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 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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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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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 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 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 means $95,000,000.00.
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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 shall have the meaning set forth in the Capital Expenditure Plan.
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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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Related to Target Capital Expenditures

  • 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).

  • 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.

  • 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.

  • 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.

  • 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.

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

  • Unfinanced Capital Expenditures means, for any period, Capital Expenditures made during such period which are not financed from the proceeds of any Indebtedness (other than the Revolving Loans; it being understood and agreed that, to the extent any Capital Expenditures are financed with Revolving Loans, such Capital Expenditures shall be deemed Unfinanced Capital Expenditures).

  • 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.

  • 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.

  • 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).

  • 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.

  • 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.

  • Unfunded Capital Expenditures means capital expenditures made from the Borrower’s funds other than funds borrowed as term debt to finance such capital expenditures.

  • 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;

  • Non-Financed Capital Expenditures means, for any period, Capital Expenditures during such period other than Capital Expenditures funded with the proceeds of Indebtedness (excluding ABL Revolving Loans).

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

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

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.

  • Annual Capital Expenditure Adjustment means, for any retail Property, an amount equal to the product of (a) $0.15 multiplied by (b) the aggregate net rentable area (determined on a square feet basis) of all such Properties.

  • Uncovered expenditures means the costs to the health maintenance organization for health care services that are the obligation of the health maintenance organization, for which an enrollee may also be liable in the event of the health maintenance organization's insolvency and for which no alternative arrangements have been made that are acceptable to the commissioner.

  • 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").

  • 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

  • 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.

  • 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: