Common use of Approval of Withdrawal From StadCo Capital Projects Fund Clause in Contracts

Approval of Withdrawal From StadCo Capital Projects Fund. The prior Approval of the Authority Board shall be required prior to StadCo’s withdrawal of funds from the StadCo Capital Projects Fund except for the following: (i) Expenses incurred in connection with Capital Matters required by Applicable Law, which requirement is evidenced by a notice of violation or other evidence from any Governmental Authority; (ii) Expenses incurred in connection with Capital Matters detailed in the Capital Budget for that specific year Approved by the Authority Board as provided in Section 7.6(b)(i) thereof; or (iii) Expenses incurred in connection with the Capital Matters undertaken to address an Emergency.

Approval of Withdrawal From StadCo Capital Projects Fund. The prior Approval of the Authority Board shall be required prior to StadCo’s withdrawal of funds from the StadCo Capital Projects Fund except for the following: (i) Expenses incurred in connection with Capital Matters required by Applicable Law, which requirement is evidenced by a notice of violation or other evidence from any Governmental AuthorityAuthority or MLB, as applicable; (ii) Expenses incurred in connection with Capital Matters detailed in the Capital Budget for that specific year Approved by the Authority Board as provided in Section 7.6(b)(i) (Capital Budget for Capital Matters) thereof; or (iii) Expenses incurred in connection with the Capital Matters undertaken to address an Emergency.