Specified Expenditures definition

Specified Expenditures means Inventory CapEx, Fixed Operating Expenditures and Marketing Spend. “Specified Expenditures Cap” means (i) with respect to Inventory CapEx, the Inventory CapEx Cap, (ii) with respect to Fixed Operating Expenditures, the FOE Cap and (iii) with respect to Marketing Spend, the Marketing Spend Cap. “Specified Expenditures Test Period” means (i) with respect to Inventory CapEx, the Inventory CapEx Test Period, (ii) with respect to Fixed Operating Expenditures, the FOE Test Period and (iii) with respect to Marketing Spend, the Marketing Spend Test Period. “Specified Subordination Agreement” shall mean a subordination agreement, in form and substance reasonably satisfactory to the Agent and the Lenders in all respects, if executed, to be executed by and between the Senior Agent and the Agent and to be acknowledged and agreed by the Borrower and the Guarantors, as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with the terms thereof. For the avoidance of doubt, no Specified Subordination Agreement is in effect on the Seventh Amendment Effective Date. “Subordinated Debt” shall mean any unsecured Funded Debt of any Credit Party and other obligations under the Subordinated Debt Documents and any other Funded Debt of any Credit Party which has been subordinated in right of payment and priority to the Indebtedness, all on terms and conditions satisfactory to the Agent. “Subordinated Debt Documents” shall mean and include any documents evidencing any Subordinated Debt, in each case, as the same may be amended, modified, supplemented or otherwise modified from time to time in compliance with the terms of this Agreement. “Subordination Agreements” shall mean, collectively, any subordination agreements entered into by any Person from time to time in favor of the Agent in connection with any Subordinated Debt, the terms of which are acceptable to the Agent, in each case as the same may be amended, restated or otherwise modified from time to time, and “Subordination Agreement” shall mean any one of them. “Subsidiary(ies)” shall mean any other corporation, association, joint stock company, business trust, limited liability company, partnership or any other business entity of which more than fifty percent (50%) of the outstanding voting stock, share capital, membership, partnership or other interests, as the case may be, is owned either directly or indirectly by any Person or one or more of its Subsidiaries. Unless ot...

Specified Expenditures means, to the extent otherwise permitted by the Credit Agreement, the payment of (i) claims, (ii) "no claims" bonuses and profit commissions, (iii) reinstatement premiums, (iv) cash calls to Lloyd's, (v) retention bonuses and severance payments pursuant to existing retention bonus and severance arrangements, (vi) rent pursuant to current leases, (vii) insurance guaranty fund assessments and premium, (viii) insurance premium tax payments, (ix) federal and state income tax payments, (x) employee benefit insurance premiums, (xi) external audit fees, (xii) internal audit fees, (xiii) fees and expenses incurred in connection with the Credit Documents and (xiv) investment management fees incurred in connection with the management of the investment portfolio of Holdings and its Subsidiaries.

Specified Expenditures means the expenditures made by any Transaction Party or any of its Subsidiaries in connection with a Permitted Project to the extent that such expenditures consist of, or relate to, constructions costs, business development costs, start-up and pre-opening costs, refurbishment expenses, buyout expenses or other line items included in the applicable approved budget(s) for any Permitted Project."

Examples of Specified Expenditures in a sentence

• A Resolution Committing Certain County Revenues to Specified Expenditures Update/Approval:6.

• Since decorators specify meta-information related to the type of objects over which it can be applied and also related to the needed properties to work properly, the WOA may discard those decorators that do not fit with an OMS.End-users may add existing decorators in their browsers and then decide whichdecorators to apply over the WOA objects (See Sect.

• The expression “cause beyond the reasonable control” and the term “Force Majeure” as used in this Agreement shall mean and be deemed to include, but not be limited to acts, regulations, laws, or restraints imposed by any governmental official or body; wars, hostilities, sabotage, riots, or commotions; acts of God; pandemic; or fires, floods, storms, or lightning.

