Discretionary Expenditures definition
Discretionary Expenditures. ’ means any expenditure by BC Ferries or any Designated Subsidiary which is not an expenditure in the ordinary course of business in relation to operating costs, maintenance capital expenditures, taxes, Rent or payment of Debt Service as it becomes due.
Discretionary Expenditures means, for any fiscal year of the District, expenditures of general funds of the District which are recognized as expenditures in the audited financial statements for such fiscal year but that exclude expenditures identified by the District as capital outlay and emergency maintenance expenditures.
Discretionary Expenditures means all political subdivision expenditures, excluding:
Examples of Discretionary Expenditures in a sentence
The District shall ensure that (i) Discretionary Revenues minus Discretionary Expenditures for each fiscal year divided by (ii) Annual Debt Service for such fiscal year is not less than 1.25.
The District shall ensure that (i) Discretionary Revenues minus Discretionary Expenditures for each Fiscal Year divided by (ii) Annual Debt Service for such Fiscal Year is not less than 1.25.
More Definitions of Discretionary Expenditures
Discretionary Expenditures means all
Discretionary Expenditures. The Borrower shall ensure that, in any fiscal quarter, Discretionary Expenditures shall not exceed Net Cash Flow for such fiscal quarter, unless such excess of Discretionary Expenditures are funded from the previous fiscal quarter's Surplus Cash, or by new equity or subordinated debt funded in the current fiscal quarter.