Common use of Capital Needs Assessment Clause in Contracts

Capital Needs Assessment. Borrower must deliver to OCII or the City an updated CNA ten years after the Completion Date and every five (5) years thereafter for approval. The updated CNA must include an analysis of Borrower's actual expenditures for capital needs compared to the most recently approved CNA, Borrower's 20-Year Proforma (Exhibit C-3) and initial Annual Operating Budget (Exhibit C-2)and its then-current Annual Operating Budget.

Capital Needs Assessment. Borrower must deliver to OCII or the City for review and approval an updated CNA ten years after on or before the tenth (10th) anniversary of the Completion Date Date, and every five (5) years thereafter for approvalthereafter. The updated CNA must include an analysis of Borrower's actual expenditures for capital needs compared to the most recently approved CNA, Borrower's 20-Year Proforma (Exhibit C-3) and initial Annual Operating Budget (Exhibit C-2)and and its then-current Annual Operating Budget.

Capital Needs Assessment. Borrower must deliver to OCII or the City an updated CNA every ten (10) years after the Completion Date and every five (5) years thereafter for approval. The updated CNA must include an analysis of Borrower's actual expenditures for capital needs compared to the most recently approved CNA, BorrowerXxxxxxxx's 20-Year Proforma (Exhibit C-3) and initial Annual Operating Budget (Exhibit C-2)and and its then-then- current Annual Operating Budget.

Capital Needs Assessment. Borrower must deliver to OCII or the City an updated CNA every ten (10) years after the Completion Date and every five (5) years thereafter for approval. The updated CNA must include an analysis of Borrower's actual expenditures for capital needs compared to the most recently approved CNA, Borrower's 20-Year Proforma (Exhibit C-3) and initial Annual Operating Budget (Exhibit C-2)and and its then-then- current Annual Operating Budget.