Capital Matters definition

Capital Matters means Capital Repairs and Capital Improvements.
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Capital Matters. StadCo is responsible for all capital repairs and improvements to the Stadium. StadCo must submit annually to the Authority for approval by the Authority a capital budget for the Stadium. Following the third (3rd) calendar year during the term of the Lease, StadCo must submit annually to the Authority for review a rolling five-year forecast of projected capital repairs and improvements.
Sample 1

Examples of Capital Matters in a sentence

  • Commencing on the Term Commencement Date, StadCo shall keep, or cause to be kept, books, records, and accounts of the use, operation, management, Maintenance, and Capital Matters with regard to the Premises on an accrual basis in accordance with the Accounting Standard consistently applied.

  • The Authority shall not be required to furnish any services or facilities to or to perform any Maintenance, Capital Matters or Additional Work in or at the Premises.

  • If any StadCo Certificate submitted by StadCo under this Section 7.8(c) does not include documents that reasonably evidence StadCo’s completion of the Capital Matters covered by such StadCo Certificate, StadCo shall provide the Authority with such documents within thirty (30) days after the completion of such Capital Matters.

  • Further, notwithstanding anything in this Agreement to the contrary, StadCo’s financial responsibility with respect to Capital Matters shall not be limited to the amount allocated to, available in or disbursed from the StadCo Capital Projects Fund.

  • Subject to all of the provisions and limitations set forth in this Section 7.8(c), from time to time during the Term, StadCo may obtain funds available in the StadCo Capital Projects Fund, but only for the purpose of paying or reimbursing itself for expenses incurred in connection with Capital Matters.

  • The distribution of funds out of the StadCo Capital Projects Fund for Capital Matters shall not constitute or be deemed to constitute (i) an Approval or acceptance by the Authority of the relevant Capital Matters or (ii) a representation or indemnity by the Authority to StadCo or any other Person regarding any such Capital Matters.

  • The StadCo Capital Projects Fund shall be applied exclusively to fund expenses incurred in connection with Capital Matters.

  • StadCo shall have, and does hereby assume, the sole responsibility for the operation, direction, Maintenance, Capital Matters, management and supervision of the Premises, subject to the terms of this Agreement.

Related to Capital Matters

  • Environmental Management Plan or “EMP” means the environmental management plan for the Project, including any update thereto, incorporated in the IEE;