Consolidated Capital Expenditures Sample Clauses

Consolidated Capital Expenditures. Company shall not, and shall not permit its Subsidiaries to, make or incur Consolidated Capital Expenditures, in any Fiscal Year indicated below, in an aggregate amount in excess of the corresponding amount (the “Maximum Consolidated Capital Expenditures Amount”) set forth below opposite such Fiscal Year; provided that the Maximum Consolidated Capital Expenditures Amount for any Fiscal Year shall be increased by (i) an aggregate amount equal to the Net Securities Proceeds received by Company in such Fiscal Year from the issuance of any Capital Stock of Company or any of its Subsidiaries, but solely to the extent such Net Securities Proceeds are not applied to increase the limit under subsection 7.3(vi), (ii) to the extent Company and its Subsidiaries have generated Consolidated Excess Cash Flow in any Fiscal Quarter of such Fiscal Year in excess of $12,500,000, an amount not to exceed 50% of such excess (or 100% of such excess to the extent the Consolidated Leverage Ratio is less than 2.00:1.00 at the end of the preceding Fiscal Year), but solely to the extent that such excess is not applied to increase the limit under subsection 7.5(v), and (iii) (x) if the actual amount of Consolidated Capital Expenditures made in any Fiscal Year is less than the Maximum Consolidated Capital Expenditures Amount for such Fiscal Year (before giving effect to any increase pursuant to clause (i), (ii) or (iii) of this proviso), then an amount of such shortfall may be added to the Maximum Consolidated Capital Expenditures Amount for the immediately succeeding (but not any other) Fiscal Year and (y) in determining whether any amount is available for carryover to the succeeding Fiscal Year pursuant to the preceding subclause (iii)(x), the amount expended in any Fiscal Year shall first be deemed to be from any amount carried over to such Fiscal Year from the immediately preceding Fiscal Year and any other increases pursuant to clauses (i) or (ii) of this proviso: Fiscal Year Maximum Consolidated Capital Expenditures 2009 $ 125,000,000 2010 $ 150,000,000 2011 and each Fiscal Year thereafter $ 175,000,000
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Consolidated Capital Expenditures. Borrower and its Restricted Subsidiaries shall not, in any Fiscal Year, make Consolidated Capital Expenditures in the aggregate amount in excess of $1,500,000.
Consolidated Capital Expenditures. Company shall not, and shall not permit its Subsidiaries to, make or incur Consolidated Capital Expenditures, in any calendar year indicated below, in an aggregate amount in excess of the corresponding amount (the “Maximum Consolidated Capital Expenditures Amount”) set forth below opposite such calendar year; provided that the Maximum Consolidated Capital Expenditures Amount for any calendar year shall be increased by an amount equal to the excess, if any, of the Maximum Consolidated Capital Expenditures Amount for the previous calendar year (without giving effect to any adjustment in accordance with this proviso) over the actual amount of Consolidated Capital Expenditures for such previous calendar year with the Consolidated Capital Expenditures in such following calendar year to be applied first to such unused amounts; provided, further that in no event shall the amount of such increase exceed 50% of the Maximum Consolidated Capital Expenditures Amount for such previous calendar year (prior to any adjustment in accordance with this proviso); provided further that the foregoing limitations shall not restrict Consolidated Capital Expenditures funded with Net Securities Proceeds: Calendar Year Maximum Consolidated Capital Expenditures 2008 $ 14,000,000 2009 $ 18,000,000 2010 $ 10,000,000 2011 $ 11,000,000 2012 $ 11,000,000 2013 $ 12,000,000
Consolidated Capital Expenditures. Company and its Subsidiaries shall not permit the sum of (i) Consolidated Capital Expenditures plus (ii) an amount equal to 75% of the Alarm Installation Costs which are sold in such fiscal year in connection with the Alarm Services Contract Securitization Facility permitted pursuant to subsection 6.1(viii) plus (iii) an amount equal to 100% of the Alarm Installation Costs originated in such fiscal year which are treated as sales-type leases which are not sold in connection with such Receivables Facility to exceed in any fiscal year the amount set forth below for such fiscal year (the "CAPITAL EXPENDITURE AMOUNT"): FISCAL YEAR ENDED CAPITAL EXPENDITURE AMOUNT ----------------- -------------------------- December 31, 1995 $55,000,000 December 31, 1996 and thereafter 60,000,000 ; provided that for fiscal years commencing on and after January 1, 1996, if the Company's Interest Coverage Ratio for such fiscal year is not less than 3.00 to 1.00 and the ratio of Company's Funded Debt to Consolidated EBITDA for such fiscal year is not greater than 2.60 to 1.00, in each case as of December 31, 1995, or as of the last day of any fiscal year thereafter, the Capital Expenditure Amount for the immediately succeeding fiscal year, and for each fiscal year thereafter, shall be increased to $75,000,000; provided that if any portion of the Capital Expenditure Amount for any fiscal year (the "REFERENCE PERIOD") has not been incurred within such Reference Period (the unutilized portion of such Capital Expenditure Amount being referred to as the "UNUTILIZED AMOUNT"), Company and its Subsidiaries may, in the fiscal year immediately following the Reference Period, make additional Consolidated Capital Expenditures in an amount not to exceed the lesser of (i) the Unutilized Amount and (ii) 25% of the Capital Expenditure Amount in respect of the Reference Period. In determining any amount pursuant to the foregoing clauses (i) or (ii) permitted to be carried forward as Consolidated Capital Expenditures to be made in a succeeding fiscal year, such amount shall be determined solely on the basis of the permitted Capital Expenditure Amount for that Reference Period and shall not include any Unutilized Amount from any prior period. Notwithstanding the foregoing, in no event shall the Capital Expenditure Amount for the fiscal year ending December 31, 1995, be increased by any Unutilized Amount from the fiscal year ending December 31, 1994.
