Excess Expenditures definition

Excess Expenditures means the amount under A.R.S. § 42-17051(C) that is certified by the Auditor General’s office.

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Excess Expenditures shall have the meaning set forth in Section 2.

Excess Expenditures shall have the meaning set forth in Section 5.2.

Examples of Excess Expenditures in a sentence

• Excess Expenditures during any period specified above shall be carried forward and credited against Expenditures required in the subsequent period or periods.

• In doing so, Operator shall keep Owner timely informed and obtain Owner’s prior approval for any expenditures that are not set forth in the Annual Maintenance Plan or that do not qualify as Permitted Excess Expenditures.

• Excess Expenditures approved pursuant to this section 3.4(c) shall be included in the calculations provided for under section 3.4(d).

• Upon receipt of such account, the Participating Parties shall advance to the Joint Venture Account, within 30 days, funds representing their share of such overrun, provided, however, that any expenditures made by the Operator in excess of 120% of the total expenditure projection for the Work Plan and Budget then in effect (the "Excess Expenditures") shall be the sole responsibility of, and for the sole account of, the Operator unless approved pursuant to this section 3.4(c).

• Operator shall not require Owner’s prior approval, and Owner shall reimburse Operator for, any Permitted Excess Expenditures.

More Definitions of Excess Expenditures

Excess Expenditures means the difference between:

Excess Expenditures shall have the meaning set forth in Partnership Agreement.

Excess Expenditures means, for each calendar year (commencing with 1998) or portion thereof, the excess of (a) the capital expenditures (including without limitation interest) made by the Partnership as reasonably determined by the General Partner to be reasonably required in respect of the Property for such calendar year or portion thereof over (b) four (4) percent of the Gross Revenues (as defined in the Management Agreement) from the Property for such calendar year or portion thereof (annualized for partial years).

Excess Expenditures means the amount certified by the Auditor General’s office.

Excess Expenditures means the difference between (1) expen- ditures made by a gas utility for extensions of service to areas not served by a gas utility and (2) the sum of the investment allowable under a gas utili- ty's extension policy, plus amounts, if any initially available from other applicable sources, which include, without limitation, funds from: the Arkansas Industrial Development Commission or its successor; industrial deve- lopment bonds, municipal bonds, city bonds, improvement district bonds; spe- cial funds such as may be created by particular Commission orders for individual gas utilities in rate cases or other proceedings; and customer pro- vided contributions in aid of construction.

Excess Expenditures means the amount by which all Cap Ex Expenditures exceed $486,251.

Excess Expenditures has the meaning set forth in Section 7.3(b) (Budgets – Flexibility to Overrun).