Sustaining Capital definition

Sustaining Capital means Capital Expenditure that is not Expansion Capital;

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Sustaining Capital means those capital expenditures in accordance with the World Gold Council’s AISC definitions and refers to capital expenditures that are required to sustain current operations but exclude all non-sustaining (Expansion) Capital.

Sustaining Capital means a non-routine capital expense in respect of an existing asset in an amount not less than $25,000 required to maintain the operating performance of that asset or to extend its life by more than twelve months and shall not include the following costs and expenses:

Examples of Sustaining Capital in a sentence

• The Payment Certificate shall include a comparison of the Award Period Financial Projections for that fiscal year (including Projected Enhancement Capital Cost, Projected Sustaining Capital Cost, and Projected Revenue) with the actual results of operation of the Nuclear Reactor for the fiscal year (including Actual Enhancement Capital Cost, Actual Sustaining Capital Cost, and Actual Revenue).

• Following the Economic Completion Date, until the Discharge Date, directly or indirectly, make any Capital Expenditures other than Sustaining Capital Expenditures and Capital Expenditures made from amounts transferred to the Distribution Account pursuant to Section 14.11of the Senior Credit Agreement.

• The Loan Parties and their Subsidiaries shall maintain as of the end of each fiscal quarter, commencing with the quarter ending April 30, 2002, for the four consecutive fiscal quarter period ending on such date a ratio of (i) Consolidated EBITDA, less Sustaining Capital Expenditures, less cash income taxes actually paid during such period to (ii) Consolidated Debt Service of not less than 1.3:1.

• Each Capital and Operating Plan and Budget will be in such form and detail as the Partners may reasonably request and shall include, among other things the scheduling of Sustaining Capital Expenditures, forecasts of Partnership distributions and the proposed compensation of Management for the following year.

• Any Sustaining Capital will be to the Operator’s account for any Common Systems that are not NSPI Assets.

• The Payment Certificate shall include a comparison of the Award Period Financial Projections for that Award Year (including Projected Enhancement Capital Cost, Projected Sustaining Capital Cost, and Projected Revenue) with the actual results of operation of the Nuclear Reactor for the Award Year (including Actual Enhancement Capital Cost, Actual Sustaining Capital Cost, and Actual Revenue).

• All Capital Unit Fees shall be limited to the amounts set forth in approved work orders and included in Contractor Sustaining Capital.

• If, at any time during the performance of the Services, the Operator reasonably anticipates that the aggregate costs for any Operational Year of Sustaining Capital may exceed the amount of Budgeted Expenses therefor, the Operator shall promptly advise the Owner of such situation by Notice, and pursuant to Section 12.5, propose for the Owner’s approval any changes to the applicable Annual Budget which the Operator considers necessary.

• The Parties acknowledge that a failure by one Party to incur management, operating and maintenance expenses on the one hand and Sustaining Capital on the other can have a direct economic impact on the other Party.

• In conjunction with, but separate from, the preparation of the Annual Operating Plan and the Annual Budget for each Operational Year, Operator shall prepare a rolling five-year operation and maintenance plan and cost forecast (including Sustaining Capital and recommended Improvements or Additions).

More Definitions of Sustaining Capital

Sustaining Capital means, with respect to the LIL, Expenditures of a capital nature as determined in accordance with accounting principles accepted by the PUB or other Authorized Authority, subsequent to First Commercial Power of the LIL, excluding any amount related to a LIL Redevelopment or a LIL Expansion;

Sustaining Capital means sustaining capital (as that term is used in the Santa ▇▇▇▇ Mine Plan as it exists on the date hereof) for the Santa ▇▇▇▇ Project;