Common use of Capital Replacements Clause in Contracts

Capital Replacements. The cost of all Capital Replacements in an Approved Budget shall be funded by Licensee. Funding will be made by Licensee from time to time, after receipt by Licensee of such information from Manager regarding the acquisition, initiation or implementation of any Capital Replacements and the progress and performance thereof as Licensee may reasonably require.

Capital Replacements. The cost of all Capital Replacements in an Approved Budget shall be funded by LicenseeOwner. Funding will be made by Licensee Owner from time to time, after receipt by Licensee Owner of such information from Manager regarding the acquisition, initiation or implementation of any Capital Replacements and the progress and performance thereof as Licensee Owner may reasonably require.