Unfinanced CAPEX definition

Unfinanced CAPEX means, for any period, Capital Expenditures less new long-term Indebtedness issued during such period to fund the Capital Expenditures.

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Unfinanced CAPEX means, with respect to any Fiscal Period, Borrower’s capital expenditures for that Fiscal Period that were paid by Borrower or a Subsidiary from cash flow and not through financing.

Unfinanced CAPEX means, for any period, Capital Expenditures for such period paid in cash excluding (a) Capital Expenditures paid with proceeds of Indebtedness for money borrowed (except for the Loans) incurred to finance such Capital Expenditures, (b) Capital Expenditures financed by Indebtedness of the kind referred to in clause (f) of the definition of “Indebtedness” with respect to capital leases and (c) Capital Expenditures for the Bedford Facility.

Examples of Unfinanced CAPEX in a sentence

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 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.
The Combined Borrower's shall not permit the ratio of its EBITDA, minus taxes paid in cash, Distributions and Unfinanced CAPEX, to Interest Expense plus CMLTD, to be less than 1.25 to 1.00, for any fiscal quarter.
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 Borrower shall not permit the ratio of its EBITDA, minus taxes paid in cash(including any tax payments to its affiliates), minus Dividends and Distributions and Unfinanced CAPEX, minus loans and advances to any related individuals, partnership, corporation, limited liability company, trust or other organization or person plus non cash stock based compensations which are converted to capital, to Interest Expense plus CMLTD, to be less than 1.15 to 1.0, tested annually beginning December 31, 2017.
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.
Maintain on a Quarterly Basis (unless otherwise specified): Minimum Recurring Revenue * $ _________ Yes No Maximum Unfinanced CAPEX (for 2010 fiscal year) $ 10,000,000 $ _________ Yes No Minimum Adjusted EBITDA ** $ _________ Yes No * As set forth in Section 6.7(a) of the Agreement.
Maintain on a Quarterly Basis (unless otherwise specified): Minimum Recurring Revenue * $_______ Yes No Maximum Net Unfinanced CAPEX * * $_______ Yes No Minimum Adjusted EBITDA * ** $_______ Yes No * As set forth in Section 6.7(a) of the Agreement.
The Borrower shall not permit the ratio of its EBITDA, minus taxes paid in cash, Distributions and Unfinanced CAPEX, to Interest Expense plus CMLTD, to be less than 1.15 to 1.0 for any fiscal year for the 4 consecutive fiscal quarters ending at the end of each fiscal quarter.

More Definitions of Unfinanced CAPEX

Unfinanced CAPEX means for any period the portion of the following, calculated on a Consolidated basis, (a) the aggregate Capital Expenditures by the Company and its Restricted Subsidiaries during such period, less (b) the aggregate proceeds received by the Company and its Restricted Subsidiaries from the sale or other disposition (including trade-in credit) of capital assets during such period, less (c) all Indebtedness incurred by the Company and its Restricted Subsidiaries to finance Capital Expenditures (including Loans under the Agreement, but only if the proceeds thereof are used to acquire Revenue Equipment Collateral); provided, that, Unfinanced Capex shall not be less than zero dollars ($0) for the Measurement Period.

Unfinanced CAPEX means Capital Expenditures minus new long term Indebtedness issued during the applicable period plus the aggregate amount of all long-term Indebtedness prepaid during such period.

Unfinanced CAPEX means, for any period, Capital Expenditures less new long-term Indebtedness issued during such period to fund the Capital Expenditures. EBITDA (after Taxes, Distributions and Unfinanced CAPEX) to Interest Expense plus CMLTD. The Borrower shall not permit the ratio of its EBITDA, minus taxes paid in cash(including any tax payments to its affiliates), minus Dividends and Distributions and Unfinanced CAPEX, minus loans and advances to any related individuals, partnership, corporation, limited liability company, trust or other organization or person plus non cash stock based compensations which are converted to capital, to Interest Expense plus CMLTD, to be less than 1.15 to 1.0, tested every quarter on a rolling four quarter basis commencing with the quarter ending June 30, 2015.

Unfinanced CAPEX means for any period the sum of Capital Expenditures net of the amount of such Capital Expenditures financed by (i) the principal portion of term or capital lease indebtedness, or (ii) purchase money indebtedness permitted by this Agreement or approved by the Bank in writing prior to the incurrence thereof.

Unfinanced CAPEX means, for any period, Capital Expenditures less new long-term Indebtedness issued during such period to fund the Capital Expenditures. Uniform Commercial Code (“UCC”) means the Uniform Commercial Code as in effect in Massachusetts (Massachusetts General Laws, Chapter 106, §§1-101, et seq.).

Unfinanced CAPEX means, for any period of determination, Borrower’s Capital Expenditures not made with the proceeds of borrowings or other indebtedness.