Cap-X definition

Cap-X means (i) the aggregate of all expenditures (excluding acquisitions and divestitures) that, in conformity with GAAP, are or are required to be included in rental equipment in the Company’s consolidated balance sheet less (ii) rental equipment sales as reported in the Company’s consolidated financial statements.
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Examples of Cap-X in a sentence

  • The outstanding unpaid principal balance and all accrued and unpaid interest on the CapX Loan shall be due and payable on the earlier of (i) the Maturity Date, and (ii) the date of the acceleration of the CapX Loan in accordance with the terms hereof.

  • If a Non-Elected Amount remains available and is not disposed of pursuant to Sections 6.3.3 or 6.3.4 above, the Management Committee shall offer such Non-Elected Amounts first to other CapX Project participants and then may offer, subject to compliance with Applicable Law, to third parties on terms and conditions determined by the Management Committee at a Level B Vote.

  • Where any Critical Permit is being sought on a joint or consolidated basis with one or more other CapX Projects, the oversight and supervision of such process shall be on a coordinated basis with the development managers of the other CapX Projects, except as otherwise determined by the Management Committee at a Level B Vote.

  • In the event other CapX Project participants or third parties subscribe in the Cost Offering, Appendix A shall be modified in accordance with Section 5.5 above.

  • If the Management Committee determines that Joint Development Work is no longer a sufficient benefit to the Project and/or the costs related to the Joint Development Work are no longer justified or equitably allocated, the Management Committee shall, upon a Level B Vote, provide written notice thereof to the participants in the other CapX Projects of its determination to withdraw from Joint Development Work.

  • The Participants believe Joint Development Work is a benefit to the Project and the costs of Joint Development Work, as set forth in Appendix B, are equitably allocated among the CapX Projects.

  • In the event any CapX Loans are made, the principal of each CapX Loan shall be repaid on the last day of each fiscal quarter in consecutive quarterly installments based on a six-year amortization schedule (i.e. each installment shall be 1/24th of the original principal amount of such CapX Loan), commencing on the last day of the first full fiscal quarter immediately following the making of such CapX Loan.

  • A percentage (G&A Percentage) of 36% shall be applied to the Development Manager's Direct Labor charged to CapX.

  • The CapX Commitment shall terminate on the CapX Commitment Termination Date, unless sooner terminated in accordance with this Agreement.

  • A primary goal of the CapX 2020 Initiative is to plan, facilitate and assist in the design and construction of new transmission projects to help maintain and enhance system reliability for electric customers in Minnesota and the surrounding region.

Related to Cap-X

  • Cap Contract Any of the Class A-1 Cap Contract, the Class A-2 Cap Contract or the Subordinate Certificates Cap Contract.

  • Basis Risk Reserve Fund A fund created as part of the Trust Fund pursuant to Section 5.06 of this Agreement but which is not an asset of any of the REMICs.

  • Subordinate Net Funds Cap With respect to any Distribution Date, an amount equal to the weighted average of the Pool 1 Net Funds Cap and the Pool 2 Net Funds Cap, weighted on the basis of the Pool Subordinate Amount for each Mortgage Pool; provided, however, that on any Distribution Date after which the aggregate Class Principal Amount of the Senior Certificates relating to any Mortgage Pool has been reduced to zero, such weighting shall be on the basis of the Pool Balance of each Mortgage Pool.

  • Net WAC Rate With respect to any Distribution Date (and the related Accrual Period), a per annum rate equal to the weighted average of the Net Mortgage Rates of the Mortgage Loans as of the first day of the related Collection Period (not including for this purpose Mortgage Loans for which prepayments in full have been received and distributed in the month prior to that Distribution Date).

  • Available Funds Cap Any of the Class A-1 Available Funds Cap, the Class A-2 Available Funds Cap or the Weighted Average Available Funds Cap.