Capital Renewal definition

Capital Renewal means component or infrastructure projects that are necessary for maintenance and continued functionality of academic buildings that are not capital construction and cannot be funded solely with major maintenance funds.

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Capital Renewal means renewal of a capital project for which an improvement is necessary to ensure the physical integrity of a facility, fixed equipment, or an existing physical improvement. It does not include preventive, routine, or operational maintenance projects related to aesthetics, daily upkeep, maintenance of surrounding grounds, or road maintenance (with the exception of park or recreation area road maintenance projects identified in the Governor’s operating or capital budgets).

Capital Renewal means works undertaken by the Landlord (the City) or the Tenant to replace an existing asset with a substantially identical new asset or current equivalent. Capital renewal by the City is determined in accordance with long- term asset management plans and based on agreed levels of service. Capital renewal by the Tenant may be accelerated prior to the City’s planned renewal schedule through the successful completion and assessment of a “Club-Funded Facility Upgrade Application” by the Tenant.

Examples of Capital Renewal in a sentence

• The Water Charge shall be sufficient to pay the Debt Service Costs, Capital Renewal and Replacement Costs, Fixed Operation and Maintenance Costs, Reserves and Variable Operation and Maintenance Costs incurred by the Cooperative in order to provide Project Water Service to the Project Participants for the upcoming Fiscal Year.

• Large scale replacement of hardscape is typically not funded through the general fund maintenance budget allocation and is provided through capital construction projects or Capital Renewal funding.

• In compliance with the approved Capital Reserve Budget, Tenant shall from time to time expend moneys from the Capital Renewal Reserve as necessary to make such approved Capital Expenditures as may be required to maintain the Improvements and Leased Property in good working order and condition and to improve, modernize or alter the Leased Property or Improvements up to the balance in the Capital Renewals Reserve.

• Landlord shall make available to Tenant the insurance proceeds required by Tenant from time to time to pay the costs of repair, rebuilding or replacement of the damaged Leased Property by deposit of such sums into the Capital Renewal Reserves account or otherwise as required by Landlord.

• In compliance with the approved Capital Reserve Budget, Lessee shall from time to time expend moneys from the Capital Renewal Reserve Account as necessary to make such approved Capital Expenditures as may be required to maintain Personal Property in good working order and condition and to improve, modernize or alter the Personal Property up to the balance in the Capital Renewals Reserve.

• Those Member Governments who are not Project Associates, who wish to become Project Participants shall, prior to the end of the fiscal year, deliver to the Project Board its Project Water Estimate and pay to the Cooperative its proportionate share of the Capital Cost, Capital Renewal and Replacement Cost, Debt Service Cost, Fixed Operation and Maintenance Costs and Reserves, incurred to date by Project Participants, as well as 7.5% of its proportionate share of such costs expended to date.

• The Cooperative shall maintain accounts and records of actual water use by the Project Participants, all revenue received from all sources to meet the cash needs of the Project and the actual Debt Service Costs, Capital Renewal and Replacement Costs, Fixed Operation and Maintenance Costs, Reserves and Variable Operation and Maintenance Costs incurred with respect to the Project.

• Lessor shall make available to Lessee the insurance proceeds required by Lessee from time to time to pay the costs of repair, rebuilding or replacement of the damaged Leased Property by deposit of such sums into the Capital Renewal Reserves account or otherwise as required by Lessor.

• To receive Project Participant status, the Project Associate shall, prior to the end of the fiscal year, deliver to the Cooperative its Project Water Estimate and pay to the Cooperative its proportionate share of theCapital Cost, Capital Renewal and Replacement Cost, Debt Service Cost Fixed Operation and Maintenance Costs and Reserves, incurred to date by Project Participants, as well as 2.5% of its proportionate share of such costs expended to date.

• The Water Charge shall be sufficient to pay the Debt Service Costs, Capital Renewal and Replacement Costs, Fixed Operation and Maintenance Costs and Variable Operation and Maintenance Costs incurred by the Project Board in order to provide Project Water Service to the Project Participants for the upcoming Fiscal Year.

More Definitions of Capital Renewal

Capital Renewal means renewal of a capital project for which an improvement is necessary to ensure the physical integrity of a facility, fixed equipment, or an existing physical improvement. It does not include preventive, routine, or operational maintenance projects related to aesthetics, daily upkeep, maintenance of surrounding grounds, or road

Capital Renewal means a controlled maintenance project of real property or more than one integrated controlled maintenance projects of real property with costs exceeding two million dollars in a fiscal year and that is more cost effective or better addressed by corrective repairs or replacement to the real property rather than by limited fixed equipment repair, replacement, or smaller individual controlled maintenance projects.

Capital Renewal means to repair, replace, or modernize basic infrastructure assets along a corridor section that is executed in accordance with a defined scope, schedule, and budget. Basic infrastructure assets include rails, ties, ballast, communication systems, signaling systems, electric traction power systems, and undergrade bridges.

Capital Renewal means as defined by W.S.