Specified Expenditures definition

Specified Expenditures means Inventory CapEx, Fixed Operating Expenditures and Marketing Spend. “Specified Expenditures Cap” means (i) with respect to Inventory CapEx, the Inventory CapEx Cap, (ii) with respect to Fixed Operating Expenditures, the FOE Cap and (iii) with respect to Marketing Spend, the Marketing Spend Cap. “Specified Expenditures Test Period” means (i) with respect to Inventory CapEx, the Inventory CapEx Test Period, (ii) with respect to Fixed Operating Expenditures, the FOE Test Period and (iii) with respect to Marketing Spend, the Marketing Spend Test Period. “Specified Subordination Agreement” shall mean a subordination agreement, in form and substance reasonably satisfactory to the Agent and the Lenders in all respects, if executed, to be executed by and between the Senior Agent and the Agent and to be acknowledged and agreed by the Borrower and the Guarantors, as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with the terms thereof. For the avoidance of doubt, no Specified Subordination Agreement is in effect on the Seventh Amendment Effective Date. “Subordinated Debt” shall mean any unsecured Funded Debt of any Credit Party and other obligations under the Subordinated Debt Documents and any other Funded Debt of any Credit Party which has been subordinated in right of payment and priority to the Indebtedness, all on terms and conditions satisfactory to the Agent. “Subordinated Debt Documents” shall mean and include any documents evidencing any Subordinated Debt, in each case, as the same may be amended, modified, supplemented or otherwise modified from time to time in compliance with the terms of this Agreement. “Subordination Agreements” shall mean, collectively, any subordination agreements entered into by any Person from time to time in favor of the Agent in connection with any Subordinated Debt, the terms of which are acceptable to the Agent, in each case as the same may be amended, restated or otherwise modified from time to time, and “Subordination Agreement” shall mean any one of them. “Subsidiary(ies)” shall mean any other corporation, association, joint stock company, business trust, limited liability company, partnership or any other business entity of which more than fifty percent (50%) of the outstanding voting stock, share capital, membership, partnership or other interests, as the case may be, is owned either directly or indirectly by any Person or one or more of its Subsidiaries. Unless ot...
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Specified Expenditures means, to the extent otherwise permitted by the Credit Agreement, the payment of (i) claims, (ii) "no claims" bonuses and profit commissions, (iii) reinstatement premiums, (iv) cash calls to Lloyd's, (v) retention bonuses and severance payments pursuant to existing retention bonus and severance arrangements, (vi) rent pursuant to current leases, (vii) insurance guaranty fund assessments and premium, (viii) insurance premium tax payments, (ix) federal and state income tax payments, (x) employee benefit insurance premiums, (xi) external audit fees, (xii) internal audit fees, (xiii) fees and expenses incurred in connection with the Credit Documents and (xiv) investment management fees incurred in connection with the management of the investment portfolio of Holdings and its Subsidiaries.
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Specified Expenditures means the expenditures made by any Loan Party or any of its Subsidiaries in connection with a Permitted Project to the extent that such expenditures consist of, or relate to, constructions costs, business development costs, start-up and pre-opening costs, refurbishment expenses, buyout expenses or other line items included in the applicable approved budget(s) for any Permitted Project.”
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Examples of Specified Expenditures in a sentence

  • Company shall provide, and cause each of its Subsidiaries and the JV Entities to provide, to the Engineering Consultant all information reasonably requested by the Engineering Consultant and related to the Permitted Projects and/or the Specified Expenditures.

  • By: Name: Title: TELLURIAN PRODUCTION LLC By: Name: Title: TELLURIAN OPERATING LLC By: Name: Title: Exhibit A to Omnibus Amendment and Consent SCHEDULE I Specified Expenditures The following categories of expenses relating to the XXXXX, formerly known as XXXXX, 25X36 14 10 HC 1-ALT well, which is set forth on the APOD, in an aggregate amount not to exceed $100,000: (a) Land Services & Expenses, (b) Legal Fees & Expenses, and (c) Permits, Surveys & Regulatory Expenses.

