Phase II Cap Ex Amount definition
Phase II Cap Ex Amount means the sum of (a) the sum of (i) $186,638,312 in respect of the Phase II Paid Invoices (as shown in column (e) (“Receipts Total Value”) of the spreadsheet referenced in the definition of Phase II Paid Invoices), plus (ii) $8,077,171, which constitutes capitalized interest in fixed assets in connection with the Phase II Expansion, plus (iii) $9,468,004, which constitutes capitalized issuance costs related to the Phase II Expansion, in the case of each of clauses (i), (ii) and (iii), paid prior to September 1, 2019; plus (b) the aggregate amount of (i) all Phase II Cap Ex, plus (ii) capitalized interest in fixed assets in conjunction with the Phase II Expansion, plus (iii) capitalized issuance costs related to the Phase II Expansion, in the case of clauses (i), (ii) and (iii), paid on or after September 1, 2019 and at or prior to 11:59 PM on the date immediately preceding the Closing Date. For the avoidance of doubt, clauses (b)(ii) and (b)(iii) shall be calculated on a consistent basis with the line items for such clauses set forth on Exhibit 11.1(b) under the heading “Phase II Cap Ex Amount”.
Examples of Phase II Cap Ex Amount in a sentence
Within 60 days after the Closing Date, the Company will prepare and deliver to Purchaser a preliminary statement (the “Preliminary Statement”) setting forth in reasonable detail the Company’s good faith calculation of the Closing Adjustment, Closing Net Working Capital, the Phase II Cap Ex Amount, Outstanding Indebtedness, the Seller Unpaid Transaction Expenses Amount, the Seller Transaction Bonus Amount and Cash, and including a detailed listing of the items and amounts included in such calculation.