Extraordinary Expenditure definition
Extraordinary Expenditure means any item of expenditure incurred by the Contractor (or a Guarantor) in relation to a Rectification Event but Extraordinary Expenditure shall not under any circumstances include expenditure which relates to planned maintenance, repair or renewal of the FPSO or any part thereof, or to ordinary unplanned maintenance, repair or renewal of the FPSO or any part thereof, or to operating expenditure incurred in the provision of the Services. Any item of Extraordinary Expenditure shall be notified forthwith to the ▇▇▇▇▇▇ Operator.
Extraordinary Expenditure has the meaning ascribed thereto in the Investor Rights Agreement.
Extraordinary Expenditure means any operating or capital expenditure that (i) is not in the Ordinary Course or (ii) has a fair market value greater than fifty thousand (50,000) Euros.
Examples of Extraordinary Expenditure in a sentence
To the extent that an item is treated as an Extraordinary Income Item or Extraordinary Expenditure, that item shall not directly or indirectly be included in the computation of the Partnership’s net income, gain, loss or deduction.
Except as otherwise provided in the contingency (or with respect to any Extraordinary Expenditure), no expenditure shall be incurred by or on behalf of the Company which is not contemplated, either specifically or generally, by the Operating Budget then in effect.