Pre-Approved Expenditures definition

Pre-Approved Expenditures means the aggregate amount of (i) all expenditures of Seller described in Part III of Schedule XV annexed hereto and made a part hereof but only to the extent actually paid by Seller in respect of the respective Assets or Other Assets indicated on such Part III of Schedule XV at any time after November 30, 1999 and on or prior to the Escrow Closing Date and (ii) any and all other expenditures incurred by Seller from time to time but in each case only to the extent approved by Buyer in its sole discretion; provided, that in no event shall the aggregate amount of all Pre-Approved Expenditures (as of the Escrow Closing Date specified in the initial Escrow Date Notification Certificate delivered by Seller pursuant to Section 7.3 hereof) exceed $7,750,000.
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Pre-Approved Expenditures means (i) those expenditures set forth on Schedule 1.01(c), plus (ii) an amount equal to 10% of the amounts set forth on Schedule 1.01(c) to the extent in the case of subclause (i) or subclause (ii) any such additional amounts are for expenditures incurred by the Company or a Company Subsidiary in the ordinary course of business subsequent to April 1, 2011 and, to the extent applicable, consistent with past practice in payment for items that are the same or substantially similar to items listed on Schedule 1.01(c).
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Pre-Approved Expenditures means the aggregate amount of (i) all ------------------------- expenditures of Seller described in Part III of Schedule XV annexed hereto and --- -- made a part hereof but only to the extent actually paid by Seller in respect of the respective Assets or Other Assets indicated on such Part III of Schedule XV --- -- at any time after November 30, 1999 and on or prior to the Escrow Closing Date and (ii) any and all other expenditures incurred by Seller from time to time but in each case only to the extent approved by Buyer in its sole discretion; provided, that in no event shall the aggregate amount of all Pre-Approved -------- Expenditures (as of the Escrow Closing Date specified in the initial Escrow Date Notification Certificate delivered by Seller pursuant to Section 7.3 hereof) --- exceed $7,750,000.
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Examples of Pre-Approved Expenditures in a sentence

  • The aggregate purchase price to be paid by Buyer to acquire the Assets (the "Purchase Price") shall be equal to (u) $47,921,172, minus (v) the Minimum Cash Amount, minus (w) the Excess Cash Amount, minus (x) the Commercial Property Security Deposit Amount, minus (y) the Executive Loans Repayment Amount, plus (z) the Pre-Approved Expenditures.

  • Approval of Pre-Approved Expenditures Date Ending February 27, 2017D.

  • Approval of Invoice Register and Pre-Approved Expenditures (attachment #5b)  Entertain a motion to approve/deny/postpone the invoice register and pre- approved expenditures.

  • The aggregate purchase price to be paid by Buyer -------------- to acquire the Assets (the "Purchase Price") shall be equal to (u) $47,921,172, -------------- minus (v) the Minimum Cash Amount, minus (w) the Excess Cash Amount, minus (x) ----- ----- ----- the Commercial Property Security Deposit Amount, minus (y) the Executive Loans ----- Repayment Amount, plus (z) the Pre-Approved Expenditures.

  • Immediately following Lender’s approval of any AFE, and immediately following the full execution of this Letter Agreement with respect to the Pre-Approved Expenditures, Verenium and Lender shall work together to prepare purchase orders between Lender and such contractors, vendors, suppliers or other providers as necessary to implement the expenditures set forth in such Approved AFE.

  • Each purchase order for work, services or materials included in an Approved AFE or included within the Pre-Approved Expenditures shall be considered a “Purchase Order”.

  • Approval of Invoice Register and Pre-Approved Expenditures (attachment #5b) ❖ Entertain a motion to approve/deny/postpone the invoice register and pre- approved expenditures.

  • Approval of Pre-Approved Expenditures Date Ending February 14, 2017 Motion by Andrea Karpinski, Anam Miah seconds to approve Consent AgendaMotion Passes by unanimous voice vote PUBLIC HEARING: A.

Related to Pre-Approved Expenditures

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • 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.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

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

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • 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.

  • Exploration Expenditures means the sum of:

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • Independent expenditure means an expenditure by a person:

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

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

  • local expenditures means expenditures in the currency of the Borrower or for goods or services supplied from the territory of the Borrower; and

  • Excluded Expenditure means any expenditure:

  • Qualified rehabilitation expenditures means capital

  • Uncovered expenditures means the costs to the health care

  • Operating Expenditures means all Partnership Group expenditures, including, but not limited to, taxes, reimbursements of the General Partner, repayment of Working Capital Borrowings, debt service payments and capital expenditures, subject to the following:

  • Capital Expenditure Reserve means, on an annual basis, an amount equal to $0.15 per square foot for each property owned by a Borrower or the Parent (or a Subsidiary thereof).

  • Eligible Expenditures means the expenditures for goods, works and consultants’ services referred to in Section 2.02 of this Agreement;

  • Qualified expenditures means capital expenditures that qualify, or would qualify except that the taxpayer entered into an agreement under subsection (13), for a rehabilitation credit under section 47(a)(2) of the internal revenue code if the taxpayer is eligible for the credit under section 47(a)(2) of the internal revenue code or, if the taxpayer is not eligible for the credit under section 47(a)(2) of the internal revenue code, the qualified expenditures that would qualify under section 47(a)(2) of the internal revenue code except that the expenditures are made to an historic resource that is not eligible for the credit under section 47(a)(2) of the internal revenue code that were paid. Qualified expenditures do not include capital expenditures for nonhistoric additions to an historic resource except an addition that is required by state or federal regulations that relate to historic preservation, safety, or accessibility.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • 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).

  • Ineligible Expenditures means the costs that are ineligible for payment under the terms and conditions of the Agreement, and that are described in Schedule “E” (Eligible Expenditures and Ineligible Expenditures).

  • Capital Expenditure means expenditure on:

  • Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within the categories of capital expenditure set out at clause 36. The Secretary of State shall pay two separate and distinct grants in respect of Recurrent Expenditure: General Annual Grant (“GAG”) and Earmarked Annual Grant (“EAG”). Capital Grant

  • Capitalized Expenditures means those expenditures that (i) would be capitalized under generally accepted accounting principles, and (ii) are incurred with respect to Shared-Loss Loans, Other Real Estate, Additional ORE or Subsidiary ORE. Capitalized Expenditures shall not include expenses related to environmental conditions including, but not limited to, remediation, storage or disposal of any hazardous or toxic substances or any pollutant or contaminant.

  • Qualifying Expenditures means those expenditures for energy conservation measures that have a simple payback period of not less than one year and not more than 10 years and expenditures for the above-market costs of new renewable energy resources, provided that the Oregon Department of Energy may establish by rule a limit on the maximum above-market cost for renewable energy that is allowed as a credit.