Definition of Pre-Approved Capital Expenditures


Pre-Approved Capital Expenditures means those capital expenditures set forth on Schedule 5.3.
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Examples of Pre-Approved Capital Expenditures in a sentence

Notwithstanding anything in Section 5.3 to the contrary, the Seller may, in its sole discretion, (i) make Pre-Approved Capital Expenditures or incur a Capital Commitment with respect thereto and (ii) make Capital Commitments for which an adjustment to the Initial Purchase Price will be made pursuant to Section 2.6(b).
Notwithstanding anything to the contrary contained herein, Seller and its Affiliates may (without Buyers consent) make and undertake any work contemplated by Capital Expenditures described on Schedule 6.11 of the Seller Disclosure Schedule (collectively, the Pre-Approved Capital Expenditures), together with the Approved Capital Expenditures.
Buyer will at Closing pay to Seller the amount expended by Seller or its Affiliates on account of all Pre-Approved Capital Expenditures and Approved Capital Expenditures made after the date hereof and prior to the Closing, and Buyer will assume responsibility for and release Seller from liability for all such expenditures.
Approved Capital Expenditures means all Capital Expenditures (other than Pre-Approved Capital Expenditures) approved in writing after the date of this Agreement by Buyer for the Business.
Buyer will at Closing pay to Seller the documented amount expended by Seller or its Affiliates on account of all Pre-Approved Capital Expenditures and any Approved Capital Expenditures made after the date hereof and prior to the Closing, and Buyer will assume responsibility for and release Seller from liability for all such Capital Expenditures.