Capital Expense Reserve definition

Capital Expense Reserve during any period, with respect to each Unencumbered Asset or Operating Property, as applicable, an amount equal to (A) a per annum rate of $.15 times (B) the total Net Rentable Area of such Unencumbered Asset or Operating Property, as applicable (in each case whether or not such reserves are actually established by the Borrower).
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Capital Expense Reserve during any period, (i) with respect to each Unencumbered Asset other than a residential apartment building or residential apartment community, an amount equal to (A) a per annum rate of $.20 times (B) the total Net Rentable Area of such Unencumbered Asset, and (ii) with respect to each Unencumbered Asset that is a residential apartment building or residential apartment community, an amount equal to (A) $150 times (B) the number of apartment units in such residential apartment building or community (in each case whether or not such reserves are actually established by the Borrower).
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Capital Expense Reserve during any period, an amount with respect to each Eligible Real Estate Asset equal to (i) with respect to all retail, office, industrial and self-storage properties, a per annum rate of $.10 times the total net rentable area of such Eligible Real Estate Asset, and (ii) with respect to all apartment properties, $300 per unit (whether or not such reserves are actually established by the Borrower).
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Examples of Capital Expense Reserve in a sentence

  • Such reserves shall be maintained in a separate and segregated account to be known as the Capital Expense Reserve Account and the funds so set aside shall not be deemed common profits available for distributions; but, rather, shall be considered as property of the Trust.

  • No Seller Party has received from Existing Lender written notice that the Capital Expense Reserve (as defined in the Existing Loan Documents) or the Rollover Reserve (as defined in the Existing Loan Documents) need to be funded pursuant to the terms of the Existing Loan Documents.

  • A Unit may be enrolled in the Rental Program once the Owner has listed a Suite Enrollment Application with the Owner Relations Manager; the Unit has been approved as a Qualified Suite by the Rental Manager; a Rental Management Agreement (RMA) has been executed; and arrangements have been made for the payment of the applicable Catch-Up Contribution to the FF&E Capital Expense Reserve Fund.

  • Such reserves shall be maintained in a separate and segregated account to be known as the Capital Expense Reserve Account and the funds so setaside shall not be deemed common profits available for distributions; but, rather, shall be considered as property of the Trust.

  • During personal use periods the Owner shall be assessed a daily contribution towards the FF&E Capital Expense Reserve Fund, which daily contribution called the FF&E Reserve Owner Use Fee will be calculated and based on the Unit Point Factor.

  • These funds will be offset by a decrease in the Stadium Authority Capital Expense Reserve.

  • Under the green initiative program, a nursery has been set up at Disi village wherein fruit saplings are being grown and distributed among the rural folks.

  • Xxxxxxxx, Xx. Assistant Vice President <PAGE> EXHIBIT A --------- Allocated Loan Amounts ---------------------- (See Attached) <PAGE> EXHIBIT B --------- Capital Expense Reserve Monthly Payments ---------------------------------------- 1.

  • Marsh Hawk may also, in its sole discretion, deposit up to an additional $100,000 in the Capital Expense Reserve each fiscal year.

  • To ensure the adequacy of such Capital Expense Reserve Account, the Trustee(s) may periodically engage an appropriate professional to undertake a capital reserve study, and/or to up-dateone previously undertaken, and based thereon establish an appropriate policy to fund such capital expense needs as therein determined.


More Definitions of Capital Expense Reserve

Capital Expense Reserve during any period, (i) with respect to each Unencumbered Asset, Operating Property or Subject Property, as applicable, other than a residential apartment building or residential apartment community, an amount equal to (A) a per annum rate of $.20 times (B) the total Net Rentable Area of such Unencumbered Asset, Operating Property or Subject Property, as applicable, and (ii) with respect to each Unencumbered Asset, Operating Property or Subject Property, as applicable, that is a residential apartment building or residential apartment community, an amount equal to (A) $150 times (B) the number of apartment units in such residential apartment building or community (in each case whether or not such reserves are actually established by the Borrower).
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Capital Expense Reserve means funds held in reserve by the owner of the BCS4 Project for maintenance, repair, and/or replacement of any component of the BCS4 Project, which reserved funds are in addition to actual costs incurred by such owner for maintenance, repairs, and/or replacement during any period of measurement that are deducted in calculating Net Operating Income for such period.
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Capital Expense Reserve is defined in Section 5.9.
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Related to Capital Expense Reserve

  • Capital Expenditure Reserve means, on an annual basis, an amount equal to $0.15 per square foot for each property owned by a Borrower or the Parent (or a Subsidiary thereof).

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.

  • Net Capital Expenditures means for any period the amount by which Capital Expenditures during such period exceeds reimbursements for such items during such period from any fund established pursuant to the Loan Documents.

  • Maintenance Capital Expenditures means, for any period, the portion of the aggregate amount of all Capital Expenditures of the Borrower for such period attributable to maintenance of property, plant or equipment of the Borrower and the Restricted Subsidiaries, as determined in good faith by a Responsible Officer of the Borrower.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Unfinanced Capital Expenditures means, with respect to any Person and for any period, Capital Expenditures made by such Person during such period and not financed from any Net Cash Proceeds or Revolving Loans.

  • Consolidated Maintenance Capital Expenditures means, for any period, the aggregate amount of expenditures for additions to property, plant, and equipment that are not Consolidated Expansion Capital Expenditures.

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) included in the Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld or delayed.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • Consolidated Capital Expenditures means, for any period, the aggregate of all expenditures of Company and its Subsidiaries during such period determined on a consolidated basis that, in accordance with GAAP, are or should be included in “purchase of property and equipment” or similar items reflected in the consolidated statement of cash flows of Company and its Subsidiaries.

  • Non-Financed Capital Expenditures means Capital Expenditures paid in cash and not financed with Indebtedness for borrowed money.

  • Capital Expenditure means expenditure on:

  • Investment Capital Expenditures means capital expenditures other than Maintenance Capital Expenditures and Expansion Capital Expenditures.

  • Unfunded Capital Expenditures means Capital Expenditures made with Internally Generated Funds and, for the avoidance of doubt, not including Capital Expenditures funded through or by funds provided by any Customer or supplier for such purpose.

  • management expense ratio means the total fees and expenses a fund paid during a year divided by its average assets for that year.

  • local expenditures means expenditures in the currency of the Borrower or for goods or services supplied from the territory of the Borrower; and

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • FF&E Reserve shall have the meaning given such term in Section 5.1.2(a).

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Consolidated Rental Expense means, for any period, the total rental expense for operating leases of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis for such period; provided that Consolidated Rental Expense shall not be reduced by any rental income.

  • Operating Expenditures means all Partnership Group cash expenditures (or the Partnership’s proportionate share of expenditures in the case of Subsidiaries that are not wholly owned), including taxes, compensation of employees, officers and directors of the General Partner, reimbursement of expenses of the General Partner and its Affiliates, debt service payments, Maintenance Capital Expenditures, repayment of Working Capital Borrowings and payments made in the ordinary course of business under any Hedge Contracts, subject to the following:

  • Capitalized Expenditures means those expenditures that (i) would be capitalized under generally accepted accounting principles, and (ii) are incurred with respect to Shared-Loss Loans, Other Real Estate, Additional ORE or Subsidiary ORE. Capitalized Expenditures shall not include expenses related to environmental conditions including, but not limited to, remediation, storage or disposal of any hazardous or toxic substances or any pollutant or contaminant.

  • Rental Expense means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, total rental expense as calculated in accordance with GAAP.