Replacement Reserve definition

Replacement Reserve. As defined in Section 9.5.1.
Replacement Reserve or “RR” is the additional MW output (and/or reduction in Demand) required compared to the pre-incident output (or Demand) which is fully available and sustainable over the period from 20 minutes to 1 hour following an Event;
Replacement Reserve shall have the meaning set forth in Section 6.5(e).

Examples of Replacement Reserve in a sentence

  • The insufficiency of any balance in the Replacement Reserve Account shall not relieve Borrower from its obligation to fulfill all preservation and maintenance covenants in the Loan Documents.

  • If any balance is remaining in the ODR after the payments above, the amount should be placed in a Replacement Reserve account for the Development.

  • A subsequent CNA is required no later than the 15th year after the Initial Replacement Reserve Date and subsequently every five (5) years thereafter.

  • A subsequent CNA, meeting the parameters of this section, is required no later than the 15th year after the Initial Replacement Reserve Date and subsequently every five (5) years thereafter.

  • An inflation factor based upon the Consumer Price Index will be applied to the Replacement Reserve deposit beginning in Year 7, unless waived or reduced in the event Obligor provides a Physical Needs Study prepared by an independent third party acceptable to FHFC that evidences an increase in the deposit is excessive or unnecessary.


More Definitions of Replacement Reserve

Replacement Reserve means the reserve established pursuant to Section 6.4.
Replacement Reserve means (i) with respect to any Real Estate owned or leased by the Borrower or an Eligible Subsidiary, an amount equal to twenty cents ($.20) per annum multiplied by the Net Rentable Area of such Real Estate, and (ii) with respect to any Real Estate that is subject to an EPR Senior First Mortgage, an amount equal to twenty cents ($.20) per annum multiplied by Borrower’s reasonable good faith estimate of what the Net Rentable Area of such Real Estate would have been had such Real Estate been subject to a Lease rather than an EPR Senior First Mortgage.
Replacement Reserve. With respect to any Mortgage Loan, the amounts required to be paid by the Mortgagor pursuant to the Mortgage Loan Documents for payment of costs and expenses in connection with the performance of work on the roofs, chimneys, gutters, downspouts, paving, curbs, ramps, driveways, balconies, porches, patios, exterior walls, exterior doors and doorways, windows, elevators and mechanical and HVAC equipment or other repairs on the related Mortgaged Property.
Replacement Reserve has the meaning set forth in Section 7 hereof.
Replacement Reserve means an account for the segregation of resources to meet capital consumption of personal or real property.
Replacement Reserve has the meaning assigned to such term in Section 3.6.
Replacement Reserve has the meaning assigned in Schedule 2.6(a).