Capital Maintenance definition

Capital Maintenance means maintenance or rehabilitation performed either (i) to extend the useful life of a facility, system, or component, or (ii) to restore a Public-Private Facility to the condition required upon expiration of the Public-Private Agreement.

Capital Maintenance. Contract or CMC means the Capital Maintenance Agreement and these CMA General Conditions, including all exhibits attached hereto, as such may be amended, supplemented, amended and restated or otherwise modified from time to time in accordance with the terms of the CMC.

Capital Maintenance means as defined in N.J.A.C. 6A:[26A-1.3]26-1.2.

Examples of Capital Maintenance in a sentence

• The City shall deposit annually a sum not less than Three Hundred Thousand Dollars ($300,000) (the “Maintenance Contribution”) into the Capital Maintenance Fund.

• During any calendar year in which the City’s Capital Maintenance Fund balance reaches or exceeds One Million Two Hundred Thousand Dollars ($1,200,000)5, such excess may, in the sole discretion of the City, be applied to the City’s Maintenance Obligations, the City’s Venue operating expenses, or such other Venue Area capital improvements as the City deems appropriate.

• Under the recommendation of the Board of Advisors, such Capital Maintenance Fund shall be used for the City Maintenance Obligations or other capital improvements.

• The Annual Maintenance Budget shall be developed using (but not controlled by) the Capital Maintenance Schedule, but may be altered with consent of both BallCorps and the City Council.

• In 2025, the City and BallCorps shall promptly develop a long-term Capital Maintenance Schedule (the “Capital Maintenance Schedule”) based on the maintenance plan prepared and developed by the Venue architect, Populous.

More Definitions of Capital Maintenance

Capital Maintenance means maintenance intended to extend the useful life of a school facility, including upgrades and replacements of building systems, such as structure, enclosure, mechanical, plumbing and electrical systems, and can be considered to constitute or be part of a school facilities project.

Capital Maintenance means as defined in N.J.A.C. 6A:26-1.2. "Capital outlay" means capital outlay as defined in GAAP. "Capital project" means as defined in N.J.A.C. 6A:26-1.2.

Capital Maintenance means maintenance or rehabilitation

Capital Maintenance means maintenance intended to extend the useful life of a school facility, including upgrades and replacements of building systems, such as structure, enclosure,

Capital Maintenance means in relation to public transportation projects, the direct cost of any work necessary for preserving or maintaining the useful life of public transportation projects, provided the work is associated with the acquisition, installation and rehabilitation of components which are not included in the normal operating maintenance of equipment and facilities or replaced on a scheduled basis. The work shall ensure the useful life of the project for not less than five years.

Capital Maintenance means those certain repairs and improvements to the Premises, consistent with then-existing industry standards for “Class A” commercial properties in Downtown Dallas, that the parties mutually determine would increase the capacity or operating efficiency of an asset, are substantial, and would be treated as a capital item and not as an expense under generally accepted accounting principles. The City and CARA MIA shall coordinate and cooperate to minimize disruption of the Premises programming and events while avoiding additional cost or delays to the Capital Maintenance.

Capital Maintenance means certain repairs, long-term maintenance, or other capital expenditures identified in a Capital Maintenance Schedule developed by the City and Astros and attached as an Exhibit to the Definitive Agreement.