Capital Expenditures

Capital Expenditures. Means, for any period, expenditures (including the aggregate amount of Capital Lease Obligations incurred during such period but excluding the interest component thereof) made by the Restricted Parties during such period to acquire or construct fixed assets, plant and equipment (including renewals, improvements and replacements, but excluding normal replacements and maintenance which are properly charged to current operations) that is required to be capitalized for financial reporting purposes... in accordance with U.S. GAAP, provided that Capital Expenditures for any period shall not include Capital Expenditures (in an aggregate amount not to exceed U.S. $2,000,000 for any fiscal year) required to be reported on the statement of cash flows of MDC Partners in accordance with U.S. GAAP to the extent such Capital Expenditures have been funded during such period by a landlord of MDC Partners or any of its Subsidiaries (including the Minority-Owned Obligors) with respect to any improvements to property leased from such landlord by MDC Partners or any of its Subsidiaries (including the Minority-Owned Obligors). View More

Capital Expenditures. Less any portion of such expenditures made with the proceeds of long term financing obligations incurred by the Borrower in respect of such expenditures, to the extent the expenditures reflected in such items are so financed

Capital Expenditures. For any period, with respect to any Person, the aggregate of all expenditures by such Person and its Subsidiaries that, in accordance with GAAP, are or should be included in "purchase of property and equipment" or similar items reflected in the consolidated statement of cash flows of the Borrower, less (i) to the extent otherwise included above and without duplication, any portion of such expenditures made with the proceeds of long term financing obligations incurred by the Borrower in respect... of such expenditures, to the extent the expenditures reflected in such items are so financed, and (ii) to the extent otherwise included as Capital Expenditures in such period or any prior period and without duplication of any previous reimbursement for such expenditure described in this clause (ii) or any reduction for such item described in clause (i) above, any cash amounts received by the Borrower and its Subsidiaries (including any offsets and credits against cash amounts owed by the Borrower and its Subsidiaries) from or on behalf of landlords or lessors during such period representing reimbursements to the Borrower and its Subsidiaries for leasehold improvements made to any properties leased by them View More

Capital Expenditures. All expenditures for or contracts for any fixed or capital assets or improvements, or for replacements, substitutions or additions thereto, which have a useful life of more than one (1) year, including, but not limited to, the direct or indirect acquisition of such assets by way of offset items or otherwise and shall include the principal amount of capitalized lease payments.

Capital Expenditures. The Parent Guarantor will not permit the aggregate amount of Capital Expenditures by the Parent Guarantor and its Included Subsidiaries to exceed the following respective amounts for the following respective periods: Period Amount 2009 Fiscal Year $17,500,000 2010 and 2011 Fiscal Year $10,000,000 2012 Fiscal Year and each Fiscal $20,000,000 Year thereafter Notwithstanding the foregoing, (i) if the aggregate amount of Capital Expenditures for any Fiscal Year shall be less than the amount... permitted by the table above to be made in such Fiscal Year, then 50% of the shortfall shall be added to the amount of Capital Expenditures permitted for the immediately succeeding (but not any other) Fiscal Year (hereinafter, a "Carry-forward") (provided that no Carry-forward shall be permitted from the 2009 Fiscal Year to the 2010 Fiscal Year); (ii) if, as of the Test Period ending on the last day of the 2010 Fiscal Year, (x) the Consolidated Leverage Ratio does not exceed 3.25 to 1.00 and (y) Liquidity is at least $10,000,000, the aggregate amount of Capital Expenditures permitted for such Fiscal Year shall be increased by $3,000,000; and (iii) if, as of the Test Period ending on the last day of the 2011 Fiscal Year, (x) the Consolidated Leverage Ratio does not exceed 2.50 to 1.00 and (y) Liquidity is at least $10,000,000, the aggregate amount of Capital Expenditures permitted for such Fiscal Year shall be increased by $5,000,000. For purposes of the foregoing, the amount of Capital Expenditures made during any Fiscal Year shall be deemed to have been made first from the amount permitted by the table above to be made in such Fiscal Year, next from any increased amount referred to in clauses (ii) and (iii) above and last from any Carry-forward. View More

Capital Expenditures. Means expenditures by the Borrower for the purchase or lease of equipment and other goods which must be accounted for as capital items, and not as expenses, pursuant to GAAP.

Capital Expenditures. For any fiscal year, the aggregate of all expenditures (whether paid in cash or accrued as liabilities, and including expenditures for obligations under any lease with respect to which Borrower's obligations thereunder should, in accordance with G.A.A.P., be capitalized and reflected as a liability on the balance sheet of Borrower) by Borrower during such period that are required by G.A.A.P. to be included in or reflected by the property, plant or equipment or similar fixed asset accounts on... the balance sheet of Borrower View More

Capital Expenditures. Means, for any period, the sum of (without duplication) all expenditures (except permitted acquisitions) during such period for fixed or capital assets that are required to be capitalized under G.A.A.P.

Capital Expenditures. For any period the sum of all capital expenditures, excluding capital expenditures related to the Borrower's imaging system incurred during the Fiscal Year ending December 31, 2003 in an amount not to exceed $750,000 in the aggregate, incurred during such period by the Borrower and its Consolidated Subsidiaries, as determined in accordance with GAAP

Capital Expenditures. Notwithstanding anything to the contrary contained herein, "Capital Expenditures" shall not include the payment of the FAST Purchase Price by the Borrower as consideration for the FAST Acquisition.