Initial Capital Expenditures definition

Initial Capital Expenditures means Capital Expenditures incurred as part of a program of spending to improve any Properties acquired after the Closing Date; provided that such Initial Capital Expenditures are (x) identified prior to any such acquisition of Property and (y) completed within one year after the closing of such acquisition of Property.
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Initial Capital Expenditures means Capital Expenditures incurred as part of a program of spending to improve any Properties acquired after the Initial Closing Date; PROVIDED that such Initial Capital Expenditures are (x) identified prior to any such acquisition of Property and (y) completed within one year after the closing of such acquisition of Property.
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Initial Capital Expenditures means those actual expenditures incurred by Borrower and capitalized in accordance with GAAP, necessary for the Property to be deemed renovated and suitable to be leased to an initial Tenant and performed before the Property becomes a Stabilized Property, each as certified by a Responsible Officer of the Borrower in a Completion Certificate delivered to the Diligence Agent and the Administrative Agent, together with reasonably satisfactory evidence supporting such Initial Capital Expenditures as the Agents may request; provided that, the Administrative Agent shall have a right to, or at the direction of the Required Lenders shall, recalculate the Initial Capital Expenditures in any case where it considers the supporting evidence not reasonably satisfactory. For the avoidance of doubt, Initial Capital Expenditures do not include any fees, costs or expenses associated with any ongoing recurring repairs or maintenance to any Property.
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Examples of Initial Capital Expenditures in a sentence

  • Modulator / Exciter Encoder Multiplexer PSIP Generator STL Equipment Host shall bear the costs for any Initial Capital Expenditures.


More Definitions of Initial Capital Expenditures

Initial Capital Expenditures means those initial capital expenditures necessary for the Contributed REO Property to be deemed renovated and suitable to be leased to an initial Tenant.
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Related to Initial Capital Expenditures

  • Net Capital Expenditures means for any period the amount by which Capital Expenditures during such period exceeds reimbursements for such items during such period from any fund established pursuant to the Loan Documents.

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Investment Capital Expenditures means capital expenditures other than Maintenance Capital Expenditures and Expansion Capital Expenditures.

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).