Definition of Approved Capital Improvements and Upgrades Sample Clauses

Definition of Approved Capital Improvements and Upgrades. (A) Approved Capital Improvements and Upgrades made on or before January 25, 1987, shall be any fully substantiated and reasonable costs of substantial capital improvements made by prior or current Owners to the subject Unit with the prior written approval of Declarant and the Board and in accordance with all relevant provisions of this Declaration (in any event, in the aggregate for any Owner, not to exceed 10% of the sales price of the Unit), plus, those expenditures (up to a maximum of $20,000) made by the initial purchaser or Declarant for upgrading of carpets, cabinets, drapes, wall covering, built in appliances, air conditioning equipment, solar heating equipment and other similar items in connection with decorating, equipping and finishing the Unit.
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Definition of Approved Capital Improvements and Upgrades. The term Approved Capital Improvements and Upgrades shall mean and refer to the aggregate of the depreciated value of each capital improvement made by the Owner that Declarant approved in writing as an Approved Capital Improvement or Upgrade, not to exceed ten percent (10%) of the sale price of the Unit. Declarant, in its sole discretion, shall determine whether or not an improvement qualifies as a capital improvement and shall also determine its depreciable life. All depreciation shall be calculated on a straight-line basis. Such improvements and upgrades shall not be considered "approved" unless Declarant in its sole discretion determines in writing that the proposed capital improvement or upgrade enhances the marketability of the Unit and qualifies for credit under the Capital Improvement and Upgrade schedule established and maintained by Declarant. The Capital Improvement and Upgrade schedule shall set limits and controls as to the type, timing and availability of Capital Improvements and Upgrades credits available for each Condominium Unit for purposes of maintaining affordability of the Units. Declarant may modify such schedule from time to time in its sole discretion. An Owner or prospective purchaser of a Unit may obtain a copy of the schedule from Declarant upon written request. In addition to all other approval requirements contained in the Declaration, for the purpose of determining whether an improvement or upgrade shall be an Approved Capital Improvement or Upgrade (for inclusion in the value of the Condominium), each capital improvement or upgrade intended to be made by an Owner must be approved in writing by the Declarant prior to the commencement of construction or installation of such Approved Capital Improvement or Upgrade upon not less than thirty (30) days advance notice to the Declarant.

Related to Definition of Approved Capital Improvements and Upgrades

  • Early Construction of Base Case Facilities Developer may request Connecting Transmission Owner to construct, and Connecting Transmission Owner shall construct, subject to a binding cost allocation agreement reached in accordance with Attachment S to the ISO OATT, including Section 25.8.7 thereof, using Reasonable Efforts to accommodate Developer’s In-Service Date, all or any portion of any System Upgrade Facilities or System Deliverability Upgrades required for Developer to be interconnected to the New York State Transmission System which are included in the Base Case of the Class Year Study for the Developer, and which also are required to be constructed for another Developer, but where such construction is not scheduled to be completed in time to achieve Developer’s In-Service Date.

  • Capital Improvements The Department has identified the following possible opportunities for Capital Improvements:

  • Notice to Proceed - Site Improvements The Recipient shall not commence, or cause to be commenced, any site improvements or other work on the Land until the Director has issued a Notice to Proceed to the Recipient. Such Notice to Proceed will not be issued until the Director is assured that the Recipient has complied with all requirements for the approval of a grant under Revised Code Sections 164.20 through 164.27 and has completed any land acquisition required by the Project. A Notice to Proceed shall be required for all Project prime contractors or direct procurement initiated by the Recipient following execution of this Agreement.

  • Construction of Public Improvements a. Upon satisfaction of the conditions set forth in Paragraph 2.1 and the notice requirement set forth below, Developer shall construct the Public Improvements at its own expense in accordance with this Agreement, the Final Plat, the Resolution, the Civil Engineering Construction Plans, the Town’s ordinances, resolutions and regulations and all other applicable laws and regulations. All Public Improvements shall be installed and constructed within the rights- of-way or easements dedicated to the Town. Unless otherwise approved by the Town in writing, all materials used for constructing the Public Improvements shall be materials set forth on the Town’s approved material list. Workmanship and materials shall be of good quality.

  • Construction of Improvements (A) Lessee warrants and agrees that the Building will be constructed on the Leased Premises, and all other improvements to the land, including the parking lot, approaches, and service areas, will be constructed in all material respects by Lessee substantially in accordance with the plot, plans, and specifications heretofore submitted to Lessor.

  • Selection of Subcontractors, Procurement of Materials and Leasing of Equipment The contractor shall not discriminate on the grounds of race, color, religion, sex, national origin, age or disability in the selection and retention of subcontractors, including procurement of materials and leases of equipment. The contractor shall take all necessary and reasonable steps to ensure nondiscrimination in the administration of this contract.

  • ALTERATIONS & IMPROVEMENTS Tenant shall not make any alterations, additions or improvements or do any type of construction to the Property without first obtaining Landlord's written consent. Unless prior written agreement is reached between Tenant and Landlord, any such alterations, additions, improvements or construction shall become part of the Property and shall remain at the expiration of Tenant's Lease term. If Landlord approves of alterations, additions, improvements or construction in writing and Tenant intends to use contractors to undertake such work, the contractors must first be approved in writing by Landlord. Tenant must also place any funds to cover the amount of any alterations, additions, improvements or construction in an escrow account approved by Landlord before the commencement of the work. Landlord shall designate the times and manner of the work being done, exclusively.

  • Interconnection Facilities Engineering Procurement and Construction Interconnection Facilities, Network Upgrades, and Distribution Upgrades shall be studied, designed, and constructed pursuant to Good Utility Practice. Such studies, design and construction shall be based on the assumed accuracy and completeness of all technical information received by the Participating TO and the CAISO from the Interconnection Customer associated with interconnecting the Large Generating Facility.

  • MAINTENANCE OF CONCESSION PREMISES A. Concessionaire shall preserve and maintain the Concession Premises in good and clean condition, reasonable wear and tear excepted. Concessionaire is solely responsible for the maintenance and cleanliness of the Concession Premises.

  • CONSTRUCTION AND RENOVATION Construction of academic or residential buildings on the UC Berkeley campus may be scheduled for the term of this Lease in the vicinity of the apartments. Capital improvement and other major housing construction or repair projects will necessarily cause increased noise and dust in affected and nearby residences at certain times. There is the possibility of both planned and unplanned utility shutdowns and access to certain facilities, streets, parking lots, walking, and bike pathways may be limited, rerouted, or completely restricted. The University will work with building contractors to make every effort to minimize construction inconveniences. By agreeing to this Lease Agreement, the Resident acknowledges notice of the possibility of scheduled construction and access limitations, and acknowledges that there will be disturbances, disruptions, and inconveniences resulting from such constructions and has agreed to such. The Resident also acknowledges that increased noise, dust, potential reassignment, or loss of parking spaces related to construction or renovation are not grounds for cancellation or termination of this Lease.

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