Qualified Capital Improvements definition

Qualified Capital Improvements means those improvements to a Property performed by the Owner which qualify for inclusion within the calculation of Maximum Resale Price, which requirements and specifications are set forth in the Qualified Capital Improvement (“QCI”) schedule contained in Exhibit B hereto, which exhibit is incorporated herein by this reference.
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Qualified Capital Improvements. Qualified Capital Improvements means those certain improvements made to the Home at the Homeowner’s expense which, as determined by MACLT in accordance with its Qualified Capital Improvements Policy, add significant value to the home and which are capital in nature.
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Qualified Capital Improvements means those improvements to a Property performed by the Owner, which qualify for inclusion within the calculation of Maximum Resale Price if such improvements are set forth in the Qualified Capital Improvement (“QCI”) schedule contained in Exhibit hereto, which exhibit is incorporated herein by this reference, and if the Owner furnishes the County or its designee with the appropriate documentation required by the Qualified Capital Improvement schedule.
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Examples of Qualified Capital Improvements in a sentence

  • During the term of this Lease the Lessee shall keep in good state of repair and in first class condition all buildings and FF&E and shall not suffer or permit any waste, or neglect of the Demised Premises, provided, however, that Lessee shall be permitted to replace any or all of the FF&E with items of equal or better value, and, provided, further, that Lessee shall be permitted to make Qualified Capital Improvements.

  • Qualified Capital Improvements are Elective or Non-Elective Capital Improvements that have been reviewed and approved in writing by the County and that are specifically identified in the County’s written approval as Qualified Capital Improvements.

  • In such written approval, the County shall include whether or not such Qualified Capital Improvements are approved for Rent credits.

  • In the event this Lease is terminated pursuant to Article 18 of this Lease, the County shall reimburse Tenant for the fair market value of the Qualified Capital Improvements to the extent of any applicable awards received by the County, less any Rent credit for such Capital Improvements already granted to Tenant, and such reimbursement shall not preclude Tenant from filing a separate claim against the authority exercising eminent domain pursuant to Article 18 of this Lease.

  • During such period, Disney shall not abandon or permit to be abandoned any portion of the premises on which said Qualified Capital Improvements (and, if applicable, any Replacement Qualified Capital Improvements) are situated, leave said premises or permit said premises to be left unguarded or unprotected, or otherwise act or fail to act in such a way as to unreasonably increase the risk of any damage to such premises.

  • Tenant is not precluded from claiming, proving and receiving, in a separate claim filed by Tenant against the authority exercising the power of eminent domain, such sums to which the Tenant may be entitled as compensation, including, without limitation, reimbursement of Qualified Capital Improvements, provided that such a separate claim does not interfere with or reduce the County's award and is pursuant to the terms set forth in Article 9.D herein.

  • Each request shall be accompanied by Westgroup's written certification that the amount so requested is required to pay for the cost of Qualified Capital Improvements or Operating Shortfalls.

  • Westgroup shall provide Associates, on a quarterly basis commencing April 1, 1997, a schedule of amounts expended by Westgroup for Qualified Capital Improvements since the date of the last such schedule provided, which schedule shall list the item purchased.

  • Additional Qualified Capital Improvements and Incur Costs Equal to or Greater Than Incremental Investment Threshold.

  • Subject to the provisions set forth herein below, the value of Qualified Capital Improvements shall be added to the Purchase Price when calculating the Shared Appreciation Amount.


More Definitions of Qualified Capital Improvements

Qualified Capital Improvements means those improvements to a Property performed by the Owner, which qualify for inclusion within the calculation of Maximum Resale Price if such improvements are set forth in the Qualified Capital Improvement (“QCI”) schedule contained in Exhibit B hereto, which exhibit is incorporated herein by this reference, and if the Owner furnishes the Town or its designee with the following: i. Original or duplicate receipts to verify the expenditures by the Owner for the Qualified Capital Improvements; ii. An affidavit verifying that the receipts are for actual expenditures for a specified Qualified Capital Improvement; and iii. True and correct copies of any building permit or certificate of occupancy required by law in connection with the Qualified Capital Improvement
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Qualified Capital Improvements means capital improvement projects constructed or installed by Disney or Affiliates of Disney from time to time on or in conjunction with development of any of the Disney Properties in accordance with applicable Governmental Requirements which improvement projects (1) create, supplement, or enhance needed infrastructure in The Anaheim Resort® or (2) are designed and intended to (a) result in increases in length of stay in hotels in The Anaheim Resort and/or (b) increase attendance at The Disneyland Resort® or the Anaheim Convention Center.
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Qualified Capital Improvements means and includes capital improvements made to the Property by Homebuyer with all required building permits. Capital improvements include such items as replacement of major items such as a complete roof replacement, all new plumbing lines, new carpet or other floor cover, a/c condenser and heating unit replacement, water heater, addition to the home, solar panels and solar water heater, but not costs for general repairs and regular maintenance. (i) For an improvement to qualify as a Qualified Capital Improvement it must be accomplished with all applicable building permits, and (ii) Such improvement(s) must do one or more of the following: increase the basis of the Property; add value to the Property, prolong the useful life of the Property; or adapt the Property to new uses all pursuant to the rules and regulations of the Internal Revenue Service. (See IRS Publication No. 523.). (iii) Examples of improvements that qualify as Qualified Capital Improvements include: room additions; deck additions; installation of a swimming pool; new roof; fencing; installation of central air conditioning; installation of built in appliances; kitchen modernization; or installation of new flooring and/or wall to wall carpeting. (iv) Qualified Capital Improvements do not include repairs which serve to maintain the Property but do not increase basis, add to its value, adapt it to new uses, or prolong its life. A. Examples of repairs that are not Qualified Capital Improvements include, without limitation: interior painting; exterior painting; fixing gutters; repair floors, flooring, or carpeting; repair of leaks; repair of plaster, dry wall, stucco, or other interior or exterior surfaces; or replacement of broken window panes or repair of inoperable windows. (v) A capital improvement made to the Property without a required building permit from the City will not qualify as a Qualified Capital Improvement unless and until such a permit is subsequently obtained. Homebuyer hereby acknowledges and agrees that upon learning of such improvement, City may thereafter take such enforcement action as City may deem appropriate.
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Related to Qualified Capital Improvements

