Growth Capital Budget definition

Growth Capital Budget has the meaning set forth in the LMM Agreement.
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Growth Capital Budget means the annual budget of the Company that identifies specific Growth Capital Projects to be undertaken during the course of the year and describes the means by which such Growth Capital Projects would be financed by the Company.
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Examples of Growth Capital Budget in a sentence

  • No later than 60 days prior to December 31, 2009 and to the end of each subsequent fiscal year of the Company, the Operating Member shall prepare and submit to the Management Committee for approval a Growth Capital Budget for the following fiscal year.

  • A copy of the Initial Growth Capital Budget for the balance of the year ended December 31, 2009 is attached hereto as Schedule 11.2(d).

  • For the avoidance of doubt, a Member may propose a Growth Capital Project and the related Growth Capital Expenditures to be funded by Capital Contributions or otherwise for the approval of the Management Committee at any regular or special meeting of the Management Committee, whether or not such Growth Capital Expenditures were included in the Growth Capital Budget for such fiscal year.

  • The Operating Member may incur Growth Capital Expenditures on behalf of the Company in each year in an aggregate amount of up 10% in excess of the Growth Capital Budget for such year without further approval from the Management Committee.