Capital Expenditures Allowance definition

Capital Expenditures Allowance. As defined in Article 38.
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Capital Expenditures Allowance. As defined in Article 38. ------------------------------ Capital Impositions: Taxes, assessments or similar charges imposed upon or ------------------- levied against the Leased Property for the costs of public improvements, including, without limitation, roads, sidewalks, public lighting fixtures, utility lines, storm sewers drainage facilities, and similar improvements.
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Examples of Capital Expenditures Allowance in a sentence

  • Capital Expenditures made in any such succeeding Fiscal Year shall be applied first to the Excess Capital Expenditures Allowance carried forward until such Allowance is exhausted and shall then be applied to the maximum Capital Expenditures specified above for such Fiscal Year in determining whether an Excess Capital Expenditure Allowance is available to be carried forward to the next succeeding Fiscal Year in the manner described in this Subsection 7.5.4.

  • Capital Expenditures made in any such succeeding Fiscal Year shall be applied first to the Excess Capital Expenditures Allowance carried forward until such Allowance is exhausted and shall then be applied to the maximum Capital Expenditures specified above for such Fiscal Year in determining whether an Excess Capital Expenditure Allowance is available to be carried forward to the next succeeding Fiscal Year in the manner described in this Subsection 7.5(d).

  • In the event that sums in excess of the Capital Expenditures Allowance are required to comply with the Franchise Agreement, Lessor shall fund such additional sums.

  • Lessor shall be obligated to make available to Lessee an amount equal to 4% of Room Revenues from the Facility during each Lease Year ("Capital Expenditures Allowance").

  • Lessee's obligation with respect to Capital Expenditures and ordinary maintenance and repair under this Section 9.1 shall be limited to the Capital Expenditures Allowance, which Lessor shall make available to Lessee for these purposes during each Lease Year.

  • To the extent that it is necessary to make a Capital Expenditure to comply with applicable Legal Requirements in excess of any sums then available in the Capital Expenditures Allowance, then Lessor shall promptly fund all such sums as are required therefor.