Permitted Capital Improvements definition

Permitted Capital Improvements. As defined in Section 10.1(a).
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Permitted Capital Improvements means Capital Improvements which (a) will not materially and adversely affect the structural integrity of the then existing Improvements, (b) will not materially and adversely affect the use or functionality of the Leased Property, and (c) will not adversely affect the value of the Leased Property in any material respect.
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Permitted Capital Improvements means any Mandatory Capital Improvement or any Discretionary Capital Improvement, in each case, for which either (a) the Independent Engineer has provided a Capital Improvement IE Certificate or (b) if the Independent Engineer is not willing to provide a Capital Improvement IE Certificate, the Capital Improvement Plan for such Permitted Capital Improvements has been selected pursuant to the resolution process set forth in Section 14.3.8 (Capital Improvements Generally) of the CFAA.
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Examples of Permitted Capital Improvements in a sentence

  • The Borrower shall not make any Capital Improvements other than Permitted Capital Improvements.

  • Prior to the commencement of work on such Permitted Capital Improvements, the Borrower shall provide evidence satisfactory to the TCF Administrative Agent that it has funds required to pay its allocated share of such Permitted Capital Improvements under the CFAA from the sources described in the previous sentence.

  • Prior to the commencement of work on such Permitted Capital Improvements, the Borrower shall provide evidence satisfactory to the P1 Administrative Agent that it has funds required to pay its allocated share of such Permitted Capital Improvements under the CFAA from the sources described in the previous sentence.

  • Prior to the commencement of work on such Permitted Capital Improvements, the Borrower shall provide evidence satisfactory to the T4 Administrative Agent that it has funds required to pay its allocated share of such Permitted Capital Improvements under the CFAA from the sources described in the previous sentence.


More Definitions of Permitted Capital Improvements

Permitted Capital Improvements has the meaning set forth in Section 1 of the Permitted Capital Improvement Addendum.
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Permitted Capital Improvements means an improvement made by the Owner to the Unit, in the manner set forth in Section 3 and Exhibit C of this Agreement and as provided in the Guidelines, which shall qualify as an improvement that can be used to increase the Maximum Resale Price. Permitted Capital Improvements must comply with and be permissible under the CC&Rs per Section 2.7.
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Permitted Capital Improvements shall only include those items of improvement to the Property that are defined hereinbelow, or as modified from time to time in the Guidelines.
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Permitted Capital Improvements means certain Capital Improvements made to a Unit with the prior written consent of the County in compliance with this Deed Restriction that may increase the Maximum Resale Price.
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Permitted Capital Improvements shall have the meaning set forth in Section 8.2(h).
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Permitted Capital Improvements means such additional capital improvements as Borrower may, from time to time, propose to the Lenders to undertake after the Closing Date, which additional capital improvements: (a) have been approved by the Lenders , such approval not to be unreasonably withheld (including pursuant to the Lenders' approval of a Permitted Capital Improvements Budget prepared by Borrower and/or pursuant to Leases approved by Lenders); and (b) constitute Permitted Capital Improvement Expenses and not Operating Expenses. Permitted Capital Improvements shall not include such Capital Improvements as are required to be performed by Lenders at Lenders' expense pursuant to the Contract of Sale (no additional Lenders' consent is required for all such Capital Improvements to be performed by Lenders at Lenders' expense).
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Permitted Capital Improvements as used in Section 4.6 of the Deed Restriction shall include only new construction and/or fixtures erected, installed or attached as permanent, functional, non-decorative improvements to real property, and shall be limited to the following items: a. the addition of new residential square footage (or conversion of existing space to residential square footage), or the addition of new decks, patios or similar space that expands or extends the practical residential use of the unit; b. improvements made for the purpose of energy and/or water conservation; c. improvements to benefit seniors and/or handicapped persons; d. improvements made for the purpose of improving the safety, health and/or quality of life of occupants including fire safety/suppression systems, air conditioning, water or air filtration, water softeners and similar items; and e. improvements required by any government agency.
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