CapEx Work definition
Examples of CapEx Work in a sentence
From the Effective Date until the Closing or earlier termination of this Agreement, Seller Parent shall permit Purchaser and its representatives, subject to the Access Agreement, upon reasonable prior notice to enter upon any Owned Real Property during normal business hours, to inspect the progress of the CapEx Work and to examine any applicable plans and specifications and contracts relating thereto.
To the extent applicable, if the Closing occurs on a day other than the first or last day of a calendar month, the CapEx Work that is estimated to be completed for the applicable month in which the Closing occurs shall be prorated on a per diem basis based on the number of days in such month, and such amount shall be taken into account for purposes of the calculation of the amount payable pursuant to this Section 10.1.12.
Purchaser shall have the right to reasonably consult through bi-weekly construction status meetings (which may be held virtually) with Seller Parent regarding the planning, progress and performance of the CapEx Work.