Allocation of Capital Costs a. MTC shall pay for the following Clipper capital costs:
Allocation of Capital Costs. Subject to any contrary provision of the Unilateral Capital Implementation Plan, for purposes of allocating Capital Costs for the period from the first invoicing of a Unilateral Capital Project, the Partners' shares of such Capital Costs shall be determined by allocating all Capital Costs attributable to the Unilateral Capital Project to the Partner undertaking such project, including as to future Maintenance Capital Projects, EHS Capital Projects and Discretionary Capital Projects attributable to the Unilateral Capital Project subsequent to completion of such Unilateral Capital Project, and by allocating all other Capital Costs of the Partnership to the Partners in accordance with their Partnership Percentages.
Allocation of Capital Costs. Tenant agrees not to defer any maintenance, repair or replacement work constituting a Capital Improvement (as hereinafter defined) to the last twenty-four (24) months of the Term. If, during the last twenty-four (24) months of the Term, any Capital Improvement is required to be made to the Premises, then the cost of such Capital Improvement shall be amortized over the useful life of such Capital Improvement (based on the mutual agreement of Landlord or Tenant or if they cannot agree, pursuant to Paragraph 17.9) and Landlord shall, upon the expiration of this Lease, reimburse Tenant for the unamortized portion thereof that extends beyond the expiration of the Term (such unamortized amount, the “Unamortized Capital Improvement Costs”); provided that, Landlord shall not be required to reimburse Tenant for such amount if this Lease is terminated prior to the expiration of the Term by reason of a Tenant default or if Tenant purchases the Premises pursuant to Article 23. The term “Capital Improvement” shall mean any maintenance, repair or replacement, the cost of which would be characterized as a capital expense under GAAP.
Allocation of Capital Costs. For purposes of this Agreement, the costs of constructing, equipping and furnishing the building or buildings of the School and its programs or the payment of rentals therefore, and any and all fees incident thereto, shall be shared by the respective Member School Districts on the basis of their proportionate market valuation as reported by Allegheny County in the annual certified tax roll issued on or around December 15th of the year preceding the school year in which the payment is to be made.
Allocation of Capital Costs. A. The Commission will prepare annually a budget for its capital improvement program for the next fiscal year.
Allocation of Capital Costs
