Document ID: 12427

Text:
8.1 Capital Expenditures. The Loan Parties shall not make, or permit their Subsidiaries to make, Capital Expenditures in excess of $105,000,000 in the aggregate in any fiscal year of the Borrower (such amount for any such fiscal year, the Capital Expenditure Base Amount); provided, however, that, for any fiscal year in which the Loan Parties and their Subsidiaries do not make Capital Expenditures in the full amount of the Capital Expenditure Base Amount for such fiscal year, then during the immediately succeeding fiscal year (commencing with the fiscal year ending on December31, 2017), and only in such immediately succeeding fiscal year, the Loan Parties and their Subsidiaries may make Capital Expenditures in an amount not to exceed the Capital Expenditure Base Amount plus 100% of the unused portion of the Capital Expenditure Base Amount for such immediately preceding fiscal year (the Capital Expenditure Carryover Amount); provided further, that any Capital Expenditures made in a particular year shall first be deemed to have been made with any available Capital Expenditure Base Amount before any Capital Expenditure Carryover Amount for such fiscal year is applied. Notwithstanding the forgoing, in the event that any Loan Party or Subsidiary of any Loan Party incurs a Joint Pole Dispute Capital Expenditure, (a)the Joint Pole Dispute Capital Expenditure shall be deemed as incurred in the year paid, and (b)the Capital Expenditures for the Loan Parties and their Subsidiaries for the year in which such Joint Pole Dispute Capital Expenditure is paid shall exclude from such calculation such Joint Pole Dispute Capital Expenditures; provided that, the amount of Joint Pole Dispute Capital Expenditures excluded from the calculation of Capital Expenditures shall not exceed in the aggregate the Maximum Joint Pole Dispute Amount.

Named Entities:
25
30
Principal
146
147
Percentage

Tokenized Text:
8
.
1
Capital
Expenditures
.
The
Loan
Parties
shall
not
make
,
or
permit
their
Subsidiaries
to
make
,
Capital
Expenditures
in
excess
of
$
105
,
000
,
000
in
the
aggregate
in
any
fiscal
year
of
the
Borrower
(
such
amount
for
any
such
fiscal
year
,
the
Capital
Expenditure
Base
Amount
)
;
provided
,
however
,
that
,
for
any
fiscal
year
in
which
the
Loan
Parties
and
their
Subsidiaries
do
not
make
Capital
Expenditures
in
the
full
amount
of
the
Capital
Expenditure
Base
Amount
for
such
fiscal
year
,
then
during
the
immediately
succeeding
fiscal
year
(
commencing
with
the
fiscal
year
ending
on
December31
,
2017
)
,
and
only
in
such
immediately
succeeding
fiscal
year
,
the
Loan
Parties
and
their
Subsidiaries
may
make
Capital
Expenditures
in
an
amount
not
to
exceed
the
Capital
Expenditure
Base
Amount
plus
100
%
of
the
unused
portion
of
the
Capital
Expenditure
Base
Amount
for
such
immediately
preceding
fiscal
year
(
the
Capital
Expenditure
Carryover
Amount
)
;
provided
further
,
that
any
Capital
Expenditures
made
in
a
particular
year
shall
first
be
deemed
to
have
been
made
with
any
available
Capital
Expenditure
Base
Amount
before
any
Capital
Expenditure
Carryover
Amount
for
such
fiscal
year
is
applied
.
Notwithstanding
the
forgoing
,
in
the
event
that
any
Loan
Party
or
Subsidiary
of
any
Loan
Party
incurs
a
Joint
Pole
Dispute
Capital
Expenditure
,
(
a
)
the
Joint
Pole
Dispute
Capital
Expenditure
shall
be
deemed
as
incurred
in
the
year
paid
,
and
(
b
)
the
Capital
Expenditures
for
the
Loan
Parties
and
their
Subsidiaries
for
the
year
in
which
such
Joint
Pole
Dispute
Capital
Expenditure
is
paid
shall
exclude
from
such
calculation
such
Joint
Pole
Dispute
Capital
Expenditures
;
provided
that
,
the
amount
of
Joint
Pole
Dispute
Capital
Expenditures
excluded
from
the
calculation
of
Capital
Expenditures
shall
not
exceed
in
the
aggregate
the
Maximum
Joint
Pole
Dispute
Amount
.