Required Expenditures definition

Required Expenditures shall have the meaning ascribed to such term in Section 5.
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Required Expenditures means the total of: 10
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Required Expenditures means (i) any amounts required to be paid under, or otherwise necessary to allow the Company to comply with its obligations under, any joint operating agreement or other contractual obligation or (ii) any amounts required to be paid under any senior credit facility of any member of the Company Group or any commodities hedging obligations of any member of the Company Group.
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Examples of Required Expenditures in a sentence

  • Such bond shall remain in full force and effect until Final Completion is achieved and the Department shall be able to draw upon such bond regardless of the amount paid by the Department to the Contractor, even if such amount exceeds the penal value of such bond.

  • For example, dental insurance and vision insurance premium payments count towards an employer’s Required Expenditures.

  • The employer could choose to spend 60% of the Required Expenditures, or$767.81, on health insurance premiums paid to an insurance company (an Irrevocable Expenditure).

  • Notwithstanding anything in this Article to the contrary, if expenditures exceed the Allowable Variance for an emergency, as provided in Article 8.3 (Emergency and Required Expenditures), Operator shall not be required to secure the approval of the Participating Parties, as the expenditures will be borne by all Participating Parties.

  • The Covered Employee that separates from employment receives a separation notice within 3 days that includes all of the information described in Section F, Question 10.Note: Even if all of the above conditions are met, Revocable Expenditures can only comprise 40% of Required Expenditures for a given employee for Hours Payable in each quarter of 2015, and 20% for Hours Payable in each quarter of 2016.

  • Section 6.1 of the Existing Lease shall be amended by deleting all provisions specifically relating to the Initial Improvements, Additional Improvements, Required Improvements, Opening Goods and Services and Required Expenditures, and adding provisions requiring the Tenant to undertake the improvements set out in Schedule "C" attached hereto (the "Improvements") within the timelines set out in Schedule "C".

  • Common Components & Required Expenditures Appendix A contains an inventory of all site improvements which are common components, and a detailed schedule of projected Capital Expenditure (CapEx) budgets for these items: ✓ Block Wall Inspection – Scheduled at 10-year intervals starting in Year 1 ✓ Block Wall Repair (Decorative and Common) – Scheduled at 10-year intervals starting in Year 2.

  • Required Expenditures on International and Secondary Roads 20Table 7.

  • Required Expenditures on International and Secondary Roads (US$ million, unless otherwise indicated) Source: World Bank staff estimates Addressing the Financing Gap in the Road Sector The problem of insufficient resources to maintain the existing road network can be addressed by improving the efficiency of resource allocation, improving the prioritization of works, and generating additional revenues.

  • Recommendation re: Approval of Application for Exemption from the Required Expenditures for Classroom Teachers’ Salaries The Board approved the application for exemption from the required expenditures for classroom teachers’ salaries (Díaz-Slocum, MacAvoy; 5-0).


More Definitions of Required Expenditures

Required Expenditures means all costs, expenditures or amounts required to be expended, whether or not of a recurring nature, that are provided for in an Approved Budget.
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Required Expenditures means Capital Expenditures or Operating Expense necessary or required (a) to maintain the Company Assets under manufacturer recommendations and/or prudent industry practice, (b) to ensure safety in accordance with prudent industry practice; (c) to cause the capital assets or operations of the Company to comply with Laws, or (d) to permit the Company to comply with the terms of its Material Contracts pertaining to the Company Assets.
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Required Expenditures shall have the meaning set forth in Section 5.2 herein.
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Related to Required Expenditures

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Uncovered expenditures means the costs to the health care

  • Capitalized Expenditures means those expenditures that (i) would be capitalized under generally accepted accounting principles, and (ii) are incurred with respect to Shared-Loss Loans, Other Real Estate, Additional ORE or Subsidiary ORE. Capitalized Expenditures shall not include expenses related to environmental conditions including, but not limited to, remediation, storage or disposal of any hazardous or toxic substances or any pollutant or contaminant.

