Net Capex definition
Net Capex means, for any period, that amount which is (1) the greater of (a) the product of $1,000,000 and the number of fiscal months of the Parent (or portion thereof) comprising such period or (b) the aggregate amount of Capital Expenditures (including, without limitation, any Capital Expenditures that would arise from any acquisition described in clause (m) of the definition Restricted Investment) made by the Parent and its Subsidiaries during such period, less (2) the aggregate amount of (i) Net Cash Proceeds received by the Parent or any of its Subsidiaries during such period from the sale or other disposition to non-Affiliates of Equipment permitted to be sold or disposed of hereunder and (ii) Debt For Borrowed Money incurred by the Parent or any of its Subsidiaries during such period which is permitted hereunder in connection with the financing (but not refinancing) of Capital Expenditures made in such period or made at any time prior to the beginning of such period.
Net Capex. It means any capital investment related to the acquisition, maintenance, improvement and/or replacement of fixed assets or other similar transactions that are reflected in the “fixed assets” account of the cash flow statement, as defined in the IFRS, less the debt, having a term longer than one year, assumed by CSOL Holding Ltd. and its subsidiaries in order to make this capital investment.
Net Capex means, for any period, that amount which is (1) the greater of (a) the product of $1,000,000 and the number of fiscal months of the Parent (or portion thereof) comprising such period or (b) the aggregate amount of Capital Expenditures (including, without limitation, any Capital Expenditures that would arise from any acquisition described in clause (m) of the definition Restricted Investment) made by the Parent and its Subsidiaries during such period (which aggregate amount of Capital Expenditures shall, for purposes of determining compliance with SECTION 9.24 (and not for the purpose of determining the Coverage Ratio) for each of the twelve consecutive fiscal month periods of the Parent ending on the last day of any fiscal quarter of the Parent comprising part of the Parent's 1997 or 1998 Fiscal Year (without duplication), be reduced by $10,000,000), LESS (2) the aggregate amount of (i) Net Cash Proceeds received by the Parent or any of its Subsidiaries during such period from the sale or other disposition to non-Affiliates of Equipment permitted to be sold or disposed of hereunder and (ii) Debt For Borrowed Money incurred by the Parent or any of its Subsidiaries during such period which is permitted hereunder in connection with the financing (but not refinancing) of Capital Expenditures made in such period or made at any time prior to the beginning of such period.
Examples of Net Capex in a sentence
Full year 2022 Net Capex spending is estimated at circa 2.5 billion euros, which is 80% fleet & fleet related and 20% related to IT and ground.
More Definitions of Net Capex
Net Capex in Section 1.1 of the Loan and Security Agreement is amended by adding the following clause immediately after the phrase "during such period" in clause (b) of such definition: "(which aggregate amount of Capital Expenditures shall, for purposes of determining compliance with SECTION 9.24 (and not for the purpose of determining the Coverage Ratio) for each of the twelve consecutive fiscal month periods of the Parent ending on the last day of any fiscal quarter of the Parent comprising part of the Parent's 1997 Fiscal Year (without duplication), be reduced by $10,000,000)"