Major Capital Improvements definition

Major Capital Improvements has the meaning given in Section 3.6.

Major Capital Improvements means work having an estimated cost of $25,000 or more. Owner acknowledges that Manager, or an affiliate of Manager, may bid on any such work, and that Manager, or an affiliate of Manager, may be selected to perform part or all of the work; provided that if Manager desires to select itself, or its affiliate to do any work, it shall first notify Owner of the terms upon which it, or its affiliate, proposes to contract for the work, and terms upon which the independent contractors have offered to perform, and shall state the reasons for preferring itself, or its affiliate, over independent contractors and Owner shall have fifteen days to disapprove Manager, or its affiliate, and to request performance by an independent contractor. Only Owner shall have the power to compromise or settle any dispute or claim arising from work performed by Manager, or its affiliate; and it is expressly understood that the selection of Manager, or its affiliate, will not affect any fee or other compensation payable to Manager hereunder.

Major Capital Improvements means Capital Improvements for which the Borrower’s allocated share of costs pursuant to the CFAA is reasonably expected to be equal to or greater than $200,000,000.

Examples of Major Capital Improvements in a sentence

• Costs for such Capital Improvements that are Major Capital Improvements shall be approved by the Renewal Contract Coordinating Committee and shall be included in a budget for each such Major Capital Improvement payable from the proceeds of Renewal Contract Project Indebtedness, except to the extent included in the Operating Budget payable as Monthly Power Costs.

• All Capital Improvements other than Major Capital Improvements that are approved by the Original Coordinating Committee or Renewal Contract Coordinating Committee, as applicable, and designated thereby as an Ordinary Capital Improvement.

• In addition to the Service Charges otherwise imposed under this Section 7.1, but subject to Section 7.1(c) and Section 7.2, the Concessionaire may also impose a Capital Cost Recovery Charge to recover the capital costs of Major Capital Improvements.

• Prior to January 2016 the Concessionaire shall not revise the Schedule of Service Charges from the Initial Schedule of Rates in effect on the Closing Date, without the prior approval of such revisions by the City, which approval shall be at the sole discretion of the City, provided that no City approval shall be required for any revision of the Schedule of Service Charges established by the Concessionaire to fund or finance Major Capital Improvements as permitted by Section 7.1(f).

• Any Fan Amenities or Major Capital Improvements made shall become the property of the City and may not be removed from the Stadium.

More Definitions of Major Capital Improvements

Major Capital Improvements means work having an estimated cost of $25,000 or more. If Owner and Manager fail to reach an agreement for Manager’s additional compensation as provided in this Section 3.6, Owner may contract with a third party to supervise installation or construction of Major Capital Improvements.

Major Capital Improvements means improvements costing more than $5,000 per occurrence.

Major Capital Improvements means substitutions, replacements, refurbishments, repairs, alterations, and maintenance to the Stadium of the nature described in Section 7.03 intended to enhance the overall value of the property and increase its useful life.

Major Capital Improvements has the meaning given in Section 3.6. "l\fanngcmcnt Fee" has the meaning given in Section 4.1. "l\1anagcr" has the meaning given in the introductory paragraph. "Operating Budget" has the meaning given in Section 3.11 (a). "Owner" has the meaning given in the introductory paragraph. "Owner's Representative" has the meaning given in Section 2.2. "Pass-Through Amounts" means fees and/or reimbursements for services provided to the Property but not covered by the Management Fee, as described in Exhibit A attached hereto and made a part hereof. "Propcrtv" means the multifamily apartment project listed and described on Exhibit B attached hereto and made a part hereof. "Securitv Deposit Account" has the meaning given in Section 5.1. "fill!!!:" means the state in whlch the Property is located. ARTICLE2 APPOINTMENT OF AGENCY AND RENTAL RESPONSIBILITY Section 2.1

Major Capital Improvements means any program of capital improvements, renovation or refurbishing involving an addition to the Vessel, or renovation or refurbishing designed to substantially upgrade or change the nature or image of the Vessel (as opposed to a renovation or refurbishing which takes place as part of the normal or cyclical upkeep of the Vessel). Major Capital Improvements will be undertaken only at the request of Owner.

Major Capital Improvements has the meaning given in Section 3.6. "Management Fee" has the meaning given in Section 4.1. "Manager" has the meaning given in the introductory paragraph. "Operating Budget" has the meaning given in Section 3.1 l(a). "Owner" has the meaning given in the introductory paragraph. "Owner's Representative" has the meaning given in Section 2.2. "Pass-Through Amounts" means fees and/orreimbursements for services provided to the Property but not covered by the Management Fee, as described in Exhibit A attached hereto and made a part hereof. "Property" means the multifamily apartment project listed and described on Exhibit B attached hereto and made a part hereof "Security Deposit Account" has the meaning given in Section 5.1. "State" means the state in which the Property is located. ARTICLE2 APPOINTMENT OF

Major Capital Improvements. With respect to any Amphitheater, any reconstruction, rehabilitation or capital improvements made with respect to such Amphitheater after completion of its initial construction involving, individually or in the aggregate, no less than $100,000.00 in costs, but specifically excluding (i) any routine repair or maintenance and (ii) reconstruction or repair following damage from any casualty to the extent of casualty insurance proceeds.