Minimum Capital Expenditures Sample Clauses

Minimum Capital Expenditures. (i) Intentionally omitted.

Minimum Capital Expenditures. During the second Lease Year, Tenant shall make at least Three Hundred Dollars ($300) per-licensed-bed of Qualified Capital Expenditures, and thereafter throughout the Term, Tenant shall in each Lease Year make Qualified Capital Expenditures in an amount equal to the amount of such expenditures required for the immediately preceding Lease Year, multiplied by the percentage increase in the Cost of Living Index from the first day of the prior Lease Year to the first day of the current Lease Year. The amount of Qualified Capital Expenditures per-licensed-bed may never be less in any Lease Year than the amount established in the prior Lease Year.

Minimum Capital Expenditures. During the first Lease Year, Tenant shall make at least Three Hundred Dollars ($300.00) per-licensed-bed of Qualified Capital Expenditures, and thereafter throughout the Term, Tenant shall in each Lease Year make Qualified Capital Expenditures in such amount increased annually in proportion by the increase in the Cost of Living Index from the first day of the prior Lease Year to the first day of the current Lease Year. The amount of Qualified Capital Expenditures per-licensed-bed may never be less in any Lease Year than the amount established in the prior Lease Year.

Minimum Capital Expenditures. Collectively with all Credit Parties, make Capital Expenditures, measured on a Fiscal Year-end basis for the 12-month period ending December 31, 2003, of at least $10,000,000.

Minimum Capital Expenditures. Lessees shall make Qualified Capital Expenditures of at least Three Hundred ($300.00) Dollars per-licensed-bed for the improvement of each Facility during the Lease Year beginning January 1, 1999, and thereafter throughout the Term, in each Lease Year Lessees shall make Qualified Capital Expenditures for the improvement of each Facility of at least such amount increased annually in proportion to increases in the CPI. At least annually, at the request of Lessor, Lessor and Lessees shall review capital expenditures budgets and mutually agree on modifications, if any, to such budgets as may be required by changed circumstances and the changed conditions of the Leased Property. If Lessor and Lessees are unable to come to agreement on such modifications., the parties shall resolve any such dispute in accordance with Article XXXVII hereof.

Minimum Capital Expenditures. Tenant agrees that during each Fiscal Year it will incur expenditures at the Facility, which are accounted for as capitalized expenditures under generally accepted accounting principles (“Capital Expenditures”) in an amount equal to the sum of (i) the amount shown below (the “Targeted Expenditure Amount”) less (ii) the Overage Amount (as hereinafter defined): Any Fiscal Year during the Term ending on or prior to December 31, 2028: $500.00/unit/year Any Fiscal Year during the Term ending on or prior to December 31, 2033: $600.00/unit/year Any Fiscal Year during the Term ending on or prior to December 31, 2038: $650.00/unit/year Any Fiscal Year during the Term thereafter: $700.00/unit/year The Targeted Expenditure Amount shall be pro-rated based on the actual number of days elapsed in the Fiscal Year for the first Fiscal Year and any Fiscal Year in which this Lease expires or is terminated.

Minimum Capital Expenditures. Borrowers and Their Subsidiaries on a consolidated basis shall not make Capital Expenditures in excess of (i) $600,000 in the aggregate during Fiscal Year 2001, and (ii) $1,500,000 during any Fiscal Year after Fiscal Year 2001.

Minimum Capital Expenditures. The Borrowers shall make Non-Financed Capital Expenditures in an aggregate amount of not less than (i) $20,000,000 in the fiscal year of Argosy ending December 31, 2001 and (ii) $25,000,000 in each fiscal year of Argosy thereafter.

Minimum Capital Expenditures. Beginning with the 2001 Lease Year and during the remainder of the Initial Term and any and all Extended Terms, Tenant agrees that during each Lease Year it will on average incur repair and maintenance costs for the Facility ("Capital Expenditures") (exclusive of the categories of costs set out below) which must be accounted for as capitalized expenditures under generally accepted accounting principles in the minimum amount of $300.00 per unit per year. In meeting the required amount of Capital Expenditures, Tenant shall not include amounts incurred for any of the following purposes: (i) amounts spent on the Facility's heating, ventilation and air conditioning systems (ii) amounts spent to repair, replace, alter or add to the Facility's roof or other structural features of the Property