Examples of Growth Capital Expenditures in a sentence
All our capital expenditures are considered Growth Capital Expenditures.
Beginning on January 1, 2014, Borrower’s Growth Capital Expenditures, not including those financed by Lender, shall not exceed $5,000,000.00 per year without prior written approval of Lender, such approval not to be unreasonably withheld, conditioned or delayed.
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.
The aggregate amount of all Consolidated Growth Capital Expenditures and Permitted Acquisitions shall not exceed $100,000,000; provided, that if immediately before and after giving effect to any such Consolidated Growth Capital Expenditures the Borrower’s Consolidated Leverage Ratio is less than 4.25 to 1.00, no such Dollar limit shall apply.
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.