Capital Improvement Project definition

Capital Improvement Project means with respect to any Real Estate now or hereafter owned by the Company or any of its Subsidiaries which is utilized principally for shopping centers, capital improvements consisting of rehabilitation, refurbishment, replacement, expansions and improvements (including related amenities) to the existing Buildings on such Real Estate and capital additions, repairs, resurfacing and replacements in the common areas of such Real Estate all of which may be properly capitalized under GAAP.
Capital Improvement Project means a set of Capital Improvements that are reasonably related in time and purpose as determined by Parks in its sole discretion. In the event that Licensee does not post or cause to be posted a payment bond as required hereunder, the following undertaking will satisfy the requirements of this Section 6.2(c); (i) Licensee guarantees payment in accordance with the provisions of Exhibit G, attached hereto and made a part hereof; and (ii) Licensee causes payment bonds to be posted by all contractors of Licensee and their subcontractors guaranteeing prompt payment of monies due to all person furnishing labor or materials to such contractors or subcontractors in the prosecution of the Capital Improvement Project.

Examples of Capital Improvement Project in a sentence

  • Mr. Hanson recommends acknowledging receipt of both the Northern Height’s Development offer and the AE2S proposal and ask the finance committee to consider inclusion of the 66th St. Project in the 2015 Capital Improvement Project list and table until the next commission meeting pending discussions with the finance committee.

  • Coronavirus Local Fiscal Recovery Funds (aka American Rescue Plan Act or ARPA funds) received by the Town from the federal government to furnish and install audio and visual equipment in the Wescustogo Hall and to fund the installation of a culvert located on Sweetser Road (a previously approved Capital Improvement Project), which are eligible government services as set forth in the U.S. Department of Treasury’s Final Rule and as determined by the Select Board to be in the best interests of the Town.

  • For projects funded with State Capital Improvement Project (CIP) funds, the HOPA shall also endorse thereon its certificate, as required by Section 103D-309, HRS, that there is an available unexpended appropriation or balance of an appropriation over and above all outstanding contracts sufficient to cover DHHL’s amount required by such contract.


More Definitions of Capital Improvement Project

Capital Improvement Project has the meaning assigned to such term in Section 4.3(a) of this Exhibit E.
Capital Improvement Project means a set of Capital Improvements that are reasonably related in time and purpose as determined by Parks in its sole discretion.
Capital Improvement Project means any on-or above-grade structure including buildings and additions to buildings, bridges, viaducts, streets, arterial and highway improvements, park developments, landscaping, fencing gates, lamp standards, signs, street furniture, and all similar installations including below-grade structures which are regularly visible to the public including tunnels, arcades and underground passageways, to be erected on land belonging to the City, financed in whole or in part with City funds, or subject to the approval of the City.
Capital Improvement Project means a proposed or approved activity which may be either a “restoration project” as defined in paragraph 18-24.001(2)(r), or “other capital improvement project”, as defined in paragraph 18-24.001(2)(p).
Capital Improvement Project. With respect to any Real Estate now or hereafter owned by the Borrower or its Subsidiaries which is utilized principally for industrial purposes, capital improvements consisting of rehabilitation, refurbishment, replacement and improvements to the existing Buildings on such Real Estate which may be properly capitalized under generally accepted accounting principles. CAPITAL IMPROVEMENT RESERVE. With respect to the Real Estate or any portion thereof, a reserve for Capital Improvement Projects in the amount of fifteen cents ($0.15) multiplied by the average Gross Rentable Area contained therein for the period in question.