Common use of Expenditures for Capital Assets Clause in Contracts

Expenditures for Capital Assets. Make any expenditure for capital assets (other than for routine repairs and maintenance which are not required to be capitalized as hereinafter set forth) unless, immediately after giving effect thereto the aggregate amount expended or to be expended on account of all such expenditures by the Borrower in any fiscal year commencing with the current fiscal year of Borrower would not exceed the amount of One Hundred Thousand Dollars ($100,000). The following shall be deemed to be expenditures for capital assets as subject to the limitations of this Section 4.10:

Expenditures for Capital Assets. Make any expenditure for capital assets (other than for routine repairs and maintenance which are not required to be capitalized as hereinafter set forth) unless, immediately after giving effect thereto the aggregate amount expended or to be expended on account of all such expenditures by the Borrower in any fiscal year commencing with the current fiscal year of Borrower would not exceed the amount of One Hundred Thousand Dollars ($100,000)100,000.00. The following shall be deemed to be expenditures for capital assets as subject to the limitations of this Section 4.10:

Expenditures for Capital Assets. Make any expenditure for capital assets (other than for routine repairs and maintenance which are not required to be capitalized capitalized, as hereinafter set forth) unless, immediately after giving effect thereto thereto, the aggregate amount expended or to be expended on account of all such expenditures by the Borrower in any fiscal year commencing with the current fiscal year of Borrower Fiscal Year would not exceed the amount of One Hundred Thousand Dollars ($100,000)1,500,000.00. The following shall be are deemed to be expenditures for capital assets as and subject to the limitations of this Section 4.10section: