Required Capital Expenditures definition

Required Capital Expenditures. The applicable Capital Expenditures required to satisfy the Minimum Cap Ex Requirements.

Required Capital Expenditures means capital expenditures required to meet the requirements of any applicable laws and regulations, Permits (or interpretations thereof), or insurance policies, Industry Standards, and Prudent Industry Practice with which the Obligors are obligated to comply under any Material Project Agreement and any other material agreements of the Obligors relating to the Development, including those relating to the environment.

Required Capital Expenditures has the meaning given in Schedule A of the CSAA.

Examples of Required Capital Expenditures in a sentence

• There shall be no reduction in Rent nor Required Capital Expenditures by reason of such expiration with respect to, and the corresponding removal from this Lease of, any such Ground Leased Property.

• Furthermore, for the avoidance of doubt, Tenant acknowledges and agrees that the obligation of Tenant to expend the Required Capital Expenditures (or deposit funds into the Cap Ex Reserve) as provided in this Lease in each case constitutes a part of the obligations of Tenant that are guaranteed by the Guarantor and, with respect to Required Capital Expenditures required to be spent during the Term, shall survive termination of this Lease.

• Projected Capital Expenditures Required Capital Expenditures: No required capital expenditures are anticipated at this time.

• Projected Expenditures Required Capital Expenditures: No capital expenditures are required at this time.

• The Capital Expenditures Reserve Funds shall be used to fund the costs of Capital Expenditures on Schedule XVII hereof (the “Required Capital Expenditures”); provided, however, Required Capital Expenditures shall not include expense items that otherwise would be expensed in the operating statements of the Properties pursuant to the Uniform System of Accounts.

More Definitions of Required Capital Expenditures

Required Capital Expenditures shall have the meaning set forth in Section 7.1.1 hereof.

Required Capital Expenditures means those capital expenditures (a) reasonably believed by Borrower in its good faith judgment to be required to be expended in order to prevent or mitigate an emergency situation involving endangerment of life, human health, safety or the environment or damage to property, (b) incurred for the purpose of permitting the Borrower or any Subsidiary to comply with applicable Law, Permits or any contract, or (c) otherwise deemed reasonably prudent by the Borrower in its good faith judgment; provided, that, in the case of this clause (c), if such capital expenditures are made with Loan proceeds in an amount (x) in the case of any Material Project, that together with other expenditures for such Project made pursuant to this clause (c) would cause costs for such Project to exceed 10% of the costs set forth in the Construction Budget for such Project or allocable to such Project in the Operating Budget or (y) in the case of any Non-Material Project, that together with other expenditures for such Project made pursuant to this clause (c) would cause costs for such Project to exceed 15% of the costs set forth in the Construction Budget for such Project or allocable to such Project in the Operating Budget, such expenditures shall be subject to the prior, written approval by the Independent Engineer, which approval shall be delivered by or on behalf of Borrower to the Administrative Agent.

Required Capital Expenditures means Capital Expenditures certified by the Borrower to the Collateral Agent to be required to be made under the Concession Agreement, but excluding any Major Maintenance Costs.

Required Capital Expenditures means Capital Expenditures set forth in the then current Annual Operating Budget that are reasonably required in order to operate and maintain the Projects in accordance with applicable Legal Requirements (excluding, for certainty, any Emergency Capital Expenditures and Capital Expenditures financed with the proceeds of Equity Contributions made to the Company).

Required Capital Expenditures shall have the meaning set forth in ----------------------------- Section

Required Capital Expenditures means Capital Replacements in the amount of $___ per unit per year totaling $_____ per year.

Required Capital Expenditures means capital expenditures that are identified as required capital expenditures in the Annual Budget then in effect.