Recurring Capital definition

Recurring Capital means Capital work carried out continuously or recurrently for capital projects relating to pole renewals and stubbing of existing transmission lines.
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Recurring Capital means, for transmission line purposes, woodpole replacements and the installation of woodpole ground line “stubs”.
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Examples of Recurring Capital in a sentence

  • As of any date of determination, an amount equal to the sum of (a) Consolidated EBITDA for the prior four (4) consecutive fiscal quarters most recently ended minus (b) all Fixed Charges for such period, minus (c) Recurring Capital Expenditures for such period.

  • For example, the budgeted figure for Operating Costs could be reduced by 100, and the budgeted figure for Non-Recurring LTO Capital Costs be increased by 60 and the budgeted figure for Recurring Capital Costs be increased by 40, and such adjusted figures would be used for the purposes of calculating any relevant Operating Costs Overrun, Non-Recurring LTO Capital Costs Overrun and Recurring Capital Costs Overrun.

  • As of any date of determination, an amount equal to the sum of (a) Consolidated EBITDA for the prior three (3) consecutive fiscal quarters most recently ended (for the initial Distribution pursuant to §8.7(b), and thereafter the prior four (4) consecutive fiscal quarters most recently ended minus (b) all Fixed Charges for such applicable period, minus (c) Recurring Capital Expenditures for such applicable period.

  • This work will be identified as Recurring Capital in the annual Work Plan and costs incurred will be accurately charged to a separate Recurring Capital Work Order.

  • For Transmission Purposes, Recurring Capital consists of woodpole replacements or the installation of woodpole groundline “stubs”.

  • Grantor hereby agrees to pay all Recurring Capital Expenditures with respect to Grantor and the Trust Property (without regard to the amount of money then available in the Capital Expenditure Reserve Sub-Account).

  • Decreasing Financial Records Recurring Capital % of scheduled work to be completed within budget.

  • Provided that no Event of Default shall have occurred, all funds deposited into the Cash Collateral Account relating to Recurring Capital Expenditures shall be held by Beneficiary pursuant to the provisions of this Deed of Trust and shall be applied in payment of Recurring Capital Expenditures.

  • The proceeds of the Loan shall be used to refinance the BOK Loan, to finance Permitted Acquisitions, Recurring Capital Expenditures, additional equipment and asset purchases and to provide additional working capital for Borrower.

Related to Recurring Capital

  • Consolidated Working Capital means, as at any date of determination, the excess of Consolidated Current Assets over Consolidated Current Liabilities.

  • Adjusted Consolidated Working Capital means, at any time, Consolidated Current Assets (but excluding therefrom all cash and Cash Equivalents) less Consolidated Current Liabilities at such time.

  • Adjusted Working Capital means the remainder of (a) the consolidated current assets of the Obligors minus the amount of cash and cash equivalents included in such consolidated current assets, minus (b) the consolidated current liabilities of the Obligors minus the amount of consolidated short-term Debt (including current maturities of long-term Debt) of the Obligors included in such consolidated current liabilities.

  • Working Capital means, on any date, Current Assets less Current Liabilities.

  • Consolidated Net Working Capital means (a) all current assets of the Company and its Restricted Subsidiaries except current assets from Oil and Gas Hedging Contracts, less (b) all current liabilities of the Company and its Restricted Subsidiaries, except (i) current liabilities included in Indebtedness, (ii) current liabilities associated with asset retirement obligations relating to oil and gas properties and (iii) any current liabilities from Oil and Gas Hedging Contracts, in each case as set forth in the consolidated financial statements of the Company prepared in accordance with GAAP (excluding any adjustments made pursuant to FASB ASC 815).