Unit Capital Expenditure definition

Unit Capital Expenditure means, on an annual basis, an amount equal to the product of (a) the number of apartment units contained in each completed, operating Property owned by Borrower and any Subsidiary as of the last day of each of the immediately preceding five (5) calendar quarters, divided by five (5); and multiplied by (b) $200.00. The following terms shall have the respective meanings ascribed to them in the Uniform Commercial Code as enacted and in force in the State of Texas on the date hereof:
Sample 1
Unit Capital Expenditure means, for the purpose of determining the Fixed Charge Coverage Ratio and Value, on an annual basis, an amount equal to the sum of (a) the aggregate number of gross square feet contained in each completed, operating office building owned by the Company or its Subsidiary as of the last day of the applicable reporting period (or calendar quarter), multiplied by $0.75, plus (b) the aggregate number of gross square feet contained in each completed, operating Industrial Building owned by the Company or its Subsidiary as of the last day of the applicable reporting period (or calendar quarter), multiplied by $0.10.
Sample 1
Unit Capital Expenditure means, on an annual basis, an amount equal to (a) for use in the Fixed Charged Coverage Ratio, the sum of (i) the aggregate number of gross square feet contained in each completed, operating office building owned by Borrower or its Subsidiary as of the last day of the applicable reporting period (or calendar quarter), multiplied by $0.75, plus (ii) the aggregate number of gross square feet contained in each completed, operating Industrial Building owned by Borrower or its Subsidiary as of the last day of the applicable reporting period (or calendar quarter), multiplied by $0.15; and (b) for use in defining Value, the sum of (i) the aggregate number of gross square feet contained in each completed, operating office building owned by Borrower or its Subsidiary as of the last day of the applicable reporting period (or calendar quarter), multiplied by $0.75, plus (ii) the aggregate number of gross square feet contained in each completed, operating Industrial Building owned by Borrower or its Subsidiary as of the last day of the applicable reporting period (or calendar quarter), multiplied by $0.15. USA Patriot Act shall mean the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56, as the same has been, or shall hereafter be, renewed, extended, amended or replaced. Value shall mean the sum of (a) for Property that has reached the Stabilization Date and that Borrower or its Subsidiary has owned for the full preceding six (6) calendar months, the result of dividing (i) the aggregate Net Operating Income of the subject Property based on the immediately preceding six (6) calendar months and multiplied by two (2), less the aggregate Unit Capital Expenditure for such Property, by (ii) seven and one-half percent (7.5%); plus (b) for Property that has been constructed but that has not reached the Stabilization Date or that has not been owned by Borrower or its Subsidiary for the full preceding six (6) calendar months, the aggregate Historical Value of the subject Property. Withholding Certificate shall have the meaning ascribed thereto in Section 3.9(e). The following terms shall have the respective meanings ascribed to them in the Uniform Commercial Code as enacted and in force in the Commonwealth of Pennsylvania on the date hereof: accessions, continuation statement, fixtures, general intangibles, proceeds, security interest and security agreement.
Sample 1

Examples of Unit Capital Expenditure in a sentence

  • Includes two different options:3) Factor Productivity analysis (Total or Partial): Review of historic productivity improvements for other sectors, over business cycles.4) Top-down unit costs (or Real Unit Capital Expenditure): Review of changes in unit costs in other regulated sectors, over price controls.Examples of use in other sectors are as follows: Ofgem’s regulation of GB energy networks.

  • The Site-LCOE was calculated with Unit Capital Expenditure (UCE) at 56,707,554 in Php/MW, the Capital Recovery Factor (CRF), the fixed cost for operation and maintenance at 673,240 in Php/MWh-year (FCOM) and the capacity factor (CF) at 14%.


More Definitions of Unit Capital Expenditure

Unit Capital Expenditure means, for the purpose of determining the Fixed Charge Coverage Ratio and Value, on an annual basis, an amount equal to the sum of (a) the aggregate number of gross square feet contained in each completed, operating office building owned by the Company or its Subsidiary as of the last day of the applicable reporting period (or calendar quarter), multiplied by $0.75, plus (b) the aggregate number of gross square feet contained in each completed, operating Industrial Building owned by the Company or its Subsidiary as of the last day of the applicable reporting period (or calendar quarter), multiplied by $0.10. “United States” or “U.S.” means the United States of America. “Unsecured Debt” means all Indebtedness other than Secured Debt. “Unsecured Interest Expense” means the Company’s Interest Expense on all of the Company’s Unsecured Debt. “USA PATRIOT Act” means United States Public Law 107-56, Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001, as amended from time to time, and the rules and regulations promulgated thereunder from time to time in effect. “U.S. Economic Sanctions Laws” means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act,
Sample 1
Unit Capital Expenditure means, for the purpose of determining the Fixed Charge Coverage Ratio and Value, on an annual basis, an amount equal to the sum of (a) the aggregate number of gross square feet contained in each completed, operating office building owned by the Company or its Subsidiary as of the last day of the applicable reporting period (or calendar quarter), multiplied by $0.75, plus (b) the aggregate number of gross square feet contained in each completed, operating Industrial Building owned by the Company or its Subsidiary as of the last day of the applicable reporting period (or calendar quarter), multiplied by $0.10. “United States” or “U.S.” means the United States of America. “Unsecured Debt” means all Indebtedness other than Secured Debt. “Unsecured Interest Expense” means the Company’s Interest Expense on all of the Company’s Unsecured Debt. “USA PATRIOT Act” means United States Public Law 107-56, Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001, as amended from time to time, and the rules and regulations promulgated thereunder from time to time in effect. “U.S. Economic Sanctions Laws” means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act, in each case as amended from time to time, and any other OFAC Sanctions Program. “Value” means the sum of (a) for Property (other than Property described in (b) below and clauses (e) and (g) of the definition of Total Asset Value), the result of dividing (i) the aggregate Net Operating Income of the subject Property based on the immediately preceding six calendar B-15
Sample 1

Related to Unit Capital 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.

  • Investment Capital Expenditures means capital expenditures other than Maintenance Capital Expenditures and Expansion 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 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 means expenditure on:

  • 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.

  • 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.

  • 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 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).

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

  • 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.

  • 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).

  • 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.

  • 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.

  • Non-Financed Capital Expenditures means Capital Expenditures not financed by the seller of the capital asset, by a third party lender or by means of any extension of credit by Lender other than by means of an Advance under the Revolving Credit Facility.

  • Unfunded Capital Expenditures means those Capital Expenditures which are not financed by Funded Debt.

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

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

  • Expenditure means the outlay of cash or the amount due and owing after receipt of goods or services included in the Scope of Work.

  • 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:

  • Exploration Expenditures means the sum of:

  • Expenditure Incurred means the fund, whether the equity or debt or both, actually deployed and paid in cash or cash equivalent, for creation or acquisition of a useful asset and does not include commitments or liabilities for which no payment has been released;

  • 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