Capex. Capex has the meaning as defined in Schedule 10 Definitions.
Capex. According to the financial model provided, the total Project Cost including modules and sales tax will be $[ ● ] or $[ ● ]/WDC. Total direct costs of $[ ● ] ($[ ● ]/WDC) for a PV + storage project of this characteristics, size and location can be considered normal in current market conditions.
Capex. The Borrower shall provide to the Facility Agent on an annual basis the budget outlining (i) the capital expenditure requirements for the immediately following period of twelve (12) months including commentary on any technical issues, downtime and operational record and (ii) such capital expenditure should not exceed ten millions Dollars (US$10,000,000) per annum unless any excess is funded by further equity or debt provided to the Borrower in accordance with the terms of clause 12.1.25(a).
Capex. Except (A) as set forth in the capital budget provided to Parent, or (B) for expenditures related to operational emergencies as to which notice to and opportunity to grant approval by Parent is not practicable, make or authorize capital expenditures in excess of $2,000,000in the aggregate;
Capex. The Capex incurred in each fiscal year over the life of the Financing, specifically excluding the amounts invested in other companies as foreseen in the Financial Model and defined therein as Investments in Related Parties, may not exceed TWELVE MILLION EUROS (€12,000,000), and the maximum aggregate amount for the entire period of time may not exceed FIFTY MILLION EUROS (€50,000,000). In any event, if in any given fiscal year the Borrower were to make investments below the annual established limit, it would be allowed to increase the Capex limit for the next fiscal year in an amount equivalent to the difference between the annual limit and the amount actually incurred, although the Borrower shall only be allowed to do this once during the life of the Financing. The amount of the Deferred Payments and any additional payments for Adjustments to the Purchase-Sale Price made by Telvent Export during the life of the Financing as stipulated in the Purchase-Sale Agreement shall count towards the Capex limit for the fiscal year in which such payments are made. Prior to making any such payments, the Borrower shall provide the Agent with a certificate signed by a duly authorised representative of the Borrower stating that there will be no breach of the Financial Ratios as a consequence of making such payments. The above notwithstanding, the Borrower shall be authorised to exceed the Capex limits established in this section provided that it will result in a breach of the Debt Ratio and the Debt Service Coverage Ratio in relation to the next to calculation periods of the Financial Ratios as a consequence of having exceeded the limits. To this end, if the Borrower decides to exceed the Capex limits, it shall be obliged to provide the Agent with a certificate, signed by a duly authorised representative of the Borrower, including a forecast of the Debt Ratio and Debt Service Coverage Ratio for the next to periods covered by the Financial Ratio calculation, certifying compliance once the total Capex figure has been recorded in the corresponding items (including the excess of the limit established herein).
Capex. 3.01 Detailed historical capital expenditures (Past 5 years)
Capex. (i) the Borrower shall provide on an annual basis the budget outlining the capex requirements for the immediately following period of 12 months including commentary on any technical issues, downtime/operational record and updates/changes to the field; and (ii) such capex shall not exceed ten million Dollars (US$10,000,000) per annum unless any excess is funded by further equity or debt provided to the Borrower in accordance with the terms of clause 12.1.24(a).
Capex. Section 1.1 of the Credit Agreement is hereby amended by deleting the definition of “CAPEX” in its entirety and substituting the following therefor: CAPEX means, for any Four Quarter Period, capital expenditures for fixed or capital assets that are required to be capitalized on a balance sheet prepared in accordance with GAAP minus the sum of (a) any net proceeds of sale/leasebacks permitted by Sections 9.10 or 9.16, (b) (without duplication) any capital expenditures incurred for equipment purchased and then sold, transferred or otherwise disposed of pursuant to sale/leaseback facilities permitted pursuant to Section 9.10 and (c) any net proceeds from any sales, transfers or other dispositions of any fixed assets permitted by Section 9.10; provided that capital expenditures not to exceed $20,000,000 incurred in connection with the acquisition by the Borrower of up to 30 store locations from the August family shall not be included in the determination of CAPEX in any Four Quarter Period in which such acquisition shall have occurred.
Capex. 5.1 GAMIDA will fund [*] of a conceptual engineering design study (which will be mutually agreed upon) to determine the Suite layout and cost for the build out of up to [*]. The fee for such study is estimated to be [*].
Capex. Section 1.1 of the Credit Agreement is hereby amended by deleting the definition of “CAPEX” in its entirety and substituting the following therefor: CAPEX means, for any Four Quarter Period, capital expenditures for fixed or capital assets that are required to be capitalized on a balance sheet prepared in accordance with GAAP minus the sum of (a) any net proceeds of sale/leasebacks permitted by Sections 9.10 or 9.16, (b) (without duplication) any capital expenditures incurred for equipment purchased and then sold transferred or otherwise disposed of pursuant to sale/leaseback facilities permitted pursuant to Section 9.10 and (c) any net proceeds from any sales, transfers or other dispositions of any fixed assets permitted by Section 9.10.
