CapEx Reserve definition

CapEx Reserve means, at any time, the sum determined by taking 50% of the amount, if any, by which (a) the product of $4,000,000 and the number of Fiscal Years completed at such time since the Fiscal Year ending July 31, 1995, exceeds (b) the aggregate Unfunded Capital Expenditures for all Fiscal Years completed at such time since the Fiscal Year ending July 31, 1995.
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CapEx Reserve. As defined in Section 9.1(e)(iv).
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CapEx Reserve means a bank account complying with the requirements of ------------- Section 5.07 established by the Borrower with the Administrative Agent.
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Examples of CapEx Reserve in a sentence

  • Tenant acknowledges that the impounding of such funds in the CapEx Reserve shall constitute a true escrow, and that Tenant has no, and hereby waives any, interest in or right or title to any funds escrowed pursuant to this Section 8.3, whether legal, equitable, beneficial or otherwise.

  • To finance Plan TAKKAL, the government created a Special Energy Sector Support Fund (FSE), which is financed by the state budget, special levies earmarked for that purpose, and contributions from foreign partners.

  • XPFRONT ESCROW --------------------------------------------------------------------------------------------- Loan # Letter of Credit Upfront CapEx Reserve Upfront Eng.

  • Budget Adjustments that are not offset by increased revenue and expense reduction is considered a reduction to excess revenues that, after meeting the Operating Reserve and the CapEx Reserve requirements (which are already budgeted for in current FY 2019/20 budget) are used to prepay the StadCo Subordinated Loan.

  • On the Closing Date and on each Scheduled Payment Date thereafter during the term of the Loan, Borrower shall deposit with Lender into the CapEx Reserve $9,333.33 (the "Monthly CapEx Reserve Deposit").


More Definitions of CapEx Reserve

CapEx Reserve means, as of any date of determination and with respect to any Property, an amount equal to the product of (a) $250 multiplied by (b) the number of units located at such Property.
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CapEx Reserve shall have the meaning given such term in Section 5.2.1.
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CapEx Reserve means the reserve held by Lender consisting of any amounts deposited with Lender pursuant to Section 2.5.1(b) and Section 2.6(d), which shall be applied by Lender for the purposes of paying Approved CapEx in accordance with and subject to the terms hereof.
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CapEx Reserve means the amount, initially $300,000, deposited in the Restricted Payment Account to make CapEx Reserve Payments when due, as such amount is reduced by the amount of any CapEx Reserve Payments made in accordance with Section 8.5.
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CapEx Reserve shall have the meaning set forth in Section 3.2.
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CapEx Reserve. An Eligible Account for the benefit of Tenant.
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CapEx Reserve as set forth on the Underwriting Schedule for the relevant metropolitan statistical area in which such Property is located, plus ​
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