Common use of Equipment and Improvements Clause in Contracts

Equipment and Improvements. From and after the issuance of the Licenses and from and after the commencement of operations, Manager shall make all necessary and approved repairs, replacements and maintenance within the budgetary limits set forth in the annual capital budget prepared by Manager pursuant to Paragraph 1(l), in a workmanlike and lien free manner and in compliance with the requirements of any governmental or regulatory authority.