Capital Improvements definition

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.

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Capital Improvements will mean all expenditures for replacements, substitutions and additions to Hotels and Hotel FF&E which are required to be capitalized in accordance with generally accepted accounting principles.

Capital Improvements means capital improvements, repairs or alterations, fixtures, equipment and other capital items (whether paid in cash or property or accrued as liabilities) made by the Asset Entities.

Examples of Capital Improvements in a sentence

• Acre and Property Manager will use reasonable efforts to perform such Capital Improvements in a manner that, to the extent reasonably possible, does not severely negatively impact normal use and occupancy of the Residence.

• Property Manager will give Resident prior notice (except in the case of emergency when no prior notice will be required) of commencement of any Capital Improvements.

• Examples of Capital Improvements include, by way of illustration only, replacing the Residence’s roof, driveway paving, HVAC system, or water heater, in each case when the typical useful life of such item has expired due to normal wear and tear.

• In addition, Acre or Property Manager will, as such parties deem reasonably necessary in their discretion, perform Capital Improvements to the Residence.

More Definitions of Capital Improvements

Capital Improvements means improvements with a useful life of five years or more, by new construction or other action, which increase or increased the service capacity of a public facility.

Capital Improvements means the acquisition of land, easements, facilities, and equipment (other than ordinary repairs and replacements), and those property improvements or any combination of property improvements which will constitute enlargements, extensions or betterments to the System and will be incorporated into the System.

Capital Improvements means additions to properties or renovations or refurbishing of properties which are designed to substantially upgrade such properties or significantly modernize the operation thereof.

Capital Improvements shall have the meaning provided in Section 11.09.

Capital Improvements means improvements to the real property that must be newly constructed or replaced as a condition of approval to convert spaces within an RV park to permanent occupancy pursuant to this section. "Capital Improvements" does not include routine maintenance or repairs.

Capital Improvements means the purchase, renovation,

Capital Improvements means, other than Capital Repairs, new capital items, features, components, and other elements of the Stadium and Improvements not included in the construction of the Stadium and the Improvements as the same are constructed in accordance with the Development Agreement and any associated capital repairs and replacements of such new capital items, features, components and other elements.