Capex Financing definition
Capex Financing means, with respect to any Consolidated Capital Expenditure, the incurrence by any Borrower or any Subsidiary of any Indebtedness secured (whether such security is limited to principal or otherwise) by a mortgage or other Lien, including any Lien under a Capital Lease Obligation, solely on the asset that is the subject of such Consolidated Capital Expenditure, to the extent that the Net Cash Proceeds of such Indebtedness do not exceed the amount of such Consolidated Capital Expenditure.
Capex Financing means, with respect to any Consolidated Capital Expenditure, the incurrence by Parent, any Borrower or any Specified Subsidiary of any Indebtedness secured (whether such security is limited to principal or otherwise) by a mortgage or other Lien, including any Lien under a Capital Lease Obligation, on the asset that is the subject of such Consolidated Capital Expenditure, to the extent that the Net Cash Proceeds of such Indebtedness do not exceed the amount of such Consolidated Capital Expenditure.
Capex Financing means, with respect to any expenditure (whether paid in cash or accrued as a liability) that (in conformity with GAAP) is required to be included in or reflected by the property, plant, equipment or intangibles or similar fixed asset accounts reflected in the consolidated balance sheet of the Borrower and the Guarantors (any such expenditure, a "Capital Item"), the incurrence by a Subsidiary Guarantor of any Indebtedness secured (whether such security is limited to principal or otherwise) by a mortgage or other Lien, including any Lien under a Capitalized Lease, on the asset that is the subject of such Capital Item, to the extent that the Net Cash Proceeds of such Indebtedness do not exceed the amount of such Capital Item.