Common use of Capital Replacements Clause in Contracts

Capital Replacements. The cost of all Capital Replacements in an Approved Budget shall be funded by Owner. Funding will be made by Owner from time to time, after receipt by Owner of such information from Manager regarding the acquisition, initiation or implementation of any Capital Replacements and the progress and performance thereof as Owner may reasonably require.

Capital Replacements. The cost of all Capital Replacements in an Approved Budget shall be funded by OwnerLicensee. Funding will be made by Owner Licensee from time to time, after receipt by Owner Licensee of such information from Manager regarding the acquisition, initiation or implementation of any Capital Replacements and the progress and performance thereof as Owner Licensee may reasonably require.