Capital Expenditures and Improvements Sample Clauses

Capital Expenditures and Improvements. In insuring a modern ------------------------------------- full-service hospital, Sub is committed to providing the equipment and capital improvements that are and will be needed by the Hospital Facilities, including the Approved Capital Expenditures, to serve the medical needs of the community through state-of-the-art facilities. Sub shall fund and pay, and HMA shall cause Sub to fund and pay, for capital expenditures and improvements to the Hospital Facilities, including the Approved Capital Expenditures, a minimum sum of Twenty-Five Million Dollars ($25,000,000.00) which sum shall be used to pay the cost determined by HMA to complete the Approved Capital Expenditures and the balance to pay for such capital expenditures and improvements to be allocated among the Hospital Facilities as HMA deems appropriate, all of which shall be funded on or before the fifth anniversary of the Closing Date. All capital expenditures shall be as defined by GAAP. At least annually and from time to time during each year of the Lease, HMA shall review and consult with the Governing Board with respect to capital expenditure programs and in the development of a strategic plan for the Hospital Facilities. HMA shall also seek the advice and input of the Governing Board regarding future capital expenditures and shall consider making changes reasonably suggested by the Governing Board to the capital expenditure program; however, HMA is under no obligation to accept such suggestions made by the Governing Board. HMA shall implement the capital expenditure programs for the Hospital Facilities that HMA approves after consultation with the Governing Board.
Sample 1
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Capital Expenditures and Improvements. Foodbrands acknowledges that the EBITDA Targets (as defined herein) were established assuming that certain capital expenditures would be made and certain operations would remain unchanged. In this regard, Foodbrands agrees as follows: (1) The Company will make the capital improvements to the manufacturing facility located at 0000 Xxxx Xxxxxx Blvd., Fort Worth, Texas (the "Fort Worth Facility") described in Schedule 2.07-2. The timing and specifications of such improvements will be as determined by the Agent, subject to the reasonable approval of Foodbrands; provided, the aggregate cost of such improvements will not exceed $3.7 million. (2) During FFY 1996 the capital improvements described in Schedule 2.07-3, (the "1996 Planned CapEx") will be made or commitments for such 1996 Planned CapEx shall have been entered into on such terms as are reasonably approved by Agent; provided the 1996 Planned CapEx shall not exceed the amounts set forth in Schedule 2.07-3. In the event the 1996 Planned CapEx is not made or commitments entered into for such 1996 Planned CapEx during FFY 1996, the '96 Target will be revised as set forth in Schedule 2.07-3. In the event the 1996 Planned CapEx are not made by the end of FFY 1997, the '97 Target and the '98 Target will be revised as set forth in Schedule 2.07-3. (3) The Company will make additional capital expenditures (not described in Schedules 2.07-2 or 2.07-3) of at least $2.0 million in FFY 1997 (the "1997 CapEx Amount") and in FFY 1998, the sum of (i) $2.0 million, plus (ii) the 1997 CapEx Shortfall (as defined below), if any, and minus (iii) the 1997 CapEx Excess (as defined below), if any (the "1998 CapEx Amount"). In the event the Company's additional capital expenditures exceed $2.0 million in FFY 1997, such excess shall be referred to as the "1997 CapEx Excess." In the event the additional capital expenditures of the Company are less than $2.0 million in FFY 1997, (i) the difference shall be referred to as the "1997 CapEx Shortfall," and (ii) the '97 Target shall be reduced by the product of the 1997 CapEx Shortfall multiplied by .30 (30%). In the event the additional capital expenditures of the Company are less than the 1998 CapEx Amount in FFY 1998, (i) the difference shall be referred to as the "1998 CapEx Shortfall" and (ii) the '98 Target shall be reduced by the product of the 1998 CapEx Shortfall multiplied by .30 (30%). (4) The Company presently uses a Holac dicer to prepare Italian sausage products for sale...
Sample 1

Related to Capital Expenditures and Improvements

  • Capital Expenditures The Issuer shall not make any expenditure (by long-term or operating lease or otherwise) for capital assets (either realty or personalty).

  • Capital Expenditure Make or incur any Capital Expenditure if, after giving effect thereto, the aggregate amount of all Capital Expenditures by Borrower in any fiscal year would exceed the amount set forth on the Schedule;

  • XXXXXX’S EXPENDITURES If any action or proceeding is commenced that would materially affect Xxxxxx’s interest in the Collateral or if Borrower fails to comply with any provision of this Agreement or any Related Documents, including but not limited to Borrower’s failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any Related Documents, Lender on Borrower’s behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on any Collateral and paying all costs for insuring, maintaining and preserving any Collateral. All such expenditures incurred or paid by Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment by Xxxxxxxx. All such expenses will become a part of the Indebtedness and, at Lender’s option, will (A) be payable on demand; (B) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance policy; or (2) the remaining term of the Note; or (C) be treated as a balloon payment which will be due and payable at the Note’s maturity.

