People Mover Construction Obligation. The Company’s liability for capital expenditures related to the automated people mover system which traverses the Project (“People Mover”) shall be limited to Fifty Million Dollars ($50,000,000), and MGM and/or MGM MIRAGE solely shall be responsible for payment of all capital expenditures related to the People Mover in excess of Fifty Million Dollars ($50,000,000).
Appears in 4 contracts
Samples: Limited Liability Company Agreement (MGM Resorts International), Limited Liability Company Agreement (MGM Resorts International), Limited Liability Company Agreement (CityCenter Holdings, LLC)
People Mover Construction Obligation. The Company’s liability for capital expenditures expenditures, which will not be included in the Construction Budget and which will not be included in determining Development Costs, related to the automated people mover system which traverses the Project (“People Mover”) shall be limited to Fifty Million Dollars ($50,000,000), and MGM and/or MGM MIRAGE solely shall be responsible for payment of all capital expenditures related to the People Mover in excess of Fifty Million Dollars ($50,000,000).
Appears in 2 contracts
Samples: Limited Liability Company Agreement (MGM Mirage), Limited Liability Company Agreement (Dubai World)
