Examples of Excess Capital Expenditures in a sentence
For purposes of this Section 5.2(i), "Excess Capital Expenditures" shall mean, with respect to any fiscal year of the Company, the portion of the aggregate amount of consolidated Capital Expenditures of the Company and its Subsidiaries made during such fiscal year that exceeds the consolidated Depreciation Expense of the Company and its Subsidiaries for such fiscal year.
The "INITIAL EARN-OUT AMOUNT" shall be (1) the product of seven multiplied by the Trailing EBITDA, less (2) the amount of Excess Capital Expenditures (as such terms are defined below), provided that if the resultant amount of this clause (2) would otherwise be less than zero, then such amount shall be zero.
A workman may be fined up to two per cent of his wages in a month for the following acts and omissions, namely:2.
The OWNER shall pay the CONSULTANT for additional services, which are not specifically called for in Attachment A, Scope of Services, in accordance with the CONSULTANT’s standard rates.
HoldCo Buyer therefore agrees that, to the extent Operating Buyer, in its reasonable discretion, determines that Operating Entity Capital Expenditures are necessary or appropriate in accordance with good engineering practice in excess of the Plan, (“Excess Capital Expenditures”) and actually incurs such Excess Capital Expenditures during the Reimbursement Period, Holdco Buyer shall reimburse Operating Buyer for any such Excess Capital Expenditures up to an aggregate amount of $ 50 million.