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. Not more frequently than once each Interest Accrual Period, and provided that no Event of Default has occurred and is continuing, Borrower may notify Lender in writing and request that Lender release to Borrower funds from the Capital Expenditure Reserve Sub-Account, to the extent funds are available therein, for payment of Capital Improvement Costs. Together with each such request, Borrower shall furnish Lender with copies of bills and other documentation reasonably required by Lender to establish that such Capital Improvement Costs are reasonable, that the work relating thereto has been completed and that such amounts are then due or have been paid. Lender shall approve or disapprove such request within ten (10) Business Days after Lender’s receipt of such request and, if approved, Lender shall release the funds to Borrower or Borrower’s designee within ten (10) Business Days after Lender’s approval.
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. On the Effective Date, Borrower shall deliver to Lender the sum of Two Hundred Thousand and No/100 Dollars ($200,000.00), which sum shall be held in the Capital Expenditure Reserve Account. Beginning on the first Payment Date and on each Payment Date thereafter, Borrower shall deliver to Lender the sum of Five Thousand Three Hundred Forty-Seven and No/100 Dollars ($5,347.00), which sums shall be held in the Capital Expenditure Reserve Account. Amounts held in the Capital Expenditure Reserve Account shall be used for payment of costs incurred by Borrower in connection with capital improvements to the Property reasonably approved by Lender and otherwise in accordance with the terms of the Loan Documents, including, but not limited to, all requirements, terms, covenants and conditions applicable to certain Lender-approved capital or other improvements to the Property as required and/or permitted under this Agreement and the other Loan Documents. Such sums shall be subject to the disbursement procedures and requirements set forth in Article IV and in addition, Lender shall disburse funds for capital improvements upon evidence of lien free completion of such capital improvements and, in addition, Lender may require ten percent (10%) retainage; provided, however, that Lender shall disburse progress payments, not more frequently than monthly, in proportion to the completion of such capital improvements and subject to Lender’s receipt of conditional lien waivers and ten percent (10%) retainage.
Capital Improvement Costs. All capital improvement costs incurred by Seller after the Effective Date for capital improvements made to the Property ("Capital Improvement Costs") shall be paid by Buyer to Seller at Closing. However, Buyer shall not be responsible for the payment of any Capital Improvement Costs incurred for capital improvement agreements executed after the expiration Feasibility Period unless either of the following are true: (i) the capital improvement contract was approved by Buyer (which consent shall not be unreasonably withheld) or (ii) the capital improvement was necessary in order for Seller to comply with the terms of any Lease or to satisfy any requirements of any law, ordinance, rules, covenant, condition or restriction imposed on the Property. Seller shall provide Buyer with written notice prior to the expiration of the Feasibility Period of the Capital
Capital Improvement Costs. At the end of each fiscal year, the parties shall review the user fees generated by the Project and the maintenance expense incurred by the YMCA against the Maintenance Budget for that year. If after the completion of the Project, either party desires to make a capital improvement to the Project (i.e. the addition of a permanent structural change or the restoration of some aspect of a Project that will either enhance the Project’s overall value, prolong its useful life, or adapt it to new uses), the party desiring the capital improvement shall be responsible for the costs associated therewith, except to the extent the other party agrees, in writing, to contribute to the costs of the capital improvement.
