Common use of Limitation on Capital Expenditures Clause in Contracts

Limitation on Capital Expenditures. Make or commit to make (by way of the acquisition of securities of a Person or otherwise): (i) Capital Expenditures made with respect to the maintenance or improvement of assets or property then owned by any Loan Party in excess of $25,000,000 in the aggregate in any Fiscal Year; or (ii) Capital Expenditures made with respect to any acquisition of any additional assets or property in a single transaction in excess of $55,000,000, provided that the aggregate amount of such Capital Expenditures for all such acquisitions of additional assets or property in any Fiscal Year shall not exceed $100,000,000.

Appears in 3 contracts

Samples: Credit Agreement (Sprague Resources LP), Credit Agreement (Sprague Resources LP), Security Agreement (Sprague Resources LP)

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Limitation on Capital Expenditures. Make or commit to make (by way of the acquisition of securities of a Person or otherwise): (i) Capital Expenditures made with respect to the maintenance or improvement of assets or property then owned by any Loan Party in excess of $25,000,000 in the aggregate in any Fiscal Year; or (ii) Capital Expenditures made with respect to any acquisition of any additional assets or property in a single transaction in excess of $55,000,00060,000,000, provided that the aggregate amount of such Capital Expenditures for all such acquisitions of additional assets or property in any Fiscal Year shall not exceed $100,000,000.

Appears in 2 contracts

Samples: Credit Agreement (Sprague Resources LP), Security Agreement

Limitation on Capital Expenditures. Make or commit to make (by way of the acquisition of securities of a Person or otherwise): ) Capital Expenditures other than: (i) Capital Expenditures made with respect to the maintenance or improvement of assets or property then owned by any Loan Party in excess of not to exceed $25,000,000 40,000,000 in the aggregate in any Fiscal Year; or and (ii) Capital Expenditures made with respect to any acquisition of any additional assets or property in a single transaction in excess of not to exceed $55,000,00075,000,000, provided that the aggregate amount of such Capital Expenditures for all such acquisitions of additional assets or property in any Fiscal Year shall not exceed $100,000,000175,000,000.

Appears in 1 contract

Samples: Credit Agreement (Sprague Resources LP)

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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 (iexcluding any such asset acquired in connection with normal replacement and maintenance programs properly charged to current operations) except for (a) Reinvestments of Net Cash Proceeds from Asset Sales, Insurance Proceeds or Condemnation Proceeds to the extent permitted under Section 2.10 hereof and (b) Capital Expenditures made with respect to the maintenance or improvement of assets or property then owned by any Loan Party in excess of $25,000,000 in the aggregate in any Fiscal Year; or (ii) Capital Expenditures made with respect to any acquisition of any additional assets or property in a single transaction in excess of $55,000,000, provided that the aggregate amount of such Capital Expenditures for all such acquisitions of additional assets or property which in any Fiscal Year shall not exceed $100,000,000.

Appears in 1 contract

Samples: Credit Agreement (Warby Parker Inc.)

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