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)
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
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
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
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)