Maximum Consolidated Capital Expenditures. Intermediate Holdings shall not, and shall not permit the Restricted Subsidiaries to, make or incur Consolidated Capital Expenditures, during any Annual Measurement Period, commencing with the Annual Measurement Period ending on the last Sunday of the calendar year ending December 31, 2019, in an aggregate amount for the Restricted Parties in excess of the sum of (1) CapEx Annual Limit for such Annual Measurement Period, plus (2) the CapEx Carryover Amount, if any, for such Annual Measurement Period; it being agreed that, for purposes of this Section 6.11(d), any Consolidated Capital Expenditures made during any Annual Measurement Period shall be deemed to be applied first to the applicable CapEx Annual Limit for such Annual Measurement Period and second to any CapEx Carryover Amount.
Appears in 3 contracts
Samples: Credit Agreement (MSG Entertainment Spinco, Inc.), Credit Agreement (MSG Entertainment Spinco, Inc.), Credit Agreement (Madison Square Garden Co)