Consolidated Capital Expenditures. Except as set forth in subparagraph 2 of this Paragraph D, Borrower shall not, and shall not permit its Subsidiaries to, make or incur Consolidated Capital Expenditures, in any fiscal year or period indicated below, in an aggregate amount in excess of the corresponding amount (the ("MAXIMUM CONSOLIDATED CAPITAL EXPENDITURES ----------------------------------------- AMOUNT") set forth in the chart below opposite such fiscal year or ------ period; provided that with respect to the Maximum Consolidated Capital -------- Expenditure Amount for any fiscal year or period, at Borrower=s option such amount may be increased (a) by a portion (not to exceed 20%) of the Maximum Consolidated Capital Expenditure amount for the immediately preceding fiscal year which was not utilized during such preceding fiscal year, and (b) by a portion (not to exceed 15%) of the amount of Maximum Consolidated Capital Expenditure Amount for the immediately succeeding year (which, to the extent of such increase shall reduce the amount of the Maximum Consolidated Capital Expenditure Amount for such succeeding year), provided that in no -------- event shall the aggregate amount of the increases to the Maximum Consolidated Capital Expenditure Amount pursuant to the foregoing clauses (a) and (b) in any fiscal year or period exceed $10,000,000; provided further that the Maximum Consolidated Capital Expenditure -------- ------- Amount for each fiscal year set forth below shall be increased by the amount of Consolidated Excess Cash flow for the immediately preceding fiscal year not required to be used to prepay Loans pursuant to subsection 2.4B(iii)(f) of the Existing Credit Facility Loan Agreement. ============================================== MAXIMUM CONSOLIDATED FISCAL CAPITAL EXPENDITURES YEAR/PERIOD AMOUNT ---------------------------------------------- 5/21/97 to end of 1997 fiscal year $40,000,000 ---------------------------------------------- 1998 $35,000,000 ---------------------------------------------- 1999 $35,000,000 ---------------------------------------------- 2000 $35,000,000 ---------------------------------------------- 2001 $35,000,000 ---------------------------------------------- 2002 $35,000,000 ---------------------------------------------- ; provided that each of the Maximum Consolidated Capital Expenditure Amounts -------- provided for above shall be increased by an aggregate amount equal to 15% of the purchase price paid by Company in connection with any Permitted Acq...
Consolidated Capital Expenditures. Borrower shall not, and shall not permit its Subsidiaries to, make or incur Consolidated Capital Expenditures, in any Fiscal Year indicated below, in an aggregate amount in excess of the corresponding amount (the “Maximum Consolidated Capital Expenditures Amount”) set forth below opposite such Fiscal Year; provided that the Maximum Consolidated Capital Expenditures Amount for any Fiscal Year shall be increased by an amount equal to the excess, if any, (but in no event more than $15,000,000) of the Maximum Consolidated Capital Expenditures Amount for the previous Fiscal Year (without giving effect to any adjustment in accordance with this proviso) over the actual amount of Consolidated Capital Expenditures for such previous Fiscal Year: Fiscal Year Maximum Consolidated Capital Expenditures 2001 $ 85,000,000 2002 90,000,000 2003 95,000,000 2004 95,000,000 2005 90,000,000 2006 90,000,000 2007 90,000,000
Consolidated Capital Expenditures. Borrower shall not, and shall not permit its Restricted Subsidiaries to, make or incur Consolidated Capital Expenditures, except:
Consolidated Capital Expenditures. Company and Borrowers shall not, and shall not permit its or their Subsidiaries to, make or incur Consolidated Capital Expenditures, in any Fiscal Year, in an aggregate amount in excess of the Maximum Consolidated Capital Expenditures Amount for such Fiscal Year.
Consolidated Capital Expenditures. Company shall not, and shall not permit its Subsidiaries to, make or incur Consolidated Capital Expenditures, in any Fiscal Year, in an aggregate amount in excess of $17,500,000 (the “Maximum Consolidated Capital Expenditures Amount”); provided that the Maximum Consolidated Capital Expenditures Amount for any Fiscal Year shall be increased by an amount equal to the excess, if any, of the Maximum Consolidated Capital Expenditures Amount for the previous Fiscal Year (without giving effect to any adjustment in accordance with this proviso) over the actual amount of Consolidated Capital Expenditures for such previous Fiscal Year; provided, further that in no event shall the amount of such increase exceed 50% of the Maximum Consolidated Capital Expenditures Amount for such previous Fiscal Year (prior to any adjustment in accordance with this proviso).
Consolidated Capital Expenditures. As of the end of each fiscal quarter of the Borrower beginning with the fiscal quarter ending June 30, 2008, Consolidated Capital Expenditures of the Borrower for the immediately preceding twelve month period shall not exceed two hundred percent (200%) of the last twelve month depreciation and amortization of the Borrower and its consolidated Subsidiaries determined on a rolling four fiscal quarter basis.