Limit on Expenditures Sample Clauses

Limit on Expenditures. Under-take an expenditure outside Operator's scope of responsibilities except that, in case of an Emergency, Operator may make such immediate expenditures as may be necessary, but notice of any such Emergency and expenditures shall be given to Owner as promptly as possible, but in no case more than 12 hours after the event.
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Limit on Expenditures. Without the approval in writing, of the Company's Board of Directors, the Company will not make or incur any expenditure (including, without limitation, capital expenditures, acquisitions and capitalized leases) or guarantee, assume or otherwise become directly or indirectly liable for any indebtedness (including capitalized leases) which, individually or in combination with related expenditures, guarantees or assumptions subject to a common commitment, exceed $250,000.
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Limit on Expenditures. Between the date of this Agreement and the ---------------------- date that the restated partnership agreement is executed as provided in Section 4.1. below, each Participant will obtain consent (written or oral) from each other Participant prior to incurring any single expense greater than $10,000 or total expenditures greater than $25,000 in furtherance of the Marketing Partnership.
Sample 1
Limit on Expenditures. Unit Operator shall not undertake any project reasonably estimated to require an expenditure in excess of $100,000.00; except in connection with any operation that has previously received the Approval of the Parties; provided, however, that: (1) Unit Operator is authorized to make all usual and customary operating expenditures that are required in the normal course of producing operations; (2) whenever Unit Operator is authorized to conduct a Drilling, Deepening, Plugging Back or Completing operation, or to undertake any other project in accordance with this Agreement, Unit Operator shall be authorized to make all reasonable and necessary expenditures in connection therewith, and (3) in case of emergency, Unit Operator may make such immediate expenditures as may be necessary for the protection of life or property, but notice of the emergency shall be given to all Parties as promptly as reasonably practicable. Unit Operator shall be required to prepare an AFE or estimate for any operation for which the Costs are reasonably estimated to exceed the amount of $100,000.00; however, Unit Operator shall not be required to prepare an AFE or estimate for any operation if the Costs thereof are reasonably estimated to be less than $100,000.00. If Unit Operator actually prepares an AFE for its own use for any single operation that is expected to Cost less than $100,000.00, then the Unit Operator shall furnish a copy of the AFE to any Party requesting a copy thereof.
Sample 1
Limit on Expenditures. In the event any expenditure (other than for the acquisition of the Systems) is required for any item or materials in excess of Twenty Thousand and No/100 Dollars (20,000.00), the Manager shall have no authority to make such expenditure without the written consent of all Member representatives or Members; provided, however, that in case of explosion, fire, or emergencies of a similar nature, the Manager may take such steps and incur such expenses as, in its opinion, are required to deal with the emergency to safeguard life and property. The Manager, as promptly as possible, shall report the emergency to the other Members. ARTICLE IV
Sample 1
Limit on Expenditures. Undertake any project reasonably estimated to require an expenditure in excess of $25,000; provided, however, that (1) Unit Operator is authorized to make all usual and customary operating expenditures that are required in the normal course of producing operations, (2) whenever Unit Operator is authorized to conduct a Drilling, Deepening, or Plugging Back operation, or to undertake any other project in accordance with this Agreement, Unit Operator shall be authorized to make all reasonable and necessary expenditures in connection therewith, and (3) in case of emergency, Unit Operator may make such immediate expenditures as may be necessary for the protection of life or property, but notice of the emergency shall be given to all Parties as promptly as reasonably practicable.
Sample 1
Limit on Expenditures. Undertake a material expenditure: (i) outside EnWin's scope of responsibilities; or (ii) which is not in accordance with the provisions of any of the Plans;
Sample 1
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Related to Limit on Expenditures

  • Limit on Operating Expenses The Advisor hereby agrees to limit the Fund’s current Operating Expenses to an annual rate, expressed as a percentage of the Fund’s average daily net assets for the month, to the amounts listed in Appendix A (the “Annual Limit”). In the event that the current Operating Expenses of the Fund, as accrued each month, exceed its Annual Limit, the Advisor will pay to the Fund, on a monthly basis, the excess expense within the first ten days of the month following the month in which such Operating Expenses were incurred (each payment, a “Fund Reimbursement Payment”).

  • Capital Expenditures The Issuer shall not make any expenditure (by long-term or operating lease or otherwise) for capital assets (either realty or personalty).

