Unfunded Capital Expenditures means, as to any Borrower, without duplication, a Capital Expenditure funded (a) from such Borrower’s internally generated cash flow or (b) with the proceeds of a Revolving Advance or Swing Loan.
Unfunded Capital Expenditures means Capital Expenditures made with Internally Generated Funds and, for the avoidance of doubt, not including Capital Expenditures funded through or by funds provided by any Customer or supplier for such purpose.
Unfunded Capital Expenditures means Capital Expenditures made through Revolving Advances or out of Borrowers’ own funds other than through equity contributed subsequent to the Closing Date or purchase money or other financing or lease transactions permitted hereunder.
Examples of Unfunded Capital Expenditures in a sentence
Borrower shall have a maximum aggregate amount of Unfunded Capital Expenditures for the 2009 fiscal year no greater than $8,000,000.
For the 2010 fiscal year, the maximum allowed aggregate amount of Unfunded Capital Expenditures shall be determined by Bank and Borrower by December 31, 2009 and otherwise by Bank in its good faith business judgment.
More Definitions of Unfunded Capital Expenditures
Unfunded Capital Expenditures means Capital Expenditures other than Capital Expenditures that are specifically financed by lenders other than the Lenders hereunder within 60 days of the date such amount became a Capital Expenditure.
Unfunded Capital Expenditures means Capital Expenditures paid in cash or funded with non-amortizing debt.
Unfunded Capital Expenditures means, as to any Loan Party, without duplication, Capital Expenditures funded (a) from such Loan Party’s internally generated cash flow or (b) with the proceeds of a Revolving Advance or Swing Loan.
Unfunded Capital Expenditures means Capital Expenditures which are paid for by a Person other than with the proceeds of Indebtedness for Money Borrowed (other than the Loans) incurred to finance such Capital Expenditures and other than those represented by Capitalized Lease Obligations.
Unfunded Capital Expenditures means capital expenditures made from the Borrower’s funds other than funds borrowed as term debt to finance such capital expenditures. All of the above financial covenants shall be computed and determined in accordance with GAAP applied on a consistent basis (subject to normal year-end adjustments)
Unfunded Capital Expenditures means Capital Expenditures made through Revolving Advances (as such term is defined in the PNC Loan Agreement) or out of the Guarantor’s own funds other than through equity contributed subsequent to the Closing Date or purchase money or other financing or lease transactions permitted hereunder.
Unfunded Capital Expenditures means, for any relevant period, the amount of Capital Expenditures paid for out of ordinary operating cash flow and not financed through the incurrence of debt or the issuance of equity.