Common use of Minimum Capital Expenditures Clause in Contracts

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.