Major Expenditure definition

Major Expenditure means any single expenditure incurred during or subsequent to the fiscal period in which the Lease commences for modifications or additions to the Building and/or the Parking Garage if one of the principal purposes of such modification or addition was to reduce energy consumption or operating expenses, or was required by governmental law or regulations; and
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Major Expenditure means any expenditure incurred after the date of substantial completion of the Building for replacement of machinery, equipment, building elements, systems or facilities forming a part of or used in connection with the Property or for modifications, upgrades or additions to the Property or facilities used in connection therewith, provided that, in each case, such expenditure was more than ten percent (10%) of the total Operating Costs for the immediately preceding Fiscal Period.
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Major Expenditure means any expenditure incurred during or subsequent to the Fiscal Period in which the Lease commences for replacement of machinery, equipment, systems or facilities used in connection with the Project, or for modifications or additions to the Project if one of the purposes of such modification or addition is to reduce energy consumption or Operating Costs or was required by governmental regulation; provided, however, that " major expenditure made the-pfejaet; and costs and expenses incurred by Landlord in good faith in contesting or appealing Landlord's Taxes. (d) Operating Costs shall not include the following: (a) interest on debt and repayment of debt;
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Examples of Major Expenditure in a sentence

  • In accordance with accepted Association practices (ASAE, NAR, etc.) of maintaining reserves for emergency operation (Emergency Management Reserves) and major expenditures (Major Expenditure Reserves), the Association will maintain Emergency Management Reserves of such an amount that will sustain the Association for three (3) months, or twenty five percent (25%) of annual budget, following a natural or other disaster.

  • See Appendix E for a more detailed version of this table.Figure 3.2 – Distribution of Estimated Annual Spending (and Local Proportion) by Anchor Institutions in Philadelphia, by Major Expenditure Category (in $M), Given a 25 Percent Shift to Local Vendors Source: IMPLAN (2012), Econsult Solutions, Inc.

  • See Appendix C for a more detailed version of this table, and for a table of illustrative sub-industries for each major industry category.Figure 2.1 – Distribution of Estimated Annual Spending (and Local Proportion) by Anchor Institutions in Philadelphia, by Major Expenditure Category (in $M)Source: IMPLAN (2012), Econsult Solutions, Inc.

  • The table is organized by Fund, Service, and Major Expenditure/ Revenue category.

  • The claimant normally worked until 3.30 so in leaving early (taking into account her lunch hour) she was taking back the same time or less than she had worked in overtime.

  • Table 4Saudi Arabia Major Expenditure Categories Link to Revenues (1979-2002) Sector Impact Period Impact Social Expenditures (human resource development, and health)Total RevenuesShort Run insLong-Run ins Economic Expenditures (transport and communication, economic andTotal RevenuesShort Run +Long-Run positive Public Expenditures (public administration, loans, and subsidies)Total RevenuesShort Run +Long-Run positive Defense Note: See Table 2.

  • Forestry Program Expenditures (all sources) by State Governments in the U.S. Hardwood Producing Region, by State and Major Expenditure Category.

  • Because the investment purported to involve equity and subordinated debt, Citibank also approved a Major Expenditure Proposal for the transaction.

  • Approval of 2017-18 Fiscal Year-end Budget Transfers between Major Expenditure Classifications and Use of Fund Balance/retained Earnings in Accordance with Education Code Section 70902 and Title 5, California Code of Regulations, Section 58307.

  • Newspapers, magazines, billboards, direct mail, radio stations, and television stations are examples of traditional media channels, while websites, social media, email, and search engines are examples of online media channels (Govoni, N.A. 2004).


More Definitions of Major Expenditure

Major Expenditure means an expenditure made in connection with (i) repairs, betterments, replacements or improvements to the Facility in accordance with Section 7.1 of the Facility Lease, but only to the extent that expenditures for such repairs, betterments, replacements or improvements can be capitalized for United States Federal income tax purposes, (ii) a Replacement Component installed in accordance with Section 7.2 of the Facility Lease, but only to the extent that such Replacement Component can be capitalized for United States Federal income tax purposes, (iii) a Required Modification made in accordance with Section 8.1 of the Facility Lease or (iv) an Optional Modification that is a Non-Severable Modification made in accordance with Section 8.2 of the Facility Lease.
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Major Expenditure means any expenditure incurred during or subsequent to the Fiscal Period in which the Term commences for replacement of machinery, equipment, building elements, systems or facilities forming a part of or used in connection with the Property or for modifications, upgrades or additions to the Property or facilities used in connection therewith, provided that, in each case, such expenditure was more than ten percent (10%) of the total Operating Costs for the immediately preceding Fiscal Period. (d) In this Lease there shall be excluded from Operating Costs the following:
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Major Expenditure means and be limited to any expenditure incurred after the date of substantial completion of the Building for replacement of machinery, equipment, building elements, systems or facilities forming a part of or used in connection with the Property or for modifications, upgrades or additions to the Property, and (A) which are reasonably incurred to have the effect of reducing or limiting Operating Costs, or (B) which are required by new governmental laws or changes in existing governmental laws after the Commencement Date, or (C) are made for the purpose of enhancing or upgrading the security for the Building; and
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Related to Major Expenditure

  • Capital Expenditure means expenditure on:

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Expenditure means the outlay of cash or the amount due and owing after receipt of goods or services included in the Scope of Work.

  • Exploration Expenditures means the sum of:

  • Expenditures means payments and contracts for goods, services, and construction which may be acquired competitively and are not regulated by separate authority, and, where the department acts as the sole or primary contracting officer and has selective discretion as to the supplier, vendor, or contractor. This definition does not apply to expenditures by the department of transportation for road and bridge construction projects which receive federal funds under section 112(b) of title 23 of the United States Code, 23 U.S.C. 112, 23 C.F.R. 635.104(a), and other applicable federal law until federal law recognizes small businesses owned by persons with disabilities.

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • Operating Expenditures means all Partnership Group expenditures, including, but not limited to, taxes, reimbursements of the General Partner, repayment of Working Capital Borrowings, debt service payments and capital expenditures, subject to the following:

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • Net Capital Expenditures means for any period the amount by which Capital Expenditures during such period exceeds reimbursements for such items during such period from any fund established pursuant to the Loan Documents.

  • Capital Expenditure Reserve means, on an annual basis, an amount equal to $0.15 per square foot for each property owned by a Borrower or the Parent (or a Subsidiary thereof).

  • Excluded Expenditure means any expenditure:

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.

  • Investment Capital Expenditures means capital expenditures other than Maintenance Capital Expenditures and Expansion Capital Expenditures.

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • Expenditure Incurred means the fund, whether the equity or debt or both, actually deployed and paid in cash or cash equivalent, for creation or acquisition of a useful asset and does not include commitments or liabilities for which no payment has been released;

  • Capitalized Software Expenditures means, for any period, the aggregate of all expenditures (whether paid in cash or accrued as liabilities) by a Person and its Restricted Subsidiaries during such period in respect of licensed or purchased software or internally developed software and software enhancements that, in conformity with GAAP, are or are required to be reflected as capitalized costs on the consolidated balance sheet of a Person and its Restricted Subsidiaries.

  • Eligible Expenditure means expenditure solely for the purpose of delivering the Services agreed and set out in the Appendices and Annexes of this Funding Agreement;

  • qualifying expenditure means, in respect of any Accounting Year or Accounting Half- Year, the aggregate of the costs, expenses and fees described in paragraph 1 of Annex 2 which are incurred during that Accounting Year or Accounting Half-Year, calculated in accordance with paragraphs 2 and 3 of Annex 2;