  • Maximum Capital Expenditures Borrower 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: Period Maximum Capital Expenditures per Period Fiscal Year ending on or about March 31, 2006 and each Fiscal Year ending thereafter $ 5,000,000 (b) [Intentionally Deleted]

  • Consolidated Capital Expenditures (i) Company will not, and will not permit any of its Subsidiaries to, make or commit to make Consolidated Capital Expenditures in any Fiscal Year, beginning with the Fiscal Year ending December 31, 2003, except Consolidated Capital Expenditures which do not aggregate in excess of the corresponding amount set forth below opposite such Fiscal Year: Fiscal Year Consolidated Capital Expenditures Fiscal Year ending December 31, 2003 $ 5,000,000 Fiscal Year ending December 31, 2004 $ 5,000,000 Fiscal Year ending December 31, 2005 and each Fiscal Year thereafter $ 7,000,000 provided that (a) if the aggregate amount of Consolidated Capital Expenditures actually made in any such Fiscal Year shall be less than the limit with respect thereto set forth above (before giving effect to any increase therein pursuant to this proviso) (the “Base Amount”), then the amount of such shortfall (up to an amount equal to 50% of the Base Amount for such Fiscal Year, without giving effect to this proviso) may be added to the amount of such Consolidated Capital Expenditures permitted for the immediately succeeding Fiscal Year and any such amount carried forward to a succeeding Fiscal Year shall be deemed to be used prior to Company and its Subsidiaries using the amount of capital expenditures permitted by this section in such succeeding Fiscal Year, without giving effect to such carryforward and (b) for any Fiscal Year (or portion thereof) following any acquisition of a business (whether through the purchase of assets or of shares of capital stock) permitted under subsection 6.7, the Base Amount for such Fiscal Year (or portion) shall be increased, for each such acquisition, by an amount equal to the product of (A) the lesser of (x) $5,000,000 and (y) 4% of revenues of the business acquired in such acquisition for the period of four Fiscal Quarters most recently ended on or prior to the date of such business acquisition multiplied by (B) (x) in the case of any partial Fiscal Year, a fraction, the numerator of which is the number of days remaining in such Fiscal Year after the date of such business acquisition and the denominator of which is 365 (or 366 in a leap year), and (y) in the case of any full Fiscal Year, 1.

  • Excluded Expenditures The Recipient undertakes that the proceeds of the Financing shall not be used to finance Excluded Expenditures. If the Association determines at any time that an amount of the Financing was used to make a payment for an Excluded Expenditure, the Recipient shall, promptly upon notice from the Association, refund an amount equal to the amount of such payment to the Association. Amounts refunded to the Association upon such request shall be cancelled.

  • Eligible Expenditures 1. Subject to Article 8.7 of the Regulation, eligible expenditures of this Programme are:

  • LENDER'S EXPENDITURES If any action or proceeding is commenced that would materially affect Lender's interest in the Collateral or if Borrower fails to comply with any provision of this Agreement or any Related Documents, including but not limited to Borrower's failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any Related Documents, Lender on Borrower's behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on any Collateral and paying all costs for insuring, maintaining and preserving any Collateral. All such expenditures incurred or paid by Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment by Borrower. All such expenses will become a part of the Indebtedness and, at Lender's option, will (A) be payable on demand; (B) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance policy; or (2) the remaining term of the Note; or (C) be treated as a balloon payment which will be due and payable at the Note's maturity.

  • Limitation on Capital Expenditures Make or commit to make (by way of the acquisition of securities of a Person or otherwise) any expenditure in respect of the purchase or other acquisition of fixed or capital assets (excluding any such asset acquired in connection with normal replacement and maintenance programs properly charged to current operations) except for:

  • Capital Expenditure Make or incur any Capital Expenditure if, after giving effect thereto, the aggregate amount of all Capital Expenditures by Borrower in any fiscal year would exceed the amount set forth on the Schedule;

  • Expenditures The Assuming Institution will pay such bills and invoices on behalf of the Receiver and the Corporation as the Receiver or the Corporation may direct for the period beginning on the date of the Bank Closing Date and ending on Settlement Date. The Assuming Institution shall submit its requests for reimbursement of such expenditures pursuant to Article VIII of this Agreement.

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