Capital Expenditure Limits. Holdings and its Subsidiaries on a consolidated basis shall not make Capital Expenditures during the following periods that exceed in the aggregate the amounts set forth opposite each of such periods (the “Capex Limit”): Period Maximum Capital Expenditures per Period Closing Date through Fiscal Year ending December 31, 2006 $ 1,000,000 Each Fiscal Year ending thereafter $ 1,250,000 ;provided, however, that commencing with Fiscal Year 2007, the Capex Limit referenced above will be increased in any period by the positive amount equal to the lesser of (i) 50% of the Capex Limit for the immediately prior period, and (ii) the amount (if any), equal to the difference obtained by taking the Capex Limit minus the actual amount of any Capital Expenditures expended during such prior period (the “Carry Over Amount”), and for purposes of measuring compliance herewith, the Carry Over Amount shall be deemed to be the last amount spent on Capital Expenditures in that succeeding period.
Capital Expenditure Limits. 35 4.2. Reserved.....................................................35 4.3. EBITDA.......................................................35 4.4.
Capital Expenditure Limits. (a) Borrower and its Subsidiaries on a consolidated basis shall not make Capital Expenditures during any Fiscal Year that exceed the amount set forth in the table below opposite the applicable Fiscal Year (the “Capex Limit”); provided, however, that the Capex Limit for each subsequent Fiscal Year referenced below (commencing with the 2010 Fiscal Year) will be increased, if at all, by the positive amount equal to the lesser of (i) 50% of the Capex Limit then in effect for the immediately preceding Fiscal Year (after giving effect to any increase pursuant to this provision), and (ii) the amount (if any), equal to the difference obtained by taking the Capex Limit then in effect for the immediately preceding Fiscal Year (after giving effect to any increase pursuant to this provision) minus the actual amount of any Capital Expenditures expended during such preceding Fiscal Year (the “Carry Over Amount”); provided, further, the Carry Over Amount for purposes of measuring compliance herewith for the 2009 Fiscal Year shall be deemed to be $0. Fiscal Year Capex Limit 2009 $ 60,000,000 2010 $ 60,000,000 2011 $ 60,000,000 2012 $ 60,000,000 2013 and each Fiscal Year thereafter $ 65,000,000
Capital Expenditure Limits. During any Fiscal Year, the -------------------------- aggregate amount of all Capital Expenditures of the Borrower and the Subsidiaries will not exceed the applicable Capital Expenditure Limit for such Fiscal Year; provided that, to the extent that a corresponding Equity Issuance -------- has been made by the Borrower equal to at least the amount of Internet Expenditures, those Internet Expenditures which would otherwise constitute capital expenditures will be deducted from Capital Expenditures for purposes of this Section 11.6. In addition, for the period beginning January 1, 2000 and ending June 30, 2000 the aggregate amount of all Capital Expenditures of the Borrower and the Subsidiaries will not exceed $1,500,000 unless a corresponding Equity Issuance has been made by the Borrower equal to at least the amount of such excess. The term "Capital Expenditure Limit" means the sum of the ------------------------- following: (i) for each Fiscal Year set forth in the table below, the Dollar Amount set forth in the table below opposite the applicable Fiscal Year; --------------------------------------------------------------- Fiscal Year Dollar Amount --------------------------------------------------------------- 2000 $2,000,000 --------------------------------------------------------------- 2001 $1,000,000 --------------------------------------------------------------- 2002 $1,000,000 --------------------------------------------------------------- 2003 $1,000,000 --------------------------------------------------------------- 2004 $1,000,000 --------------------------------------------------------------- (the amount determined in accordance with this clause (i) for each Fiscal Year is herein called the "Yearly Limit") plus (ii) the portion of the Yearly Limit ------------ ---- from the immediately preceding Fiscal Year which was not expended by the Borrower and the Subsidiaries for Capital Expenditures in such preceding Fiscal Year (the "Carryover Amount"). In calculating the Carryover Amount for any ---------------- Fiscal Year, the Yearly Limit applicable to the previous Fiscal Year shall be deemed to have been utilized first by any Capital Expenditures made in such Fiscal Year.
