Capital Expenditure Allowance definition

Capital Expenditure Allowance means, with respect to any Property at any date of determination, U.S.$0.15 per annum times the total number of rentable square feet of such Property.

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Capital Expenditure Allowance means, in respect of any period, the figure opposite that period in the table set out in paragraph (b) of Clause 17.2 (Permitted Capital Expenditure).

Capital Expenditure Allowance means, with respect to each Eligible Property for any period, the greater of (a) actual Maintenance Capital Expenditures made by the Borrower with respect to such Eligible Property during such period and (b) an amount equal to three percent (3%) of Gross Golf Revenues with respect to such Eligible Property during such period.

Examples of Capital Expenditure Allowance in a sentence

Notwithstanding the foregoing, there shall be no reduction for up to $50,000 of such Debt that relates to capital expenditures made subsequent to July 31, 1997 (the "Capital Expenditure Allowance").
If the Parent fails to deliver such timely notice to the Administrative Agent, the Unused Capital Expenditure Allowance shall be allocated first to the Carryforward Restricted Payment Basket and then to the Carryforward Capital Expenditure Basket.
If the Company fails to deliver such notice to the holders of Notes in the time required, the Unused Capital Expenditure Allowance shall be allocated first to the Carryforward Restricted Payment Basket and then to the Carryforward Capital Expenditure Basket.
Capital Expenditures made in any such succeeding Fiscal Year shall be applied first to the Excess Capital Expenditures Allowance carried forward until such Allowance is exhausted and shall then be applied to the maximum Capital Expenditures specified above for such Fiscal Year in determining whether an Excess Capital Expenditure Allowance is available to be carried forward to the next succeeding Fiscal Year in the manner described in this Subsection 7.5.4.
The term "Carryforward Capital Expenditure Basket" shall mean the portion, if any, of all Unused Capital Expenditure Allowance allocated by the Company pursuant to subsection (c) below for Capital Expenditures in future fiscal years.
Notwithstanding the foregoing, if any amount of the Weekly Capital Expenditure Allowance is not used in any week, such unused amount may be used in any subsequent week.
Notwithstanding the foregoing, under no events or circumstances shall Lessee be obligated to expend more than the Capital Expenditure Allowance which shall be made available to it by Lessor for the purpose of Lessee's obligations for ordinary maintenance and repairs, and any such additional sums as may be necessary to make any of such ordinary maintenance and repairs shall be funded solely by Lessor.
It is understood that Capital Expenditures (net of Tenant Improvements) made in any such succeeding fiscal year (or partial fiscal year, as applicable) (i) shall be applied first to the Excess Capital Expenditure Allowance carried forward, and shall then be applied to the maximum Capital Expenditure Allowance (net of Tenant Improvements) until such maximum is exhausted and (ii) shall not exceed $125,000,000, including after giving effect to the Excess Capital Expenditure Allowance.
As at the end of any week and subject to the following sentence, the Borrower shall not, without the prior written consent of the HOUSTON\2261364 Majority Lenders in their sole discretion in each instance, permit the aggregate amount of Capital Expenditures of the Debtors made during such weekly period to the product of (x) the amount set forth in the Cash Budget (after taking into account approved updates) for such weekly period multiplied by (y) 110% (the "Weekly Capital Expenditure Allowance").
As used in this Agreement, the following terms shall have the meanings set forth below: “Adjusted EBITDA” means, for any period, (a) EBITDA for such period less (b) the Capital Expenditure Allowance for all Properties for such period.

More Definitions of Capital Expenditure Allowance

Capital Expenditure Allowance means $_____________.

Capital Expenditure Allowance has the meaning assigned to such term in Section 6.11 hereof.

Capital Expenditure Allowance means, with respect to each real property asset for any period, the greater of (a) actual Maintenance Capital Expenditures made by the Operating Partnership with respect to such real property asset during such period and (b) an amount equal to three percent (3%) of Gross Golf Revenues with respect to such real property asset during such period.

Capital Expenditure Allowance means, with respect to any Property at any date of determination, U.S.$0.15 per annum times the total number of rentable square feet of such Property. “Capital Lease” means any capital lease or sublease that has been (or under IFRS should be) capitalized on a balance sheet of the lessee. “Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any Law, (b) any change in any Law or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that, notwithstanding anything herein to the contrary, (i) the ▇▇▇▇- ▇▇▇▇▇ ▇▇▇▇ Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, in each case shall be deemed to be a “Change in Law,” regardless of the date enacted, adopted, promulgated or issued (so long as such date occurs after the date of this Agreement). “Change of Control” means the occurrence of any of the following: (a) any Person or two or more Persons acting in concert (other than one or more Permitted Holders) shall have acquired and shall continue to have following the date hereof beneficial ownership, directly or indirectly, of Equity Interests of the Borrower representing more than 50% of the combined voting power of all Equity Interests of the Borrower; or (b) there is a change in the composition of the Borrower’s Board of Directors over a period of 24 consecutive months (or less) such that a majority of Board members ceases to be comprised of individuals who have been Board members continuously since the beginning of such period. “Class”