  • REPAIRS AND IMPROVEMENTS 14.1 Prior to registration of transfer, the Purchaser shall not be entitled to effect any alterations to the Property without the prior written consent of the Seller. 14.2 The Seller shall not be obliged to compensate the Purchaser for any authorised alteration effected in the event of the sale being cancelled. 14.3 The Purchaser shall be liable for any damages suffered by the Seller as a result of any alterations effected by the Purchaser, not authorised by the Seller.

  • Capital Improvements From and after Final Completion, Tenant shall not replace or materially alter the Project, or any part thereof (except as provided to the contrary with respect to Fixtures in Article 13), or make any addition thereto, whether voluntarily or in connection with repairs required by this Lease (collectively, “Capital Improvements”), unless Tenant shall comply with the following requirements and, if applicable, with the additional requirements set forth in Section 11.10: (a) No Capital Improvements shall be undertaken, as applicable, until Tenant shall have procured from all Governmental Authorities and paid for all permits, consents, certificates and approvals for the proposed Capital Improvements which are required to be obtained prior to the commencement of the proposed Capital Improvements (collectively, “Improvement Approvals”). The FCRHA shall not unreasonably refuse to join or otherwise unreasonably refuse to cooperate in the application for any such Improvement Approvals, provided such application is made without cost, expense or liability (contingent or otherwise) to the FCRHA. True copies of all such Improvement Approvals shall be delivered by Tenant to the FCRHA prior to commencement of the proposed Capital Improvements. (b) The Premises after completion of such Capital Improvements, shall have a value at least equal to the value of the Premises immediately before construction of such Capital Improvements. In addition, the Project shall at all times remain in substantial conformity with the original Plans and Specifications therefor (except to the extent specifically consented to by the FCRHA, in its sole but reasonable discretion). (c) All Capital Improvements shall be made with reasonable diligence and continuity (subject to Unavoidable Delays) and in a good and workmanlike manner and in compliance with (i) all Improvement Approvals, (ii) if required pursuant to Section 11.10(a) or (b), in substantial accordance with the plans and specifications for such Capital Improvements as approved by the FCRHA, and (iii) all Applicable Laws. (d) No construction of any Capital Improvement shall be commenced until Tenant shall have delivered to the FCRHA certificates of insurance and copies of the declaration page(s) for the insurance required by Exhibit D. Such insurance policies shall comply with the terms of Section 7.02 above.

  • Expenditures The Assuming Institution will pay such bills and invoices on behalf of the Receiver and the Corporation as the Receiver or the Corporation may direct for the period beginning on the date of the Bank Closing Date and ending on Settlement Date. The Assuming Institution shall submit its requests for reimbursement of such expenditures pursuant to Article VIII of this Agreement.

  • Excluded Expenditures The Recipient undertakes that the proceeds of the Financing shall not be used to finance Excluded Expenditures. If the Association determines at any time that an amount of the Financing was used to make a payment for an Excluded Expenditure, the Recipient shall, promptly upon notice from the Association, refund an amount equal to the amount of such payment to the Association. Amounts refunded to the Association upon such request shall be cancelled.

  • ALTERATIONS AND IMPROVEMENTS Tenant shall make no alterations to the buildings or improvements on the Premises or construct any building or make any other improvements on the Premises without the prior written consent of Landlord. Any and all alterations, changes, and/or improvements built, constructed or placed on the Premises by Tenant shall, unless otherwise provided by written agreement between Landlord and Tenant, be and become the property of Landlord and remain on the Premises at the expiration or earlier termination of this Agreement.

  • Projects There shall be a thirty (30) km free zone around the projects excluding the Metro Vancouver Area. For local residents, kilometers shall be paid from the boundary of the free zone around the project. Workers employed by any contractor within an identified free zone who resides outside of that same free zone will be paid according to the Kilometer Chart from the project to their residence less thirty

  • LENDER'S EXPENDITURES If any action or proceeding is commenced that would materially affect Lender’s interest in the Collateral or if Borrower fails to comply with any provision of this Agreement or any Related Documents, including but not limited to Borrower’s failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any Related Documents, Lender on Borrower’s behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on any Collateral and paying all costs for insuring, maintaining and preserving any Collateral. All such expenditures incurred or paid by Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment by Borrower. All such expenses will become a part of the Indebtedness and, at Lender’s option, will (A) be payable on demand; (B) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance policy; or (2) the remaining term of the Note; or (C) be treated as a balloon payment which will be due and payable at the Note’s maturity.

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