Building Capital Expenditures definition
Building Capital Expenditures means all expenditures for building improvement projects and other capital expenditures for the Company Projects the costs of which are not recoverable from tenants under Leases as repair and maintenance costs.
Examples of Building Capital Expenditures in a sentence
Section 19.1(a) Base Building Capital Expenditures.................................................
Financial Covenant Definitions: "Building Capital Expenditures" will be computed by multiplying $1.75 (the "Dollar Multiplier") times the total net rentable square feet in the buildings owned by Borrower at the end of the quarterly period being tested, using a similar measurement as used for computing the net rentable square feet reported in the December 31, 1995 annual financial statements of Borrower.