Capital Expenditure Commitment definition

Capital Expenditure Commitment means any commitment entered into with a third party with respect to Capital Expenditures to be made by the Company or any of the Subsidiaries at any time after the date hereof; provided, however, that, for the avoidance of doubt, the parties acknowledge and agree that the term Capital Expenditure Commitment shall not include any commitments with respect to Capital Expenditures to be made after the date hereof that were entered into by the Company or any Subsidiary on or prior to the date hereof.
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Capital Expenditure Commitment means, as to any Capital Expenditure Lender, its obligation to make Capital Expenditure Loans to the Borrower in an aggregate principal amount not to exceed the amount set forth opposite such Capital Expenditure Lender’s name on Schedule 2.01 hereto under the caption “Capital Expenditure Commitment” or in the Assignment and Assumption pursuant to which such Capital Expenditure Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate amount of the Capital Expenditure Commitments of all Capital Expenditure Lenders as of the Effective Date is $400,000,000.
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Capital Expenditure Commitment has the meaning set forth in Section 6.1.
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Examples of Capital Expenditure Commitment in a sentence

  • Such fee shall be payable in arrears, on the last Business Day of each calendar quarter and on the Capital Expenditure Commitment Termination Date.

  • Each Lender agrees, severally on a Pro Rata Capital Expenditure Loan basis up to its Capital Expenditure Loan Commitment, on the terms set forth herein, to make Capital Expenditure Loans to Borrowers from time to time through the Capital Expenditure Commitment Termination Date.

  • If the Partnership obtains a loan from a person other than Star to finance capital expenditures or acquisitions which bears a variable interest rate, then at such time as such interest rate exceeds 11% per annum the Partnership shall, at the request of the ▇▇▇▇▇ Partner, be entitled to draw upon the Capital Expenditure Commitment to the extent available to refund or refinance such loan.

  • In addition to the Capital Expenditure Commitment, Tenant shall also be responsible for the cost of physician recruitment and the expenses associated with the establishment of new programs, as more fully described herein.

  • During the Interim Period, the Company and the Subsidiaries shall obtain Buyer’s prior written consent(which consent shall not be unreasonably withheld or delayed) before entering into any Capital Expenditure Commitments in any calendar month, which, in the aggregate, exceed the Capital Expenditure Commitment Budget for such calendar month.

  • Any amusement rides or attractions or other Improvements added by Tenant to the Premises following the Commencement Date, as a result of the Capital Expenditure Commitment or otherwise, shall immediately and automatically become the property of Landlord for all purposes in full ownership, without compensation to Tenant or any other person, free and clear of any liens and other encumbrances (other than the SouthTrust Mortgage and the City Mortgage), and will be subject to the terms of this Lease.

  • Each Lender agrees, severally on a Pro Rata basis up to its Capital Expenditure Loan Commitment, on the terms set forth herein, to make Capital Expenditure Loans to Borrowers from time to time through the Capital Expenditure Commitment Termination Date.

  • Subject to the terms and conditions set forth herein, each Lender severally agrees to make Capital Expenditure Loans to the Borrower from time to time during the Capital Expenditure Availability Period in an aggregate principal amount at any one time outstanding not exceeding such Lender’s Capital Expenditure Commitment.

  • Each Lender agrees, severally on a Pro Rata Capital Expenditure Loan basis up to its Capital Expenditure Loan Commitment, on the terms set forth herein, to make Capital Expenditure Loans to Borrowers from time to time from the Closing Date or September 10, 2019, as applicable, through the Capital Expenditure Commitment Termination Date.

  • Capital Expenditure Commitment Termination Date: the earliest to occur of (a) the date that is three years from the Closing DateOctober 14, 2020; (b) the date on which Borrowers terminate the Capital Expenditure Loan Commitment pursuant to Section 2.3.5; or (c) the date on which the Capital Expenditure Loan Commitment is terminated pursuant to Section 11.2. Capital Expenditure Loan: a capital expenditure loan made pursuant to Section 2.3.