Common use of Equipment and Improvements Clause in Contracts

Equipment and Improvements. Subject to the applicable Annual Budget and the Nomura Loan Documents (as hereinafter defined), Manager shall, on behalf of Owner, acquire or effect the acquisition of equipment and improvements which are needed to maintain or upgrade the quality of the Facility or its services, to replace obsolete or run-down equipment, or to correct any other deficiencies which may be identified by Manager during the term of this Agreement, and shall make, or engage third parties to make, all such repairs, replacements and maintenance and shall cause to be acquired all necessary equipment, including replacement equipment.