Common use of Minimum Expenditure Clause in Contracts

Minimum Expenditure. Subject to Clause 17.10.2 (CapEx Reserve Amount), the Borrowers will incur or reserve, in each Financial Year, the Required Maintenance Amount.

Appears in 2 contracts

Sources: Issuer/Borrower Facility Agreement (Mitchells & Butlers PLC), Issuer/Borrower Facility Agreement (Mitchells & Butlers PLC)