Capital Expenditure Limits. The aggregate amount of all Capital Expenditures of the Borrower and the Subsidiaries (subject to the exclusions set forth below) during the periods set forth below shall not exceed the Dollar amount set out opposite the applicable period: ================================================================================ Period Dollar Amount Fiscal Year 2002 $12,000,000 Fiscal Year 2003 $12,600,000 Fiscal Year 2004 $13,230,000 Fiscal Year 2005 $13,891,500 Fiscal Year of 2006 $14,586,075 Fiscal Year 2007 $15,315,378 ================================================================================ The following Capital Expenditures shall not be counted against the calculation of Capital Expenditures under this Section 11.3: Capital Expenditures made with any casualty or condemnation proceeds turned over to the Borrower by the Agent to (a) replace or repair the property damaged or condemned, (b) construct a new facility to replace the property damaged or condemned or (c) expand the productive capacity of an existing facility.
Capital Expenditure Limits. The aggregate amount of all Capital Expenditures of Borrower and its Subsidiaries (other than the Excluded Subsidiaries) will not exceed $15,500,000 in fiscal year 2001 or $13,500,000 in any fiscal year of Borrower thereafter. "
Capital Expenditure Limits. (a) Borrower and its Subsidiaries on a consolidated basis shall not make Capital Expenditures during any Fiscal Year that exceed the amount set forth in the table below opposite the applicable Fiscal Year (the “Capex Limit”); provided, however, that the Capex Limit referenced above will be increased in any period by the positive amount equal to the lesser of (i) 25% of the Capex Limit for the immediately prior period, and (ii) the amount (if any), equal to the difference obtained by taking the Capex Limit minus the actual amount of any Capital Expenditures expended during such prior period (the “Carry Over Amount”), and for purposes of measuring compliance herewith, the Carry Over Amount shall be deemed the last amount spent on Capital Expenditures in that succeeding period; provided, further, the Carry Over Amount for purposes of measuring compliance herewith for the 2005 Fiscal Year shall be deemed to be $0. Fiscal Year Capex Limit 2005 $ 22,000,000 2006 $ 24,000,000 2007 $ 26,000,000 2008 $ 28,000,000 2009 and each Fiscal Year thereafter $ 30,000,000
Capital Expenditure Limits. The aggregate amount of all Capital Expenditures of Borrower and its Subsidiaries during any Fiscal Year will not exceed the applicable Capital Expenditure Limit for such Fiscal Year. The term "
Capital Expenditure Limits. The aggregate amount of all Capital Expenditures, Capital Leases with respect to fixed assets of Borrowers and their Subsidiaries (which shall be considered to be expended in full on the date such Capital Lease is entered into) and other contracts with respect to fixed assets initially capitalized on Borrowers’ or any Subsidiary’s balance sheet prepared in accordance with GAAP (which shall be considered to be expended in full on the date such contract is entered into) (excluding, in each case, expenditures for trade-ins and replacement of assets to the extent funded with casualty insurance proceeds) will not exceed the amount of $5,000,000.00 during each Applicable Calculation Period.
Capital Expenditure Limits. The aggregate amount of all Capital Expenditures (excluding trade-ins and excluding Capital Expenditures in respect of replacement assets to the extent funded with casualty insurance proceeds) will not exceed the amounts specified below for Fiscal Years set forth below: Fiscal Year Amount ----------- ------ 1998 $5,000,000 1999 $5,500,000 2000 $6,000,000 2001 and thereafter $6,500,000 and increasing by $500,000 for each Fiscal Year thereafter In the event that the Borrower enters into a Capitalized Lease or other contract with respect to fixed assets, for purposes of calculating Capital Expenditures under this Section only, the amount of the Capitalized Lease or contract initially capitalized on the Borrower's balance sheet prepared in accordance with GAAP shall be considered expended in full on the date that the Borrower enters into such Capitalized Lease or contract.
