Capital Improvement Account definition

Capital Improvement Account shall have the meaning given to such term in SECTION 9.9.
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Capital Improvement Account is defined in Section 4.11.
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Capital Improvement Account means a deposit account held by the Debtor into which the proceeds of the CapEx DIP Loans shall be deposited.
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Examples of Capital Improvement Account in a sentence

  • The Parties agree that the operation of Campus is a not for−profit venture for the Parties as public entities, fulfilling a common mission to build the funds in the Capital Improvement Account.

  • CONSIDER TRANSFER OF FUNDSFORM OPERATING ACCOUNT TO CAPITAL IMPROVEMENT ACCOUNT.Chief Cline presented information, on his recommendation, that the Board transfer $1.5million from the Operating Account to the Capital Improvement Account to fund the planned 2024 Capital Improvements Projects.J. Ekis made a motion to transfer $1.5 million from the Operating Account to the Capital Improvement Account.


More Definitions of Capital Improvement Account

Capital Improvement Account means the Capital Improvement Account created by Section 12 of this Ordinance.
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Capital Improvement Account means an account established within the flow of funds prescribed in Article 8 hereof and allowable within the General Fund established in the Bond Documents. After annual deposits to the Capital Improvement Account have reached one million dollars ($1,000,000) in any one Fiscal Year, the CITY shall then deposit additional revenues in the Revenue Credit Account up to five hundred thousand dollars ($500,000). Sixty percent (60%) of the revenue remaining after satisfying the requirements of the flow of funds established in the Bond Documents shall be deposited into the Capital Improvement Account. CITY shall use the Capital Improvement Account for any lawful purpose at its sole discretion. Capital Improvements funded from the Capital Improvement Account will be amortized and included in the calculation of rentals and fees as set forth in Article 6. Common Use Formula shall mean the formula used to prorate the specified charge on the basis of twenty percent (20%) of the total monthly rental divided equally among all such Air Transportation Companies using such space. The remaining eighty percent (80%) of the total monthly rental shall be apportioned among all such Airlines on the ratio of the number of each Air Transportation Companies' enplaning passengers at the Airport, during the most recent month for which such information is available, to the total number of enplaning passengers of all Air Transportation Company users at the Airport, during that same month, or such other formula as may be agreed upon by all Signatory Airlines using the service or space. Common Use Space shall mean space and facilities leased under this Agreement to AIRLINE and to all other Air Transportation Companies operating at the Airport for their shared use. Coverage shall mean, for any series of Bonds, an amount equal to the requirement set forth in the Bond Documents. Coverage Account shall mean an account established within the flow of funds prescribed in Article 8 and in accordance with the General Fund established in the Bond Documents to fund twenty-five percent (25%) of the annual Debt Service Requirement. If at any time the balance in the Coverage Account falls below the required amount of twenty-five percent (25%) of the Debt Service Requirement, the deficiency shall be made up from Revenues.
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Capital Improvement Account has the meaning set forth in the Credit Agreement.
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Capital Improvement Account. Means a deposit account in the joint --------------------------- names of Landlord and Tenant maintained in California with a major bank selected by Tenant, subject to Landlord's prior reasonable approval.
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Capital Improvement Account. Means a deposit account in the name of --------------------------- Tenant maintained in South Carolina with a major bank selected by Tenant.
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Capital Improvement Account. Means a deposit account in the name --------------------------- of Tenant maintained in Texas with a major bank selected by Tenant.
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Related to Capital Improvement Account

  • Capital Improvement or "Capital Improvement Project" means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities of Local Subdivisions, including real property, interests in real property, and facilities and equipment of Local Subdivisions related or incidental thereto.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Infrastructure improvement means permanent infrastructure that is essential for the public health and safety or that:

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Capital Addition means, with respect to any Property, any renovation, repair or improvement to such Property, the cost of which constitutes a Capital Expenditure.

  • Improvement Plan means the plan required by the Authority from the Supplier which shall detail how the Supplier will improve the provision of the Goods and/or Services pursuant to Clause 29.1.1 (Authority Remedies);

  • Investment Project means an investment in qualified buildings

  • Required Repair Fund shall have the meaning set forth in Section 7.1.1 hereof.

  • Infrastructure Improvements means a street, road, sidewalk, parking facility, pedestrian mall, alley, bridge, sewer, sewage treatment plant, property designed to reduce, eliminate, or prevent the spread of identified soil or groundwater contamination, drainage system, waterway, waterline, water storage facility, rail line, utility line or pipeline, transit-oriented development, transit-oriented property, or other similar or related structure or improvement, together with necessary easements for the structure or improvement, owned or used by a public agency or functionally connected to similar or supporting property owned or used by a public agency, or designed and dedicated to use by, for the benefit of, or for the protection of the health, welfare, or safety of the public generally, whether or not used by a single business entity, provided that any road, street, or bridge shall be continuously open to public access and that other property shall be located in public easements or rights-of-way and sized to accommodate reasonably foreseeable development of eligible property in adjoining areas. Infrastructure improvements also include 1 or more of the following whether publicly or privately owned or operated or located on public or private property:

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Construction Fund means an account specifically identified in the Indenture to hold funds which are currently available for expenditure to acquire or construct public facilities eligible under the Act.

  • Redevelopment project means a specific construction project

  • Home improvement means the remodeling, altering,

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected.  Unsatisfactory: the Educator’s performance on a standard or overall has not significantly improved following a rating of needs improvement, or the Educator’s performance is consistently below the requirements of a standard or overall and is considered inadequate, or both.