  • Provide, and cause each of its Subsidiaries and the JV Entities to provide, to the Engineering Consultant all information reasonably requested by the Engineering Consultant that is related to the Permitted Projects and/or the Specified Expenditures.


More Definitions of Specified Expenditures

Specified Expenditures appearing in Schedule I to the Credit Agreement is hereby amended by (i) deleting the word "and" appearing immediately before clause (xiv) thereof and inserting a comma in lieu thereof and (ii) inserting the following new clauses (xv) and (xvi) immediately after the end of clause (xiv) thereof:
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Specified Expenditures appearing in Schedule I to the Holdings Guaranty is hereby amended by (i) deleting the text "Credit Agreement" appearing therein and inserting the text "Credit Documents" in lieu thereof and (ii) deleting the word "and" appearing immediately before clause (xvi) thereof and inserting a comma in lieu thereof and inserting the following new clauses (xvii), (xviii), (xix) and (xx) immediately after the end of clause (xvi) thereof: ", (xvii) reasonable fees and expenses of the holders of the Trenwick Senior Notes incurred in connection with the restructuring thereof, (xviii) expenditures for reinsurance premium cessions, deposit premiums, imprest account funding, commissions, bonus commissions and brokerage fees, return premium, losses and loss adjustment expenses, commutation payments, claim loss fund accounts, (xix) regulatory fees, 401(k) contributions, pension contributions, payroll, CAT modeling license fees, software licensing fees, financial printing costs, legal fees for reinsurance recovery and claims, accounting, actuarial and tax services not related to the restructuring of Holdings and its subsidiaries, systems development and maintenance fees, insurance and reinsurance premiums, disaster recovery fees, insurance dispute resolution requirements, insurance premiums for director's and officer's policies and errors and omissions policies and rating agency fees and (xx) other expenses incurred in the ordinary course of business, so long as (A) Holdings has notified each Bank in writing no later than 5 Business Days before Holdings or the applicable Subsidiary makes such expenditure, which notice shall specify (w) the entity that will make such payment, (x) the amount of the payment, (y) a description of the expenditure and (z) the date such payment will be made and (B) the Required Banks do not object to Holdings' or the applicable Subsidiary's making such payment prior to the date specified in the notice previously delivered pursuant to this clause (xix)."
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Specified Expenditures means cash expenditures, in an aggregate amount not exceeding $175,000,000, made after September 30, 2000 relating to the Company's six "Strategic Global Initiatives" described in the Confidential Information Memorandum.
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Related to Specified Expenditures

  • 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.

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

  • Qualified expenses means lost wages not compensated by sick pay and unreimbursed medical expenses as defined for federal income tax purposes, to the extent not deducted in computing federal taxable income, whether or not the taxpayer itemizes federal income tax deductions.

  • Excluded Expenditure means any expenditure:

  • 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.

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

  • Qualifying Expenditures means those expenditures for energy conservation measures that have a simple payback period of not less than one year and not more than 10 years and expenditures for the above-market costs of new renewable energy resources, provided that the Oregon Department of Energy may establish by rule a limit on the maximum above-market cost for renewable energy that is allowed as a credit.

  • 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.

  • 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.

  • Operating Expenditures means all Partnership Group expenditures, including, but not limited to, taxes, reimbursements of the General Partner, repayment of Working Capital Borrowings, debt service payments and capital expenditures, subject to the following:

  • Eligible Expenditures means expenditures in respect of the reasonable cost of goods, works and services required for the Project and to be financed out of the proceeds of the Loan allocated from time to time to the eligible Categories in accordance with the provisions of Schedule 1 to this Agreement; and

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

  • 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.

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • 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.

  • 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 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.

  • 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.

  • 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”, or that should otherwise be capitalized, as reflected in the consolidated statement of cash flows of Company and its Subsidiaries.

  • Exploration Expenditures means the sum of: