Capital Maintenance Costs definition
Examples of Capital Maintenance Costs in a sentence
Except for Capital Maintenance Costs as expressly provided in Article V or Article VI, this is a net lease and Lessor shall not at any time be required to pay any amounts to any utility charges or any costs associated with the maintenance, repair, alteration or improvement of the Premises, the RDU Assets or to provide any services or do any act or thing with respect to the Premises, the RDU Assets or any part thereof or any appurtenances thereto.
Lessee shall promptly pay the entire cost of any such change, addition or improvement; provided, however, that Lessor shall reimburse Lessee for the amount of such costs, if any, that constitute Capital Maintenance Costs.
Notwithstanding the foregoing, Lessor shall remain responsible for all Capital Maintenance Costs in respect of the RDU Assets and the Premises, and any such Capital Maintenance Costs incurred by Lessee pursuant to this Asset Lease shall be reimbursed by Lessor.