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This excerpt taken from the WEN 8-K filed Mar 12, 2009. Capital Expenditures” means, for any Person for any period, the aggregate of amounts that would be reflected as additions to property, plant or equipment on a Consolidated balance sheet of such Person and its Subsidiaries (other than Unrestricted Subsidiaries), excluding (i) any portion of such additions attributable
solely to Permitted Acquisitions, (ii) expenditures to the extent financed with Designated Net Cash Proceeds of Equity Issuances, (iii) any such additions constituting Permitted Reinvestments and (iv) expenditures to the extent financed with Capital Leases and, without duplication, any portion of such additions attributable solely to Capital Leases.
“ This excerpt taken from the WEN 8-K filed Jan 16, 2009. Capital
Expenditures” means, for any period, with respect to any Person, the
aggregate of all expenditures by such Person for the acquisition of fixed or
capital assets or additions to equipment (including replacements, capitalized
repairs and improvements during such period) that should be capitalized under
Agreement Accounting Principles on a consolidated balance sheet of such Person,
excluding (i) any portion of such additions to equipment attributable solely to
Permitted Acquisitions, (ii) capital expenditures to the extent financed with
proceeds of equity issuances or proceeds of casualty events and (iii) capital
expenditures to the extent financed with Capital Leases and, without
duplication, any portion of such additions to equipment attributable solely to
Capital Leases.
“ This excerpt taken from the WEN 8-K filed Dec 27, 2007. Capital Expenditures.
(a) Make or Incur Capital Expenditures, in any fiscal year of the Parent, commencing with such fiscal year ending on December 31, 2008, in an aggregate amount in excess of $1,500,000; provided, that to the extent that actual Capital Expenditures for any such fiscal year shall be less than the maximum amount set forth above (without giving effect to the carryover permitted by this proviso), the difference between said stated maximum amount and such actual Capital Expenditures shall, in addition, be available for Capital Expenditures in the immediately succeeding fiscal year of the Parent. (b) In addition to the foregoing, the Note Parties may make additional Capital Expenditures in any fiscal year of the Parent (which Capital Expenditures will not be included in any determination under clause (a) above) with the amount of Net Cash Proceeds from any Asset Sale or any Event of Loss, but only to the extent that such Net Cash Proceeds are not otherwise required to be applied as a mandatory repayment pursuant to Section 2.02(b).
This excerpt taken from the WEN 10-K filed Mar 1, 2007. Capital Expenditures Cash capital expenditures amounted to $80.3 million in 2006, including $7.9 million related to Deerfield which is not expected to recur in 2007. We expect that cash capital expenditures will be approximately $70.0 million and non-cash capital expenditures consisting of capitalized leases will be approximately $22.0 million in 2007 principally relating to (1) the opening of an estimated 50 new Company-owned restaurants, (2) remodeling some of our existing restaurants and (3) maintenance capital expenditures for our Company-owned restaurants. We have $18.8 million of outstanding commitments for capital expenditures as of December 31, 2006, of which $11.8 million is expected to be paid in 2007. This excerpt taken from the WEN 10-K filed Apr 3, 2006. Capital Expenditures Cash capital expenditures amounted to $35.4 million in 2005. We expect that cash capital expenditures will be approximately $68.9 million in 2006 principally relating to (1) the opening of an estimated 44 new Company-owned restaurants, (2) remodeling some of our existing restaurants, (3) maintenance capital expenditures for our Company-owned restaurants and (4) leasehold improvements for recently leased corporate office facilities of the restaurant and asset management segments. We have $7.5 million of outstanding commitments for these capital expenditures as of January 1, 2006. | EXCERPTS ON THIS PAGE:
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