Capital Improvements Fund Sample Clauses

Capital Improvements Fund. Borrower agrees to establish, out of the proceeds of the Acquisition Loan, a capital improvement fund with Lender in the amount of $846,875.00. Moneys in the capital improvement fund shall be invested in the manner determined by Lender, interest to accrue for Borrower's benefit. Borrower hereby grants Lender a security interest in the capital improvement fund to secure Borrower's obligations under this Agreement. So long as no Event of Default exists hereunder, advances from the capital improvement fund will be disbursed as follows:
Sample 1
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Capital Improvements Fund. 10.1 During the second year of the agreement, the County’s Auditor-Controller shall establish an Improvement Fund for Cerritos Tennis Center (Fund). The Fund shall be administered by the County. The County shall deposit two percent (2%) of the total monthly gross receipts in a Capital Improvement Fund Account. All funds shall be used exclusively at Cerritos Tennis Center and disbursed at the discretion of the Director pursuant to this Section. At the termination or expiration of this Agreement, all unexpended monies shall be retained by the County.
Sample 1
Capital Improvements Fund. Amounts in the Capital Improvements Fund may be used to pay the costs of the Capital Improvements to the Dulles Toll Road as designated by the Airports Authority. Amounts in the Capital Improvements Fund shall not be pledged to Bondholders.
Sample 1
Capital Improvements Fund. (1) On or before the second anniversary of the Initial Closing Date, the Property Company shall, at any one time or from time to time, draw Revolving Facility Advances in an amount equal to at least $25,000,000 in the aggregate, and place such amounts in a deposit account in a financial institution selected by the Property Company and approved by the Lender. The term "
Sample 1
Capital Improvements Fund. 22 SECTION 5.1. Establishment of Capital Improvements Fund. 22 SECTION 5.2. Application of Monies Held in Capital Improvements Fund. 22 SECTION 5.3. Investment of Monies Held by Any Fiduciary. 22 SECTION 5.4. Liability of Fiduciaries for Investments. 22 ARTICLE VI. COVENANTS .............................................................................................................. 23 SECTION 6.1. Affirmative Covenants of the City. 23 SECTION 6.2. Covenants in Bond Documents. 23 SECTION 6.3. Conduct of Government Operations. 23 SECTION 6.4. Payment of Indebtedness. 23 SECTION 6.5. Performance of Obligations. 23 SECTION 6.6. Annual Budget and Financial Reporting. 23 SECTION 6.7. Environmental Indemnity. 24
Sample 1
Capital Improvements Fund. The Parties have heretofore identified capital improvement projects that would be desirable enhancements for providing Public Services on the Rancheria, such as a new on-site fire station, a ladder fire truck, an on-site Sheriff’s sub-station, and specific road reconstruction projects. The Parties recognize that these and other capital improvements that may be recommended by the Advisory Committee will frequently cost more up-front than can reasonably be allocated from each yearly payment without detrimentally affecting the on-going operations of the other Public Services. The County may establish a separate fund for capital improvement projects with the County Auditor after estimating the appropriate amount from each yearly payment to place in the fund necessary to accumulate sufficient funds to pay for the capital improvements.
Sample 1

Related to Capital Improvements Fund

  • Capital Improvements The Department has identified the following possible opportunities for Capital Improvements:

