Maximum Capital Expenditures Sample Clauses
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Maximum Capital Expenditures. Make or commit to make, or allow any of its Subsidiaries to make or commit to make, Capital Expenditures exceeding, in the aggregate for each Fiscal Year until the Termination Date, the greater of (A) EBITDA for such Fiscal Year, less the sum of (I) cash interest expense for such Fiscal Year, plus (II) amounts paid under Section 2.03 and all principal payments under the GECC Capital Lease and the NTFC Capital Lease (a) during Fiscal Year 2002 (for purposes of calculating the maximum Capital Expenditures for Fiscal Year 2003) or (b) during Fiscal Year 2004 or the applicable Fiscal Year thereafter (for purposes of calculating the maximum Capital Expenditures for Fiscal Year 2004 or the applicable succeeding Fiscal Year, as the case may be), or (B) $10,000,000 for Fiscal Year 2003 and $15,000,000 for each Fiscal Year thereafter. For purposes of calculating maximum Capital Expenditures, the amount calculated in item (II) above shall be deemed not to have exceeded $20,000,000 for Fiscal Year 2004 and shall be deemed not to have exceeded $30,000,000 for Fiscal Year 2005. Compliance with this Section 5.02(q)(i) shall be measured at the end of each Fiscal Year, commencing with Fiscal Year 2003. To the extent the Borrower’s actual Capital Expenditures for any Fiscal Year are less than the maximum Capital Expenditures for such Fiscal Year computed as aforesaid, the Borrower may increase Capital Expenditures for the subsequent Fiscal Year by an amount equal to the amount by which such maximum Capital Expenditures exceed such actual Capital Expenditures, but not by an amount which exceeds $5,000,000. For the purposes of this Section 5.02(q)(i) only, Capital Expenditures shall not include the Contingent Payments and any payment made in respect of that certain litigation arising from or in relating in any way to the use of rights of way granted to the Borrower by Mississippi Power Company; provided, that, to the extent that payment made in respect of such litigation is equal to or greater than $5,000,000, the Borrower shall deliver to the Agent prior to the payment thereof, a statement that the Borrower will have not less than $11,500,000 in cash and Cash Equivalents (excluding any insurance proceeds deposited with the Collateral Agent as described in clause (C) of the proviso in the definition of “Extraordinary Receipts”) after making such payment, certified by the Chief Financial Officer of the Parent.
Maximum Capital Expenditures. (a) The aggregate amount of capital expenditures made or committed to be made to date in the current fiscal year is $__________________.
(b) The aggregate amount set forth above [is/is not] less than or equal to the amount set forth in Section 7.20(b)(i) of the Loan Agreement for the corresponding period. QuickLinks
Maximum Capital Expenditures. The Borrower shall not make any Capital Expenditures, individually or in the aggregate, in excess of $14,000,000 in any fiscal year.
Maximum Capital Expenditures. Holdings and its Subsidiaries on a consolidated basis shall not make Capital Expenditures during any Fiscal Year that exceed in the aggregate amount set forth in the table below for such Fiscal Year: December 31, 2009 and each Fiscal Year thereafter $ 32,500,000
Maximum Capital Expenditures. Section 8.2.22 of the Credit Agreement shall be amended and restated as follows:
Maximum Capital Expenditures. Holdings and its Subsidiaries on a consolidated basis shall not make Capital Expenditures that exceed $3,000,000 in the aggregate in any Fiscal Year.
Maximum Capital Expenditures. Holdings 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: Fiscal Year 2003; $ 18,000,000 Fiscal Year 2004; $ 17,000,000 Fiscal Year 2005; $ 17,000,000 Fiscal Year 2006; $ 18,000,000 Fiscal Year 2007; $ 18,000,000 Fiscal Year 2008; $ 18,000,000 ; provided, however, that the amount of permitted Capital Expenditures referenced above will be increased in any period by the positive amount equal to the lesser of (i) 50% of the amount of permitted Capital Expenditures for the immediately prior period, and (ii) the amount (if any), equal to the difference obtained by taking the Capital Expenditures limit specified above for the immediately prior period minus the actual amount of any Capital Expenditures expended during such prior period (the “Carry Over Amount”), and for purposes of measuring compliance herewith, the Carry Over Amount shall be deemed to be the last amount spent on Capital Expenditures in that succeeding year; provided, further, that the amount of Capital Expenditures for Fiscal Year 2003 and Fiscal Year 2004 shall not include up to $5,500,000 of Capital Expenditures made in connection with the expansion of the real property located in Denton, Texas to the extent financed with a Capital Lease.
