Cash Capex definition

Cash Capex means any capital expenditure (determined in accordance with GAAP) the source of funds for which was not or is not proceeds of any Debt (whether or not subordinate to any other obligation of any Person), any operating lease or any equity issuance.
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Cash Capex shall equal the dollar amount of those capital expenditures made by the Borrower that are not externally financed during the applicable Test Period.
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Cash Capex means shall mean, for any fiscal period, the aggregate of all expenditures during such period for any assets, or for improvements, replacements, substitutions or additions therefor or thereto, which are capitalized on the balance sheet of the Borrower and which, in conformity with GAAP, are required to be included in or reflected by the property, plant or equipment or similar fixed asset account reflected in such balance sheet, and shall include the balance sheet amount of Capitalized Lease Obligations incurred during such period.
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Examples of Cash Capex in a sentence

  • The Borrower shall, at the end of such Test Period, maintain a ratio of (i) Consolidated EBITDAR less all taxes paid in cash during such Test Period less Cash Capex plus Net Proceeds from Asset Sales to (ii) Consolidated Interest and Rental Expense plusCMLTD which shall be not less than 1.25 to 1.0.

  • Borrower and its Subsidiaries on a consolidated basis shall not make aggregate Cash Capex in any Fiscal Year (beginning with the Fiscal Year ending December 31, 2005), in excess of $500,000.

  • The Borrower shall, at the end of such Test Period, maintain a ratio of (i) Consolidated EBITDAR LESS all taxes paid in cash during such Test Period LESS Cash Capex LESS Earnings-Based Payments PLUS Net Proceeds from Asset Sales to (ii) Consolidated Interest and Rental Expense PLUS CMLTD which shall be not less than 1.25 to 1.0.


More Definitions of Cash Capex

Cash Capex means, for any fiscal period, the aggregate of all expenditures during such period for any assets, or for improvements, replacements, substitutions or additions therefor or thereto, which are capitalized on the balance sheet of the Borrower and which, in conformity with GAAP, are required to be included in or reflected by the property, plant or equipment or similar fixed asset account reflected in such balance sheet, and shall include the balance sheet amount of Capitalized Lease Obligations incurred during such period, but excluding expenditures made in connection with the replacement, substitution or restoration of assets to the extent financed (i) from insurance proceeds (or other similar recoveries) paid on account of the loss of or damage to the assets being replaced or restored or (ii) with awards of compensation arising from the taking by eminent domain or condemnation of the assets being replaced.
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Cash Capex means Capital Expenditures that are not financed through the incurrence of Indebtedness (other than the Revolving Credit Loan).
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