Replacement and Maintenance Reserve definition

Replacement and Maintenance Reserve shall have the meaning ascribed to it in Article 17.2.1;
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Replacement and Maintenance Reserve means a Sub-Account of the Escrow Account, for wherein a reserve shall be maintained towards the O&M Expenses in respect of the Project, and shall be exclusively so applied, in accordance with the terms of this Escrow Agreement;
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Examples of Replacement and Maintenance Reserve in a sentence

  • Funds in excess of this amount shall be transferred to the PotashCorp Playland Asset Replacement and Maintenance Reserve as part of Capital Reserve Bylaw No. 6774.

  • Such filings shall be made by the Purchaser, provided, however, that the contents of such filings shall require prior written approval of the Seller, which shall not unreasonably be withheld or delayed.

  • Consistency with Relevant Comprehensive Plan PoliciesWe reviewed the City’s 2018 Comprehensive Plan update.

  • In the event of any shortfall in the Replacement and Maintenance Reserve, resulting the Replacement and Maintenance Reserve ceasing to represent the entire Required Amount, whether by virtue of a withdrawal therefrom or otherwise, at the end of any calendar months, the Facility Manager shall be required to top-up the Replacement and Maintenance Reserve, within a period of seven (7) days therefrom.

  • RESERVESa. Life MembershipThe life membership reserve consists of life membership subscriptions and interest less annual transfer of 10% of balance to General Funds.b. Plant PurchaseThe Plant Purchase Replacement and Maintenance Reserve, was set up in 1992 to ensure provision for replacement and maintenance of plant and is not currently funded as it is considered the Reserve is more than adequate.

  • The Plant Purchase Replacement and Maintenance Reserve, wasSouthern Bird adverts 175 164 Notornis/Library Exchanges1,7002,000Papers in Notornis5,7762,178 7,651 4,342 7A.

  • Plant PurchaseThe Plant Purchase Replacement and Maintenance Reserve, was set up in 1992 to ensure provision for replacement and maintenance of plant and is not currently funded as it is considered the Reserve is more than adequate.

  • CASHFLOW STATEMENTPosting Refund0957 The Plant Purchase Replacement and Maintenance Reserve, wasquarterly journal to be held for eventual sale to libraries, institu- tions and new members.Holdings are now reduced to only nominal value.

  • See Understanding the Codex Alimentarius,http://www.fao.org/documents/show_cdr.

  • The Facility Manager shall build up the Replacement and Maintenance Reserve in such manner as it deems fit, so as to ensure that the Replacement and Maintenance Reserve has amounts equivalent to the Required Amount standing to its credit on or prior to the Appointed Date, and thereafter maintain amounts equivalent to the Required Amount in the Replacement and Maintenance Reserve throughout the Term.

Related to Replacement and Maintenance Reserve

  • Operation and Maintenance Costs means the costs of:

  • Planned Maintenance means any Maintenance BT has planned to do in advance.

  • Deferred Maintenance means improvements necessary for continued operations which do not improve productivity or alter the process technology.

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Operation and Maintenance or “O&M” shall mean all activities required to operate, maintain, and monitor the effectiveness of the RA as specified in the SOW or any EPA-approved O&M Plan.

  • Maintenance Adder means an adder that may be included to account for variable operation and maintenance expenses in a Market Seller’s Fuel Cost Policy. The Maintenance Adder is calculated in accordance with the applicable provisions of PJM Manual 15, and may only include expenses incurred as a result of electric production. Manual Load Dump Action:

  • Routine maintenance means actions performed on a regular or controllable basis or in response to uncontrollable events upon a highway, road, street, or bridge. Routine maintenance includes, but is not limited to, 1 or more of the following:

  • Scheduled Maintenance means any adjustment, repair, removal, disassembly, cleaning, or replacement of components or systems required by the manufacturer which is performed on a periodic basis to prevent part failure or equipment or engine malfunction, or anticipated as necessary to correct an overt indication of malfunction or failure for which periodic maintenance is not appropriate.

  • Operations and maintenance means a project delivery method in which the District enters into a single contract for the routine operation, routine repair, and routine maintenance of an infrastructure facility.

