Major Capital Project(s) definition

Major Capital Project(s) means the acquisition of any interest in land, including improvements on

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Major Capital Project(s) means the acquisition of any interest in land, including improvements on 1912 the acquired land at the time of acquisition, new construction of 5,000 square feet or greater or costing 1913 $1 million or more, improvements or renovations of $1 million or more, and Capital Leases.

Major Capital Project(s) means the acquisition of any interest in land, including improvements on the acquired land at the time of acquisition, new construction of 5,000 square feet or greater or costing $1 million or more, improvements or renovations of $1 million or more, and Capital Leases.

Examples of Major Capital Project(s) in a sentence

• The Owner retains the right to enter the Hotel for all lawful purposes including undertaking Major Capital Projects.

• The Management Company will furnish Project Services for Major Capital Projects when the parties provide for the same in an Operating Budget or Capital Budget or when otherwise specifically approved by the Owner.

• When the Management Company furnishes Project Services for Major Capital Projects, the Owner will pay to the Management Company an additional fee of [ ] of the hard costs (those being any costs associated with the physical construction of the building and any equipment that is fixed) of such Major Capital Project.

• Section 3.9.A Incentive Management Fee Section 5.2 Inflation See Below Joinder Signature Page Maintenance Manual See Below Maintenance Standards See Below Major Capital Projects See Below Marks Section 11.1 Management Fee Section 5.2 Management Company Preamble Management Company Party Section 9.4 Management Company Representative Section 3.24 Maximum Balance ...................................................................................................................

More Definitions of Major Capital Project(s)

Major Capital Project(s) means the acquisition of any interest in land, including improvements on the acquired land at the time of acquisition, new construction of 5,000 square feet or greater or costing

Major Capital Project(s) means those capital projects of the Company involving expenditures in excess of $500,000, each of which is identified on Schedule 2.2(d) and such other capital projects as may be agreed upon by the Parties after the date hereof.

Major Capital Project(s) means the following capital projects if the cost of such project exceeds $500,000: this may include non-recurring investment in the property that involves construction, renovation, replacement, or improvement of building structures, systems, or major equipment which has a total project cost exceeding $500,000. Major Capital Project may include, but are not limited to, building expansions, mechanical or electrical systems, roof replacements, façade restoration, room renovations, and other substantial alternations or additions that materially extend the useful like, enhance the value or improve the operational efficiency of the property.

Major Capital Project(s) as used herein mean those capital projects with budgets for construction, professional /personal services, purchase, or installation that continue over a multi-year period and that provide facilities, systems or equipment with a useful life of three years or more or extend the useful life of a facility, system or equipment for three years or more and that: 1) exceed five (5) million dollars ($5,000,000.00); or 2) exceed one million dollars ($1,000,000.00) and which are certified by the Appointing Officer and the City Administrator’s Office as so significantly complex as to merit additional compensation for those employees working on such projects. Significantly complex projects are those projects that involve three or more engineering disciplines and that: i. carry a high degree of consequence of error that could result in potentially significant bond penalties or potential loss of significant grant or bond funding; and or, ii. require significant involvement in negotiation and consensus building among a variety of stakeholders, including regulatory agencies; involve complex, unusual or unique construction or fabrication methods; and that are generally highly visible.

Major Capital Project(s) means new build projects, including all plant, equipment, fixtures and fittings therein (excluding variations or alterations arising under existing Project Agreements), having a capital value in excess of £750,000 (index linked from April 2010)

Major Capital Project(s) as used herein mean those capital projects with budgets for construction, professional /personal services, purchase, or installation that continue over a multi-year period and that provide facilities, systems or equipment with a useful life of three years or more or extend the useful life of a facility, system or equipment for three years or more and that: 1) exceed five (5) million dollars ($5,000,000.00); or 2) exceed one million dollars ($1,000,000.00) and which are certified by the Appointing Officer and the City Administrator’s Office as so significantly complex as to merit additional compensation for those employees working on such projects. Significantly complex projects are those projects that involve three or more engineering disciplines and that:

Major Capital Project(s) means construction or renovations, including related goods and services, which are budgeted to cost $4,000,000 or more.