Capital Projects Sample Clauses
The 'Capital Projects' clause defines the terms and conditions under which significant investments in long-term assets, such as buildings, infrastructure, or major equipment, are planned, approved, and executed within an agreement. This clause typically outlines the approval process, budgeting requirements, and responsibilities of each party involved in the development or improvement of capital assets. By establishing clear procedures and expectations, the clause ensures that large-scale projects are managed efficiently and that financial and operational risks are appropriately allocated and controlled.
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Capital Projects. (a) The selection of all design professionals and contractors for capital projects shall be made by Lessor and Lessor shall provide at its expense all materials and services for capital projects.
(b) Lessee shall cooperate with Lessor with respect to capital projects. Notwithstanding anything in the foregoing which may be construed to the contrary, Lessee shall have no obligation to perform any such capital projects unless Lessee agrees to perform and be responsible for same in accordance with a written agreement therefor between Lessor and Lessee.
Capital Projects. That certain project related to AFE# 097100014 and AFE# 107100014 at the Amorco terminal, which provide repairs and upgrades to the wharf regarding MOTEMS standards.
Capital Projects. Maintenance capital expenditures related to that certain AFE# 136104194BP-M (PRISM ID 32480) at Terminal 2 to replace all fire water piping at Berths 76, 77 and 78 areas of Terminal 2 in Long Beach, CA with new piping. This project will also replace all associated valves, fixtures, monitors, and fire-fighting accessories.
Capital Projects. Except as provided in Paragraph 40.d(2) of this Master Agreement below, only capital projects are eligible for support with Federal assistance authorized under 49 U.S.C. § 5310. Projects may include meal delivery service to the extent permitted by 49 U.S.C. § 5310(g).
Capital Projects. All capital costs related to AFE# 125100055 - Additive reservoir tank and pumping system for the Nikiski Terminal truck loading rack.
Capital Projects. The Employer will have the exclusive right to contract out capital projects but will consult on and discuss such projects with the Union. Capital projects are generally defined as those projects which are not budgeted for within the scope of the present Employer maintenance budget. The Employer will not reduce the crew strength and the Union will forego claiming capital projects as bargaining unit work.
Capital Projects. 12.5.1. Contractor shall bear sole responsibility for damage to completed portions of the project and to property located off the project caused by erosion, siltation, run-off, or other related items arising during construction of the project.
12.5.2. Contractor shall also bear sole responsibility for any pollution of rivers, streams, ground water, or other waters which may occur as a result of construction operations.
12.5.3. Contractor shall exercise all necessary precautions throughout the life of the project to prevent pollution, erosion, siltation, and damage to property.
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.
25.2 Where projects are reliant on donations or sponsorship that have yet to be confirmed, demonstration of a staggered approach to completion (i.e. that takes account of the funds secured to date before proceeding with each stage) will be more likely to receive approval to proceed.
25.3 When considering the case for capital projects, the BFI is expected to use the Treasury’s Green Book methodology (or its successor), as modified or enhanced by guidance from DCMS. This is the case for evaluating a capital project regardless of whether the project requires DCMS Finance Committee approval. The Department reserves the right to receive copies of business cases for projects below the BFI’s delegated limit or elements of it, such as the Net Present Value calculation.
Capital Projects. TAC shall reimburse the Partnership Group for:
Capital Projects. The Municipality may initiate a capital project at any time during the term of this Agreement with prior consultation with the Operator. At the Municipality’s cost, the Operator agrees to take all reasonable steps to facilitate the initiation, development and completion of the capital project. The Municipality recognizes that, as a result of capital projects, there may be a disruption to operations and programs and this may affect the operating budget.