Common use of Use and Allocation of Capital Replacement Reserve Clause in Contracts

Use and Allocation of Capital Replacement Reserve. Any expenditures for Capital Replacements which have been budgeted and previously approved may be paid from the Capital Replacement Reserve without further approval from the Business Board. Any amounts remaining in the Capital Replacement Reserve at the close of any year shall be carried forward and retained in the Capital Replacement Reserve until fully used. If the amounts in the Capital Replacement Reserve at the end of any year plus the anticipated contributions to the Capital Replacement Reserve for the next ensuing year are not sufficient to pay for Capital Replacements authorized by the Capital Budget for such ensuing year, then additional funds, in the amount of the projected deficiency, may be advanced by the Manager and reimbursed by the Enterprise from future revenues.

Appears in 3 contracts

Samples: Management Agreement (Lakes Gaming Inc), Management Agreement (Lakes Entertainment Inc), Management Agreement (Lakes Entertainment Inc)

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Use and Allocation of Capital Replacement Reserve. Any expenditures expenditure for Capital Replacements Replacements, which have has been budgeted and previously approved approved, may be paid from the Capital Replacement Reserve without further approval from the Business BoardMBPI. Any amounts remaining in the Capital Replacement Reserve at the close of any year shall will be carried forward and retained in the Capital Replacement Reserve until fully used. If the amounts in the Capital Replacement Reserve at the end of any year plus the anticipated contributions to the Capital Replacement Reserve for the next ensuing year are not sufficient to pay for Capital Replacements authorized by the Capital Budget for such ensuing year, then additional funds, funds in the amount of the projected deficiency, deficiency may be advanced by the Manager MPM and reimbursed by the Enterprise from future revenues; provided, that any such advance does not cause the aggregate development cost to exceed the amount set forth in Section 6.6.

Appears in 2 contracts

Samples: Management Agreement, Management Agreement (Station Casinos Corp.)

Use and Allocation of Capital Replacement Reserve. Any expenditures for Capital Replacements which have been budgeted and previously approved may be paid from the Capital Replacement Reserve without further approval from the Business BoardTribe. Any amounts remaining in the Capital Replacement Reserve at the close of any year shall be carried forward and retained in the Capital Replacement Reserve until fully used. If the amounts in the Capital Replacement Reserve at the end of any year plus the anticipated contributions to the Capital Replacement Reserve for the next ensuing year are not sufficient to pay for Capital Replacements authorized by the Capital Budget for such ensuing year, then additional funds, in the amount of the projected deficiency, may be advanced by the Manager and reimbursed by the Enterprise from future revenues.

Appears in 1 contract

Samples: Management Agreement (Station Casinos Inc)

Use and Allocation of Capital Replacement Reserve. Any expenditures for Capital Replacements which have been budgeted and previously approved may be paid from the Capital Replacement Reserve without further written approval from the Business BoardSHINGLE SPRINGS. Any amounts remaining in the Capital Replacement Reserve at the close of any year shall be carried forward and retained in the Capital Replacement Reserve until fully used. If the amounts in the Capital Replacement Reserve at the end of any year plus the anticipated contributions to the Capital Replacement Reserve for the next ensuing year are not sufficient to pay for Capital Replacements authorized by the Capital Budget for such ensuing year, then additional funds, in the amount of the projected deficiency, may be advanced by the Manager KAR and reimbursed by the Enterprise from future revenues.

Appears in 1 contract

Samples: Management Agreement (Lakes Gaming Inc)

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Use and Allocation of Capital Replacement Reserve. Any expenditures for Capital Replacements which have been budgeted and previously approved may be paid from the Capital Replacement Reserve without further approval from the Business Board. Any amounts remaining in the Capital Replacement Reserve at the close of any year shall be carried forward and retained in the Capital Replacement Reserve until fully used. If the amounts in the Capital Replacement Reserve at the end of any year plus the anticipated contributions to the Capital Replacement Reserve for the next ensuing year are not sufficient to pay for Capital Replacements authorized by the Capital Budget for such ensuing year, then additional funds, in the amount of the projected deficiency, may be advanced by the Manager and reimbursed by the Enterprise from future revenues.. 35

Appears in 1 contract

Samples: Management Agreement (Lakes Gaming Inc)

Use and Allocation of Capital Replacement Reserve. Any expenditures for Capital Replacements which have been budgeted and previously approved may be paid from the Capital Replacement Reserve Account without further approval from the Business BoardEnterprise. Any amounts remaining in the Capital Replacement Reserve Account at the close of any year shall be carried forward and retained in the Capital Replacement Reserve Account until fully used. If the Exhibit 10.10 amounts in the Capital Replacement Reserve Account at the end of any year plus the anticipated contributions to the Capital Replacement Reserve Account for the next ensuing year are not sufficient to pay for Capital Replacements authorized by the Capital Budget for such ensuing year, then additional funds, funds in the amount of the projected deficiency, deficiency may be advanced by the Manager and reimbursed by the Enterprise from future revenuesto be repaid to Manager pursuant to Section 5.4 of this Agreement as a Manager Advance.

Appears in 1 contract

Samples: Gaming Facility Management Agreement (Trump Indiana Inc)

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