Maintenance Expenditures definition
Examples of Maintenance Expenditures in a sentence
The ESC is inclusive of all Exadata Capital Expenditures, Exadata Maintenance Expenditures, and Exadata Incidental Costs, as such term is defined herein, associated with the Exadata systems that are actually paid by Service Provider.
In the event Tenant elects to make Capital Alterations at a Facility during a Lease Year in which Tenant has, for such Lease Year, made Maintenance Expenditures in excess of the applicable Minimum Aggregate Maintenance Amount minus the Overage Amount for such Facility, then Tenant may request, in writing, for Landlord to provide Tenant with funds (the “Improvement Funds”) for the cost to complete the Alterations to which said additional Capital Alterations apply.
Operator shall maintain up-to-date financial and accounting records as they apply to the Annual Maintenance Expenditures.
The foregoing shall not preclude Seller from making (i) Maintenance Expenditures and Capital Expenditures, and (ii) at Seller's expense, such other maintenance and capital expenditures as Seller deems necessary.
If Exploration and Maintenance Expenditures in any year exceed the minimum amount required for such year as set forth in the above schedule, ICMC shall be entitled to credit the excess amount against Exploration and Maintenance Expenditures required for any subsequent Agreement Year or Years.