Non-Financed Capital Expenditures definition

Non-Financed Capital Expenditures means Capital Expenditures paid in cash and not financed with Indebtedness for borrowed money.

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.

Non-Financed Capital Expenditures means, without duplication, any Capital Expenditures other than that portion of such Capital Expenditures financed with (i) operating leases, (ii) Capitalized Leases or (iii) purchase money Indebtedness permitted under Section 6.11.

Examples of Non-Financed Capital Expenditures in a sentence

• For purposes of this provision, excess cashflow is EBITDA minus Non-Financed Capital Expenditures, permitted compensation (see Paragraph 7.10), cash taxes paid, and all principal and interest payments.

• Borrowers shall not make or incur Non-Financed Capital Expenditures in excess of$2,000,000 during any fiscal year.

• The term “Fixed Charge Coverage Ratio” is to be determined for the Borrower on a combined basis in accordance with GAAP and means and includes with respect to any fiscal period the ratio of (a)(i) EBITDA of Borrower on a combined basis, minus (ii) Non-Financed Capital Expenditures made by the Borrower on a combined basis during such period (including, without limitation, expenditures for software) to (b) Fixed Charges of the Borrower on a combined basis during such period.

• Over-the-counter medication (Acetaminophen, Ibuprofen, Benadryl, etc.) will only be given provided that the appropriate authorization is signed by the parent/guardian and is on file in the infirmary.

More Definitions of Non-Financed Capital Expenditures

Non-Financed Capital Expenditures means, with respect to any Person for any applicable period, the Capital Expenditures of such Person made in cash during such period, excluding any Capital Expenditures paid from proceeds of Indebtedness (other than proceeds of Indebtedness arising from borrowings under the Revolving Credit Loans, the Swingline Loan, or the Floor Plan Loans).

Non-Financed Capital Expenditures means, for the prior twelve-month period, all Capital Expenditures other than those made utilizing financing provided by the applicable seller or third party lenders or fundings under the Facility.

Non-Financed Capital Expenditures means the total amount of Capital Expenditures for any period, as determined on a Consolidated basis in accordance with GAAP, made by the Credit Parties and their Subsidiaries determined exclusive of those Capital Expenditures made from (a) funds borrowed by a Borrower (for purposes of this clause (a) “funds borrowed” will not include funds borrowed from Lenders as a Revolving Loan) or pursuant to any Capital Lease or (b) the Net Proceeds from any Casualty Loss.

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).

Non-Financed Capital Expenditures means, for any Person, Capital Expenditures other than those financed within 30 days after incurrence with long-term Debt (other than Revolving Loans or Swingline Loans) incurred by such Person, or pursuant to a sale and leaseback transaction.

Non-Financed Capital Expenditures means Capital Expenditures which are paid by any member of the Borrower Consolidation from assets of the Borrower Consolidation and not from the Credit Facility or through any other loan, credit agreement, lease or financing from any source.

Non-Financed Capital Expenditures means, for any period, all Capital Expenditures made during such period that have not been funded with the proceeds of purchase money financing (including, without limitations, finance leases) other than the proceeds of Loans.