Committed CAPEX definition

Committed CAPEX means capital expenditures required to be made by Borrower or its Subsidiaries in accordance with the terms of the Newbuilding Contracts, or otherwise subject to the Majority Lenders' prior written consent.
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Examples of Committed CAPEX in a sentence

  • The Borrower shall not, nor shall it permit any Vessel Owning Subsidiary or other Loan Party to, make any Investments (as defined in Section 5.02(l) of the Credit Agreement), other than the Committed CAPEX.

  • Funds standing to the credit of the CAPEX Reserve Account after payment of the Committed CAPEX shall be applied as set forth in this Section 5.01(y).

Related to Committed CAPEX

  • Committed Capital means $20,837,637.00 for 14,129,250 Class A Capital Units to be issued with respect to Members receiving Class A Capital Units in the Reorganization, and, with respect to any additional Members, the purchase price of the Capital Units subscribed for in any subsequent offering pursuant to a subscription agreement that has been accepted by the Company, regardless of whether such purchase price has been fully paid.

  • Committed Capacity means that portion of the Capacity that is required to meet the Capacity Entitlements of Access Holders;

  • Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.

  • Revolving Availability means, at the time of determination, (a) the sum of all Revolving Commitments at such time less (b) the sum of (i) the principal amount of Revolving Loans and Swing Loans made and outstanding at such time and (ii) the LC Outstandings at such time.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).