  • AMPS Basic Maintenance Amount, as of any Valuation Date, means the dollar amount equal to (i) the sum of (A) the product of the number of shares of AMPS and Other AMPS Outstanding on such Valuation Date multiplied by the sum of (a) $25,000 and (b) any applicable redemption premium attributable to the designation of a Premium Call Period; (B) the aggregate amount of cash dividends (whether or not earned or declared) that will have accumulated for each share of AMPS and Other AMPS Outstanding, in each case, to (but not including) the end of the current Dividend Period that follows such Valuation Date in the event the then current Dividend Period will end within 49 calendar days of such Valuation Date or

  • Yield Maintenance Account The separate trust account maintained and held by the Trustee pursuant to Section 3.16, which account shall bear a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the Trust on behalf of the Class A Certificateholders, and which account provides that the Trustee may make, or cause to be made, withdrawals therefrom in accordance with Section 3.16.

  • Maintenance area means any geographic region of the United States previously designated nonattainment pursuant to the CAA Amendments of 1990 and subsequently redesignated to attainment subject to the requirement to develop a maintenance plan under §175A of the CAA, as amended.

  • Replacement Reserve As defined in Section 9.5.1.

  • Yield Maintenance Charge With respect to any Mortgage Loan or Serviced Companion Loan, the yield maintenance charge or prepayment premium, if any, payable under the related Note in connection with certain prepayments.

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Yield Maintenance Amount means, with respect to any Note, an amount equal to the excess, if any, of the Discounted Value of the Called Principal of such Note over the sum of (i) such Called Principal plus (ii) interest accrued thereon as of (including interest due on) the Settlement Date with respect to such Called Principal. The Yield-Maintenance Amount shall in no event be less than zero.

  • Yield Maintenance Agreement The yield maintenance agreement between the Trustee, on behalf of the Trust, and the Counterparty, which will be primarily for the benefit of the Class 1-CB-1 Certificates, substantially in the form attached hereto as Exhibit Q. The Yield Maintenance Agreement shall not be an asset of any REMIC formed under this Agreement.

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of the Note or the principal amount of a Defeased Note, as applicable, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments.

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Utility Reservations means Seller’s interest in the right to receive immediately on and after Closing and continuously consume thereafter water service, sanitary and storm sewer service, electrical service, gas service and telephone service on and for the Land and Improvements in capacities that are adequate continuously to use and operate the Improvements for the purposes for which they were intended, including, but not limited to (i) any right to the present and future use of wastewater, drainage, water and other utility facilities to the extent such use benefits the Real Property, (ii) any reservations of or commitments covering any such use in the future, and (iii) any wastewater capacity reservations relating to the Real Property. Buyer shall be responsible for any requests or documents to transfer the Utility Reservations, at Buyer’s sole cost and expense.

  • Yield Maintenance Period means the period from and including the date of this Note until but not including the Scheduled Initial Maturity Date.

  • Maintenance Charges means the charges payable by the applicant to the Maintenance Agency in accordance with the demand raised by the Maintenance Agency for the maintenance and up keep of the said building/ said complex, including common areas and facilities but does not include; (a) the charges for actual consumption of utilities in the Dwelling Unit including but not limited to electricity, water, which shall be charged based on actual consumption on monthly basis and (b) any statutory payments, taxes, with regard to the Dwelling Unit/ said building/said complex.

  • Maintenance work means the repair of existing facilities when the size, type or extent of such facilities is not thereby changed or increased. While “maintenance” includes painting and decorating and is covered under the law, it does not include work such as routine landscape maintenance or janitorial services.

  • maintenance order , in relation to a court, means an order made by a court —

  • Replacement Costs means the expenditures for obtaining and installing equipment, accessories or appurtenances which are necessary during the useful life of the treatment works to maintain the capacity and performance for which such works were designed and constructed.

  • Maintenance Term means the period of time for which Customer has purchased Maintenance Services, as evidenced by the Purchase Order delivered by Customer in connection therewith, together with all renewals effected in accordance with Section 4 of this Agreement.