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.
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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.
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Examples of Approved Capital Improvements in a sentence

  • Approved Capital Improvements, if any.The Maximum Resale Price can never be more than the amount which is affordable to an Eligible Purchaser earning 70% of the area median income, as determined by a formula set forth in the LIP Deed Rider.

  • The Resale Price Multiplier will be multiplied by the Base Income Number at the time of the Owner’s resale of the Property to determine the Maximum Resale Price on such conveyance subject to adjustment for the Resale Fee, marketing expenses and Approved Capital Improvements.

  • Your attention is drawn to the "Risk Warnings" on the relevant page below.In addition, the Fund's investments are subject to market fluctuations and the risks inherent in all investments and there can be no assurances that appreciation will occur.

  • 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.

  • Approved Capital Improvements, if any.The Maximum Resale Price can never be more than the amount which is affordable to an Eligible Purchaser earning % of the area median income, as determined by a formula set forth in the LIP Deed Rider.

  • 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).

  • Approved Capital Improvements, if any.(iv)The Maximum Resale Price can never be more than the amount which is affordable to an Eligible Purchaser earning 80% of the area median income, as determined by a formula set forth in the Deed Rider.

  • Maximum Resale Price means the sum of (A) the Base Income Number (at the time of resale) multiplied by the Resale Price Multiplier, plus (B) the Resale Fee, plus (C) Approved Capital Improvements, if applicable.

  • Approved Capital Improvements means the documented commercially reasonable cost of capital improvements made to the Property, provided that such cost is approved by the Municipality and further provided that such cost was not previously included in the calculation of the Maximum Resale Price for any prior sale of the Property.

  • Promptly following the completion of any Landlord Approved Capital Improvements only, Tenant shall deliver to Landlord “as built” drawings of such addition (or written confirmation from the relevant general contractor or architect that such Capital Improvement has been built in accordance with the plans and specifications), certified as accurate by the licensed architect or engineer selected by Tenant, and copies of any new or revised certificates of occupancy.


More Definitions of Approved Capital Improvements

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

  • Capital Improvements mean the purchase, renovation, rehabilitation, or construction of permanent land, buildings, structures, equipment and furnishings used directly for or in the Project, and any goods or services for the Project that are purchased and capitalized under GAAP, including any organizational costs and research and development costs incurred in Illinois. Capitalized lease costs for land, buildings, structures or equipment shall be included in “Capital Improvements” only if the lease term, including any extensions or options to extend, equals or exceeds the term of this Agreement, and provided that such lease costs are valued at their present value using the corporate interest rate prevailing at the time the Company filed its Application with the Department.

  • Project Improvements means site improvements and facilities that are:

  • Renovation means rehabilitation that involves costs of 75 percent or less of the value of the building before rehabilitation.

  • Plans and Specifications means the plans, drawings and specifications reasonably necessary to properly assess and review proposed Work prior to issuance of any approval that may be required under this Agreement;

  • Building, structure, facility, or installation means all of the pollutant-emitting activities which belong to the same industrial grouping, are located on one or more contiguous or adjacent properties, and are under the control of the same person (or persons under common control) except the activities of any vessel. Pollutant-emitting activities shall be considered as part of the same industrial grouping if they belong to the same major group (i.e., which have the same two-digit code) as described in the Standard Industrial Classification Manual, 1972, as amended by the 1977 Supplement (U.S. Government Printing Office stock numbers 4101-0066 and 003-005-00176-0, respectively).

  • Private Improvements means the improvements to be constructed on the Property that are not Public Improvements.