  • Net Capital Expenditures means for any period the amount by which Capital Expenditures during such period exceeds reimbursements for such items during such period from any fund established pursuant to the Loan Documents.

  • Maintenance Capital Expenditures means, for any period, the portion of the aggregate amount of all Capital Expenditures of the Borrower for such period attributable to maintenance of property, plant or equipment of the Borrower and the Restricted Subsidiaries, as determined in good faith by a Responsible Officer of the Borrower.

  • local expenditures means expenditures in the currency of the Borrower or for goods or services supplied from the territory of the Borrower; and

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • Qualified expenditures means capital expenditures that qualify, or would qualify except that the taxpayer entered into an agreement under subsection (13), for a rehabilitation credit under section 47(a)(2) of the internal revenue code if the taxpayer is eligible for the credit under section 47(a)(2) of the internal revenue code or, if the taxpayer is not eligible for the credit under section 47(a)(2) of the internal revenue code, the qualified expenditures that would qualify under section 47(a)(2) of the internal revenue code except that the expenditures are made to an historic resource that is not eligible for the credit under section 47(a)(2) of the internal revenue code that were paid. Qualified expenditures do not include capital expenditures for nonhistoric additions to an historic resource except an addition that is required by state or federal regulations that relate to historic preservation, safety, or accessibility.

  • Operating Expenditures means all Partnership Group cash expenditures (or the Partnership’s proportionate share of expenditures in the case of Subsidiaries that are not wholly owned), including taxes, compensation of employees, officers and directors of the General Partner, reimbursement of expenses of the General Partner and its Affiliates, debt service payments, Maintenance Capital Expenditures, repayment of Working Capital Borrowings and payments made in the ordinary course of business under any Hedge Contracts, subject to the following:

  • Expenditures means payments and contracts for goods, services, and construction which may be acquired competitively and are not regulated by separate authority, and, where the department acts as the sole or primary contracting officer and has selective discretion as to the supplier, vendor, or contractor. This definition does not apply to expenditures by the department of transportation for road and bridge construction projects which receive federal funds under section 112(b) of title 23 of the United States Code, 23 U.S.C. 112, 23 C.F.R. 635.104(a), and other applicable federal law until federal law recognizes small businesses owned by persons with disabilities.

  • Excluded Expenditure means any expenditure:

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Investment Capital Expenditures means capital expenditures other than Maintenance Capital Expenditures and Expansion Capital Expenditures.

  • Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) included in the Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld or delayed.

  • Capital Expenditure means expenditure on:

  • Independent expenditure means an expenditure by a person:

  • Consolidated Maintenance Capital Expenditures means, for any period, the aggregate amount of expenditures for additions to property, plant, and equipment that are not Consolidated Expansion Capital Expenditures.

  • Exploration Expenditures means the sum of:

  • Capital Expenditure Reserve means, on an annual basis, an amount equal to $0.15 per square foot for each property owned by a Borrower or the Parent (or a Subsidiary thereof).

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Emergency Expenditures means any of the eligible expenditures set forth in the CERC Manual referred to in Section I.F of Schedule 2 to this Agreement and required for the Contingent Emergency Response Part.

  • Consolidated Capital Expenditures means, for any period, the aggregate of all expenditures of Company and its Subsidiaries during such period determined on a consolidated basis that, in accordance with GAAP, are or should be included in “purchase of property and equipment” or similar items reflected in the consolidated statement of cash flows of Company and its Subsidiaries.

  • Unfinanced Capital Expenditures means, with respect to any Person and for any period, Capital Expenditures made by such Person during such period and not financed from any Net Cash Proceeds or Revolving Loans.

  • Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within the categories of capital expenditure set out at clause 36. The Secretary of State shall pay two separate and distinct grants in respect of Recurrent Expenditure: General Annual Grant (“GAG”) and Earmarked Annual Grant (“EAG”). Capital Grant