FF&E Replacements definition

FF&E Replacements shall have the meaning specified in Section 2.7.7(e).
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FF&E Replacements means repairs, replacements and improvements regarding FF&E.
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FF&E Replacements means the items described in Sections ----------------- 8.02 A 1 and 2."
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Examples of FF&E Replacements in a sentence

  • The amounts so paid into the Reserve Account shall be recorded on the Hotels' books of account as "Reserve for FF&E Replacements." Except as expressly provided herein, any expenditures for Capital Replacements during any Fiscal Year which have been approved in the yearly Capital Replacements Budget may be made without Owner's further approval and, to the extent available, may be made by Manager from the Reserve Account.

  • Therefore, five percent (5%) of Gross Revenues shall be paid over in cash in each calendar month after the Effective Date into a Reserve Fund (as hereinafter defined) to pay for Capital Improvements and FF&E Replacements.

  • It is recognized that expenditures for Capital Improvements and FF&E Replacements are incapable of precise calculation in advance.

  • Manager shall establish a reserve for Capital Improvements and FF&E Replacements on the books of account for the Hotel and the cash amounts required for such reserve shall be placed into an interest-bearing account (the "Reserve Fund") established in the Hotel's name at the bank at which the Bank Account(s) are established, with Manager's designees being the only authorized signatories on said account.

  • Owner shall cooperate fully with Manager in establishing appropriate procedures and timetables for Owner to undertake Capital Improvements and FF&E Replacements.

  • Any expenditures for Capital Improvements and FF&E Replacements during any calendar year which have been included in an approved Capital Budget or FF&E Budget may be made without Owner's or Fee Owner's additional approval and, to the extent available, shall be made by Manager from the Reserve Fund (including accrued interest and unused accumulations from prior calendar years).

  • Borrower shall cause Mortgage Loan Borrower and Maryland Owner to complete all such FF&E Replacements in a good and workmanlike manner as soon as commercially reasonable after commencing to make each such Replacement.

  • Borrower shall assign to Lender all rights and claims Borrower may have against all persons or entities supplying labor or materials in connection with the FF&E Replacements; provided, however, that Lender may not pursue any such right or claim unless an Event of Default has occurred and remains uncured.

  • The Borrower and the Manager agree that funds on deposit in the FF&E Account (including Earnings thereon) may only be used for the purpose of payment of the costs of FF&E Replacements (as defined in the Management Agreement) as contemplated by Section 7.02 of the Management Agreement and by the Assignment.

  • Borrowers shall complete all FF&E Replacements in a good and workmanlike manner as soon as practicable following the commencement of making each such FF&E Replacement.


More Definitions of FF&E Replacements

FF&E Replacements means the replacement of and additions to the furniture, fixtures and equipment for the Property, including common area furnishings, office furniture and equipment, art work, carpeting, computers and electronic data processors used solely in connection with the Property, telephones, televisions, radios and signs.
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FF&E Replacements means the refurbishment of existing hotel furniture, fixtures and equipment or replacements thereof with new furniture, fixture and equipment as may be necessary to maintain and operate a first class, reputable hotel in the manner and quality of the hotel operated at the Property on the date hereof.
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FF&E Replacements means all items purchased with funds from the Reserve established under Article 5 of this Lease and all other items of FF&E added and used at the Leased Property during the Term of this Lease, together with all leasehold improvements made by Tenant or any Subtenant during the Term of this Lease to the extent not constituting real property affixed to the Land, whether purchased from the Reserve or with other funds of Tenant, all subject to disposal and further replacement at the end of their useful lives.
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FF&E Replacements has the meaning ascribed to such term in the Management Agreement and, to the extent agreed by the Manager, also includes alterations (including major repairs), improvements, renewals, and replacements to the structural, mechanical, electrical, heating, ventilating, air conditioning, plumbing, and vertical transportation elements of a Hotel.
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FF&E Replacements shall have the meaning ascribed to it in Section 7.02A. ----------------- "FF&E Replacement Estimate" shall have the meaning ascribed to it in ------------------------- Section 8.02D.
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Related to FF&E Replacements

  • Eligible Replacement means an entity (A) that satisfies the definition of Hedge Counterparty Ratings Requirement, set forth in Part 5(f)(ii) above or (B) whose present and future obligations owing to Party B are guaranteed pursuant to an Eligible Guarantee provided by a guarantor which satisfies paragraph (b) of the definition of Hedge Counterparty Ratings Requirement.

  • Approved Replacement means, with respect to a Market Quotation, an entity making such Market Quotation, which entity would satisfy conditions (a), (b), (c) and (d) of the definition of Permitted Transfer (as determined by Party B in its sole discretion, acting in a commercially reasonable manner) if such entity were a Transferee, as defined in the definition of Permitted Transfer.

  • Benchmark Replacement means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date:

  • Replacement Contractor means any third party service provider appointed by the Authority to supply any services which are substantially similar to any of the Services and which the Authority receives in substitution for any of the Services following the expiry, termination or partial termination of the Contract.

  • Benchmark Replacement Date means the earliest to occur of the following events with respect to the then-current Benchmark:

  • Replacement Assets means (1) tangible non-current assets that will be used or useful in a Permitted Business or (2) substantially all the assets of a Permitted Business or a majority of the Voting Stock of any Person engaged in a Permitted Business that will become on the date of acquisition thereof a Restricted Subsidiary.

  • Approved Contractor means an “Approved Contractor” specified in the Key Details.

  • Capital Replacement means the replacement of those items listed on Exhibit F.

  • Replacement Aircraft means the Aircraft of which a Replacement Airframe is part.

  • Replacement Sub-Contractor means a sub-contractor of the Replacement Supplier to whom Transferring Supplier Employees will transfer on a Service Transfer Date (or any sub-contractor of any such sub-contractor);

  • Subcontracts means “Seller’s lower-tier subcontracts” (Note: “Subcontract” includes a transfer of commercial items between divisions, subsidiaries, or affiliates of the Contractor or subcontractor at any tier.); and

  • Supply Contracts means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products. A supply contract may include, as an incidental matter, siting and installation operations;

  • Replacement Equipment means operational equipment or other parts used by Tenant to replace any of the Equipment.

  • Full Replacement Cost as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Replacement Loans has the meaning specified in Section 10.01.

  • Replacement Facility means 1 of the following:

  • Qualified Contractor ’ means a residential energy ef-

  • Replacement Engine means a [Engine Manufacturer and Model] engine (or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe with the other Engine (or any other Replacement Engine being substituted simultaneously therewith)) that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 or Section 7.05 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine from time to time that are excluded from the definition of Parts.

  • Replacement Card means a renewal or replacement Card issued to you by us;

  • Fixed Equipment means any property affixed in any way to the Licensed Premises existing at the time Notice to Proceed is given, whose removal would damage the Licensed Premises.

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Leased Equipment means the equipment which may include but not limited to modem provided by TM on lease basis to enable usage of the Service by the Customer, as may be decided by TM from time to time at its sole discretion.