Calendar Year 2015 Clause Samples

Calendar Year 2015. Tenant shall be obligated to spend the remaining balance, if any, in connection with Tenant’s Capital Expenditures obligation for the three (3) year rolling average for 2012, 2013 and 2014 (collectively, the “2014 Deficit”), plus Three Million Dollars ($3,000,000), in Capital Expenditures during calendar year 2015, which Capital Expenditures shall include (i) infrastructure and equipment Capital Expenditures for the Hospitals and (ii) the construction project costs incurred by Tenant with respect to the ▇▇. ▇▇▇▇▇▇ ▇. Garcia – Memorial Family Health Center leasehold Improvements incurred by Tenant during calendar year 2015. The costs of maintaining the green space, i.e., the unimproved lawn areas, at the Main Campus shall be credited against ▇▇▇▇▇▇’s Three Million Dollar ($3,000,000) Capital Expenditures requirement for 2015. Any deficiency in Tenant’s Capital Expenditures obligation for the 2014 Deficit and Three Million Dollars ($3,000,000) in Capital Expenditures and green space maintenance costs during calendar year 2015 shall be added to Tenant’s capital expenditure obligation for calendar year 2016 (collectively, the “2015 Deficit”).