Planned Expenditures definition
Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.
Planned Expenditures shall have the meaning assigned to such term in clause (b)(xii) in the definition of “Excess Cash Flow”.
Planned Expenditures has the meaning assigned to such term in clause (b) of the definition of the term “ECF Deductions”.
Examples of Planned Expenditures in a sentence
Subject to the terms of this Agreement, the Investment Funding may only be applied by the Recipient for payment or reimbursement of Approved Eligible Costs on a Project-by-Project basis up to the maximum Planned Expenditures for each Project as set out in the approval for it.
The Planned Expenditures, as shown below, are the projected capital expenditures as included in the five (5) year strategic plan of the Company.
If expenditures were lower than Planned Expenditures, then the adjustment will be deducted from the annual EBITDA Target for that year and subsequent years.
Notwithstanding anything to the contrary, actual capital expenditures over Planned Expenditures shall require prior written approval of the Board.
If the difference between actual capital expenditures, including acquisitions, and Planned Expenditures, (the "Expenditure Difference"), is greater or less than $1,300,000, the EBITDA and the Cumulative EBITDA targets for the purposes of both the Annual Bonus Pool and the 5-Year Cumulative Bonus Pool shall also be adjusted as follows: The Expenditure Difference will be multiplied by the pre-tax cost of capital of Vincor to calculate the adjustment.
More Definitions of Planned Expenditures
Planned Expenditures shall have the meaning provided in the definition of Additional ECF Prepayment Reduction Amounts.
Planned Expenditures has the meaning specified in Section 2.05(b)(i).
Planned Expenditures means all budgeted, planned, or approved expenditures and funding as of the Hold Separate Order Date that are necessary for or related to the timely completion of the Ameristar Louisiana Project Development Plan.
Planned Expenditures has the meaning assigned to such term in Section 2.11(d)(v).
Planned Expenditures has the meaning assigned to such term in clause (x) of the definition of “Excess Cash Flow.” “Platform” has the meaning assigned to such term in Section 5.01(g). “Prepayment Date” means the date that any prepayment occurs pursuant to the terms of this Agreement in a manner described in clause (y) to the proviso to Section 2.11(a). “Prepayment Event” means: (a) any sale, transfer or other Disposition of any property or asset of the Borrower or any Restricted Subsidiary pursuant to Section 6.05(i), Section 6.05(j), Section 6.05(m), Section 6.05(n) or Section 6.05(p) or the occurrence of any other Casualty Event (or series of related Dispositions or Casualty Events) resulting in Net Proceeds exceeding (x) $1,000,000, individually or (y) $2,500,000, in the aggregate in any fiscal year (each of the foregoing, a “Disposition/Casualty Prepayment Event”); provided, that, for the avoidance of doubt, only Net Proceeds in excess of such amounts shall be subject to the mandatory prepayment provisions set forth in Section 2.11(c) and no Prepayment Event shall be deemed to have occurred in any fiscal year until the Net Proceeds received during such fiscal year exceed $2,500,000; or (b) the incurrence by the Borrower or any Restricted Subsidiary of any Indebtedness consisting of (i) any Credit Agreement Refinancing Indebtedness, (ii) any Incremental Refinancing Facility, (iii) any Permitted Receivables Financing permitted pursuant to Section 6.01(a)(viii) or Section 6.05(g)(B), (iv) any securitization, receivables facility or other similar financing (including any factoring program) or sale of receivables, insurance or healthcare premiums or relating to policies sold on behalf of an insurance carrier, royalty, patent or other revenue streams and other rights to payment or related assets that are not permitted by Section 6.01(a)(viii) and (v) unless permitted by the Required Lenders pursuant to Section 9.02, any other Indebtedness not permitted by Section 6.01 (such incurrence, a “Specified Debt Incurrence Prepayment Event”). “Prime Rate” means the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the U.S. or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Admi...
Planned Expenditures has the meaning assigned to such term in clause (b) of the definition of the term “ECF Deductions”. “Platform” has the meaning assigned to such term in Section 5.01. “Post-Transaction Period” means, with respect to any Specified Transaction, the period beginning on the date on which such Specified Transaction is consummated and ending on the last day of the eighth full consecutive fiscal quarter of the Borrower immediately following the date on which such Specified Transaction is consummated. “Prepayment Event” means: (a) any sale, transfer or other Disposition pursuant to Section 6.05(k) of any property or asset of the Borrower or any of the Restricted Subsidiaries (other than Dispositions resulting in aggregate Net Proceeds not exceeding the greater of (x) $20,000,000 and (y) 15% of Consolidated EBITDA for the most recently ended Test Period as of such time determined on a Pro Forma Basis in the case of any single transaction or series of related transactions) (each such event, an “Asset Sale Prepayment Event”); or (b) the incurrence by the Borrower or any of the Restricted Subsidiaries of any Indebtedness, other than Indebtedness permitted under Section 6.01 (other than Permitted Unsecured Refinancing Debt, Permitted First Priority Refinancing Debt, Permitted Second Priority Refinancing Debt and Other Term Loans resulting from a Refinancing Amendment) or permitted by the Required Lenders pursuant to Section 9.02. “Present Fair Saleable Value” means the amount that could be obtained by an independent willing seller from an independent willing buyer if the assets of the Borrower and its Subsidiaries taken as a whole are sold with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable business enterprises insofar as such conditions can be reasonably evaluated. “primary obligor” has the meaning assigned to such term in the definition of “Guarantee.” “Prime Rate” means the rate of interest per annum publicly announced from time to time by the Administrative Agent as its “prime rate”; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective. “Pro Forma Adjustment” means, for any Test Period, any adjustment to Consolidated EBITDA made in accordance with clause (b) of the definition of that term. “Pro Forma Basis,” “Pro Forma Compliance” and “Pro Forma Effect” means, with respect to compliance with any test, financial ratio or covenant (inc...
Planned Expenditures means the planned expenditures in an approved project uploaded into PINES;