Expenditure Amount.
In the event that the Estimated Project Capital Expenditure Amount exceeds the Final Project Capital Expenditure Amount, the Sellers shall be obligated to pay to the Purchaser an amount equal to such excess, in case in immediately available funds.

More Definitions of Project Capital Expenditure

Project Capital Expenditure means Capital Expenditure and payments under the Financed LHD Acquisition Agreement and/or the Upcoming LHD Acquisition Agreement.

Project Capital Expenditure means all expenditure in respect of the Project which is generally regarded in the gold mining industry in South Africa as expenditure of a capital nature excluding all expenditure which is generally regarded as replacement and/or ongoing and/or renewal capital expenditure;