ANNUAL FACILITY UPGRADE EXPENDITURE definition

ANNUAL FACILITY UPGRADE EXPENDITURE. An aggregate annual amount equal to the product of TWO HUNDRED DOLLARS ($200) (as increased as of the first day of each Lease Year in which the Annual Facility Upgrade Expenditure is to be made by an amount equal to the product of the CPI Increase multiplied by TWO HUNDRED DOLLARS ($200)) times the number of units in the Facility, such amount to be spent on Upgrade Renovations. The term "CPI Increase" means a fraction, the numerator of which is the Price Index in effect as of the first day of the Lease Year in which the Annual Facility Upgrade Expenditure is to be made and the denominator of which is the Price Index in effect as of the date hereof. The term "Price Index" means the Consumer Price Index for Urban Wage Earners and Clerical Workers, All Items-Series A (1982- 84=100), published by the Bureau of Labor Statistics, U.S. Department of Labor. If the Bureau of Labor Statistics should cease to publish such Price Index in its present form and calculated on the present basis, then the most similar index published by the same Bureau shall be used for the same purpose. If there is no such similar index, a substitute index which is then generally recognized as being similar to such Price Index, such substitute index to be reasonably selected by Lessor. APPURTENANT AGREEMENTS: Collectively, all instruments, documents and other agreements that now or hereafter create any utility, access or other rights or appurtenances benefiting or relating to the Leased Property. AWARD: All compensation, sums or anything of value awarded, paid or received on a total or partial Condemnation.
Sample 1
ANNUAL FACILITY UPGRADE EXPENDITURE. The aggregate amount spent on Upgrade Renovations during any Lease Year. APPURTENANT AGREEMENTS: Collectively, all instruments, documents and other agreements that now or hereafter create any utility, access or other rights or appurtenances benefiting or relating to the Leased Property. AWARD: All compensation, sums or anything of value awarded, paid or received on a total or partial Condemnation.
Sample 1
ANNUAL FACILITY UPGRADE EXPENDITURE. An aggregate annual amount equal to the product of TWO HUNDRED DOLLARS ($200) (as increased as of the first day of each Lease Year in which the Annual Facility Upgrade Expenditure is to be made by an amount equal to the product of the CPI Increase multiplied by TWO HUNDRED DOLLARS ($200)) times the number of units in the Facility, such amount to be spent on Upgrade Renovations. The term "CPI Increase" means a fraction, the numerator of which is the Price Index in effect as of the first day of the Lease Year in which the Annual Facility Upgrade Expenditure is to be made and the denominator of which is the Price
Sample 1

Examples of ANNUAL FACILITY UPGRADE EXPENDITURE in a sentence

  • ANNUAL FACILITY UPGRADE EXPENDITURE: An aggregate annual amount equal to the product of TWO HUNDRED DOLLARS ($200) (as increased as of the first day of each Lease Year in which the Annual Facility Upgrade Expenditure is to be made by an amount equal to the product of the CPI Increase multiplied by TWO HUNDRED DOLLARS ($200)) times the number of units in the Facility, such amount to be spent on Upgrade Renovations.

  • ANNUAL FACILITY UPGRADE EXPENDITURE: An aggregate annual amount equal to the product of TWO HUNDRED DOLLARS ($200) (as increased as of the first day of each Lease Year in which the Annual Facility Upgrade Expenditure is to be made by an amount equal to the product of the CPI Increase multiplied by TWO HUNDRED DOLLARS ($200)) times the number of units in the Facility, such amount to be spent-on Upgrade Renovations.


More Definitions of ANNUAL FACILITY UPGRADE EXPENDITURE

ANNUAL FACILITY UPGRADE EXPENDITURE. An aggregate annual amount equal to the product of TWO HUNDRED DOLLARS ($200) (as increased as of the first day of each Lease Year in which the Annual Facility Upgrade Expenditure is to be made by an amount equal to the product of the CPI Increase multiplied by TWO HUNDRED DOLLARS ($200)) times the number of units in the Facility, such amount to be spent on Upgrade Renovations. The term "CPI Increase" means a fraction, the numerator of which
Sample 1
ANNUAL FACILITY UPGRADE EXPENDITURE. The aggregate amount spent on Upgrade Renovations during any Lease Year. APPURTENANT AGREEMENTS: Collectively, all instruments, documents and other agreements that now or hereafter create any utility, access or other rights or appurtenances benefiting or relating to the Leased Property. AWARD: All compensation, sums or anything of value awarded, paid or received on a total or partial Condemnation. BANKRUPTCY CODE: Subsection 365(h) of the United States Bankruptcy Code, 11 U.S.C. ss.365(h), as the same may hereafter be amended and including any successor provision thereto.
Sample 1
ANNUAL FACILITY UPGRADE EXPENDITURE. The aggregate amount spent on Upgrade Renovations during any Lease Year. Appurtenant Agreements: Collectively, all instruments, documents and other agreements that now or hereafter create any utility, access or other rights or appurtenances benefiting or relating to the Leased Property.
Sample 1

Related to ANNUAL FACILITY UPGRADE EXPENDITURE

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Capital Expenditure means expenditure on:

  • Eligible Expenditure means expenditure solely for the purpose of delivering the Services agreed and set out in the Appendices and Annexes of this Funding Agreement;

  • Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) included in the Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld or delayed.

  • Consolidated Maintenance Capital Expenditures means, for any period, the aggregate amount of expenditures for additions to property, plant, and equipment that are not Consolidated Expansion Capital Expenditures.

  • Net Capital Expenditures means for any period the amount by which Capital Expenditures during such period exceeds reimbursements for such items during such period from any fund established pursuant to the Loan Documents.

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Capital Expenditure Reserve means, on an annual basis, an amount equal to $0.15 per square foot for each property owned by a Borrower or the Parent (or a Subsidiary thereof).

  • Eligible Expenditures means expenditures in respect of the reasonable cost of goods, works and services required for the Project and to be financed out of the proceeds of the Loan allocated from time to time to the eligible Categories in accordance with the provisions of Schedule 1 to this Agreement; and

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • Unfinanced Capital Expenditures means, for any period, Capital Expenditures made during such period which are not financed from the proceeds of any Indebtedness (other than the Revolving Loans; it being understood and agreed that, to the extent any Capital Expenditures are financed with Revolving Loans, such Capital Expenditures shall be deemed Unfinanced Capital Expenditures).

  • Project Year means the 12 month period beginning from the Effective Date and ending 12 months thereafter and each successive 12 month period following thereafter;

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • Operating Expenditures means all Partnership Group expenditures, including, but not limited to, taxes, reimbursements of the General Partner, repayment of Working Capital Borrowings, debt service payments and capital expenditures, subject to the following:

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Credit allowance date means with respect to any qualified equity investment:

  • Non-Financed Capital Expenditures means Capital Expenditures not financed by the seller of the capital asset, by a third party lender or by means of any extension of credit by Lender other than by means of an Advance under the Revolving Credit Facility.