Target Capital Expenditures definition

Target Capital Expenditures means (x) if the Closing Date is May 2, 2005, U.S.$21,113,000, or (y) if the Closing Date is not May 2, 2005, the aggregate amount of capital expenditures scheduled to be made in accordance with the Capital Budgets (as reflected on Schedule 6.2(q) to the Purchase Agreement) during the period commencing on January 1, 2005 and ending at the close of business on the Closing Date (it being understood that in the event the Closing Date does not occur on the last day of a calendar quarter, the amount of capital expenditures scheduled to be made for such shorter period shall be deemed to equal the aggregate amount of capital expenditures scheduled to be made during the applicable calendar quarter divided by ninety (90) and multiplied by the number of calendar days which have elapsed between the beginning of such calendar quarter and the Closing Date), in each case, calculated in the manner and upon the numbers set forth on Schedule 6.2(q).
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Target Capital Expenditures means the capital expenditures budgeted for in the Management Standalone Long-Range Plan approved by the Company Special Committee on September 6, 2023.
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Target Capital Expenditures means the gross capital expenditures (excluding all tenant allowances or similar lease incentives which offset gross capital expenditures), the payment of which is provided for in the Company’s capital expenditure plan set forth in Section 1.03(a) of the Company Disclosure Letter (the “CapEx Plan”), from May 6, 2007 through the fiscal month ending immediately prior to the Closing Date plus an amount equal to (A) the amount of the gross capital expenditures (excluding all tenant allowances or similar lease incentives which offset gross capital expenditures), the payment of which is provided for in the CapEx Plan, for the fiscal month in which the Closing Date occurs multiplied by (B) the number of days elapsed in the fiscal month up through and including the last business day immediately prior to the Closing Date divided by (C) the number of days in such fiscal month. Set forth on Section 1.03(a) of the Company Disclosure Letter is an example showing how the Initial Payment would be adjusted and Final Adjustment would be calculated based on certain stated assumptions relating to the capital expenditure adjustment described below. Such assumptions are provided solely for the purpose of illustrating these calculations.
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Examples of Target Capital Expenditures in a sentence

  • The Company shall use its reasonable best efforts to incur and spend between the date of this Agreement and the Closing Date, an amount of Capex that is no less than the Target Capital Expenditures.

  • In the event that Ashland believes that Ashland’s Adjusted Capital Expenditures will be less than Ashland’s Target Capital Expenditures, Ashland may at any time prior to the determination by the Capital Expenditure Accounting Firm of its decision pursuant to Section 4.4(e) pay to the Company all or any part of its estimate of such shortfall in immediately available funds, plus interest on such payment at the Prime Rate from the Closing Date to the date of payment.

  • If the Closing occurs after January 1, 1998, Marathon and Ashland shall negotiate in good faith to reach an agreement as to whether an adjustment should be made to Marathon’s Target Capital Expenditures and Ashland’s Target Capital Expenditures as a result of such change in the Closing Date and the basis for any such adjustment.

  • If, as finally determined pursuant to this Section 4.4, Ashland’s Target Capital Expenditures exceeds the actual amount of Ashland’s Adjusted Capital Expenditures for the period, Ashland shall pay to the Company the amount of such shortfall less any amount paid to the Company pursuant to Section 4.4(f) (excluding interest) in immediately available funds, plus interest on such net payment at the Prime Rate from the Closing Date to the date of payment.


More Definitions of Target Capital Expenditures

Target Capital Expenditures means $95,000,000.00.
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Target Capital Expenditures means Borrower's Capital Expenditures incurred in connection with Borrower's agreements with and provision of services to Target Corporation or its Affiliates.
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Target Capital Expenditures means an amount equal to (x) the Aggregate Monthly Capital Expenditures plus (y) (1) the number of days that have elapsed prior to the Closing (including the Closing Date) for the calendar month in which the Closing occurs divided by the total number of days in the calendar month in which the Closing occurs multiplied by (2) the Monthly Capital Expenditures solely for the calendar month in which the Closing Date occurs.
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Target Capital Expenditures means the amount of Capital Expenditures to be spent during the period from March 30, 2014 until the Closing Date, as determined in accordance with the Capital Expenditure Budget; provided, that with respect to the fiscal month in which the Closing Date occurs, the amount of Capital Expenditures for such fiscal month set forth in the Capital Expenditure Budget shall be prorated based on the number of days in such fiscal month occurring prior to the Closing Date.
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Target Capital Expenditures shall have the meaning set forth in the Capital Expenditure Plan.
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Target Capital Expenditures shall have the meaning set forth in the Capital Expenditure Plan. “Target Net Working Capital” shall have the meaning set forth in the Sample NWC Adjustment Report.
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Related to Target Capital Expenditures

  • 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.

  • Capital Expenditure means expenditure on: a) the acquisition of land and buildings; b) the erection, enlargement, improvement or demolition of any building including fixed plant, installation, wall, fence or other structure, or any playground or hard standing;

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

  • Exploration Expenditures means the sum of all costs of acquisition and maintenance of the Property, all exploration and development expenditures and all other costs and expenses of whatsoever kind or nature including those of a capital nature, incurred or chargeable by KRC with respect to the exploration and development of the Property and the placing of the Property into Commercial Production.

  • 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

  • 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: