Responsibility for Capital Expenditures Sample Clauses

Responsibility for Capital Expenditures. Excluding the State’s Investment and Manager’s Investment, Manager shall be solely responsible for funding all Capital Expenditures, but Manager shall not be required to incur any Capital Expenditure except to the extent funds are available for such purpose in the Capital Reserve Fund. Capital Expenditures shall be funded first from the Capital Reserve Fund, and second, if the balance of the Capital Reserve Fund is insufficient shall be an Operating Expense and may, at the option of Manager, reduce its obligation to fund future Capital Contributions pursuant to Section 7.04; provided, however, Manager shall be under no obligation to make any Capital Expenditures if the balance of the Capital Reserve Fund is insufficient to cover the cost thereof. Notwithstanding the foregoing, CRDA shall have the right (but not the obligation), upon notice to Manager and at the cost of CRDA, to make Capital Expenditures at the Civic Center.
Sample 1
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Responsibility for Capital Expenditures. The North Shore Fire Department shall be responsible for the financing of repair, maintenance and renewal of apparatus and vehicles owned by the North Shore Fire Department. Expenditures for repair and renovation of structural parts of buildings shall be the responsibility of the owner unless otherwise agreed upon under limitations f paragraph 5, provided that at the request of the Board of Directors, the Board of Directors may recommend joint financing for any capital expenditure authorized hereunder.
Sample 1
Responsibility for Capital Expenditures. The University shall be solely responsible for all Capital Expenditures at the Facility; provided, however, the University shall be under no obligation to make such Capital Expenditures. Manager's failure to list particular items or projects in the schedule referenced in Section 13.1 above shall not be deemed a waiver of University's responsibility to make such Capital Expenditures. Notwithstanding the foregoing, Manager shall have the right to make Capital Expenditures at the Facility for Emergency Repairs (defined as the repair of a condition which, if not performed immediately, creates an imminent danger to persons or property and/or an unsafe condition at the Facility threatening persons or property), and shall be promptly reimbursed by the University for any such expenditures.
Sample 1
Responsibility for Capital Expenditures. The City shall be solely responsible for all Capital Expenditures at the Facility; provided, however, the City shall be under no obligation to make such Capital Expenditures. Manager's failure to list particular items or projects in the schedule referenced in Section 12.1 above shall not be deemed a waiver of City's responsibility to make such Capital Expenditures. Manager shall have the right to make any Capital Expenditure at the Facility it deems necessary and shall be reimbursed from the City; provided, however, Manager shall obtain the prior approval of the City in the event any such Capital Expenditure is greater than Ten Thousand Dollars ($10,000.00).
Sample 1
Responsibility for Capital Expenditures. Owner shall be solely responsible for all Capital Expenditures at the Facility; provided, however, Owner shall be under no obligation to make any Capital Expenditures proposed by OVG, and provided further that OVG shall have no liability for any claims, costs, or damages arising out of a failure by Owner to make any Capital Expenditures. Notwithstanding the foregoing, OVG shall have the right (but not the obligation), upon notice to Owner, to make Capital Expenditures at the Facility for Emergency Repairs. In such event, Owner shall reimburse OVG for the cost of such Emergency Repair/Capital Expenditure within 30 days of Owner’s receipt of the invoice and other supporting documentation (as may be reasonably requested by Owner) from OVG. The Owner shall reimburse OVG for the full amount of the repair for repairs over $5,000 and under $50,000. Any repair, whether an Emergency Repair or otherwise, which exceeds or is reasonably anticipated to exceed $50,000 must be approved by Owner, which approval shall not be unreasonably withheld or delayed.
Sample 1
Responsibility for Capital Expenditures. The City shall be solely responsible for all Capital Expenditures at the Facilities; provided however, the City shall be under no obligation to make any such Capital Expenditures.
Sample 1
Responsibility for Capital Expenditures. The City shall be solely responsible for all Capital Expenditures at the Facilities; provided, however, the City shall be under no obligation to make any Capital Expenditures proposed by Manager, and provided further that Manager shall have no liability for any claims, costs or damages arising out of a failure by the City to make any Capital Expenditures. Notwithstanding the foregoing, Manager shall have the right (but not the obligation), upon notice to the City, to make Capital Expenditures at the Facilities for Emergency Repairs. In such event, the City shall promptly reimburse Manager for the cost of such Capital Expenditure.
Sample 1
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Responsibility for Capital Expenditures. Manager shall be solely responsible for procurement and management of all work comprising Capital Expenditures hereunder (not including major additions/renovations to the Facility). The City shall be solely responsible for funding all such Capital Expenditures. Manager shall be under no obligation to make any Capital Expenditures not previously approved and funded by the City. Manager shall have no liability for any claims, costs or damages arising out of a failure by the City to provide funding for any Capital Expenditure requests. Manager shall have the right (but not the obligation), upon notice to the City, to make Capital Expenditures at the Facility for Emergency Repairs and, in such event, the City shall promptly reimburse Manager for the cost of such Capital Expenditure.
Sample 1
Responsibility for Capital Expenditures. The Owner shall be solely responsible for all Capital Expenditures at the Facility; provided, however, the Owner shall be under no obligation to make any Capital Expenditures proposed by Manager, and provided further that Manager shall have no liability for any claims, costs or damages arising out of a failure by the Owner to make any Capital Expenditures. Notwithstanding the foregoing, Manager shall have the right (but not the obligation), upon notice to the Owner, to make Capital Expenditures at the Facility for Emergency Repairs. If Manager believes, in its reasonable opinion, that there is adequate time to seek emergency approval to make a Capital Expenditure for an Emergency Repair, Manager shall seek such approval prior to making the Emergency Repair. The Owner shall promptly reimburse Manager for the cost of any Capital Expenditure made by Manager.
Sample 1

