Capitalized Dry Dock Cost definition
Capitalized Dry Dock Cost means all costs associated with vessel regulatory dry dock activity recorded on the balance sheet of Holdings on a Consolidated Basis and amortized in accordance with the certification period.
Examples of Capitalized Dry Dock Cost in a sentence
Following an Undrawn Availability Event, contract for, purchase or make any expenditure or commitments for unfinanced Capital Expenditures and Capitalized Dry Dock Cost in the next four fiscal quarters in an aggregate amount for Holdings on a Consolidated Basis in excess of $15,000,000.