Capital Improvements definition

Capital Improvements mean the purchase, renovation, rehabilitation, or construction of permanent land, buildings, structures, equipment and furnishings used directly for or in the Project, and any goods or services for the Project that are purchased and capitalized under GAAP, including any organizational costs and research and development costs incurred in Illinois. Capitalized lease costs for land, buildings, structures or equipment shall be included in “Capital Improvements” only if the lease term, including any extensions or options to extend, equals or exceeds the term of this Agreement, and provided that such lease costs are valued at their present value using the corporate interest rate prevailing at the time the Company filed its Application with the Department.

Capital Improvements will mean all expenditures for replacements, substitutions and additions to Hotels and Hotel FF&E which are required to be capitalized in accordance with generally accepted accounting principles.

Capital Improvements means additions to properties or renovations or refurbishing of properties which are designed to substantially upgrade such properties or significantly modernize the operation thereof.

Examples of Capital Improvements in a sentence

• The City shall own the Capital Improvement plans and specifications, including any as-built plans relating thereto, which shall be delivered to the City upon completion of the Capital Improvements described therein.

• The deferral or priority of any Capital Improvements will be determined and approved within the City’s sole discretion.

• The fund shall be entitled “Ballpark Capital Expenditure Reserve Fund” and shall be utilized for the purpose of funding Capital Improvements.

• Subject to the provisions of this Agreement and unless the City informs the Saints that it will be performing one (1) or more Capital Improvements, the Saints shall perform all Capital Improvements in the final Capital Improvement Plan with funds in the Capital Expenditure Reserve Fund or provided by the City and in accordance with this Article VIII.

• The Saints shall have no obligation to pay for Capital Improvements to the Ballpark or the Appurtenant Area except from funds made available for such purpose by the City, either from the Capital Expenditure Reserve Fund or otherwise.

More Definitions of Capital Improvements

Capital Improvements means improvements with a useful life of five years or more, by new construction or other action, which increase or increased the service capacity of a public facility.

Capital Improvements means the acquisition of land, easements, facilities, and equipment (other than ordinary repairs and replacements), and those property improvements or any combination of property improvements which will constitute enlargements, extensions or betterments to the System and will be incorporated into the System.

Capital Improvements means all construction, reconstruction or renovation of the Licensed Premises. Capital Improvements also include all Alterations and “Additional Fixed Equipment,” as that term is defined in Section 2.1(h) below, which the Licensee installs or causes to be installed on the Licensed Premises. Capital Improvements shall not include routine maintenance and repair activities required to be performed in the normal course of management and operation of the Licensed Premises. Capital Improvements shall include those activities described in Section 6.1 and the Schedule of Capital Improvements attached as Exhibit D.

Capital Improvements means facilities or assets used for:

Capital Improvements means capital improvements, repairs or alterations (including any improvements, repairs or alterations required pursuant to a Property Improvement Plan), FF&E and other capital items (whether paid in cash or property or accrued as liabilities) made by the Borrowers that, in conformity with GAAP, would not be included in the Borrowers' annual financial statements as an Operating Expense of the Properties.

Capital Improvements shall have the meaning provided in Section 11.09.

Capital Improvements means capital improvements, repairs or alterations, fixtures, equipment and other capital items (whether paid in cash or property or accrued as liabilities) made by the Borrowers that, in conformity with GAAP, would not be included in the Borrowers’ annual financial statements as an operating expense.