Maximum Capital Expenditures definition

Maximum Capital Expenditures. As of the end of any Fiscal Year, permit Capital Expenditures for such Fiscal Year to exceed the corresponding amount set forth below: -------------------------- ------------------------------------------- Fiscal Year Maximum Capital Ending Expenditures (in thousands) -------------------------- ------------------------------------------- 12/31/00 138,500 12/31/01 99,500 12/31/02 70,000 12/31/03 65,000 -------------------------- ------------------------------------------- ; PROVIDED that if the Borrowers make Capital Expenditures in any Fiscal Year in an amount less than the amount set forth above for any such Fiscal Year (such unused amount for any single Fiscal Year, or the cumulative unused amount for any number of Fiscal Years, as applicable, referred to below as the "Stage 1 Carryover Amount"), then (i) the Borrowers may make Capital Expenditures in any succeeding fiscal year in an amount not to exceed the sum of (A) the amount set forth above for such fiscal year and (B) the Stage 1 Carryover Amount and (ii) for purposes of determining whether any Capital Expenditure exceeds the maximum amount permitted for any given Fiscal Year, the Capital Expenditure for such Fiscal Year shall be applied first to the Stage 1 Carryover Amount then outstanding.
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Maximum Capital Expenditures. For the period from January 1, 1999 through December 31, 1999, the Borrower shall not incur consolidated Capital Expenditures (as defined in accordance with generally accepted accounting principles) in excess of the aggregate amount $2,000,000.00, and no more than the following amounts for each of the following periods: Dates Amount ----- ------ 1/1/99 through 3/31/99 $500,000.00 4/1/99 through 6/30/99 $500,000.00 7/1/99 through 9/30/99 $500,000.00 10/1/99 through 12/31/99 $500,000.00 In addition, for the period commencing January 1, 2000 through and including March 31, 2000, the Borrowers shall not incur consolidated Capital Expenditures in excess of $250,000.00. The Borrowers may obtain lease facilities and/or purchase money financing to fund the above referenced Capital Expenditures.
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Maximum Capital Expenditures. The Company would not be permitted to make any capital expenditures in excess of $1,750,000 in the aggregate in any year. In addition to these covenants, the loan agreements would contain prohibitions against assuming liabilities or obligations of others, restrictions of dividend payments, limitations on the purchase or sale of equipment and fixed assets, limitations on compensation of officers, limitations on selling assets, restrictions concerning acquisitions, consolidations, mergers, investments or similar transactions, and restrictions on changes in the Company's organizational structure or its management. The Company would also be required to obtain a life insurance policy on its Chief Executive Officer in the amount of $3,500,000 and to comply with other covenants typical for a transaction of this nature. Conditions Precedent to the Financing. The Bank's obligation to close on the financing described in the Commitment is subject to the condition that there be no material adverse change in the financial condition or business operations of the Company or its landlord, URSA, or in any of the assets of the Company or URSA, or in government regulation or monetary policy. If there is any material adverse change in the Company's business operations, assets or prospects for performance before the closing on the financing, the Bank may terminate the Commitment. Risk Factors. If we are unable to close the financing transaction with the Bank, then we will attempt to procure alternative financing for the purchase of the shares. There can be no assurance that we will be able to find alternative financing on acceptable terms or at all. We intend to repay the loan from the Bank through cash flow from operations.
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Examples of Maximum Capital Expenditures in a sentence

  • Borrower covenants and agrees with Lender that, while this Agreement is in effect, Borrower will: Maximum Capital Expenditures.

  • The Borrower will not, and will not permit any Subsidiary to, incur or make aggregate Capital Expenditures during any period set forth below in an amount exceeding the amount set forth opposite such period: Period Maximum Capital Expenditures Borrower’s Fiscal Year $ 10,000,000.00 The unused portion of permitted Capital Expenditures in any fiscal year cannot be carried over to a subsequent fiscal year.

  • January 1, 2008 to June 30, 2008 $ 0 January 1, 2008 to September 30, 2008 $ 0 January 1, 2008 to December 31, 2008 $ 0 Such period, measured on a rolling four quarter basis, ending March 31, 2009 and each quarter thereafter $ 0 (c) Maximum Capital Expenditures.

