Document ID: 14746

Text:
(ii) Annual Minimum Per-Lease B&amp;I Cap Ex Requirement . During each full Fiscal Year during the Term, commencing upon the first (1st) full Fiscal Year during the Term, measured as of the last day of each such Fiscal Year, Tenant shall expend Capital Expenditures with respect to the Leased Property in an aggregate amount equal to at least one percent (1%) of the Net Revenue from the Facility for the prior Fiscal Year, on Capital Expenditures that constitute installation or restoration and repair or other improvements of items with respect to the Leased Property under this Lease (the Annual Minimum Per-Lease B&amp;I Cap Ex Requirement). In the event of expiration, cancellation or termination of any Ground Lease for any reason whatsoever whether voluntary or involuntary (by operation of law or otherwise), except for a cancellation or termination due to Landlords failure to extend the term thereof where Landlord was required to do so hereunder, prior to the expiration date of this Lease, including extensions and renewals granted thereunder, then, for purposes of calculating the amount of Net Revenue from the Facility for determining the Annual Minimum Per-Lease B&amp;I Cap Ex Requirement, the Net Revenue attributable to the portion of the Leased Property subject to such Ground Lease for the Lease Year immediately prior to such expiration, cancellation or termination of such Ground Lease thereafter shall continue to be included in the calculation of Net Revenue (except to the extent such Ground Lease is replaced by a replacement Ground Lease for all or substantially all of such portion of the Leased Property).

Named Entities:
3
13
Percentage
72
73
Percentage
138
139
Title

Tokenized Text:
(
ii
)
Annual
Minimum
Per-Lease
B
&
amp
;
I
Cap
Ex
Requirement
.
During
each
full
Fiscal
Year
during
the
Term
,
commencing
upon
the
first
(
1st
)
full
Fiscal
Year
during
the
Term
,
measured
as
of
the
last
day
of
each
such
Fiscal
Year
,
Tenant
shall
expend
Capital
Expenditures
with
respect
to
the
Leased
Property
in
an
aggregate
amount
equal
to
at
least
one
percent
(
1
%
)
of
the
Net
Revenue
from
the
Facility
for
the
prior
Fiscal
Year
,
on
Capital
Expenditures
that
constitute
installation
or
restoration
and
repair
or
other
improvements
of
items
with
respect
to
the
Leased
Property
under
this
Lease
(
the
Annual
Minimum
Per-Lease
B
&
amp
;
I
Cap
Ex
Requirement
)
.
In
the
event
of
expiration
,
cancellation
or
termination
of
any
Ground
Lease
for
any
reason
whatsoever
whether
voluntary
or
involuntary
(
by
operation
of
law
or
otherwise
)
,
except
for
a
cancellation
or
termination
due
to
Landlords
failure
to
extend
the
term
thereof
where
Landlord
was
required
to
do
so
hereunder
,
prior
to
the
expiration
date
of
this
Lease
,
including
extensions
and
renewals
granted
thereunder
,
then
,
for
purposes
of
calculating
the
amount
of
Net
Revenue
from
the
Facility
for
determining
the
Annual
Minimum
Per-Lease
B
&
amp
;
I
Cap
Ex
Requirement
,
the
Net
Revenue
attributable
to
the
portion
of
the
Leased
Property
subject
to
such
Ground
Lease
for
the
Lease
Year
immediately
prior
to
such
expiration
,
cancellation
or
termination
of
such
Ground
Lease
thereafter
shall
continue
to
be
included
in
the
calculation
of
Net
Revenue
(
except
to
the
extent
such
Ground
Lease
is
replaced
by
a
replacement
Ground
Lease
for
all
or
substantially
all
of
such
portion
of
the
Leased
Property
)
.