Common use of Capital Expenditure Clause in Contracts

Capital Expenditure. (a) The Owner shall bear all expenditure of a capital nature or of a kind not expected to be incurred annually (including, but not limited to, expenses for the renovation, improvement and repair of the Building, the purchase, setting up, replacement, improvement and addition of installations systems, equipment, tools, plant and machineries for the Building and the costs of the relevant investigation works and professional services, but excluding all expenditure payable or to be borne by the lessees, tenants and licensees of the Building under the relevant leases, tenancy agreements and licence agreements) (“Capital Expenditure”) relating to the Building.

Capital Expenditure. (a) The Owner shall bear all expenditure of a capital nature or of a kind not expected to be incurred annually (including, but not limited to, expenses for the renovation, improvement and repair of the BuildingProperty, the purchase, setting up, replacement, improvement and addition of installations systems, equipment, tools, plant and machineries for the Building Property and the costs of the relevant investigation works and professional services, but excluding all expenditure payable or to be borne by the lessees, tenants and licensees of the Building Property under the relevant leases, tenancy agreements and licence agreements) (“Capital Expenditure”) relating to the BuildingProperty.