Capital Expenditure Requirement. (a) Tenant shall build, install, place or erect improvements to the Property which total a minimum of One Million Five Hundred Thousand Dollars ($1,500,000.00) during the first three (3) years of the Lease Term, provided that Tenant has made a total of Five Million Dollars ($5,000,000.00) of Improvements during the first three (3) years under this lease and under a lease that Tenant has entered into as of the date hereof between Tenant and Big Boulder Corporation.
Appears in 2 contracts
Samples: Lease (Peak Resorts Inc), Lease (Blue Ridge Real Estate Co)
Capital Expenditure Requirement. (a) Tenant shall build, install, place or erect improvements to the Property which total a minimum of One Million Five Hundred Thousand Dollars ($1,500,000.00) during the first three (3) years of the Lease Term, provided that Tenant has made a total of Five Million Dollars ($5,000,000.00) of Improvements during the first three (3) years under this lease and under a lease that Tenant has entered into as of the date hereof between Tenant and Big Boulder CorporationBlue Ridge Real Estate Company.
Appears in 2 contracts
Samples: Lease (Peak Resorts Inc), Lease (Blue Ridge Real Estate Co)