Common use of Expenditure Clause in Contracts

Expenditure. Except as permitted by any Transaction Document, make any expenditure (by long-term or operating lease or otherwise), excluding those relating to foreclosure, for capital assets (both realty and personalty), unless such expenditure is approved in writing by the Agent.

Expenditure. Except as permitted by any Transaction Finance Document, make any expenditure (by long-term or operating lease or otherwise), excluding those relating to foreclosure, for capital assets (both realty and personaltypersonality), unless such expenditure is approved in writing by the Agent.