Common use of Compliance with Capital Renewals Budget Clause in Contracts

Compliance with Capital Renewals Budget. Manager shall at all times comply with the applicable Capital Renewals Budget as directed by Lessee, and shall not deviate in any substantial respect therefrom without the prior written consent of the Lessee. Notwithstanding the foregoing, Manager shall be entitled to make additional expenditures not authorized under the then applicable Capital Renewals Budget in case of emergencies arising out of fire or any other like or unlike casualty, or in order to comply with any applicable Legal Requirements. Manager will promptly notify Lessee of any expenditures not authorized under the then applicable Capital Renewals Budget.

Compliance with Capital Renewals Budget. Manager shall at all times comply with the applicable Capital Renewals Budget as directed by LesseeOwner, and shall not deviate in any substantial respect therefrom without the prior written consent of the LesseeOwner. Notwithstanding the foregoing, Manager shall be entitled to make additional expenditures not authorized under the then applicable Capital Renewals Budget in case of emergencies arising out of fire or any other like or unlike casualty, or in order to comply with any applicable Legal Requirements. Manager will promptly notify Lessee Owner of any expenditures not authorized under the then applicable Capital Renewals Budget.