Major Capital Expenditure definition

Major Capital Expenditure means any project or expenditure

Major Capital Expenditure means (a) any Capital Expenditure expected to result in a significant change in the use of any portion of the Facility intended to materially alter or enhance an existing use (including, by way of example and not limitation, the conversion of a typical hotel dining facility to a nationally-known, premium-quality restaurant); (b) any and all Capital Expenditures with respect to one or more new revenue-generating buildings, rooms, facilities, amenities, or structures constituting any portion of the Facility (including, by way of example and not limitation, the construction of a new wing or new story), or the renovation, material expansion, construction, or conversion of existing improvements of the Facility in order to increase the room capacity of the Facility, or to provide a functionally new facility needed to provide services not previously offered; or (c) any and all Capital Expenditures which, individually or in a series of related expenditures, have a total cost of completion in excess of the lesser of (i) seven and one- half percent (7.5%) of Gross Revenues for the Fiscal Year ending immediately prior to such expenditure, or (ii) $5,000,000. Notwithstanding the foregoing, in no event shall Major Capital Expenditures include any room, lobby, or ballroom refurbishments in the ordinary course or any other Routine Capital Expenditures.

Major Capital Expenditure means, individually or collectively as the context indicates, Capital Expenditures and any other amounts expended from time to time with respect to Alterations, repairs, replacements and/or improvements with respect to all or any portion of the Property, in each case that are not Approved Capital Expenditures set forth in the Approved Annual Budget but are otherwise approved by Lender, such approval not to be unreasonably withheld, conditioned or delayed.

Examples of Major Capital Expenditure in a sentence

• Major capital expenditure not included in the relevant approved budget with a proposed sum equal to or exceeding the relevant authorized amount (which authorized amount is to be defined by the Board of Directors authorized to do so), which proposed sum cannot be divided into smaller amounts to obtain easy approval and which proposed sum as approved cannot be divided for spending.

• Major capital expenditure and asset disposals are appraised and approved by the Board as well as the board of directors of the subsidiaries, wherever applicable.

• Capital Expenditure During the Period Major capital expenditure during the period for the assets owned by MORI TRUST Hotel Reit as of the end of the fiscal period under review is as follows.

• Major capital expenditure in foreign currency is hedged with forward foreign exchange contracts and options.

• Major capital expenditure in foreign currency is hedged with forward foreign exchange contracts.

More Definitions of Major Capital Expenditure

Major Capital Expenditure means an expenditure relating the acquisition of real property or the construction, major alteration or major repair of school facilities requiring debt financing;

Major Capital Expenditure has the same meaning as set out in subsection 21 (2) of the Act.

Major Capital Expenditure means a capital expenditure in a single transaction or a series of transactions for that same capital expenditure in excess of $3.5 million, excluding the capital expenditures required for the Xxx X. Xxxxxxxx Expansion.

Major Capital Expenditure means any single expenditure for

Major Capital Expenditure means the investment by JAGOTEC at the Manufacturing Site including in equipment, zoning and any utilities, totalling in excess of […***…] for the expansion of overall capacity for the manufacture of Product (as opposed to mere replacement).

Major Capital Expenditure means construction or renovation of facilities or the acquisition of diagnostic, treatment or transportation equipment by a health care provider or health facility that costs more than an amount recommended and established by the commission;

Major Capital Expenditure means any Capital Expenditure which is required to be made during the last two Lease Years of the Lease Term and which exceeds $25,000 individually, or which, when added to all other Capital Expenditures theretofore incurred by Tenant during such period, exceeds $100,000.