Permitted FF&E definition
Examples of Permitted FF&E in a sentence
For the avoidance of doubt, any funds disbursed from the FF&E Reserve and spent on and/or as reimbursement for the costs of Capital Expenditures that constitute Permitted FF&E Expenditures shall be applied toward the Minimum Cap Ex Requirements.
Tenant shall be entitled to use FF&E Reserve Funds solely for the purpose of paying for (or reimbursing Tenant for) the cost of Permitted FF&E Expenditures.
For the avoidance of doubt, any funds disbursed from the FF&E Reserve and spent on and/or as reimbursement for the costs of Permitted FF&E Expenditures shall be applied toward the minimum Required CapEx set forth in Section 9.1(e).
Unless a Default or an Unmatured Default has occurred and is continuing, funds deposited in the FF&E Reserve Account (the amount on deposit therein from time to time, the "FF&E Reserve") may be withdrawn by the Co-Borrower from time to time as necessary to pay for Permitted FF&E Expenditures as the same are incurred.