Capital Expenditure Commitments Clause Samples
The Capital Expenditure Commitments clause defines the obligations and limitations regarding significant investments in long-term assets, such as property, plant, or equipment, by a party to the agreement. It typically outlines the approval process required before incurring such expenditures, sets thresholds for what constitutes a capital expenditure, and may require prior written consent from certain stakeholders for large investments. This clause serves to control and monitor major financial commitments, ensuring that substantial capital outlays are made transparently and with appropriate oversight, thereby protecting the interests of all parties involved.
Capital Expenditure Commitments. The Attractions Purchaser Closing Cash Consideration shall be decreased by an amount equal to the lesser of (1) $500,000 and (2) the remaining amount to be funded for the new entrance at Wet n Wild Hawaii (based on executed contracts, cancelled checks, a written agreement with the landlord, or other reasonable and customary documentation).
Capital Expenditure Commitments. From the date of this Agreement through the earlier of the Closing or the termination of this Agreement, unless otherwise agreed by Acquiror (and, in respect of clause (b), the Panavision Holder Representative) in writing, each of the Companies shall make, and/or cause the other members of the Panavision Group or SIM Group, as applicable, to make, minimum capital expenditures for the calendar year ending December 31, 2018 (a) in the case of the Panavision Group, in an amount, together with any other capital expenditures made by the Panavision Group during the calendar year ending December 31, 2018 prior to the date hereof, equal to $51,600,000 (the “Panavision Minimum Capex Target”) and (b) in the case of the SIM Group, in an amount, together with any other capital expenditures made by the SIM Group during the calendar year ending December 31, 2018 prior to the date hereof, equal to CAD 18,500,000 (the “SIM Minimum Capex Target”). If the Closing occurs prior to December 31, 2018, the Panavision Minimum Capex Target and SIM Minimum Capex Target shall be pro-rated based on the actual number of days from January 1, 2018 to the Closing.
Capital Expenditure Commitments. Except as set forth in the Budget or as disclosed on Schedule 4.16(a), none of the Company Entities is obligated under any Contract or has otherwise made any commitments to make any capital expenditures.
Capital Expenditure Commitments. No Obligor may enter into a legally binding obligation to incur in the future any Capital Expenditure (other than Capital Maintenance Expenditure up to the Minimum Capex Maintenance Amount in any year) unless the commitment is fully collateralised by deposits in the Funeral Home Reserve Account, the Crematorium Reserve Account, Restricted Payments Account, the Special Capex Account, the Elective Capex Account and/or the Capex Reserve Account (in each case to the extent that such accounts may be used to fund the relevant expenditure), provided that such deposits are retained until the commitment to which it relates is discharged or is cancelled.
Capital Expenditure Commitments. Schedule 5.1(n) sets forth for Assets operated by Seller and, to Seller’s Knowledge for Assets not operated by Seller, all existing commitments for material capital expenditures with respect to the Assets in which payment is required to be made in full or in part after the Effective Time.