Capital Expense definition

Capital Expense. Not make any fixed capital expenditure or any commitment therefor, including, but not limited to, incurring liability for leases which would be, in accordance with generally accepted accounting principles, reported as capital leases, or purchase any real or personal property in an aggregate amount exceeding $5,000,000.00 in any one fiscal year.

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Capital Expense for any period, and with respect to Real Property which is an Eligible Real Estate Asset during such period, the sum of all usual and recurring capital expenditures of the Borrower and its Subsidiaries made with respect to such Eligible Real Estate Asset during such period (excluding, without limitation, expenses for expansions of such Real Property, or any ground-up construction on such Real Property).

Capital Expense means any item of expense that, according to Generally Accepted Accounting Principles, is not properly deducted as a current expense on the books of the Hotel, but rather should be capitalized.

Examples of Capital Expense in a sentence

• Capital Expense: All types of capital expenditures shall be recorded on a schedule and submitted with the Monthly Financial Reports package.

• If Manager believes it is desirable to change the Rent Schedule or the Capital Expense Schedule, Manager shall provide written notice to Owner of the changes sought.

• Except in accordance with the Capital Expense Budget, the amount of the Capital Reserve Account may not be reduced prior to the Closing Date.

• Manager acknowledges that the Capital Expense Account shall be held in the name of, titled to, and under the complete and sole control of Owner, and that Manager shall have no security interest or right to demand payment or expenditure from the Capital Expense Account whatsoever.

• The Manager shall establish and maintain for the benefit of and in the name of the Enterprise a Capital Reserve Fund to pay Capital Expenses in accordance with the Capital Expense Budget.

More Definitions of Capital Expense

Capital Expense means facilities or equipment with a unit cost over $500.00 and a useful life of more than one year, including buses and other vehicles, and related equipment needed to support the provision of transportation services.

Capital Expense. Not make any fixed capital expenditure or any commitment therefor, including, but not limited to, incurring liability for leases which would be, in accordance with generally accepted accounting principles, reported as capital leases, or purchase any real or personal property in an aggregate amount exceeding $6,000,000 in any one fiscal year, excluding capital expenditures in connection with the Borrower's grafting and replanting of vineyards.

Capital Expense means money spent by the association to maintain common

Capital Expense means repair or replacement of an asset that exceeds

Capital Expense means any expenditure that is either:

Capital Expense. Not make any fixed capital expenditure or any commitment therefor, including, but not limited to, incurring liability for leases which would be, in accordance with generally accepted accounting principles, reported as capital leases, or purchase any real or personal property in an aggregate amount exceeding $10,000,000 in any one fiscal year, exclusive of acquisition financing. Provided that Borrower may make capital expenditures or commitments therefor in connection with acquisitions in an amount up to $3,000,000 without the Bank's approval (subject to the terms and conditions of the Term Loan Credit Agreement of even date between the Bank and the Borrower.

Capital Expense means the funds appropriated to or required for furnishings, equipment (including computer hardware and software) and initial collections (print, non-print, electronic) for new buildings, building additions or building renovations; periodic major projects such as the upgrade of computer hardware and software, and the replacement of roofs, and heating, ventilation and air conditioning systems; and site acquisition, new buildings, and additions to or renovations of library buildings.