Unfunded Capital Expenditure definition

Unfunded Capital Expenditure means Capital Expenditures made from Borrower’s funds other than funds borrowed as term debt or capital leases to finance such Capital Expenditures.
Sample 1Sample 2Sample 3
Unfunded Capital Expenditure means capital expenditures not funded by borrowing or from a source other than the Companies. “U.S. Senior Lender” means De Xxxx Xxxxxx Financial Services, Inc. “Warrant” means the warrant for 5% of the Capital Stock of Emtec issued in favor of the Investor, substantially in the form attached hereto as Exhibit C.
Sample 1
Unfunded Capital Expenditure. The following new definition of Unfunded Capital Expenditure shall be added to Annex I:
Sample 1

Examples of Unfunded Capital Expenditure in a sentence

  • The Annual Unfunded Capital Expenditure Reserve shall be appropriately revised at such time as any Real Estate Asset (including the Unencumbered Assets) or interest therein is acquired or sold by the Borrower.

  • The Annual Unfunded Capital Expenditure Reserve for 1997 shall be calculated at the rate of $1.50 per square foot for each now existing or hereafter acquired Real Estate Asset.

  • The Borrower shall have delivered and the Agent shall have approved initial schedules of the Annual Unfunded Capital Expenditure Reserve covering the 1997 fiscal year.

  • FOR THE PERIOD COMMENCING ON THE 10/01/01 AND ENDING ON 12/31/01, the ratio of (a) EBITDA as measured on a four quarter trailing basis to (b) the SUM of (i) the total consolidated and regularly scheduled principal and interest payments of Total Funded Indebtedness for such four quarter trailing period, PLUS (ii) Unfunded Capital Expenditure Payments for such four quarter trailing period, MINUS (iii) the US $1,000,000 Japanese principal payment paid by Vari-Lite Asia, Inc.

  • FOR ALL PERIODS AFTER 12/31/01, the ratio of (a) EBITDA as measured on a four quarter trailing basis to (b) the SUM of (i) the total consolidated and regularly scheduled principal and interest payments of Total Funded Indebtedness for such four quarter trailing period, PLUS (ii) Unfunded Capital Expenditure Payments for such four quarter trailing period, PLUS (iii) the amount of taxes paid by International on a consolidated basis during such four quarter trailing period.

  • The Borrower shall have delivered and the ---------------- Agent shall have approved initial schedules of the Annual Unfunded Capital Expenditure Reserve covering the 1997 fiscal year.

  • For any fiscal quarter, Net ------------------------------------------- Operating Income for each Unencumbered Asset for such quarter minus the Annual ----- Unfunded Capital Expenditure Reserve for such Unencumbered Asset in effect for such quarter.

  • FOR THE PERIOD COMMENCING ON THE 07/01/01 AND ENDING ON 09/30/01, the ratio of (a) EBITDA as measured from 01/01/01 to 09/30/01 to (b) the SUM of (i) the total consolidated and regularly scheduled principal and interest payments of Total Funded Indebtedness for the period 01/01/01 to 09/30/01, PLUS (ii) Unfunded Capital Expenditure Payments for the period 01/01/01 to 09/30/01, MINUS (iii) the US $1,000,000 Japanese principal payment paid by Vari-Lite Asia, Inc.


More Definitions of Unfunded Capital Expenditure

Unfunded Capital Expenditure means expenditures by Borrowers for the acquisition of capital equipment, improvements or other capital assets that are not funded by the incurrence of any Indebtedness or cash received from Borrower’s $3.75MM Rights Offering in November of 2010.”
Sample 1

Related to Unfunded Capital Expenditure

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

  • 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.

  • 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).

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

  • 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.

  • 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.

  • 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;

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

  • 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 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 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.

  • 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.

  • 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.

  • 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.

  • 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.

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

  • Expenditure minimum means:

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

  • Qualified rehabilitation expenditures means capital

  • 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").

  • Unfunded Commitment means, with respect to each Lender, the Commitment of such Lender less its Revolving Credit Exposure.

  • 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

  • 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.

  • Unfunded Commitments means legally binding investment commitments that are tracked and recorded by the institution's financial reporting system.