Fixed Improvement definition

Fixed Improvement means any alteration, addition, annexation or improvement to the Premises or a portion thereof that cannot be removed or changed without material damage to, or destruction of, either itself or the Premises or a portion thereof.
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Fixed Improvement means all buildings and other structures erected on the Premises, all fencing, grading and surfacing with stone and/or hardtop, all underground and overhead wires, cables, pipes, conduits, tanks and drains, and all property of every kind and nature, excluding Trade Fixtures (as herein defined), which are so attached to any building or structure on the Premises that same may not be removed without material injury to said property or to the building or structure to which same are or shall be attached.
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Examples of Fixed Improvement in a sentence

  • The Authority shall not be responsible for the buy-out of any improvements of the Operating Facilities made by the Contractor under this Contract or any buyout of unamortized Fixed Improvement amounts made prior to the commencement of this Contract nor shall any provision be made under this Contract for the buyout of such Fixed Improvements by another party should the Contractor not succeed itself in the operation of its Site after the expiration of this Contract.

  • For purposes of this Agreement, the Concessionaire’s Cost of Fixed Improvements shall be amortized by Concessionaire, depreciated monthly, using the straight-line method, over a period beginning with each location’s Rental Commencement Date through the seventh (7th) anniversary of the first Lease Year or over the useful life of each Fixed Improvement in accordance with GAAP, whichever period is shorter.

  • For purposes of calculating the Fixed Improvement purchase price, the Fixed Improvements shall be amortized on a straight-line basis over the number of months remaining in the current Contract at the time the Fixed Improvements were completed.

  • If the Authority disagrees with the Contractor's or it’s Concession Operators’ determination of 1) the categorization of ownership of an item as a Fixed Improvement or Operating Equipment, 2) with the reasonableness of the cost of the item, or, 3) if supporting cost documentation is not sufficient, it shall notify the Contractor in writing.

  • Within thirty (30) days after receipt of any response or additional information provided by the Contractor, the Authority will make a final determination as to the categorization of the item and whether or not the cost of the Fixed Improvement shall be allowed.

  • Investment in Fixed Improvements to the Premises made by the Contractor during the first five years of the Operating Period shall be depreciated on a straight-line basis from the date of completion of the Fixed Improvement.

  • The Lessee will give the Lessor not less than fifteen Working Days’ notice before it removes or demolishes any Fixed Improvement.

  • If the Authority disagrees with the Contractor's determination of 1) the categorization of an item as a Fixed Improvement or, 2) with the reasonableness of the cost of the item, or, 3) if supporting cost documentation is not sufficient, it shall notify the Contractor in writing.

  • At the sole option of the Board, all Fixed Improvements shall become the property of the Board upon surrender of the Assigned Premises by the Concessionaire for whatever reason, however, the Board may require Concessionaire to remove its Fixed Improvement (including Trade Fixtures and Personal Property) prior to surrender of the Assigned Premises.

  • Within thirty (30) days after receipt of any response or additional information provided by the Contractor, the Authority will make a determination as to whether or not the cost or ownership of the Fixed Improvement or Operating Facility improvement shall be allowed.

Related to Fixed Improvement

  • Leased Improvements shall have the meaning given such term in Section 2.1(b).

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected. Unsatisfactory: the Educator’s performance on a standard or overall has not significantly improved following a rating of needs improvement, or the Educator’s performance is consistently below the requirements of a standard or overall and is considered inadequate, or both.

  • Home improvement means the remodeling, altering,

  • Leasehold Improvements means all buildings, structures, improvements and fixtures located on any Leased Real Property which are owned by any Group Company, regardless of whether title to such buildings, structures, improvements or fixtures are subject to reversion to the landlord or other Third Party upon the expiration or termination of the Lease for such Leased Real Property.

  • System improvements means capital improvements to public facilities which are designed to provide service to a service area.