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, 2007 $ 7,900,000 Fiscal Year ending on or about March 31, 2008 $ 9,500,000 Fiscal Year ending on or about March 31, 2009 and each Fiscal Year ending thereafter $ 3,000,000
Maximum Capital Expenditures. Holdings and its Subsidiaries shall not make or incur (a) Consolidated Capital Expenditures during any Fiscal Year if the aggregate amount of Consolidated Capital Expenditures for Holdings and its Subsidiaries would exceed Thirty Million Dollars ($30,000,000) for Fiscal Year 2002, Forty Million Dollars ($40,000,000) for Fiscal Year 2003 and Fifty Million Dollars ($50,000,000) for Fiscal Year 2004, and (b) Net Capital Expenditures during any Fiscal Year if the aggregate amount of Net Capital Expenditures for Holdings and its Subsidiaries would exceed Ten Million Dollars ($10,000,000) for Fiscal Year 2002, Twenty Million Dollars ($20,000,000) for Fiscal Year 2003 and Thirty Million Dollars for Fiscal Year 2004; provided that Holdings and its Subsidiaries may carry forward from one Fiscal Year to the immediately following Fiscal Year (i) the unused dollar amount of the Consolidated Capital Expenditures limitation (which shall be the amount by which the dollar amount of Consolidated Capital Expenditures specified in clause (a) above for such Fiscal Year exceeds the Consolidated Capital Expenditures made or incurred during such Fiscal Year) for such Fiscal Year (the "Gross Carry Forward Amount") and (ii) any Net Capital Expenditures Proceeds received during such Fiscal Year and not used for the purpose of complying with the Net Capital Expenditure limitation for such Fiscal Year set forth in clause (b) above (the "Net Carry Forward Amount") if the following conditions have been satisfied: (1) the EBITDA Criteria has been met for such Fiscal Year, (2) the amount of the Gross Carry Forward Amount being carried forward to the immediately following Fiscal Year plus the Net Carry Forward Amount being carried forward to the immediately following Fiscal Year does not exceed Ten Million Dollars ($10,000,000), (3) (A) the amount of the Consolidated Capital Expenditures made or incurred in such Fiscal Year plus the Consolidated Capital Expenditures made or incurred in the immediately preceding Fiscal Year does not exceed (B) $70,000,000 with respect to Fiscal Year 2003 and $90,000,000 with respect to Fiscal Year 2004, and (4) (A) the amount of the Net Capital Expenditures made or incurred in such Fiscal Year plus the Net Capital Expenditures made or incurred in the immediately preceding Fiscal Year does not exceed (B) $30,000,000 with respect to Fiscal Year 2003 and $50,000,000 with respect to Fiscal Year 2004. 126
Maximum Capital Expenditures. (a) The Borrower shall not, and shall not permit its Restricted Subsidiaries to, make or incur any Capital Expenditure except for Capital Expenditures not exceeding $300,000,000 in any Fiscal Year, as such amount may be adjusted as provided in Section 6.02(b) below (such amount, the “Permitted Capital Expenditure Amount”).
(b) Notwithstanding anything to the contrary contained in this Section 6.02, to the extent that the aggregate amount of Capital Expenditures made by the Borrower and its Restricted Subsidiaries in any Fiscal Year pursuant to Section 6.02(a) is less than the Permitted Capital Expenditure Amount permitted by Section 6.02(a) with respect to such Fiscal Year, 100% of the amount of such difference may be carried forward and used to make Capital Expenditures in the immediately succeeding Fiscal Year (but not any other years) with such amount being carried forward to be applied before the Permitted Capital Expenditure Amount permitted by Section 6.02(a) for such immediately succeeding Fiscal Year is applied.