Unfinanced definition

Unfinanced means, with respect to any Capital Expenditures for any period, Capital Expenditures made during such period which are not financed from the proceeds of (a) any Indebtedness (other than the Loans; it being understood and agreed that, to the extent any Capital Expenditures are financed with Loans, such Capital Expenditures shall be deemed Unfinanced) or (b) the issuance of Equity Interests by the Company, all calculated on a Consolidated basis.
View Source
Unfinanced means, for any period, any expenditure of money during such period which is not financed with borrowed funds and is capitalized on Borrowers’ balance sheet.
View Source
Unfinanced means expenditures that are not financed with (i) Reserved Cash or (ii) the proceeds of (a) any issuance of Permitted Equity, (b) any capital contribution to Holdings, (c) any Subordinated Indebtedness, or (d) any Capital Leases or purchase money Indebtedness permitted to be incurred by Section 6.01(j).
View Source

Examples of Unfinanced in a sentence

  • Pursuant to Section 7.10 of the Credit Agreement, for the fiscal year-to-date period ending on the Reporting Date, the Borrowers have expended or contracted to expend, for Unfinanced Capital Expenditures, $__________________, which (__) satisfies (__) does not satisfy the requirement that such expenditures not exceed $______________ during such period.

  • No Loan Party will, nor will it permit any Subsidiary to, make or become legally obligated to make any Unfinanced Capital Expenditures, except for Unfinanced Capital Expenditures in the ordinary course of business not exceeding, in the aggregate for the Borrower and its Subsidiaries $4,000,000 during any fiscal year (such amount, the “Annual Limit”).

  • In the event that EBITDA is being calculated on a pro forma basis as a result of any Material Acquisition or Material Disposition during the relevant period, Unfinanced Capital Expenditures, cash Taxes and Fixed Charges shall also be determined on a pro forma basis for such Material Acquisition or Material Disposition, as applicable, by the Borrower Agent in good faith and approved by Agent in its reasonable discretion.

  • Adjusted EBITDA (Line A9) $_________________ 2 Unfinanced Capital Expenditures for past 4 quarters $_________________ 3.

  • Maintain on a Quarterly Basis (unless otherwise specified): Minimum Recurring Revenue * $ _______ Yes No Maximum Unfinanced CAPEX ** $ _______ Yes No Minimum Adjusted EBITDA *** $ _______ Yes No * As set forth in Section 6.7(a) of the Agreement.

  • The Credit Parties shall not make Unfinanced Capital Expenditures in excess of $20,000,000 in Fiscal Year 2007.

  • The Borrower and Corporate Guarantors on a combined basis shall not permit the ratio of its EBITDA, minus taxes paid in cash, Distributions, shareholder advances, increases in intercompany or affiliated company receivables and Unfinanced CAPEX, to Interest Expense plus CMLTD, to be less than (i) 1.0 to 1.0 at June 30, 2008; (ii) 1.1 to 1.0 at September 30, 2008 and (iii) 1.2 to 1.0 at December 31, 2008 and thereafter for the 4 consecutive fiscal quarters ending at the end of each fiscal quarter.

  • This ratio shall be tested at the end of each calendar quarter for the immediately preceding quarter, by dividing the sum of actual cash received from the liquidation or sale of Leased Equipment sold at Equipment Lease maturities during the immediately preceding calendar quarter, per Borrowers' current Form 10-QSB, or Form 10-KSB, as applicable, by the sum of the calculated Unfinanced Capital Expenditures.

  • As of the end of each fiscal quarter, commencing with the fiscal quarter ending September 30, 2013, maintain its Fixed Charge Coverage Ratio at not less than 1.25:1.00; provided, however, that for the fiscal quarter ending June 30, 2014, no amount of Unfinanced CAPEX will be taken into account in calculating the Fixed Charge Coverage Ratio.

  • The ratio of EBITDA (less Unfinanced Capital --------------------- Expenditures and dividends to the extent payment of such dividends is permitted under Section 7.5) to Total Debt Service shall not be less than 1.5 to 1.0 at the end of each fiscal quarter for the four fiscal quarters then ended.