Schedule of Capital Expenditures. Manager shall annually, at the time of submission of the annual Operating Budgets to the City, provide to the City a schedule of proposed capital improvements to be made at the Facilities, for the purpose of allowing the City to consider such projects and to prepare and update its long-range Capital Expenditure budgets.
Schedule of Capital Expenditures. Manager shall annually, at the time of submission of the annual Operating Budget to CRDA, provide to CRDA a schedule of proposed capital improvements to be made at the Civic Center for the next five Contract Years, for the purpose of allowing CRDA to consider such projects and to prepare and update a long-range Capital Expenditure budget. Such schedule shall take into account the recommendations in the most recent engineering and safety inspection and report provided pursuant to Section 5.09(c).
Schedule of Capital Expenditures. Manager shall annually, at the time of submission of the annual Operating Budget to the University, provide to the University a schedule of capital improvements necessary at the Facility and requiring a Capital Expenditure (as defined below), including written justification and back-up support showing the necessity of such improvements, for the purpose of allowing the University to consider for inclusion such projects in its budget for the ensuing year and to prepare and update a long-range capital expenditure budget. For purposes of this paragraph, “Capital Expenditures” shall mean all expenditures for any building additions, alterations, or improvements and for purchases of additional or replacement furniture, machinery, or equipment, where the cost of such expenditure is greater than $5,000 and the depreciable life of the applicable item is, according to generally accepted accounting principles, in excess of five (5) years.
Schedule of Capital Expenditures. Manager shall annually, at the time of submission of the annual Operating Budget to the City, provide to the City a schedule of capital improvements necessary at the Facility and requiring a Capital Expenditure (as defined below), for the purpose of allowing the City to consider for inclusion such projects in its budget for the ensuing year and to prepare and update a long-range capital expenditure budget. For purposes of this paragraph, “Capital Expenditures” shall mean all expenditures for building additions, alterations, or improvements and for purchases of additional or replacement furniture, machinery, or equipment, the depreciable life of which, according to generally accepted accounting principles, is in excess of one (1) year.
Schedule of Capital Expenditures. OVG shall annually, at the time of submission of the annual Operating Budget to Owner, provide to Owner a schedule of proposed capital improvements to be made at the Facility, for the purpose of allowing Owner to consider such projects and to prepare and update a long-range Capital Expenditure budget.
Schedule of Capital Expenditures. Section 7.01(b)(ii) of the Agreement is hereby amended by adding the following language at the end of such Section: ", together with a Schedule of Consolidated Capital Expenditures for such fiscal year satisfactory to Agent, detailing the breakdown between (A) maintenance capital expenditures in connection with the replacement or restoration of assets used in calculating the minimum fixed charge coverage ratio under Section 7.03(d), and (B) non- maintenance capital expenditures for Permitted Asset Acquisitions and other expenditures; provided that the Schedule of Consolidated Capital Expenditures for fiscal year 1999 shall not be due until May 31, 2000;"
