Required Expenditures definition
Examples of Required Expenditures in a sentence
The Seller shall consult with Buyer’s representatives on the Transition Executive Committee, on a regular and timely basis, with respect to the refueling outage(s) occurring during the Interim Period, to any repairs to the Facilities and to the Required Nuclear Expenditures and Required Expenditures.
The Sellers and NAESCO shall consult with Buyer's representatives on the Transition Executive Committee, on a regular and timely basis, with respect to the refueling outage currently planned for May 2002, to any repairs to the Facility contemplated by Section 5.11 and to the Pre-Approved Capital Expenditures, Required Nuclear Expenditures and Required Expenditures.
Section 6.1 of the Existing Lease shall be amended by deleting all provisions specifically relating to the Initial Improvements, Additional Improvements, Required Improvements, Opening Goods and Services and Required Expenditures, and adding provisions requiring the Tenant to undertake the improvements set out in Schedule "C" attached hereto (the "Improvements") within the timelines set out in Schedule "C".
Notwithstanding anything in this Article to the contrary, if expenditures exceed the Allowable Variance for an emergency, as provided in Article 8.3 (Emergency and Required Expenditures), Operator shall not be required to secure the approval of the Participating Parties, as the expenditures will be borne by all Participating Parties.
The Sellers and NAESCO shall consult with Buyer's representatives on the Transition Executive Committee, on a regular and timely basis, with respect to the refueling outage currently planned for May 2002, to any repairs to the Facility contemplated by SECTION 5.11 and to the Pre- Approved Capital Expenditures, Required Nuclear Expenditures and Required Expenditures.
If a Capital Expenditure Budget for any calendar year has not been approved by January 1 of that year, no capital expenditures (other than deposits into the capital expenditure reserves and Required Expenditures) shall be made by the Company and the Subsidiaries for that year until a Capital Expenditure Budget for such year is approved, unless the Executive Committee specifically consents thereto in writing or such expenditure is required by the applicable licensor.
The Sellers and NAESCO shall consult with Buyer's representatives on the Transition Executive Committee, on a regular and timely basis, with respect to the refueling outage currently planned for May 2002, to any repairs to the Facility contemplated by Section 5.11 and to the Pre- -45- Approved Capital Expenditures, Required Nuclear Expenditures and Required Expenditures.
At the Closing Date, Univisa's sole Subsidiary will be USHI, and Univisa's sole assets will consist of (i) all of the USHI Stock, which stock shall be owned of record and beneficially by Univisa, free and clear of any Liens, and (ii) cash sufficient to pay all Required Expenditures.
In the event the Lessees have failed to make the full amount of the Required Expenditures prior to the Closing Date, the Lessees shall pay to the ENN Entities at the Closing an amount equal to the difference between the Required Expenditures for the Hotel and the actual year 2001 maintenance and repair expenses spent on the Hotels.
In the event that the applicable Lessee has failed to make the full amount of the Required Expenditures prior to the Closing Date with respect to any Hotel other than the Hilton Hotels, the applicable Lessee shall pay to or as directed by the ENN Entities at the Closing an amount equal to the difference between the Required Expenditures for the Hotel and the actual year 2000 maintenance and repair expenses spent on the Hotel and the actual year 2000 marketing expenses spent on the Hotel, as applicable.