  • 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.

  • 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.

  • 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.

  • Infrastructure Improvements means a street, road, sidewalk, parking facility, pedestrian mall, alley, bridge, sewer, sewage treatment plant, property designed to reduce, eliminate, or prevent the spread of identified soil or groundwater contamination, drainage system, waterway, waterline, water storage facility, rail line, utility line or pipeline, transit-oriented development, transit-oriented property, or other similar or related structure or improvement, together with necessary easements for the structure or improvement, owned or used by a public agency or functionally connected to similar or supporting property owned or used by a public agency, or designed and dedicated to use by, for the benefit of, or for the protection of the health, welfare, or safety of the public generally, whether or not used by a single business entity, provided that any road, street, or bridge shall be continuously open to public access and that other property shall be located in public easements or rights-of-way and sized to accommodate reasonably foreseeable development of eligible property in adjoining areas. Infrastructure improvements also include 1 or more of the following whether publicly or privately owned or operated or located on public or private property:

  • Infrastructure improvement means permanent infrastructure that is essential for the public health and safety or that:

  • Non-Financed Capital Expenditures means, for any period, Capital Expenditures during such period other than Capital Expenditures funded with the proceeds of Indebtedness (excluding ABL Revolving Loans).

  • Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) included in the Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld or delayed.

  • Building, structure, facility, or installation means all of the pollutant-emitting activities which belong to the same industrial grouping, are located on one or more contiguous or adjacent properties, and are under the control of the same person (or persons under common control) except the activities of any vessel. Pollutant-emitting activities shall be considered as part of the same industrial grouping if they belong to the same major group (i.e., which have the same two-digit code) as described in the Standard Industrial Classification Manual, 1972, as amended by the 1977 Supplement (U.S. Government Printing Office stock numbers 4101-0066 and 003-005-00176-0, respectively).

  • Substitute Improvements means the substitute or additional improvements of the Issuer described in Article V hereof.

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • Cost of Capital Improvement Projects means the costs of acquiring, constructing, reconstructing, expanding, improving and engineering Capital Improvement Projects, and related financing costs.

  • Site Improvements means any construction work on, or improvement to, streets, roads, parking facilities, sidewalks, drainage structures and utilities.

  • 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.

  • Private Improvements means the improvements to be constructed on the Property that are not Public Improvements.

  • Minimum Improvements means the acquisition of land and construction of a 152-unit market rate residential apartment building, construction of a stormwater pond and related improvements. The Minimum Improvements are more fully depicted in Exhibit B, which is attached hereto and incorporated herein.

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

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Leasehold Improvements means all buildings, structures, improvements and fixtures located on any Leased Real Property which are owned by any Group Company, regardless of whether title to such buildings, structures, improvements or fixtures are subject to reversion to the landlord or other third party upon the expiration or termination of the Lease for such Leased Real Property.

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

  • Structural component means a component that supports non-variable forces or weights (dead loads) and variable forces or weights (live loads).

  • Unfinanced Capital Expenditures means, for any period, Capital Expenditures made during such period which are not financed from the proceeds of any Indebtedness (other than the Revolving Loans; it being understood and agreed that, to the extent any Capital Expenditures are financed with Revolving Loans, such Capital Expenditures shall be deemed Unfinanced Capital Expenditures).

  • Major project means a project comprising of a series of works, activities or services which is intended, in itself, to accomplish a definite and indivisible task of a precise economic or technical nature, which has clearly identified goals and whose total cost exceeds that which is specified in the Framework Agreement;

  • Stand Alone System Upgrade Facilities means System Upgrade Facilities that a Developer may construct without affecting day-to-day operations of the New York State Transmission System during their construction. NYISO, the Connecting Transmission Owner and the Developer must agree as to what constitutes Stand Alone System Upgrade Facilities and identify them in Appendix A to this Agreement.

  • Qualified project means the construction or expansion of any capital project of the Borrower or any of its Restricted Subsidiaries, the aggregate actual or budgeted capital cost of which (in each case, including capital costs expended by the Borrower or any such Restricted Subsidiaries prior to the construction or expansion of such project) exceeds $50,000,000.

  • Major renovation means the renovation of a building where:

  • Project Improvements means site improvements and facilities that are: