Capital Replacement Fund definition

Capital Replacement Fund means the cumulative amount of the Capital Replacement Reserve accrued by Landlord, together with interest thereon as provided in Section 12.4, less amounts withdrawn from the Capital Replacement Fund as provided in Section 12.4
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Capital Replacement Fund means the subfund of the Neighbours’ Fund that is comprised of a reserve of funds to pay for the cost of inspecting, improving, extending, altering, repairing, maintaining and replacing Facilities and Amenities.
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Capital Replacement Fund means a fund established by the Scheme Operator pursuant to Section 91 of the Act for replacing Capital Items.
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Examples of Capital Replacement Fund in a sentence

  • Capital Replacement Fund - This fund is used to account for resources designated for planned replacement of major capital items for various departments within the City.

  • The cost of replacing these items is covered by the Capital Replacement Fund.

  • The Board of Library Trustees may designate that a specific source of revenue be set aside for the Operating Reserve and the Library Capital Replacement Fund.

  • The Scheme Operator will establish the Capital Replacement Fund pursuant to the Act and will pay and hold the funds pursuant to the Act in an account entitled ‘The Lakes Residential Retirement Village Secured Capital Replacement Fund Account’.

  • The Scheme Operator will provide, at the request of the Resident, copies of the audited and unaudited financial statements for the retirement village for each financial year and copies of the quarterly financial statements for the Capital Replacement Fund and Maintenance Reserve Fund.


More Definitions of Capital Replacement Fund

Capital Replacement Fund means the fund referred to in clause 10.6. ‘Communal Facilities’ means the buildings, surrounding facilities and other areas that the Scheme Operator makes available for use by residents of the Retirement Village from time to time. As at the date the PCD was given to the Resident, the Communal Facilities include:
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Capital Replacement Fund means the amount of the Capital Replacement Reserve, together with interest thereon as provided in Section 9.1, less amounts withdrawn from the Capital Replacement Fund as provided in Section 9.1.
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Capital Replacement Fund means the capital replacement fund maintained under regulation 59;
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Capital Replacement Fund means the fund established by the Scheme Operator in accordance with the Act for the replacement of capital items in the Retirement Village.
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Capital Replacement Fund shall have the meaning set forth in Section 5.4.1.4.
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Capital Replacement Fund is a replacement reserve fund which shall be established and maintained by the Casino Operator in a segregated account as an assurance fund to guarantee all necessary Capital Replacements to the Casino. The Capital Replacement Fund shall be maintained in an Approved Financial Institution or invested in U.S. government securities, certificates of deposit issued by an Approved Financial Institution or any other investments Approved by the Gaming Board.
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Capital Replacement Fund means a fund or account established which will be used by the City to pay for the a) non-normal repair, b) replacement, or c) significant enhancement of the capital improvements at the Destination Tournament Soccer Complex, including turf, lighting, concession stands, restrooms, surface access or other infrastructure needs at the complex, as agreed to by the parties.
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