  • Cash Sweep Percentage 20 % 40 % 60 % Maximum Cash Sweep $ 1,000,000 $ 2,000,000 $ 2,000,000 Maximum Capital Expenditures $ 3,000,000 $ 1,500,000 $ 800,000 None.

  • Borrowers and their Subsidiaries on a consolidated basis shall not make Capital Expenditures during the following periods that exceed in the aggregate the amounts set forth opposite each of such periods: Period Maximum Capital Expenditures per Period Each Fiscal Year commencing with the Fiscal Year ending $6,000,000 March 31, 2000.

  • Permit Capital Expenditures of the Borrower and its Subsidiaries on a consolidated basis for any fiscal year to be more than $1,500,000 (the “Maximum Capital Expenditures Amount”); provided that the Maximum Capital Expenditures Amount for any fiscal year shall be increased by an amount equal to the excess, if any, of the Maximum Capital Expenditures Amount for the previous fiscal year (as adjusted in accordance with this proviso) over the actual amount of Capital Expenditures for such previous fiscal year.

  • Maximum Capital Expenditures and Capitalized Lease Obligation Payments................50 Section 8.28.

  • The Maximum Capital Expenditures Amount for fiscal year 2003 shall be reduced by $450,000 for each 100,000,000 board feet of timber sold during fiscal year 2003 (excluding the sale of that property known as the Inland Tree Farm) with such decrease to carry over to subsequent fiscal years.

  • Borrower convenants and agrees with Lender that, while this Agreement is in effect, Borrower will: Maximum Capital Expenditures.

  • SECTION 6.9 Maximum Capital Expenditures ........................................


More Definitions of Maximum Capital Expenditures

Maximum Capital Expenditures the amount set forth in Section 6.4 (Limitation on Capital Expenditures) for the fiscal year then ending.
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Maximum Capital Expenditures. Capital expenditures for any fiscal year shall be less than certain specified amounts to be determined by the Noteholder and the Company. Minimum Liquidity: To be determined. Minimum EBITDA: To be determined. Notwithstanding anything herein to the contrary, the foregoing covenants and ratios will be established by good faith negotiation between the parties, consistent with reasonable projections and the needs of the business. Covenants and Other Usual and customary for transactions of this type, Terms and Conditions: including, without limitation (all subject to exceptions to be provided in the Promissory Note Documents):
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Maximum Capital Expenditures. For each Fiscal Year, permit the sum of (i) Capital Expenditures and (ii) payments made in respect of any IRU, in the aggregate, for such Fiscal Year to exceed the corresponding amount set forth below: --------------------------------------------------------------------------- Fiscal Year Maximum Capital Ending Expenditures (in thousands) --------------------------------------------------------------------------- 12/31/02 $ 35,000 12/31/03 $ 39,000 12/31/04 $ 43,000 12/31/05 $ 52,000 12/31/06 $ 59,000 12/31/07 $ 66,000 12/31/08 $ 74,000 ---------------------------------------------------------------------------
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Maximum Capital Expenditures. Permit Capital Expenditures (i) as at the end of any fiscal year, to exceed (A) $210,000,000 in the case of the fiscal year ending in September 1998, or (B) $150,000,000 in the case of any fiscal year thereafter; and (ii) as of the end of the two consecutive fiscal years ending in September 1999, to exceed $350,000,000. 1.3.20 Section 6.02 of the Credit Agreement is amended by adding at the end thereof the following:
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Maximum Capital Expenditures. For any fiscal year, Capital Expenditures shall not exceed $1 million.
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Maximum Capital Expenditures. The Borrowers shall not permit or suffer to exist Capital Expenditures which aggregate more than the amounts set forth below: Fiscal Year 2000: $6,500,000. Fiscal Year 2001: $7,000,000. In addition to the above referenced capital expenditures limitations, the Borrowers may spend up to $1,000,000 in fiscal year 2000 to acquire certain existing stores from a competitor, so long as it is in compliance with the Loan Documents.
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Related to Maximum 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.

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

  • Unfinanced Capital Expenditures means, for any period, Capital Expenditures made during such period which are not financed from the proceeds of any Indebtedness (other than the Revolving Loans; it being understood and agreed that, to the extent any Capital Expenditures are financed with Revolving Loans, such Capital Expenditures shall be deemed Unfinanced Capital Expenditures).

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

  • Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) included in the Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld or delayed.