Capital Expenditure Advance definition

Capital Expenditure Advance has the meaning set forth in Section 1.1(b).
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Capital Expenditure Advance an Advance of Floating Rate Principal made by Lender to Borrower pursuant to Section 2.9.1 hereof, to cover Approved Capital Expenses at the Property.
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Capital Expenditure Advance shall have the meaning set forth in Section 5.5 hereof.
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Examples of Capital Expenditure Advance in a sentence

  • Lender shall disburse to Borrower each Capital Expenditure Advance pursuant to, and in accordance with, the terms of this Section 5.5 not more than once in each calendar month upon simultaneous submission to Lender at least ten (10) days prior to the date on which Borrower desires a disbursement of a Capital Expenditure Advance, of a written requisition (a “Capital Expenditure Requisition”), certified by Borrower on such form or forms as may be required by Lender.

  • The Capital Expenditure Advance Shortfall shall be deposited into the Capital Reserve Subaccount and thereafter be disbursed and applied in accordance with the terms and provisions of Section 3.4 hereof.

  • If on December 31, 2005, an Event of Default is then continuing, Borrower shall have no right to request, and Lender shall have no obligation to fund, any Capital Expenditure Advance thereafter.

  • Any prepayment of the Term Advance and the Capital Expenditure Advance (other than in accordance with Section 2.7.1(a) and 2.7.2(a)) or reduction in the Maximum Line must be in an amount not less than $250,000.00 or an integral multiple thereof.

  • Each Capital Expenditure Advance must be in a minimum amount of $500,000 and integral multiples of $500,000 in excess of such amount.

  • At least five (5) Business Days prior to the funding of any such Capital Expenditure Advance, Borrower shall deliver to Agent a Capital Expenditure Advance Compliance Certificate, fully executed by the chief financial officer or chief executive officer of Borrower.

  • Four interviews were conducted, the interviewees age ranged from 18 to 54.

  • Each such notice (a "Notice of Capital Expenditure Advance") shall be substantially in the form of Exhibit E, specifying therein the requested date, the amount of such Capital Expenditure Advance, and such other information as may be required by Agent and shall be given in writing (by telecopy, telex or cable) or by telephone confirmed immediately in writing.

  • Borrower shall provide evidence satisfactory to Lender that all the capital expenditure work for which the Capital Expenditure Advance is being requested has been performed (1) in accordance with all Governmental Regulations, and (2) in a good and workmanlike manner.

  • Agent shall be entitled to rely upon, and shall be fully protected under this Agreement in relying upon, any Notice of Capital Expenditure Advance believed by Agent to be genuine and to assume that each Person executing and delivering the same was duly authorized unless the responsible individual, or a designee thereof, acting thereon for Agent shall have, at the time of reliance thereon, actual knowledge to the contrary.


More Definitions of Capital Expenditure Advance

Capital Expenditure Advance shall have the meaning set forth in Section 2.15(a) hereof.
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Capital Expenditure Advance an Advance of Tranche B Principal made by Lender to Borrower pursuant to Section 2.9.1 hereof, to cover Approved Capital Expenses at the Property.
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Capital Expenditure Advance means any Borrowing whose proceeds will be used by Borrower to finance capital expenditures.
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Capital Expenditure Advance means an advance by LaSalle to or for the benefit of the Borrower under the Capital Expenditure Loan.
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Capital Expenditure Advance has the meaning specified in Section 2.4.
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Related to Capital Expenditure Advance

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Capital Expenditure means expenditure on:

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Capital Expenditure Reserve means, on an annual basis, an amount equal to $0.15 per square foot for each property owned by a Borrower or the Parent (or a Subsidiary thereof).

  • Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) included in the Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld or delayed.

  • Net Capital Expenditures means for any period the amount by which Capital Expenditures during such period exceeds reimbursements for such items during such period from any fund established pursuant to the Loan Documents.

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Consolidated Maintenance Capital Expenditures means, for any period, the aggregate amount of expenditures for additions to property, plant, and equipment that are not Consolidated Expansion Capital Expenditures.

  • Investment Capital Expenditures means capital expenditures other than Maintenance Capital Expenditures and Expansion Capital Expenditures.

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.

  • Unfinanced Capital Expenditures means, for any period, Capital Expenditures made during such period which are not financed from the proceeds of any Indebtedness (other than the Revolving Loans; it being understood and agreed that, to the extent any Capital Expenditures are financed with Revolving Loans, such Capital Expenditures shall be deemed Unfinanced Capital Expenditures).

  • Non-Financed Capital Expenditures means Capital Expenditures not financed by the seller of the capital asset, by a third party lender or by means of any extension of credit by Lender other than by means of an Advance under the Revolving Credit Facility.

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • Consolidated Capital Expenditures means, for any period, the aggregate of all expenditures of Company and its Subsidiaries during such period determined on a consolidated basis that, in accordance with GAAP, are or should be included in “purchase of property and equipment or similar items”, or that should otherwise be capitalized, as reflected in the consolidated statement of cash flows of Company and its Subsidiaries.

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Unfunded Capital Expenditures means those Capital Expenditures which are not financed by Funded Debt.

  • Eligible Expenditure means expenditure solely for the purpose of delivering the Services agreed and set out in the Appendices and Annexes of this Funding Agreement;

  • Exploration Expenditures means the sum of:

  • Eligible Expenditures means expenditures in respect of the reasonable cost of goods, works and services required for the Project and to be financed out of the proceeds of the Loan allocated from time to time to the eligible Categories in accordance with the provisions of Schedule 1 to this Agreement; and

  • Excluded Expenditure means any expenditure: