Capital Work. The Fair Board shall establish and maintain a depository account to be designated the “Capital Projects Fund” (the “Capital Projects Fund”) to be used exclusively to fund expenses incurred in connection with Capital Work. Amounts remaining in the Capital Projects Fund upon termination of this Lease shall remain the property of the Fair Board, and Bristol shall not have any right or claim thereto.
Capital Work. With respect to Capital Work:
Capital Work. 7.5.1 Subject to Section 7.4 and subject to Governmental Rule (including any GWCCA policies that are generally applicable to the entire GWCCA Campus), Licensee shall be responsible and will manage all processes for all Capital Work (subject to inspection by Licensor). Licensee will be required to fund all Capital Work costs necessary to satisfy the QOS or that are otherwise approved by Licensee and Licensor in excess of then-available reserves in the Renewal and Extension Account and the Surplus Account.
Capital Work. Seller is in the process of completing certain capital repairs, replacements and improvements to the Real Property as described in Exhibit 4.5. If such work is not completed by the Closing, Seller shall credit Purchaser with all amounts remaining, as of Closing, to be paid under any and all contracts for such work (including change orders approved as of Closing) and Seller shall assign to Purchaser and Purchaser shall assume all contracts and remaining obligations with respect thereto. Purchaser hereby agrees with Seller that Purchaser, at its cost, shall assume all such contracts in connection with the Closing in the Assignment and Assumption of Contracts, Warranties and Guarantees attached to this Agreement as Exhibit 9.2.5 (the "Assignment and Assumption of Contracts") and promptly complete after Closing the remaining work in accordance with the scope of work and plans therefor in effect at Closing. The amount being credited to Purchaser hereunder includes a construction contingency as set forth on Exhibit 4.5. The unused portion of such contingency shall be repaid to Seller promptly after completion of and final payment for each respective capital project. Purchaser shall provide Seller with detailed back-up reasonably requested by Seller which establishes the utilization of any contingency. In addition, Seller reserves the right to construct, at its expense, security desks in the building lobbies based upon plans submitted by Seller to Purchaser for Purchaser's consent, which consent shall not be unreasonably withheld or delayed. The provisions of this paragraph shall survive Closing.
Capital Work. 8.16.1 Seller agrees that it will cause the work described on Schedule 8.16 hereof (the “2006 Capital Work”) to be performed with respect to the Hotel in the Ordinary Course of Business consistent with Seller’s schedule therefor; provided, however, that in the event that the 2006 Capital Work is not completed prior to Closing, then Purchaser and Seller shall, prior to Closing, reasonably cooperate with each other in furtherance of transitioning responsibility for the portion of the 2006 Capital Work that will not be completed as of Closing from Seller to Purchaser in a manner mutually acceptable to Purchaser and Seller, which includes arrangements pursuant to which (i) Seller shall pay for all 2006 Capital Work completed prior to Closing, (ii) the construction contracts pertaining to the 2006 Capital Work will, as of the Closing Date, be assigned by Seller to Purchaser and assumed by Purchaser from Seller and (iii) Purchaser shall pay for all 2006 Capital Work performed after Closing, provided, however, that in the event that the amounts set forth on Schedule 8.16 in the “committed unpaid” column exceed $550,000 on the Closing Date, Purchaser shall receive a credit to the Purchase Price equal to the amount in excess of $550,000. On the Closing Date, Seller shall assign to Purchaser all assignable warranties from the contractors pertaining to the 2006 Capital Work. The provisions of this Section 8.16.1 shall survive Closing.
Capital Work. Cap. -------------------- ------------ ---------- Two tuna seiners $25,000,000 $ 6,000,000 Two factory trawlers $40,000,000 $ 9,000,000 Tuna cannery $18,000,000 $20,000,000 ----------- ----------- $83,000,000 $35,000,000
Capital Work. Cap. ------------ ---------- Sakoba prawn farm $40,000,000 $5,000,000 Ten mini prawn farms $50,000,000 $12,000,000 ----------- ----------- $90,000,000 $17,000,000 ----------- ----------- ----------- -----------
Capital Work. Seller acknowledges that the Purchase Price includes the cost, as reasonable estimated by Seller, to complete certain capital repairs, replacements and improvements at certain of the Properties (collectively, the “Capital Work”) and that Seller may not complete construction of all of the Capital Work prior to Closing. At Closing, Seller shall deliver to Purchaser a schedule of all incomplete Capital Work (collectively, the “Incomplete Capital Work”), which Seller and Purchaser shall append as Exhibit S hereto. As expeditiously as practicable following Closing, Seller shall complete all Incomplete Capital Work in a good and workmanlike manner at Seller’s sole cost and expense. The provisions of this Section 34 shall survive Closing and the delivery of the Deeds and Assignments, and shall survive the expiration or earlier termination of this Agreement.
Capital Work. (a) Purchaser acknowledges that, for purposes of calculating the Allocated Purchase Prices for the Properties, the definition of Capital Work was expanded to include certain work which otherwise would not have been considered Capital Work under the Purchase Agreement.
Capital Work
