Phase II Capital Improvements Sample Clauses

Phase II Capital Improvements. Licensee shall complete the following Capital Improvements prior to the Phase II Commencement Date, with a minimum capital investment of Twenty Million Dollars ($20,000,000.00): On the Existing Licensed Premises: • Renovate the existing clubhouse. On its second floor, the existing outdoor bleachers will be removed and converted into an indoor space that will be connected to the existing clubhouse by a walkway. The new second floor space will include a new lounge/viewing area looking out to the exhibition court with an adjoining pantry, bathrooms, and a conference room. • Install new bleachers to accommodate approximately 473 people on the north side of the exhibition courts, on an existing asphalt pad, to replace the existing bleachers that are being dismantled. • Construct a new basketball court to replace an existing court to be removed. On the Expanded Licensed Premises: • The construction of 10 additional full-size tennis courts. Six shall be Deco-Turf hard courts or a Parks-approved equal and four shall be Har-Tru clay courts. • Construction of a new pre-fabricated permanent indoor metal building to house the six new Deco-Turf courts. • Construct new grade beams and install air handling equipment as needed to seasonally enclose four new Har-Tru clay courts. • Construct a new support building. The support building will house bathrooms and lounge areas with views of new courts and may include new offices and storage areas. • Construct four new U10 Learning (smaller sized) courts. • Install new landscaping including new trees and a viewing slope, which will abut the new indoor building. • Increase parking along the southern end of the site, adding 19 new spaces. Other: • Construct a connector structure to connect the existing clubhouse to the new support building for enclosed pedestrian circulation. • Any and all related project approval fees and architectural and design fees. • Procure and install capitally-eligible furniture, fixtures, and equipment, including but not limited to inflatable structures for covering tennis courts. Up to Two Million Dollars ($2,000,000.00) of such capitally-eligible furniture, fixtures, and equipment may be applied to Licensee’s minimum capital expenditure for the Phase II Capital Improvements. Upon completion of the Phase II Capital Improvements above, there will be a total of thirty (30) full-sized tennis courts (not including the U-10 courts) at the Licensed Premises, eleven (11) of which will be indoor-only courts, and...
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Related to Phase II Capital Improvements

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

  • Infrastructure Improvements The design, redevelopment and construction and completion of certain infrastructure improvements, including sewer, stormwater, electrical and water main improvements, along with other similar 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.

  • Asset Improvement 5. (a) The Bank shall not, directly or indirectly, extend or renew any credit to or for the benefit of any borrower, including any related interest of the borrower, who is obligated to the Bank in any manner on any extension of credit or portion thereof that has been charged off by the Bank or classified, in whole or in part, “loss” in the Report of Examination or in any subsequent report of examination, as long as such credit remains uncollected.

  • Site Improvements The City may require a Developer to undertake site improvements upon completion of construction. Site improvements include, but are not limited to, seeding or sodding of front yards, and 4' chain-link fencing. Said site improvements must be undertaken when seasonally appropriate. The City reserves the right to make an exception on a case-by-case basis.

  • Tenant Improvements Subject to the terms and conditions hereof, Landlord agrees, at its cost and expense to complete a “turnkey” interior build-out (“Tenant Improvements”) of the Leased Premises in accordance with the conditions stated in the Work Letter attached hereto as Exhibit C and incorporated hereby pursuant to the Approved Final Plans to be finalized and approved in accordance with the Work Letter and upon approval attached thereto. Any changes or modifications to the Approved Final Plans thereafter must be done in writing and signed by both Tenant and Landlord in accordance with the Work Letter. So long as in accordance with Article 19 of this Lease, Tenant agrees that Landlord shall be entitled to select, in its reasonable discretion and acting in good faith, all architects, engineers, contractors and material suppliers necessary to furnish the labor and materials for the construction of the Tenant Improvements. Landlord shall be the sole contracting party with respect to the employment of contractors which perform the work necessary to construct the Tenant Improvements. Tenant shall not be entitled to access to the Leased Premises prior to the Date of Substantial Completion and Tenant shall not interfere with or impair in any material way the construction of the Tenant Improvements, and any such interference or impairment shall be included within a Tenant Delay as defined in the Work Letter and shall entitle Landlord to all remedies provided herein for breach of this Lease. Prior to the Possession Date, Tenant shall not enter into any contract for construction of any improvements within the Leased Premises with any person other than Landlord without Landlord's prior written consent. Tenant, at Tenant's expense, shall obtain and maintain any and all necessary permits and licenses to enable Tenant to conduct Tenant’s Permitted Use, and the failure of Tenant to obtain or maintain same shall not in any manner affect the Tenant’s obligations hereunder. Landlord shall be solely responsible, at its cost and expense, for obtaining all permits and approvals related to the Tenant Improvements.

  • School Improvement The conditions which follow shall govern employee participation in any and all plans, programs, or projects included in the terms, site-based decision making, school improvement, effective schools as provided in Act 197, P.A. 1987 (Section 15.1919 (919b) MSA) or other similar plans:

  • EDUCATIONAL IMPROVEMENT A leave of absence without pay of up to one (1) contract year may be granted to any employee, upon application, for the purpose of engaging in study at an accredited college or university reasonably related to professional responsibilities.

  • 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.

  • School Improvement Plans The School shall develop and implement a School Improvement Plan as required by section 1002.33(9)(n), Florida Statutes and applicable State Board of Education Rules or applicable federal law.

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