Examples of Project Capital Expenditures in a sentence
Seller’s reimbursement to Buyer pursuant to this Section shall be made within thirty (30) days after Buyer furnishes Seller with a written request for such reimbursement together with reasonable evidence of payment of the MPLS Enhancement Project Capital Expenditures for which reimbursement is sought.
To evidence its compliance with the foregoing obligations, Lessee shall spend, or have plans in place reasonably acceptable to Omega to spend, for Special Project Capital Expenditures at least Five Hundred Thousand Dollars ($500,000.00) (on a cumulative basis) by September 30, 2001 and shall spend, or have plans in place reasonably acceptable to Omega to spend, for Special Project Capital Expenditures the required One Million Dollars ($1,000,000.00) (on a cumulative basis) by May 31, 2002.
The parties acknowledge that the amount expended by Lessee in completion of the Special Project Capital Expenditures shall not be offset against Lessee's obligation to fund the Minimum Qualified Capital Expenditures set forth in this Section 8.3.
Lessee shall at its expense before the end of the second Lease Year complete and pay for "Special Project Capital Expenditures" (as defined in the Settlement and Restructuring Agreement) in the cumulative amount of not less than One Million and No/100 Dollars ($1,000,000.00).
He said that last year funds were taken out of the Capital Reserve Account and he thought that would be decreasing the amount required for the following two years.