Annual Capital Expenditures definition

Annual Capital Expenditures means, with respect to each fiscal year of the Company, the aggregate of all expenditures by the Company and its consolidated Subsidiaries for the acquisition of fixed or capital assets or additions to property, plants or equipment (including replacements, capitalized repairs and improvements during such period) that should be capitalized under GAAP on a consolidated balance sheet of the Company and its consolidated Subsidiaries. For the avoidance of doubt, Annual Capital Expenditures shall exclude real estate leases that may be capitalized for accounting purposes.
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Annual Capital Expenditures shall have the meaning set forth in the Class A Preferred Unit Designation as of the Recapitalization Date.
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Examples of Annual Capital Expenditures in a sentence

  • If Lessor shall not give its approval to the Annual Capital Expenditures Budget, Lessee shall revise the Annual Capital Expenditures Budget, as may be required to obtain Lessor's consent thereto.

  • Not later than forty-five (45) days prior to the commencement of each Fiscal Year or Partial Fiscal Year, Lessee shall submit to Lessor for Lessor's approval, Lessee's proposed Annual Capital Expenditures Budget.

  • The Borrower will not, and will not permit any other Loan Party to, permit the aggregate amount of all Capital Expenditures for Borrower and the other Loan Parties during any fiscal year of the Borrower to exceed Permitted Annual Capital Expenditures plus, for fiscal years beginning on August 28, 2004 and later, fifty percent (50%) of any unused availability for Capital Expenditures from the immediately preceding fiscal year (but not from any earlier year).

  • Not later than 45 days prior to the commencement of each Fiscal Year or Partial Fiscal Year, Lessee shall submit to Lessor, Lessee's proposed Annual Capital Expenditures Budget.

  • Not later than 60 days prior to the commencement of each Fiscal Year or Partial Fiscal Year, Lessee shall submit to Lessor for Lessoes approval, Lessee's proposed Annual Capital Expenditures Budget.

  • Annual Capital Expenditures in the Airfield cost center of up to an aggregate of $1,000,000 in net project costs (i.e., net of any applicable federal and state assistance for such Capital Expenditures and PFC’s), with such expenditures to be funded by the rentals, fees, and charges payable by the Signatory Airlines, or through the recovery of Amortization prior to determination of Revenue Sharing, in accordance with Exhibit E.

  • Maintain on a Quarterly Basis: Liquidity of at least $10,000,000 $ 10,000,000 $ Yes No Performance to Plan (See Section 6.7(b)) $ Yes No Annual Capital Expenditures not to exceed $12,000,000 £ $12,000,000 $ Yes No The following financial covenant analys[is][es] and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.

  • Annual Capital Expenditures in the BHS cost center of up to an aggregate of $500,000 in net project costs (i.e., net of any applicable federal and state assistance for such Capital Expenditures and PFC’s) in each cost center, with such expenditures to be funded by the rentals, fees, and charges payable by the Signatory Airlines, or through the recovery of Amortization prior to determination of Revenue Sharing, in accordance with Exhibit E.

  • Notwithstanding the foregoing, in the event the cumulative Bango EBITDA during the Testing Period is in excess of $10,000,000 the amount of such excess shall be offset against the amount of the Required Annual Capital Expenditures, thus reducing the amount of such Required Annual Capital Expenditures which Buyers are entitled to offset against any Contingent Payment due Bango Refining hereunder.

  • Annual Capital Expenditures in the Terminal cost center of up to an aggregate of $2,000,000 in net project costs (i.e., net of any applicable federal and state assistance for such Capital Expenditures and PFC’s) in each cost center, with such expenditures to be funded by the rentals, fees, and charges payable by the Signatory Airlines, or through the recovery of Amortization prior to determination of Revenue Sharing, in accordance with Exhibit E.