Target Capex definition

Target Capex means the sum of (x) U.S.$9.352 million and (y) U.S.$1.0 million; provided, however, that the amount in clause (x) shall be pro-rated based on the number of days in 2013 occurring prior to the Closing to the extent that the Closing Date occurs prior to December 31, 2013.
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Target Capex means (i) the cumulative amount of capital expenditures set forth on the Capex Budget Schedule for each month commencing in January 2023 through the most recently completed month immediately prior to the Closing Date plus (ii) if the Closing does not occur on the last day of a month, the pro rata portion (determined on the number of days of the month until the Closing) of capital expenditures set forth on the Capex Budget Schedule for the month in which the Closing occurs.
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Target Capex means the amount of [•] per month, established in accordance with the CAPEX Plan. The Target CAPEX will be calculated considering the amount accrued from January 1, 2020 to the Closing Date, as demonstrated in Exhibit 3.7. For purposes of clarification, if the Closing occurs on October 31, 2021, the target CAPEX will be twenty-two (22) months, multiplied by [•].
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Examples of Target Capex in a sentence

  • The Target Capex Spend for Liberty Global shall be as set out in document 19.01 of the Liberty Global Data Room.

  • The Target Capex Spend for Vodafone shall be as set out in document 19.02 of the Liberty Global Data Room.

  • The Target Capex Spend for Liberty Global shall be as set out in document 19.01 of the Liberty Global Data Room as at the Completion Date, adjusted to deduct an amount equal to €14,500,000 (such that, assuming the Completion Date is 31 December 2016, the Liberty Global Target Capex Spend equals €309,800,000).

  • Incremental Project Costs paid by the Company prior to Closing which constitute Capex shall be recognised as Capex, provided that Non-Project Capex is above the cumulative Minimum Target Capex as set out in Part VI of Part B of Exhibit 5.

  • If Closing occurred on 31 December 2015 and Capex amounts to £ 580m, Sellers shall pay to the Purchaser £4m being the difference between the Capex (£580m) and the Minimum Target Capex (£584 m).

  • If the Estimated Capex Cash is less than the Target Capex Cash (as hereinafter defined) then the aggregate principal amount of Promissory Notes shall be decreased on a dollar for dollar basis by the amount of such difference.

  • If Closing occurred on 31st of December 2015 and Capex amounts to £ 586m, there is no Capex adjustment, the difference between Capex and Target Capex being less than 1%.

  • The Target Capex Spend for Vodafone shall be as set out in document 19.02 of the Liberty Global Data Room as at the Completion Date, adjusted to deduct an amount equal to €9,700,000 (such that, assuming the Completion Date is 31 December 2016, the Vodafone Target Capex Spend equals €259,300,000).

  • Adapun saat ini DRMA mengembangkan komponen EV yang meliputi paket baterai dan komponen elektronik untuk E-Bikes dan skuter listrik.Full Report : Klik disini Surya Semesta Internusa (SSIA) : Target Capex FY22Pada FY22, SSIA menganggarkan capex senilai IDR500-700bn yang ditujukan untuk pengembangan data center.

  • If Closing occurred on 31 December 2015 and Capex amounts to £ 594m, there is no Capex adjustment, the difference between Capex and Target Capex being less than 1%.


More Definitions of Target Capex

Target Capex means the forecasted cumulative consolidated Capex (being a positive number) for the period between 1 January 2015 and Closing according to Exhibit 5;
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Target Capex means the budgeted capital expenditures of the Company and the Company’s Subsidiaries planned for the period from December 29, 2013 to the day immediately prior to the Closing Date as set forth on Schedule 6.7 (pro rated for any partial period if the Closing Date is not the last day of a period set forth on Schedule 6.7); provided that any item listed on Schedule 6.7 which is addressed by way of an operating lease and approved by the Purchaser in its sole discretion will be deducted from the Target Capex. For illustrative purposes, if the Closing Date were to occur on June 18, 2014 the Target Capex would be $4,196,440.71 (calculated as the sum of (i) the budgeted capital expenditures for periods 1 through 5 ($3,850,515), plus (ii) the pro rated portion for 24 of the 35 days in period 6 ($345,925.71));
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Target Capex means, the total capital expenditures with respect to the Business as set forth in Schedule 1 attached hereto.
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Target Capex means the aggregate amount of projected CapEx, as set forth on the CapEx Schedule, during the period commencing on the date of this Agreement and ending on (and including) the First Closing Date, it being understood that if the First Closing Date is not the last day of a fiscal quarter, the projected CapEx for the fiscal quarter in which the First Closing occurs shall equal the product of (a) the total amount of projected CapEx for the fiscal quarter in which the First Closing Date occurs multiplied by (b) a fraction, the numerator of which is the number of days elapsed in such fiscal quarter through (and including) the First Closing Date and the denominator of which is the total number of days in such fiscal quarter.
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Related to Target Capex

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

  • M1 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 70.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • Target Percentage means those percentages assigned to Participants pursuant to Section 3.2 hereof.

  • M2 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 81.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • M5 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 86.20% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount.

  • M4 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 84.30% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount.

  • Senior Target Amount With respect to each Distribution Date, an amount equal to the lesser of (a) the product of (i) 77.30% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Cumulative EBITDA means, as of any date of determination, EBITDA of the Company from the Existing Notes Issue Date to the end of the Company’s most recently ended full fiscal quarter prior to such date, taken as a single accounting period.

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

  • Target Value shall have the meaning stated in Section 7.2 of Schedule D to this Agreement.

  • Target means Trans-European Automated Real-time Gross Settlement Express Transfer payment system.

  • Target Amount is defined in Section 4.3(b)(i).

  • Property EBITDA means for any property owned by Ventas, Inc. or any of its Subsidiaries as of the date of determination, for any period of time, the net income (loss) derived from such property for such period, before deductions for (without duplication):

  • Target Overcollateralization Amount means, with respect to any Payment Date, 3.00% of the Adjusted Pool Balance as of the Cut-off Date. Notwithstanding the foregoing, the Target Overcollateralization Amount shall not exceed the Adjusted Pool Balance on such Payment Date.

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • Overcollateralization Target Amount means 0.85% of the Adjusted Pool Balance as of the Cutoff Date.

  • TARGET 2 means the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007.

  • EBITDA Margin means the ratio between (a) EBITDA and (b) total toll and other concession revenues.

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Adjusted EPS means earnings per share further adjusted for share-based payments, amortization of acquired intangible assets, items outside the normal scope of our ordinary activities (including other items, within selling, general and administrative expenses, losses/(gains) on items held at fair value and remeasurements through profit and loss, impairment losses on tangible assets, and impairment losses on intangible assets) and the related tax effects of these adjustments. Adjusted EPS provides a basis for comparison of our business operations between current, past and future periods by excluding items that we do not believe are indicative of our core operating performance. Adjusted EPS may not be comparable to other similarly titled metrics of other companies.

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • KPI Target means the acceptable performance level for a KPI as set out in each KPI;

  • Earnout Period has the meaning specified in Section 2.03(a).

  • REMIC 2 Overcollateralization Target Amount 1.00% of the Overcollateralization Target Amount.