Common use of Minimum Qualified Capital Expenditures Clause in Contracts

Minimum Qualified Capital Expenditures. Each Lease Year Lessee shall expend with respect to each Facility at least Four Hundred Dollars ($400) per-licensed-bed for Qualified Capital Expenditures to improve the Facilities, which amount shall be increased each Lease Year, beginning with the second Lease Year, in proportion to increases in the CPI. At least annually, at the request of Lessor, Lessor and Lessee shall review capital expenditures budgets and agree on modifications, if any, required by changed circumstances and the changed conditions of the Leased Properties.

Minimum Qualified Capital Expenditures. Each Lease Year Lessee shall expend with respect to each Facility at least Four Three Hundred Dollars ($400300) per-licensed-bed for Qualified Capital Expenditures to improve the Facilities, which amount shall be increased each Lease Year, beginning with the second Lease Year, in proportion by the lesser of (i) the proportionate to increases in the CPI. At least annually, at the request of Lessor, Lessor CPI (expressed as a percentage) or (ii) two and Lessee shall review capital expenditures budgets and agree on modifications, if any, required by changed circumstances and the changed conditions of the Leased Propertiesone half percent (2.5%).

Minimum Qualified Capital Expenditures. Each Lease Year Lessee shall ----------------------------------------- expend with respect to each Facility at least Four Three Hundred Dollars ($400300) per-licensed-bed licensed unit in the Facility for Qualified Capital Expenditures to improve the FacilitiesFacility, which amount shall be increased each Lease Year, beginning with the second Lease Year, in proportion to increases in the CPI. At least annually, at the request of Lessor, Lessor and Lessee shall review capital expenditures budgets and agree on modifications, if any, required by changed circumstances and the changed conditions of the Leased PropertiesProperty.