Capital Improvements mean the purchase, renovation, rehabilitation, or construction of permanent land, buildings, structures, equipment and furnishings used directly for or in the Project, and any goods or services for the Project that are purchased and capitalized under GAAP, including any organizational costs and research and development costs incurred in Illinois. Capitalized lease costs for land, buildings, structures or equipment shall be included in “Capital Improvements” only if the lease term, including any extensions or options to extend, equals or exceeds the term of this Agreement, and provided that such lease costs are valued at their present value using the corporate interest rate prevailing at the time the Company filed its Application with the Department.
Capital Improvements means additions to properties or renovations or refurbishing of properties which are designed to substantially upgrade such properties or significantly modernize the operation thereof.
Capital Improvements will mean all expenditures for replacements, substitutions and additions to Hotels and Hotel FF&E which are required to be capitalized in accordance with generally accepted accounting principles.
Examples of Capital Improvements in a sentence
Capital Improvements so long as the Authority reasonably determines that all other then- necessary Capital Repairs have been performed or otherwise an adequate reserve reasonably acceptable to the Authority has been provided therefor.
More Definitions of Capital Improvements
Capital Improvements means improvements with a useful life of five years or more, by new construction or other action, which increase or increased the service capacity of a public facility.
Capital Improvements means the acquisition of land, easements, facilities, and equipment (other than ordinary repairs and replacements), and those property improvements or any combination of property improvements which will constitute enlargements, extensions or betterments to the System and will be incorporated into the System.
Capital Improvements means capital improvements, repairs or alterations (including any improvements, repairs or alterations required pursuant to a Property Improvement Plan), FF&E and other capital items (whether paid in cash or property or accrued as liabilities) made by the Borrowers that, in conformity with GAAP, would not be included in the Borrowers' annual financial statements as an Operating Expense of the Properties.
Capital Improvements means all construction, reconstruction or renovation of the Licensed Premises. Capital Improvements also include all Alterations and “Additional Fixed Equipment,” as that term is defined in Section 2.1(h) below, which the Licensee installs or causes to be installed on the Licensed Premises. Capital Improvements shall not include routine maintenance and repair activities required to be performed in the normal course of management and operation of the Licensed Premises. Capital Improvements shall include those activities described in Section 6.1 and the Schedule of Capital Improvements attached as Exhibit D.
Capital Improvements means facilities or assets used for:
Capital Improvements shall have the meaning provided in Section 11.09.
Capital Improvements means, other than Capital Repairs, new capital items, features, components, and other elements of the Stadium and Improvements not included in the construction of the Stadium and the Improvements as the same are constructed in accordance with the Development Agreement and any associated capital repairs and replacements of such new capital items, features, components and other elements.