Capital Repair and Replacement definition

Capital Repair and Replacement means capital repair and replacement and is any individual repair or replacement of the Project, or any combination of repairs or replacements resulting from the occurrence of the same event, the cost of which exceeds $50,000.
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Examples of Capital Repair and Replacement in a sentence

  • GBRA shall establish, as needed, a Capital Projects Fund, a Debt Service Fund, a Lake XxXxxxxxx Operating Fund, and a Lake XxXxxxxxx Capital Repair and Replacement Fund, pursuant to an approved Bond Resolution or this Contract.

  • LCZ shall set aside and restrict the amount of Five Hundred Thousand Dollars ($500,000.00) to fund a permanent Capital Repair and Replacement Endowment for management as the Lincoln Children’s Zoo Endowment Fund (“Endowment Fund”) to ensure capital repairs, replacements, and maintenance of the Zoo.

  • GBRA shall establish, as needed, a Capital Projects Fund, a Debt Service Fund, a Lake Placid Operating Fund, and a Lake Placid Capital Repair and Replacement Fund, pursuant to an approved Bond Resolution or this Contract.

  • The Capital Repair and Replacement Account shall be funded fifty percent (50%) of the budgeted amount in October and fifty percent (50%) of the budgeted in March of each fiscal year.

  • The Capital Repair and Replacement Account shall be maintained in a separate, segregated bank account into which only the Capital Repair and Replacement Funds are deposited.

  • The Concessionaire shall determine, collect, and escrow Capital Repair and Replacement Funds pursuant to the Master Concession Agreement to create the Capital Repair and Replacement Account.

  • The total amount of Capital Repair and Replacement Funds is comprised of the combined, Initial Deposit, plus Projected Costs, plus Contingency Fund.

  • If annual budget would result in the Capital Repair and Replacement Funds falling below threshold level as determined in the Master Concession Agreement, the Concessionaire shall fund additional amounts to maintain minimum required reserve.

  • The Concessionaire shall provide the BOR with quarterly statements of account with respect to such account together with a computation demonstrating that such account is funded at the level required by this Section 5.4. The Concessionaire hereby grants to the BOR a security interest in the bank account where the Capital Repair and Replacement Funds are (or will be) deposited.

  • Semi-annual Capital Repair and Replacement Account deposits will begin in year one and will accrue to amounts sufficient to meet future needs.

Related to Capital Repair and Replacement

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

  • Required Repair Fund shall have the meaning set forth in Section 7.1.1 hereof.

  • Approved Replacement means, with respect to a Market Quotation, an entity making such Market Quotation, which entity would satisfy conditions (a), (b), (c) and (d) of the definition of Permitted Transfer (as determined by Party B in its sole discretion, acting in a commercially reasonable manner) if such entity were a Transferee, as defined in the definition of Permitted Transfer.

  • Required Repairs shall have the meaning set forth in Section 7.1.1 hereof.

  • 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.

  • Repair means to restore to proper operating condition a tank, pipe, spill prevention equipment, overfill prevention equipment, corrosion protection equipment, release detection equipment or other UST system component that has caused a release of product from the UST system or has failed to function properly.

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Good repair means about eighty percent of materials and compo- nents are unbroken, have all their pieces, and can be used by children as intended by the manufacturer or builder.

  • 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.

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • 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.

  • refurbishment means repairing of used electrical and electronic equipment as listed in Schedule I for extending its working life for its originally intended use and selling the same in the market or returning to owner;

  • Repair or replacement means the restoration of vehicles, vessels, or outboard

  • Emergency Repairs means repairs to a utility facility located in or adjacent to a primary city street that must be performed immediately when the necessity arises to safeguard life or property or maintain continued operation of the facility.

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Specialty Alterations means Alterations consisting of kitchens, executive bathrooms, raised computer floors, computer installations, vaults, libraries, internal staircases, dumbwaiters, pneumatic tubes, vertical and horizontal transportation systems, and other Alterations of a similar character.

  • Capital Improvement or "Capital Improvement Project" means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities of Local Subdivisions, including real property, interests in real property, and facilities and equipment of Local Subdivisions related or incidental thereto.

  • Emergency repair means work necessary to prevent destruction or dilapidation to real property or structural appurtenances thereto immediately threatened or damaged by fire, flood, earthquake or other disaster.

  • Repair facility Means any licensed automotive REPAIR FACILITY capable of performing repair services to a COVERED PART, approved by the ADMINISTRATOR, and at which YOU seek to acquire service under this CONTRACT.

  • Structural Alterations means any Alterations involving the structural, mechanical, electrical, plumbing, fire/life safety or heating, ventilating and air conditioning systems of the Building.

  • Replacement Costs means the expenditures for obtaining and installing equipment, accessories or appurtenances which are necessary during the useful life of the treatment works to maintain the capacity and performance for which such works were designed and constructed.

  • Tenant Improvements Defined in Exhibit B, if any.

  • Structural alteration means an Alteration that (i) will result in a change in the footprint of the Improvements, (ii) involves the addition of one or more floors to the Improvements, (iii) affects the structural elements or any exterior walls of the Improvements, (iv) decreases the rentable square footage of the Leased Premises other than to a de minimis extent or (v) adversely affects the proper functioning and/or capacity of the building systems in the Improvements.

  • Construction-manager-at-risk means a project delivery method in which:

  • Major Alteration means change other than repair or replacement of building materials or equipment with materials and equipment of a similar type.

  • Full Replacement Cost as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.