• By: Name: Title: TELLURIAN PRODUCTION LLC By: Name: Title: TELLURIAN OPERATING LLC By: Name: Title: Exhibit A to Omnibus Amendment and Consent SCHEDULE I Specified Expenditures The following categories of expenses relating to the XXXXX, formerly known as XXXXX, 25X36 14 10 HC 1-ALT well, which is set forth on the APOD, in an aggregate amount not to exceed $100,000: (a) Land Services & Expenses, (b) Legal Fees & Expenses, and (c) Permits, Surveys & Regulatory Expenses.

• A Resolution Committing Certain County Revenues to Specified Expenditures Update/Approval: .13.

• All in favor, motion carried.5. A Resolution Committing Certain County Revenues to Specified Expenditures Update: Moore reported Treasurer Lohman is working out the details to be able to present this resolution.6. Resolution to Convey Trustee Deed for Parcel #08-23-401-002 in Nokomis Township to Randy Brockmeyer Approval: Motion by Moore and second by Miles to approve the Resolution to Convey Trustee Deed for Parcel #08-23-401-002 in Nokomis Township to Randy Brockmeyer.

• Company shall provide, and cause each of its Subsidiaries and the JV Entities to provide, to the Engineering Consultant all information reasonably requested by the Engineering Consultant and related to the Permitted Projects and/or the Specified Expenditures.

• Provide, and cause each of its Subsidiaries and the JV Entities to provide, to the Engineering Consultant all information reasonably requested by the Engineering Consultant that is related to the Permitted Projects and/or the Specified Expenditures.

More Definitions of Specified Expenditures

Specified Expenditures means cash expenditures, in an aggregate amount not exceeding $175,000,000, made after September 30, 2000 relating to the Company's six "Strategic Global Initiatives" described in the Confidential Information Memorandum.

Specified Expenditures appearing in Schedule I to the Holdings Guaranty is hereby amended by (i) deleting the text "Credit Agreement" appearing therein and inserting the text "Credit Documents" in lieu thereof and (ii) deleting the word "and" appearing immediately before clause (xvi) thereof and inserting a comma in lieu thereof and inserting the following new clauses (xvii), (xviii), (xix) and (xx) immediately after the end of clause (xvi) thereof: ", (xvii) reasonable fees and expenses of the holders of the Trenwick Senior Notes incurred in connection with the restructuring thereof, (xviii) expenditures for reinsurance premium cessions, deposit premiums, imprest account funding, commissions, bonus commissions and brokerage fees, return premium, losses and loss adjustment expenses, commutation payments, claim loss fund accounts, (xix) regulatory fees, 401(k) contributions, pension contributions, payroll, CAT modeling license fees, software licensing fees, financial printing costs, legal fees for reinsurance recovery and claims, accounting, actuarial and tax services not related to the restructuring of Holdings and its subsidiaries, systems development and maintenance fees, insurance and reinsurance premiums, disaster recovery fees, insurance dispute resolution requirements, insurance premiums for director's and officer's policies and errors and omissions policies and rating agency fees and (xx) other expenses incurred in the ordinary course of business, so long as (A) Holdings has notified each Bank in writing no later than 5 Business Days before Holdings or the applicable Subsidiary makes such expenditure, which notice shall specify (w) the entity that will make such payment, (x) the amount of the payment, (y) a description of the expenditure and (z) the date such payment will be made and (B) the Required Banks do not object to Holdings' or the applicable Subsidiary's making such payment prior to the date specified in the notice previously delivered pursuant to this clause (xix)."

Specified Expenditures appearing in Schedule I to the Credit Agreement is hereby amended by (i) deleting the word "and" appearing immediately before clause (xiv) thereof and inserting a comma in lieu thereof and (ii) inserting the following new clauses (xv) and (xvi) immediately after the end of clause (xiv) thereof: