Reserves for Replacements definition

Reserves for Replacements means, for any period and with respect to any Property, an amount equal to (a) the aggregate square footage of all completed space of such Property times (b) $0.25 times (c) the number of days in such period divided by (d) 365. If the term Reserves for Replacements is used without reference to any specific Property, then it shall be determined on an aggregate basis with respect to all Properties and the applicable Ownership Shares of all Properties of all Unconsolidated Affiliates.
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Reserves for Replacements means, for any period and with respect to any Property, an amount equal to (a) the aggregate square footage of all completed space of such Property times (b) $2.00 times (c) the number of days in such period divided by (d) 365. If the term Reserves for Replacements is used without reference to any specific Property, then it shall be determined on an aggregate basis with respect to all Properties and the applicable Ownership Shares of all Properties of all Unconsolidated Affiliates.
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Examples of Reserves for Replacements in a sentence

  • Income Capitalization ApproachThis section shall include adequate factual data to support each figure and factor used and shall be arranged in detailed form to show at least, (a) the estimated gross rent or income; and (b) an itemized estimate of total expenses, including any Reserves for Replacements for the appraised property.

  • These include Reserves for Replacements, Operating Deficit Reserves, Builder/Contractor Reserves, Rental Reserves, Tax and Insurance Escrows and any other reserves or escrows required by any loan agreement, partnership agreement or regulatory agreement.

  • Other alternatives, which would require special procedures and review by the OAHP Preservation Office, are special deposits from the owner to the Reserves for Replacements, or the establishment of a special repair escrow.

  • This Housing Notice (HN) clarifies portions of Risk Mitigation guidance (Mortgagee Letter 2010-21 and Housing Notice 2010-11) concerning Project Capital Needs Assessment (PCNA) reports and requirements for sizing initial and annual contributions to Reserves for Replacements.

  • All reserves set up by the Board of Directors, including the General Operating Reserves and the Reserves for Replacements.

  • In addition, HUD should consider allowing Section 8 projects to draw down Reserves for Replacements below the otherwise applicable minimum balance (perhaps with a long-term repayment requirement), if the proceeds are used for cost-effective improvements.

  • Other Funds, corporate, (Reserved): 1) Foreclosure Protection Fund* $ 501,0332) Reserves for Replacements, rental$ 688,0043) Self-Insurance Fund, rental$ 1,019,8614) Emergency Housing Fund$ 100,7435) Asat-das$ 9,371 Total RESERVED.

  • During the reporting period, several CSOs participated in and provide inputs into the work of various Permanent Committees, either at the request of Committees or at their own request.

  • Income Capitalization ApproachThis section should include all adequate and factual data to support each figure and factor used and shall be arranged in detailed form to show at least, (a) the estimated gross rent or income; and (b) an itemized estimate of total expenses, including any Reserves for Replacements for the appraised property.

  • Other Funds, corporate, (Reserved): 1) Foreclosure Protection Fund*$ 501,0552) Reserves for Replacements, rental$ 453,6263) Self-Insurance Fund, rental$ 1,065,8444) Emergency Housing Fund$ 100,4295) Asat-das$ 9,366 Total RESERVED.

Related to Reserves for Replacements

  • 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.

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

  • Servicing Reserve means, the product (expressed as a percentage) of (a) 1%, times (b) a fraction, the numerator of which is the highest Days Sales Outstanding for the most recent 12 months and the denominator of which is 360.

  • Replacement Reserve As defined in Section 9.5.1.

  • Replacement Services means any services which are substantially similar to any of the Services and which the Customer receives in substitution for any of the Services following the Call Off Expiry Date, whether those services are provided by the Customer internally and/or by any third party;

  • Replacements shall have the meaning set forth in Section 7.3.1 hereof.

  • Replacement Energy means Energy purchased by Buyer as replacement for any Delivery Shortfall.

  • Replacement Servicer has the meaning assigned to that term in Section 6.01(c).

  • Replacement Loans has the meaning specified in Section 10.01.

  • 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:

  • Day-ahead Scheduling Reserves means thirty-minute reserves as defined by the ReliabilityFirst Corporation and SERC.

  • Replacement Benchmark means a benchmark rate which is:

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Day-ahead Scheduling Reserves Resources means synchronized and non-synchronized generation resources and Demand Resources electrically located within the PJM Region that are capable of providing Day-ahead Scheduling Reserves.

  • 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.

  • Repair or replacement means the restoration of vehicles, vessels, or outboard

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

  • 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.

  • Replacement Airframe means an Airbus A321 aircraft or a comparable or improved model of Manufacturer (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) Excluded Equipment), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.05 thereof, together with all Parts relating to such aircraft.

  • preparing for re-use means checking, cleaning or repairing recovery operations, by which products or components of products that have become waste are prepared so that they can be re-used without any other pre-processing;

  • Day-ahead Scheduling Reserves Requirement means the sum of Base Day-ahead Scheduling Reserves Requirement and Additional Day-ahead Scheduling Reserves Requirement.

  • Replacement cost for houses and other structures means the prevailing cost of replacing affected structures, in an area and of the quality similar to or better than that of the affected structures. Such costs will include: (a) transporting building materials to the construction site; (b) any labor and contractors’ fees; and (c) any registration costs.

  • Receivables Reserves mean such reserves as may be established from time to time by the Administrative Agent in the Administrative Agent’s Permitted Discretion with respect to the determination of the collectability in the ordinary course of Eligible Accounts Receivables, including, without limitation, reserves for dilution.

  • tender for income-generating contracts means a written offer in the form determined by an organ of state in response to an invitation for the origination of income-generating contracts through any method envisaged in legislation that will result in a legal agreement between the organ of state and a third party that produces revenue for the organ of state, and includes, but is not limited to, leasing and disposal of assets and concession contracts, excluding direct sales and disposal of assets through public auctions; and

  • Replacement Reserve Agreement means a Replacement Reserve and Security Agreement, reasonably required by the Lender, and completed in accordance with the requirements of the DUS Guide.

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