Financing Capital Improvements/Liens Sample Clauses

Financing Capital Improvements/Liens. If Lessee decides to finance a Sublessee’s construction costs for the Capital Improvements, Renovations, Refurbishments or other finish-out or repair costs, Lessee shall not be entitled to deduct any costs or expenses it incurs in connection with any such financing or undertakings from Sublessee Rentals, nor shall interest earned and/or principal payments from such financing be included in Sublessee Rentals. The Capital Improvements, upon termination of the Contract, shall immediately become the property of the Administration, free and clear of any liens or encumbrances whatsoever. Lessee agrees that any contract for construction, alteration or repairing of the Capital Improvements or Leased Premises or for the purchase of material to be used, or for work and labor to be performed in or on the Leased Premises, shall be in writing and shall contain provisions to protect the Administration from the claims of any laborers, subcontractors or materialmen against the Leased Premises or Capital Improvements. Lessee agrees to give the Administration immediate written notice of the placing of any lien or encumbrance against the Leased Premises or the Terminal and further agrees to extinguish such lien in accordance with Article XV.D of this Contract.
Sample 1
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Related to Financing Capital Improvements/Liens

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

  • Project Financing B.1. The Foundation hereby agrees to fund, by Conditional Grant, the implementation of the Proposal in the maximum sum of $ or 50% of the actual expenditures on the Project, as contemplated in the Approved Project Budget, whichever is less, and at the times and as may otherwise be set forth in Annex B hereto.

  • FISCAL IMPACT/FINANCING There will be no impact to the County General Fund.

  • ENCROACHMENT/ACQUISITION The Assignee/Bank has no notice or knowledge of any encroachment or that the Government or any other authority has any immediate intention of acquiring the whole or any part of the Property for roads or any other improvement schemes and if such encroachment shall be found to exist or if the Government or any local authority has any such intention, the same shall not annul the sale or shall any abatement or compensation be allowed in respect thereof.

  • Seller Financing Seller agrees to provide financing to the Buyer under the following terms and conditions:

  • Access to Property, Property’s Management, Property Lender, and Property Tenants Potential Investor agrees to not seek to gain access to any non-public areas of the Property or communicate with Property’s management employees, the holder of any financing encumbering the Property, the Property’s tenants, and the Owner’s partners in the ownership of the Property, without the prior consent of Owner or HFF, which consent may be withheld in the Owner’s sole discretion.

  • Equipment and Property A. The Grantee must ensure equipment with a per-unit cost of $5,000 or greater purchased with grant funds under this award is used solely for the purpose of this Grant or is properly pro-rated for use under this Grant. Grantee must have control systems to prevent loss, damage, or theft of property funded under this Grant. Grantee shall maintain equipment management and inventory procedures for equipment, whether acquired in part or whole with grant funds, until disposition occurs.

  • Capital Expenditures The Issuer shall not make any expenditure (by long-term or operating lease or otherwise) for capital assets (either realty or personalty).

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