Unfunded Capital Expenditures definition

Unfunded Capital Expenditures means Capital Expenditures made through Revolving Advances or out of Borrowers’ own funds other than through equity contributed subsequent to the Closing Date or purchase money or other financing or lease transactions permitted hereunder.

Unfunded Capital Expenditures means Capital Expenditures other than Capital Expenditures that are specifically financed by lenders other than the Lenders hereunder within 60 days of the date such amount became a Capital Expenditure.

Unfunded Capital Expenditures means, as to any Loan Party, without duplication, Capital Expenditures funded (a) from such Loan Party’s internally generated cash flow or (b) with the proceeds of a Revolving Advance or Swing Loan.

Examples of Unfunded Capital Expenditures in a sentence

• Unfunded Capital Expenditures – Capital Expenditures that are not financed through interest bearing Indebtedness.

• For purposes of this Section 7.6, the “CapEx Test” shall mean Borrowers’ Fixed Charge Coverage Ratio (calculated to give effect to such Unfunded Capital Expenditures) as of the last day of the most recently ended fiscal quarter for the four (4) fiscal quarter period then ending is not less than 1.25 to 1.00 on a pro forma basis.

• The debt service coverage ratio is defined in the credit facility as the ratio of Consolidated Pro Forma EBITDA less the sum of capital distributions paid in cash (other than those made with respect to the preferred stock issued under the Operating Agreement), Consolidated Unfunded Capital Expenditures (as defined in the credit facility), and net cash income taxes to the sum of cash interest expense, any dividends on the preferred stock paid in cash, and scheduled principal payments on funded indebtedness.

• During the Fiscal Year of the Borrower ending on September 30, 2011, Borrower shall not incur Unfunded Capital Expenditures in excess of $2,000,000.00 in the aggregate (tested as of the last day of each fiscal quarter of such Fiscal Year on a year-to-date basis).

• When asked, whether any candidates were enrolled/ trained under the PMKVY 3.0 so far, it was submitted that 58,925 candidates were enrolled and 50,364 candidates were getting training under the PMKVY 3.0 as on 12.02.2021 in 30 States/UTs.

More Definitions of Unfunded Capital Expenditures

Unfunded Capital Expenditures means, for any relevant period, the amount of Capital Expenditures paid for out of ordinary operating cash flow and not financed through the incurrence of debt or the issuance of equity.

Unfunded Capital Expenditures means, as of each fiscal year end of Company, the amount of consolidated capital expenditures for such year that are not financed by either (i) landlord contractual adjustments and allowances, (ii) the proceeds of an equity infusion used for capital expenditures during such period, or (iii) capital leases or loans.

Unfunded Capital Expenditures means Capital Expenditures which are paid for by a Person other than with the proceeds of Indebtedness for Money Borrowed (other than the Loans) incurred to finance such Capital Expenditures and other than those represented by Capitalized Lease Obligations.

Unfunded Capital Expenditures means the amount of all Capital Expenditures of the Borrower and its Subsidiaries for the immediately preceding twelve month period, less any Capital Expenditures during such twelve month period that are funded by cash reserves identified by the Borrower for such purpose from the incurrence of Funded Debt (other than advances under this Agreement but, for certainty, including the Convertible Debentures) or the issuance of Shares in the immediately prior twenty four month period.

Unfunded Capital Expenditures means Capital Expenditures financed other than by the incurrence of Debt.

Unfunded Capital Expenditures means Capital Expenditures during the applicable period of determination minus increases in Purchase Money Indebtedness and offsetting cash sales of capital equipment, all determined in accordance with generally accepted accounting principles applied on a consistent basis.

Unfunded Capital Expenditures means, as to any Loan Party, without duplication, Capital Expenditures funded (a) from such Loan Party’s internally generated cash flow or (b) with the proceeds of an Advance. Notwithstanding the foregoing, for purposes of calculating the Fixed Charge Coverage Ratio of Quantum and its Subsidiaries for any fiscal period ending on December 31, 2016, March 31, 2017, June 30, 2017 and September 30, 2017: (a) the Unfunded Capital Expenditures of Quantum and its Subsidiaries for the fiscal quarter ending on March 31, 2016 shall be deemed to be $1,710,550; (b) the Unfunded Capital Expenditures of Quantum and its Subsidiaries for the fiscal quarter ending on June 30, 2016 shall be deemed to be $1,631,630; and (c) the Unfunded Capital Expenditures of Quantum and its Subsidiaries for the fiscal quarter ending on September 30, 2016 shall be deemed to be $2,175,836.