Significant Expenditure definition
Significant Expenditure means an expenditure or planned expenditure of the type described in clause (B) of the definition of Burdensome Termination Event.
Significant Expenditure means a single expenditure or a series of related expenditures in respect of non-severable improvements (i.e. improvements which cannot by the terms of Section 9.02(b) of the Lease be removed from the Aircraft) which (i) in the Lessee's reasonable judgment would exceed $10,000,000, and (ii) the Owner Participant will not permit to be financed on similar terms and conditions then available for similar transactions through the issuance of additional non-recourse notes of the Lessor or through additional equity investments of the Owner Participant or both (it being understood that Section 4.02(a)(D) of the Lease shall not impose any obligation on the Owner Participant to provide such financing). The Lessee, prior to notifying the Owner Participant and the Indenture Trustee in accordance with Paragraph (F) of this Schedule V of its election to purchase the Aircraft pursuant to Section 4.02(a)(D) of the Lease, shall notify the Owner Participant of the non-severable improvements which would satisfy the conditions described in clause (i) of the preceding sentence, and provide the Owner Participant with a reasonable opportunity to permit the financing thereof as contemplated in clause (ii) of such sentence. The Owner Participant shall notify the Lessee of their decision with respect to such financing within 60 days after the Lessee has given the notice described in the preceding sentence.
Significant Expenditure means expenditure that exceeds $250,000 (excluding GST) and that has not been budgeted for in the City’s Annual Budget.
Examples of Significant Expenditure in a sentence
So long as no Default in respect of Section 15(i), (v), (ix) or (x) or Event of Default shall have occurred and be continuing, the Lessee shall have the option to terminate this Facility Lease on any Basic Rent Payment Date occurring on or after January 15, 1999 on at least 90 days prior written notice to the Lessor, the Owner Participant and the Indenture Trustee to the effect that a Significant Expenditure in respect of a Project is planned or required.
More Definitions of Significant Expenditure
Significant Expenditure means one (1) percent or more of general rate income of the Council;
Significant Expenditure means a single expenditure or a series of related expenditures in respect of non-severable improvements (i.e. improvements which cannot by the terms of Section 9.02(b) of the Lease be removed from the Aircraft) which (i) in the Lessee's reasonable judgment (or, in the event the Owner Participant disagrees with such judgment, in accordance with the appraisal procedures set forth in Section 4.03 of the Lease) would exceed $10,000,000 and (ii) the Owner Participant will not permit to be financed on similar terms and conditions then available for similar transactions for like-situated lessees through the issuance of additional non-recourse notes of the Lessor or through additional equity investments of the Owner Participant or both (it being understood that Section 4.02(a)(D) of the Lease shall not impose any obligation on the Owner Participant to provide such financing). The Lessee, prior to notifying the Owner Participant and the Indenture Trustee in accordance with Paragraph (F) of this Schedule V of its election to purchase the Aircraft pursuant to Section 4.02(a)(D) of the Lease, shall notify the Owner Participant of the non-severable improvements which would satisfy the conditions described in clauses (i) and (iii) of the preceding sentence, and provide the Owner Participant with a reasonable opportunity to permit the financing thereof as contemplated in clause (ii) of such sentence. The Owner Participant shall notify the Lessee of their decision with respect to such financing within 60 days after the Lessee has given the notice described in the preceding sentence.
Significant Expenditure means expenditure that exceeds 0.1% of the City’s annual budgeted revenue (inclusive of GST) in the relevant financial year.
Significant Expenditure expenditures in excess of $5,000,000 for non-severable improvements to the Aircraft which constitute "Mandatory Modifications" as defined inss. D of Annex C to the Lease.
Significant Expenditure means expenditure that exceeds the tender threshold as prescribed in regulation 11(1) the Local Government (Functions and General) Regulations 1996.
Significant Expenditure means expenditure that exceeds 0.1% of the City’s annual budgeted revenue (inclusive of GST) in the relevant financial year. (As at 2017/2018 the estimated threshold is $14,158).
Significant Expenditure means any expenditure by the Company for any purpose, including building new structures, removing structures, land improvements such as addition a driveway, drainage field, septic system, labor contributed by any Member, legal fees, improvements, purchase of land, leasing of property, accounting fees, the value of which exceeds $500.00, to be adjusted annually according to the consumer price index.