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 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.
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.
Examples of Capital Improvements in a sentence
Notwithstanding anything in this Agreement to the contrary, this Agreement (except for the signatories’ signatures and, to the extent not known to the public, the Company’s planned Capital Improvements and Project Costs and any anticipated wages information reflected in any of the Exhibits, hereafter collectively referred to as “Confidential Information”) is considered a public record for the purposes of the Illinois Freedom of Information Act, 5 ILCS 140/1, et seq.
After discussion it was decided to schedule a Workshop to discuss Project List as well as Capital Improvements.
Ordinance amending the FY 2020/2021 Capital Improvements Projects Budget; Professional Consultant Contract with Freese and Nichols, Inc.
Security cameras are on a rotation of 5-7 years.• No upgrades are scheduled for Technology Capital Improvements for physical computers for 2019-2020.• The building has been open for 8 years and we are on a cycle to replace and upgrade security cameras.
All Capital Improvements were scheduled for July and at the time of this report the new floor machine is the only one complete.
More Definitions of Capital Improvements
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 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. With respect to any Facility, any improvements or alterations or modifications of the Leased Improvements, including without limitation capital improvements and structural alterations, modifications or improvements, or one or more additional structures annexed to any portion of any of the Leased Improvements of such Facility, or the expansion of existing improvements, which are constructed on any parcel or portion of the Land of such Facility, during the Term, including construction of a new wing or new story, all of which shall constitute a portion of the Leased Improvements and Leased Property hereunder in accordance with Section 10.3. Notwithstanding the foregoing, for purposes of Article X only, “Capital Improvements” shall not include any improvements or alterations or modifications of the Leased Improvements or any expansion of the existing improvements if such (i) commenced prior to the Term in accordance with the terms of the Merger Agreement, and (ii) costs less than Fifteen Million Dollars ($15,000,000) on an individual project basis and less than Fifty Million Dollars ($50,000,000) in the aggregate with respect to all of the Facilities, it being agreed, for the avoidance of doubt, such improvements or alterations or modifications of the Leased Improvements or any expansion of the existing improvements shall be deemed part of the Leased Property and the Facilities for all purposes hereunder.
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 the same as that term is defined in Section 63A-5-104.
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 those improvements that materially add to the value of the property and appreciably prolong its useful life or adapt it to new uses and which may be amortized over the useful life of the improvements in accordance with the Internal Revenue Code.