Related to Responsibility for Capital Expenditures

  • Responsibility for Property Lessor is not responsible for any damage to or loss of Renter’s or anyone else’s property.

  • Responsibility for Costs The Servicer is responsible for collection from such Borrower of any recording or similar costs or expenses incidental to the granting of relief with respect to a delinquent Mortgage Loan.

  • Responsibility for Payment The Company shall not be responsible for the payment of time used by an employee in the investigation and settlement of a grievance.

  • Responsibility for Loss In the event the Computer is lost or stolen, the Student and Parent may be billed the full cost of replacement.

  • Responsibility for Taxes This provision replaces paragraph 6 of the Award Agreement (except if the Participant is subject to the short-swing profit rules of Section 16(b) of the Securities Exchange Act of 1934, as amended). The Participant acknowledges that, regardless of any action taken by the Company or, if different, the Subsidiary that employs the Participant (the “Employer”), the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to the Participant’s participation in the Plan and legally applicable to the Participant (“Tax-Related Items”) is and remains the Participant’s responsibility and may exceed the amount actually withheld by the Company or the Employer. The Participant further acknowledges that the Company and/or the Employer (a) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of these Special Retention Awards, including, but not limited to, the grant, vesting or settlement of Special Retention Awards, the subsequent sale of Shares acquired pursuant to the Special Retention Award and the receipt of any dividends or dividend equivalents; and (b) do not commit to and are under no obligation to structure the terms of the Special Retention Awards or any aspect of the Special Retention Awards to reduce or eliminate the Participant’s liability for Tax-Related Items or achieve any particular tax result. The Participant shall not make any claim against the Company, the Employer or any other Subsidiary, or their respective board, officers or employees related to Tax-Related Items arising from this Award. Furthermore, if the Participant has become subject to tax in more than one jurisdiction, the Participant acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. Prior to any relevant taxable or tax withholding event, as applicable, the Participant will pay or make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, the Participant authorizes the Company and/or the Employer, or their respective agents, at their discretion, to satisfy their withholding obligations with regard to all Tax-Related Items by: (i) requiring a cash payment from the Participant; (ii) withholding from the Participant’s wages or other cash compensation paid to the Participant by the Company and/or the Employer, (iii) withholding from the proceeds of the sale of Shares acquired pursuant to the Special Retention Awards, either through a voluntary sale or through a mandatory sale arranged by the Company (on the Participant’s behalf pursuant to this authorization without further consent); and/or (iv) withholding from the Shares subject to Special Retention Awards. Depending on the withholding method, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding rates or other applicable withholding rates, including maximum applicable rates, in which case the Participant may receive a refund of any over-withheld amount in cash (with no entitlement to the Share equivalent) or, if not refunded, the Participant may seek a refund from the local tax authorities. If the obligation for Tax-Related Items is satisfied by withholding in Shares, the Participant is deemed, for tax purposes, to have been issued the full number of Shares subject to the vested Special Retention Awards, notwithstanding that a number of the Shares is held back solely for the purpose of paying the Tax-Related Items. Finally, the Participant shall pay to the Company and/or the Employer any amount of Tax-Related Items that the Company and/or the Employer may be required to withhold or account for as a result of the Participant’s participation in the Plan that cannot be satisfied by the means previously described. The Company may refuse to issue or deliver the Shares or the proceeds of the sale of Shares if the Participant fails to comply with his or her obligations in connection with the Tax-Related Items.

  • Management Responsibilities The exclusive representative recognizes the right and obligation of the School Board to efficiently manage and conduct the operation of the School District within its legal limitations and with its primary obligation to provide educational opportunity for the students of the School District.

  • Consultant Responsibilities 12.1. Consultant must make prompt payment for any claims for labor, materials, or services furnished to Consultant by any person in connection with this Agreement as such claims become due. Consultant shall not permit any liens or claims to be filed or prosecuted against the City on account of any labor or material furnished to or on behalf of Consultant. If Consultant fails, neglects, or refuses to make prompt payment of any such claim, the City may, but shall not be obligated to, pay such claim to the person furnishing the labor, materials, or services and offset the amount of the payment against funds due or to become due to Consultant under this Agreement. The City may also recover any such amounts directly from Consultant.

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