Capital Replacements definition

Capital Replacements means replacements and renewals of FF&E at the Facility and such repairs, maintenance, alterations, improvements, renewals and replacements to the Facility building and its mechanical systems which are classified as capital expenditures under GAAP.

Capital Replacements means any alteration or rebuilding or renovation of the Facility, and any replacement of Furnishings and Equipment, the cost of which is capitalized and depreciated, rather than being expensed, applying generally accepted accounting principles.

Capital Replacements means, collectively, replacements and renewals to the FF&E and Repairs which are normally capitalized under the Accounting Principles.

Examples of Capital Replacements in a sentence

• All Repairs and Capital Replacements will be completed in a good and workmanlike manner, with suitable materials, and in accordance with good building practices and all applicable laws, ordinances, rules, regulations, building setback lines and restrictions applicable to the Mortgaged Property.

• Borrower will promptly advise Lender in writing of any litigation, Liens or claims affecting the Mortgaged Property and of all complaints and charges made by any Governmental Authority that may delay or adversely affect the Repairs or Capital Replacements.

• Borrower will at all times have the sole responsibility for ensuring that all Capital Replacements are completed in accordance with all such requirements of any Governmental Authority.

• Subject to the provisions of Section 6.08(c), Borrower will (i) pay the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including utilities, Repairs and Capital Replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added, and (ii) pay Insurance premiums at least 30 days prior to the expiration date of each policy of Insurance, unless applicable law specifies some lesser period.

• Borrower will promptly pay or cause to be paid, when due, all costs, charges and expenses incurred in connection with the construction and completion of the Repairs or Capital Replacements, and will keep the Mortgaged Property free and clear of any and all Liens other than the Lien of the Security Instrument and any other junior Lien to which Lender has consented.

More Definitions of Capital Replacements

Capital Replacements means, for any period and with respect to any Person, the Borrowing Group’s Share of capital additions that are deemed to replace the portion of acquired capital assets (excluding capital additions for casualties, accidents and redevelopment and the Borrowing Group’s Share of capital additions that are made to enhance the value, profitability or useful life of an asset as compared to its original purchase condition) that was consumed in the ordinary course of business during the period that such Person owned such asset.

Capital Replacements means, with respect to any Individual Property, repairs, replacements and improvements which are capitalized under GAAP.

Capital Replacements means any alteration or rebuilding or renovation of the Facility, and any replacement of Furnishings and Equipment, the cost of which is capitalized and depreciated rather than being expensed under GAAP.

Capital Replacements means, collectively, replacements and renewals to the FF&E and Capital Additions.

Capital Replacements means any alteration, rebuilding, improvement, or renovation of the Taj Mahal, and any furnishing and equipping of the same, the cost of which is capitalized and depreciated in accordance with GAAP.

Capital Replacements means, collectively, the replacements and renewals to the FF&E and the repairs, replacements, corrections, maintenance, alterations, improvements, renovations, installations, replacements, renewals and additions to be performed by either the Seller or the Purchaser in accordance with the terms of this Agreement.

Capital Replacements shall have the meaning set forth in Section 5.8.