Common use of SARA Clause in Contracts

SARA. ▇he Superfund Amendments and Reauthorization Act of 1985, as amended. Shared Priority Capital Expenditure. A Priority Capital Expenditure that (i) is compelled to be made to comply with the Americans with Disabilities Act, as amended, or (ii) arises from installation of a sprinkler system that is compelled to be made by Applicable Law.

Appears in 2 contracts

Sources: Percentage Lease Agreement (Red Lion Inns Limited Partnership), Percentage Lease Agreement (Boykin Lodging Co)