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

• Repairs and Maintenance Required by State Law The Borrower will maintain the Replacement Reserve created by the HUD Regulatory Agreement (as such term is defined in the Regulatory Agreement) or a similar account for the longer of: (a) the period of time required pursuant to the HUD Regulatory Agreement, or (b) the State Reserve Period (as such term is defined in the Regulatory Agreement) as required by Section 2306.186 of the Texas Government Code.

• Approve the transfer of $8,700 from Equipment Replacement Reserve Fund (Fund 7510) to the General Fund (Fund 1010)2.

• After the standard for B.1.has been met, full funding of initial level of funding of Capital Improvement and Replacement Reserve.

• Table 1 Fund shifts in relation to the capital programme for 2023/24Major Fund Source R Thousand Original Budget 2023/24 Proposed Budget 2023/24 Increase/ DecreaseCapital Replacement Reserve (CRR)1 262 2791 363 989101 710Capital Grants & Donations (CGD)2 776 1592 782 6596 500External Financing Fund (EFF)6 846 9667 153 443306 477Revenue102 285104 6582 373TOTAL10 987 68911 404 749417 060 The major increases and decreases in the 2023/24 financial year, as reflected in Table 1, are explained below.

• ERCOT Dispatch Instructions identifiable to a specific QSE, except for Out of Merit Capacity (OOMC) and Out of Merit Energy (OOME) deployments as provided in paragraphs (10), (11) and (12) of Section 6.5.10, Out of Merit Capacity and Out of Merit Energy Services, and Replacement Reserve Service (RPRS) deployments for Local Congestion as provided in paragraph (11) of Section 6.5.6, Replacement Reserve Service.

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 in Schedule 2.6(a).

Replacement Reserve has the meaning assigned to such term in Section 3.6.