Approved Capital Improvements definition

Approved Capital Improvements. As defined in Article IX.

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Approved Capital Improvements means capital improvement items which are set forth in the Development Budget or are otherwise approved in advance by Lender, including without limitation Construction in connection with the Phase II Build-Out.

Approved Capital Improvements means any of the following which may be completed without Lender's consent provided Borrower satisfies the criteria set forth in Section 5.23: (a) the Approved Music Venue Construction set forth in Schedule G, (b) the Approved Digital Sign Construction set forth in Schedule G and (c) certain other Capital Expenditures with respect to any portion of the Property which cost less than $1,000,000.

Examples of Approved Capital Improvements in a sentence

All proposed Landlord Approved Capital Improvements shall be subject to Landlord’s review and approval, which approval shall not be unreasonably withheld, conditioned or delayed.
Declarant shall be permitted to adjust the price of any Unit it owns, to its detriment or benefit, for the purposes of aligning the Base Prices and current value of Approved Capital Improvements and Upgrades on similar Units and/or generally reducing the prices of the Units to make them more affordable.
The term Approved Capital Improvements and Upgrades shall mean and refer to the aggregate of the depreciated value of each capital improvement made by the Owner that Declarant approved in writing as an Approved Capital Improvement or Upgrade, not to exceed ten percent (10%) of the sale price of the Unit.
With respect to all Approved Capital Improvements and Upgrades made after January 1, 2006, Declarant, in its sole discretion, shall determine whether or not an improvement qualifies as a capital improvement and shall also determine its depreciable life.
The "Base Price" shall be the purchase price less amounts included in the purchase price that represent Approved Capital Improvements and Upgrades (as defined below).
Without limiting the foregoing, any material revisions to plans for an Approved Capital Improvement shall be subject to Lender's approval not to be unreasonably withheld, conditioned or delayed and Borrower shall not amend any plans or contracts for such Approved Capital Improvements more than once in any 30-day period.
User hereby represents and warrants to Owner that, as of the Commencement Date, User paid One Million Eight Hundred Ninety-Two Thousand Eight Hundred Thirty-Nine and 36/100 Dollars ($1,892,839.36) with respect to the Approved Capital Improvements.
If at any time the Capital Improvements Reserve Fund does not contain sufficient funds to reimburse Tenant for any Approved Capital Improvements, the City shall promptly pay to the Tenant the amount of the deficiency.
Tenant shall commence any Approved Capital Improvements pursuant to Approved Improvements Contracts promptly upon Approval thereof in accordance with Section 7.5, but in any event within ninety (90) days.
User hereby represents and warrants to Owner that, as of the date hereof, User has paid $1,892,839.36 with respect to the Approved Capital Improvements.

More Definitions of Approved Capital Improvements

Approved Capital Improvements is defined in paragraph 34(a) of this Lease.

Approved Capital Improvements means those Improvements (as defined below) made by Homeowner to the Unit or Exclusive Use Areas after the closing of the purchase of the Condominium by Homeowner, which Improvements add to the value of the Condominium by enlargement and/or quality upgrade, are cumulatively valued at not less than

Approved Capital Improvements means the documented commercially reasonable cost of extraordinary capital improvements made to the Property by the Owner; provided that the Monitoring Agent shall have given written authorization for incurring such cost prior to the cost being incurred and that the original cost of such improvements shall be discounted over the course of their useful life. Area means the Primary Metropolitan Statistical Area or non-metropolitan area that includes the Municipality, as determined by HUD, which in this case is .