Capital Replacements definition

Capital Replacements means replacements and renewals of FF&E at the Facility and such repairs, maintenance, alterations, improvements, renewals and replacements to the Facility building and its mechanical systems which are classified as capital expenditures under GAAP.

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Capital Replacements means, collectively, replacements and renewals to the FF&E and Repairs which are normally capitalized under the Accounting Principles.

Capital Replacements means any alteration or rebuilding or renovation of the Facility, and any replacement of Furnishings and Equipment, the cost of which is capitalized and depreciated rather than being expensed under GAAP.

Examples of Capital Replacements in a sentence

• If the Owner does not approve the Capital Budget, then the Management Company may spend only those amounts for Capital Replacements required pursuant to Applicable Laws or to maintain safety standards at the Hotel.

• Except for Capital Replacements (which will be paid with funds from the Special Account for Capital Expenditures or with funds provided by the Owner), and except for costs and expenses that the Management Company is responsible for pursuant to the terms of this Agreement, all costs and expenses incurred by the Management Company in association with the performance of the obligations in this Agreement will be paid from the Operating Special Account.

• The Owner will not unreasonably withhold or condition approval of the proposed Capital Budget with respect to Capital Replacements required pursuant to Applicable Laws or to maintain safety standards, but otherwise may approve or disapprove the remaining Capital Replacements and other Capital Expenditures in its sole discretion.

• Section 3.14.A Capital Expenditures See Below Capital Replacements See Below Claims .........................................................................................................................................

• In the second and subsequent years, unless the Owner disapproves and provides written objections to the proposed Capital Budget, the Management Company may nonetheless make expenditures for Capital Replacements provided that the proposed Capital Budget for the year is consistent with the summary budget approved as part of the prior year’s Capital Budget.

More Definitions of Capital Replacements

Capital Replacements means, for any period and with respect to any Person, the Borrowing Group’s Share of capital additions that are deemed to replace the portion of acquired capital assets (excluding capital additions for casualties, accidents and redevelopment and the Borrowing Group’s Share of capital additions that are made to enhance the value, profitability or useful life of an asset as compared to its original purchase condition) that was consumed in the ordinary course of business during the period that such Person owned such asset.

Capital Replacements means, with respect to any Individual Property, repairs, replacements and improvements which are capitalized under GAAP.

Capital Replacements means any alteration or rebuilding or renovation of the Facility, and any replacement of Furnishings and Equipment, the cost of which is capitalized and depreciated, rather than being expensed, applying GAAP.

Capital Replacements means, collectively, replacements and renewals to the FF&E and Capital Additions.

Capital Replacements means any alteration or rebuilding or renovation of the Facility, and any replacement of Furnishings and Equipment, the cost of which is capitalized and depreciated, rather than being expensed, applying generally accepted accounting principles, as described in Section 3.10.

Capital Replacements means, collectively, as part of a Cyclical Upgrade or refresh to the Hotel to maintain Hotel standards, replacements and renewals to the FF&E and repairs which are normally capitalized under GAAP.

Capital Replacements means any alteration, rebuilding, improvement, or renovation of the Taj Mahal, and any furnishing and equipping of the same, the cost of which is capitalized and depreciated in accordance with GAAP.