Capital Renewals definition

Capital Renewals means a collective term for (a) normal capital replacements of, or additions to, FF&E, and (b) special projects designed to maintain the Hotel in a first-class condition in accordance with the standards contemplated by this Agreement, including without limitation, renovation of the guest room areas, public space, food and beverage facilities, or back of the house areas, which projects will generally comprise replacements of, or additions to, FF&E, but may include revisions and alterations to the Hotel; most of the expenditures for such special projects will be capitalized, but a portion thereof may be currently expended, such as the purchase of smaller items of FF&E, or expenditures which are ancillary to the overall project but which are properly chargeable to “Property Operations and Maintenance” under the Uniform System.
Sample 1Sample 2Sample 3
Capital Renewals means a collective term for (a) normal capital replacements of, or additions to, FFE, and (b) special projects designed to maintain the Arena in a first-class condition in accordance with the Arena Operator Standards contemplated by this Agreement, which projects will generally comprise replacements of, or additions to, FFE, but may include revisions and alterations to the Arena; most of the expenditures for such special projects will be capitalized, but a portion of such projects may be currently expended, such as the purchase of smaller items of FFE, or expenditures which are ancillary to the surfaces and which are ancillary to the overall Approved Arena Capital Budget.
Sample 1
Capital Renewals means the additions and improvements to Casino Rama, as defined in section 1.1(n) of the DOA.
Sample 1

Examples of Capital Renewals in a sentence

  • This was mainly due to accelerated expenditure on Roads Capital Renewals and Hammersmith Flyover, in order to complete works ahead of the Olympics, partially offset by rephasing including Cycle Hire Phase 2 and Signal Modernisation.

  • The full-year forecast is £9m above budget due to Traffic Signal Modernisation (£3m), Capital Renewals Carriageway (£3m), and Cycle Hire Expansion (£3m).

  • Other net capital expenditure was below budget by £11m mainly due to rephasing including Cycle Hire Phase 2, Signal Modernisation, Bridge safety and Tunnels safety, partially offset by accelerated expenditure on Roads Capital Renewals and Hammersmith Flyover in order to complete works ahead of the Olympics.

  • Capital (Renewals and Enhancements, including Major Projects) and Operating Expenditure: TfL will provide a dashboard update on spend against budget for these areas.

  • If proposing a variance, please discuss the variance and rationale as part of Tab L: Design Narrative.

  • The Club must continue to maintain a market competitive subscription and continue rebalancing Subscription Categories to fund the Capital Renewals in order to maintain the current good standards of the course and clubhouse.

  • Weighing the Impact of GDPR: The EU data regulation will affect computer, Internet, and technology usage within and outside the EU; how it will play out remains to be seen.

  • These risks were a direct consequence of long term under investment in these major assets - the annual Asset Capital Renewals Programme budget (of c£90m per annum across all assets) was unable to accommodate investment spikes of this magnitude see Appendix 1.

  • In 2023- 24 TfL will be financially sustainable and will not require government revenue support to cover the cost of day-to-day operating expenditure and Capital Renewals.

  • Of this slippage, £171,000 relates to ICT Projects, and £1,591,000 relates to Corporate Estates and Facilities projects including Major Capital Renewals schemes and £270,000 relates to Disabled Facilities Grants.


More Definitions of Capital Renewals

Capital Renewals has the meaning ascribed thereto in the Development and Operating Agreement;
Sample 1

Related to Capital Renewals

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Operating Expenditures means all Partnership Group cash expenditures (or the Partnership’s proportionate share of expenditures in the case of Subsidiaries that are not wholly owned), including taxes, compensation of employees, officers and directors of the General Partner, reimbursement of expenses of the General Partner and its Affiliates, debt service payments, Maintenance Capital Expenditures, repayment of Working Capital Borrowings and payments made in the ordinary course of business under any Hedge Contracts, subject to the following:

  • Base Rent As defined in Section 3.1.

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.

  • Additional Rent means any and all amounts, other than Basic Rent, required to be paid by the Tenant under this Lease, whether or not same are designated “Additional Rent” or whether or not the same are payable by Landlord;

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Building Operating Expenses means the portion of "Operating Expenses," as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Base Operating Expenses means the Operating Expenses for the Base Year.

  • Renovation means altering a facility or one or more facility components in any way, including the stripping or removal of RACM from a facility component. Operations in which load-supporting structural members are wrecked or taken out are demolitions.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Capital Replacement means the replacement of those items listed on Exhibit F.

  • Major renovation means the renovation of a building where:

  • Repairs means the repairs to be made to the Mortgaged Property, as described on the Repair Schedule of Work (Exhibit C) or as otherwise required by Lender in accordance with this Loan Agreement.

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • Rent Expense means for any fiscal period, the total amount of rents and other charges payable during such period by the Credit Parties and their respective Subsidiaries under all Real Estate Leases to which they are a lessee, all as determined on a consolidated basis in accordance with GAAP.

  • Annual Rent means the amount payable by Tenant to Landlord in respect of each year of the Term under Article 4.01.

  • Rental means the Supplier’s charging rate for the hire of the Hire Goods which is current from time to time during the Hire Period;

  • Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within the categories of capital expenditure set out at clause 36. The Secretary of State shall pay two separate and distinct grants in respect of Recurrent Expenditure: General Annual Grant (“GAG”) and Earmarked Annual Grant (“EAG”). Capital Grant

  • Lease or rental means the leasing or renting of tangible personal property and the possession or use