Common use of Capital Expenditure Reserve Account Clause in Contracts

Capital Expenditure Reserve Account. (a) On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving amounts in respect of Capital Expenditures (the "Capital Expenditure Reserve Account").

Appears in 3 contracts

Samples: Loan Agreement (Glimcher Realty Trust), Loan Agreement (Glimcher Realty Trust), Loan Agreement (Alexanders Inc)

AutoNDA by SimpleDocs

Capital Expenditure Reserve Account. (a) On or prior to the Closing Date, Borrower Borrowers shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving amounts in respect of Capital Expenditures (the "Capital Expenditure Reserve Account").

Appears in 1 contract

Samples: Loan Agreement (Ventas Inc)

Capital Expenditure Reserve Account. (a) On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving amounts in respect of Capital Expenditures when and if it is required to do so pursuant to this Section 3.6 (the "Capital Expenditure Reserve Account").

Appears in 1 contract

Samples: Loan Agreement (Life Time Fitness Inc)

Capital Expenditure Reserve Account. (a) On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving amounts in respect of Capital Expenditures (the "Capital Expenditure Reserve Account").

Appears in 1 contract

Samples: Management Agreement (American Casino & Entertainment Properties LLC)

Capital Expenditure Reserve Account. (a) On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the purpose of reserving amounts in respect of Capital Expenditures (the "Capital Expenditure Reserve Account").

Appears in 1 contract

Samples: Loan Agreement (Brixmor Property Group Inc.)

AutoNDA by SimpleDocs

Capital Expenditure Reserve Account. (a) On or prior to the Closing Date, Borrower Borrowers shall establish and thereafter maintain with the Mezzanine Cash Management Bank an account for the purpose of reserving amounts in respect of Capital Expenditures (the "Capital Expenditure Reserve Account").

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Ventas Inc)

Capital Expenditure Reserve Account. (a) On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Cash Management Bank an account (which may be a subaccount of the Cash Management Account maintained on a ledger basis) for the purpose of reserving amounts in respect of Capital Expenditures (the "Capital Expenditure Reserve Account").

Appears in 1 contract

Samples: Management Agreement (American Casino & Entertainment Properties LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.