Examples of Capital Expenditure Reserve in a sentence
For purposes of determining a Project’s Capital Expenditure Reserve, the property type (retail, office, etc.) will be determined for the Project as a whole based on the source of the majority of the Project’s Gross Revenue (as determined in good faith by the applicable Borrower or Additional Borrower).
The proposals within this paper were approved by F&GP on 18 May 2022 and the Board on 8 June 2022.The Capital Expenditure Reserve has a balance of about £350k.
The actual amount of the loan and payback period can be determined at a future date.To fund the repayments to the PWLB and to future proof the LSDB in respect of future pump replacements/refurbishments the proposal includes the continuation of the annual allocation of funds from the income and expenditure account to the Capital Expenditure Reserve.