Capital Expense Budget definition

Capital Expense Budget means the budget for Capital Expenses adopted in accordance with Section 4.9.
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Capital Expense Budget means a comprehensive budget, approved as provided in the Participation Agreement, estimating all anticipated and proposed Capital Expenses for Capital Improvements and recommended reserves therefor.
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Capital Expense Budget is defined in Section 6.3.1.
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Examples of Capital Expense Budget in a sentence

  • The Project Operator shall be entitled to make expenditures in excess of the Capital Expense Budget, as necessary in order to meet the requirements of Applicable Law, Prudent Industry Practice, the Operating Standards and this Agreement; provided that any Material Budget Overrun shall be subject to the prior approval of the Management Committee by Majority Vote.

  • A draft of the proposed Capital Expense Budget shall be distributed to each Participant forty-five (45) days before the deadline for approval by the Management Committee set forth above and to the extent that a Participant shall have provided its comments, if any, to the Management Committee within thirty (30) days of receipt of the proposed Capital Expense Budget, the Management Committee shall reasonably consider such comments in preparation of its final Capital Expense Budget.

  • The Management Committee shall notify the Project Operator upon approval of any amendment to the Capital Expense Budget.

  • Except as set forth in this Article 5, during the Delivery Term, the Project Operator shall adhere to the Capital Expense Budget, as in effect or amended by the Management Committee by Majority Vote from time to time.

  • Such funds on deposit in the Additional Capital Expenses Reserve Account shall be used for (a) capital expenditures pursuant to any Approved Capital Expense Budget in effect from time to time (subject to the last sentence of this section, including from a prior year) and not otherwise paid to Borrower in connection with disbursements from the FF&E Reserve Account or (b) capital expenditure not set forth in any Approved Capital Expense Budget and approved by Lender in its sole discretion.

  • On or before the twentieth (20th) Day of the month, the Project Operator shall prepare and submit to the Owners a monthly report of actual and projected versus budgeted expenditures under the then applicable Budgets for the previous month, including the Operating Budget or the Capital Expense Budget.

  • No Owner may refuse to pay its Percentage of an Operating Expense or a Capital Expense to be incurred in the then current Fiscal Year if such Operating Expense or such Capital Expense was previously approved by the Management Committee in the Operating Budget or the Capital Expense Budget, as appropriate, for such Fiscal Year or any additional Operating Expense recommended by the Project Operator as provided above pending resolution of the Budget Deadlock.

  • As applicable, the Operating Budget or Capital Expense Budget, or any Major Budget Category line item therein, shall be deemed amended by any Material Budget Overrun approved in accordance with this Agreement, and any conditions set forth in such approval.

  • The Management Committee may, by a Majority Vote, (a) approve a proposed Operating Budget or Capital Expense Budget, or (b) approve a portion of the proposed Operating Budget or Capital Expense Budget.

  • As applicable, the Operating Budget or Capital Expense Budget, or any Major Budget Category line item therein, shall be deemed amended by any Material Budget Overrun approved by Majority Vote.


More Definitions of Capital Expense Budget

Capital Expense Budget is defined in Section 5.2(b)(viii) of the Agreement.
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Capital Expense Budget means the budget for Capital Expenses adopted in accordance with Section 4.9. Huron Band-GEM Management Agreement
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Capital Expense Budget means the annual Capital Expense budget which is in effect from time to time in accordance with the provisions of Article VI hereto. Capital Expense Reserve - shall have the meaning set forth in Section 6.2 hereof. Club Members or Members - the members of Club Regixx xxx hold shares of stock issued by Club Regixx xx connection with a "timeshare" (e.g., right to use) and the VOC Members. Club Regixx - Xlub Regixx, X.A. de C.V. Club Regixx Xxxorts - shall mean Club Regixx Xxxorts, Inc., a Nevada corporation. Committee - shall have the meaning set forth in Section 15.1 hereof.
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Related to Capital Expense Budget

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

  • Capital Budget has the meaning given in Section 3.11(a).

  • 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.

  • Maintenance Capital Expenditures means, for any period, the portion of the aggregate amount of all Capital Expenditures of the Borrower for such period attributable to maintenance of property, plant or equipment of the Borrower and the Restricted Subsidiaries, as determined in good faith by a Responsible Officer of the Borrower.

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • 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.

  • Approved Budget means an annual budget-

  • 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.

  • CapEx Budget means the annual budget for the Asset Entities taken as a whole covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Capital Expenditures consisting of discretionary expenditures made to acquire fee or easement interests with respect to any Ground Lease Tower Site or Easement Tower Site, or non-recurring expenditures made to enhance the Operating Revenues of a Tower Site.

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • 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.

  • 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.

  • Annual Budget means the operating budget, including all planned capital expenditures, for the Property prepared by Borrower for the applicable Fiscal Year or other period.

  • Operating Budget has the meaning given in Section 3.11(a).

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

  • 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).

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

  • Operating Expenditures means all Partnership Group cash expenditures (or the Partnership’s proportionate share of expenditures in the case of Subsidiaries that are not wholly owned), including taxes, compensation of employees, officers and directors of the General Partner, reimbursement of expenses of the General Partner and its Affiliates, debt service payments, Maintenance Capital Expenditures, repayment of Working Capital Borrowings and payments made in the ordinary course of business under any Hedge Contracts, subject to the following:

  • 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 reflected in the consolidated statement of cash flows of Company and its Subsidiaries.

  • Independent expenditure means an expenditure by a person:

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • local expenditures means expenditures in the currency of the Borrower or for goods or services supplied from the territory of the Borrower; and

  • Approved Operating Expenses means Operating Expenses incurred by Borrower or by any Manager on Borrower’s behalf (excluding any Restricted Payments) which (i) are included in the Approved Annual Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Properties, (iii) are for Management Fees, or (iv) have been approved in writing by Lender as Approved Operating Expenses; provided, however, that Approved Operating Expenses shall also include, for any calendar month in which Operating Expenses exceed the Monthly Operating Expense Budgeted Amount, the amount of such excess Operating Expenses up to and not to exceed ten percent (10%) of the Monthly Operating Expense Budgeted Amount for such calendar month as to which Borrower provides to Lender a reasonably detailed explanation of the reasons for and expenditures resulting in Operating Expenses exceeding the Monthly Operating Expense Amount.