  • Initial Improvements Landlord shall cause to be constructed, in a good workmanlike manner, the improvements (the “Initial Improvements”) in the Premises in accordance with plans and specifications approved by Tenant and Landlord (the “Plans”), which approvals shall not be unreasonably withheld. The Initial Improvements shall be performed at the Landlord’s cost. Landlord shall cause the Plans to be prepared by a professional architect, and mechanical and electrical engineer(s) and based upon the space plans as shown on Appendix C-1 attached hereto using building standard finishes. Within ten (10) business days after the later to occur of (i) the mutual execution of the Lease or (ii) Tenant’s providing to Landlord the preliminary space plans for the Premises and such other information reasonably required by Landlord to commence preparation of the Plans, Landlord shall furnish the initial draft of the Plans to Tenant for Tenant’s review and approval. Tenant shall, within ten (10) days after receipt, either provide comments to such Plans or approve the same. Tenant shall be deemed to have approved such Plans if it does not timely provide comments on such Plans. If Tenant provides Landlord with comments to the initial draft of the Plans, Landlord shall provide revised Plans to Tenant incorporating Tenant’s comments within one (1) week after receipt of Tenant’s comments. Tenant shall, within five (5) business days after receipt, then either provide comments to such revised Plans or approve such Plans. Tenant shall be deemed to have approved such revised Plans if Tenant does not timely provide comments on such Plans. The process described above shall be repeated, if necessary, until the Plans have been finally approved by Tenant and Landlord; provided, however, if Landlord and Tenant cannot, despite using good faith efforts, reach agreement with respect to the Plans by June 15, 2005, then either Landlord or Tenant may terminate this Lease upon delivery of written notice to the other, whereupon (i) Landlord shall return to Tenant any prepaid Rent and (ii) the parties shall have no further rights or obligations under this Lease. Landlord hereby agrees that the Plans for the Initial Improvements shall comply with all applicable Governmental Requirements. Once the Plans have been finally approved, Landlord will promptly prepare all necessary construction drawings for the construction of the Initial Improvements. Upon the completion of such construction drawings, Landlord shall submit the same to Tenant for its approval. Tenant shall, within five (5) days after receipt, then either provide comments to such drawings or approve the same. Tenant shall be deemed to have approved such drawings if Tenant does not timely provide comments thereto. If Tenant timely provides any comments to such drawings, Landlord shall revise such drawings and resubmit the same to Tenant for its review and approval. Until such time as Landlord and Tenant mutually approve such construction drawings, the process described above shall be repeated as reasonably necessary, and both Landlord and Tenant agree to act in good faith in order to derive mutually acceptable construction drawings for the construction of the Initial Improvements. Once the Plans and all construction drawings relative thereto have been finalized and approved by Tenant and Landlord, Landlord shall promptly (i) submit the same to the appropriate governmental authorities for the issuance of all necessary building permits, and (ii) select a contractor to perform the construction of the Initial Improvements. Landlord shall use commercially reasonable efforts to cause the Initial Improvements to be substantially completed, except for mechanical adjustments or minor details of construction (“Punch List Items”), on or before July 1, 2005 (the “Intended Completion Date”), subject to Tenant Delay (as defined in Section 4 hereof) and Force Majeure.

  • School Improvement The conditions which follow shall govern employee participation in any and all plans, programs, or projects included in the terms, site-based decision making, school improvement, effective schools as provided in Act 197, P.A. 1987 (Section 15.1919 (919b) MSA) or other similar plans:

  • Capital Projects 25.1 All capital projects, whether already underway or beginning during this period, are subject to the Department’s investment appraisal processes. Any capital expenditure that exceeds the BFI’s delegated capital limit must be referred to the DCMS Finance Committee for approval at three stages of development, as set out in guidance issued by the Department. The figure used in calculating whether the costs exceed the delegated limit is the lifetime cost of the capital project, including non- exchequer funding and any increased running costs ensuing from it.

  • Tenant Improvement Allowance Items Except as otherwise set forth in this Tenant Work Letter, the Tenant Improvement Allowance shall be disbursed by Landlord only for the following items and costs (collectively the “Tenant Improvement Allowance Items”):

  • ALTERATIONS & IMPROVEMENTS Tenant shall not make any alterations, additions or improvements or do any type of construction to the Property without first obtaining Landlord's written consent. Unless prior written agreement is reached between Tenant and Landlord, any such alterations, additions, improvements or construction shall become part of the Property and shall remain at the expiration of Tenant's Lease term. If Landlord approves of alterations, additions, improvements or construction in writing and Tenant intends to use contractors to undertake such work, the contractors must first be approved in writing by Landlord. Tenant must also place any funds to cover the amount of any alterations, additions, improvements or construction in an escrow account approved by Landlord before the commencement of the work. Landlord shall designate the times and manner of the work being done, exclusively.

  • CONSTRUCTION AND IMPROVEMENTS Concessionaire shall not affix, alter, or erect any permanent or temporary equipment, structures, buildings, or additions to the Concession Premises without first obtaining the prior written approval of Department.

  • Notice to Proceed - Site Improvements The Recipient shall not commence, or cause to be commenced, any site improvements or other work on the Land until the Director has issued a Notice to Proceed to the Recipient. Such Notice to Proceed will not be issued until the Director is assured that the Recipient has complied with all requirements for the approval of a grant under Revised Code Sections 164.20 through 164.27 and has completed any land acquisition required by the Project. A Notice to Proceed shall be required for all Project prime contractors or direct procurement initiated by the Recipient following execution of this Agreement.

  • Capital Budget Any amendment that is mutually agreed upon shall be set forth in writing and signed by both parties. It is acknowledged by Owner that capital expenditures required as a result of an emergency situation shall not reduce amounts available pursuant to the Capital Budget or otherwise hereunder, other than to the extent a Capital Budget item is subsumed within the capital expenditures required as a result of the occurrence of the emergency;

  • MAINTENANCE OF THE SAID BUILDING / APARTMENT / PROJECT The Promoter shall be responsible to provide and maintain essential services in the Project till the taking over of the maintenance of the project by the association of the allottees. The cost of such maintenance has been included in the Total Price of the [Apartment/Plot]. [Insert any other clauses in relation to maintenance of project, infrastructure and equipment]

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