Capital Improvement Costs. The Tenant shall pay any and all capital improvement costs as required to maintain the building in a state of good repair and meet all building code requirements. The Tenant shall address and remedy any maintenance or improvement issues related to Health and Safety immediately, with reference to the City’s building condition assessment and any other subsequent related studies and possible Landlord reports.
Capital Improvement Costs. IPA agrees that on and after the Transition Date, Capital Improvements approved by the Renewal Contract Coordinating Committee shall be undertaken, acquired and constructed in accordance with the Construction Management and Operating Agreement. Costs for such Capital Improvements that are Ordinary Capital Improvements shall be approved by the Renewal Contract Coordinating Committee and shall be set forth in the Operating Budget and included in the Annual Budget payable as Monthly Power Costs, except to the extent payable from the proceeds of any Renewal Contract Project Indebtedness. Costs for such Capital Improvements that are Major Capital Improvements shall be approved by the Renewal Contract Coordinating Committee and shall be included in a budget for each such Major Capital Improvement payable from the proceeds of Renewal Contract Project Indebtedness, except to the extent included in the Operating Budget payable as Monthly Power Costs.
Capital Improvement Costs. Beginning on the first Payment Date and on each Payment Date thereafter, Borrower shall deliver to Lender the sum of $8,784.45, which amount shall be increased by two percent (2%) on each anniversary of the Closing Date, and which sums shall be held in the Capital Expenditure Reserve Account, and which amounts shall be used for payment of costs incurred by Borrower (i) in connection with capital improvements to the Property approved by Lender, and (ii) provided that no Cash Management Period exists, in connection with tenant improvement expenses and leasing commissions incurred by Borrower in connection with replacing tenants or extending Leases at the Property pursuant to Leases approved (or deemed approved) pursuant to this Agreement.
Capital Improvement Costs. City will be responsible for a fair share of any capital improvements related to the LEC portion of the building. The PJC Joint Operations Committee shall make a recommendation to both the City Council and County Board as to the value and proportion of costs which the City shall be liable for. In the interest of consistency, the County will fund the capital improvements and the City shall reimburse the County based on the recommendation of the PJC Joint Operations Committee, and may either be in full upon completion of the improvement or based on the debt schedule incurred by the County if the funds are borrowed or in the form of bond proceeds. Note: The County considers items with a value of $5,000 or greater to be a capital improvement.
Capital Improvement Costs. The Tenant accepts the Leased Premises in an “as is, where is” condition and shall pay any and all capital improvement costs as required to modify the current site and to construct and maintain the buildings and interconnection pipelines, and any other equipment and machinery required for the operation of the compressor plant and the possible generation plant and process, and to keep in a state of good repair and meet all building code, and environmental regulation requirements.
Capital Improvement Costs. (2) any taxes imposed on Borrower's net income, (3) depreciation or (4) Debt Service and other payments in connection with the Indebtedness. Operating Expenses shall be calculated in accordance with GAAP.
Capital Improvement Costs. Beginning on the first Payment Date and on each Payment Date thereafter, Borrower shall deliver to Lender the sum of $12,707, which amount shall be increased by two percent (2%) on each anniversary of the Closing Date, and which sums shall be held in the Capital Expenditure Reserve Account, and which amounts shall be used for payment of costs incurred by Borrower in connection with capital improvements to the Property approved by Lender.
Capital Improvement Costs. All other amounts transferred to the Cash Collateral Account in such Current Month shall constitute "Excess Cash Flow" for such month and shall be applied to the payment of principal and interest as provided in Section 2.5(c) on the Payment Date in the next Current Month.
Capital Improvement Costs. Subtenant shall be responsible for its prorata share of capital improvement costs charged to Sublandlord under the Master Lease.
Capital Improvement Costs. (i) Capital improvement repairs and expenses, including without limitation construction costs, insurance premiums related to the construction, construction bond fees and all other out-of-pocket costs which are the obligation of Seller under any capital improvement or repair contract (“Cap Ex Obligations”), shall be allocated between the parties according to whether such obligations arose prior to Closing, regardless of the expected completion date for such repairs. Cap Ex Obligations that exist as of the date of this Agreement are the “Existing Cap Ex Obligations,” and are set forth on Exhibit G attached hereto. Cap Ex Obligations that arise prior to the Closing but after the date of the Study Period Agreement or capital repairs that commence during the pendency of this Agreement, and are approved by Buyer upon notice from Seller, are the “New Cap Ex Obligations.”
