Capex Limit definition

Capex Limit has the meaning ascribed to it in Section 4.1.

Capex Limit has the meaning set forth in ‎Section 6.02(b).

Capex Limit means, for any fiscal year, the Capex Base Allowance for such fiscal year plus any Capex Carryover Amount for such fiscal year plus any Capex Pullback Amount for such fiscal year.

Examples of Capex Limit in a sentence

• Make any Capital Expenditures that would cause the aggregate of all such Capital Expenditures made by the Borrower and the Guarantors to exceed, in any Fiscal Year, the Adjusted Capex Limit.

• The Capex Limit in respect of any fiscal year commencing with the fiscal year ending on December 31, 2004, shall be increased (but not decreased) by the amount of unused permitted Capital Expenditures for the immediately preceding fiscal year (such amount, the “Capex Carryforward”); provided, however, that in no event shall the Capex Limit for any fiscal year be increased by more than $50,000,000.

• All Capital Expenditures made by Parent and its Subsidiaries shall first be applied to reduce the applicable Capex Limit and then to reduce the carry forward from the previous fiscal year, if any.

• TimberAbout 22% of B&Q’s turnover is accounted for by timber products.

• The Capex Limit in respect of any fiscal year commencing with the fiscal year ending on December 31, 2005, shall be increased by the amount of unused permitted Capital Expenditures for the immediately preceding fiscal year (such amount, the “Capex Carryforward”); provided, however, that in no event shall the Capex Limit for any fiscal year be increased by more than $50,000,000.

More Definitions of Capex Limit

Capex Limit means $38,000,000 for the fiscal year ending June 30, 1999 and $20,000,000 for each fiscal year thereafter.

Capex Limit means (i) for fiscal year 2001, $750,000 (ii) for fiscal year 2002, $3,000,000 and (iii) for each subsequent fiscal year, $1,000,000."

Capex Limit. Excess Cash Flow" and "Rollover Amount" set forth in Section 1 of the Agreement are amended to read as follows:

Capex Limit means for fiscal years ending March 31, 1999 and March 31, 2000, $8,000,000 and for each fiscal year thereafter, the greater of $7,000,000 or three percent (3%) of the Company's Consolidated revenues (determined according to GAAP) for the immediately preceding fiscal year but in any event not to exceed $10,000,000.00.

Capex Limit means for the financial year ended 30 September 2007, (pound)2,200,000, for the financial year ended 30 September 2008, (pound)1,980,000 and for any subsequent financial years 110% of the amount of Capital Expenditure as set out in the Budget for that financial year.

Capex Limit set forth in Article 1 of the Agreement is amended to read as follows:

Capex Limit means for the 1999 fiscal year, $9,000,000 and for each fiscal year thereafter shall mean, $5,000,000."