Replacement reserves definition
Replacement reserves or ‘RR’ means the active power reserves available to restore or support the required level of FRR to be prepared for additional system imbalances, including generation reserves;
Replacement reserves means funds for the upkeep, repair, or replacement of those parts of the property, including but not limited to roofs, walls, decks, paving, and equipment, that the association is obligated to maintain.
Replacement reserves means $250 per year per bed in each Facility (whether or not such Facility is stabilized).
Examples of Replacement reserves in a sentence
SOGL157(4) 8 Replacement reserves Currently not applied in the Nordic synchronous area, therefore this chapter is empty.
Replacement reserves will be established by the Owner, and will be used to repair or replacement items as set forth in Section 6.
Replacement reserves shall not be used for purposes other than capital replacements or improvements to the Project, without the prior written consent of the DEPARTMENT.
At the completion of the thirty-year loan cycle, WRA and PCA will develop a long-term Capital Improvement Plan, which includes establishing an appropriate level of Renewal and Replacement reserves.
RLM shall charge a fee for administering the invested Replacement reserves based upon the form of investment.
More Definitions of Replacement reserves
Replacement reserves means funds set aside to cover some or all of the cost to replace assets as they are used up (for example, roof, plumbing, and appliances. These are “Capitalized costs” if shown on the development budget.
Replacement reserves or 'RR' means the reserves used to restore or support the required level of FRR to be prepared for additional system imbalances, including operating reserves;
Replacement reserves means funds for the upkeep, repair, or replacement of those
Replacement reserves means funds for the upkeep, repair, or replacement of those parts of the property, including but not limited to roofs, walls, decks, paving, and equipment, that the association is obligated to maintain. [L 2004, c 164, pt of §2; am L 2005, c 93, §7]
Replacement reserves means reserves maintained during the Qualified Project period and funded out of Residual Receipts, loan advances, equity, or other sources and set aside for replacement of roofing, furniture, fixtures, equipment and other capital expenditures. The annual amount set aside shall provide for a Replacement Reserve to cover replacement of capitalized cost items at no less than three hundred and fifty dollars ($350) per unit per year, ,or such higher amount as may be required by a tax credit investor or senior Mortgagee and approved by Trust.
Replacement reserves means, in relation to electricity, the active power reserves available to restore or support the required level of frequency restoration reserves to be prepared for additional system imbalances;
Replacement reserves means, with respect to any Person for any period, an allowance for a normal level of recurring capital expenditures and lease commissions equal to the following: (a) for any Completed Properties (as determined from the date of the issuance of the final certificate of occupancy for such Completed Property) that have been completed for a period of five years or less, an amount equal to $150 multiplied by (i) in the case such Completed Property is owned by the Borrower or a Subsidiary of the Borrower, the number of apartment units on such Completed Property and (ii) in the case such Completed Property is owned by an Unconsolidated Joint Venture of the Borrower, the product of (x) the Borrower's pro-rata beneficial interest in such Unconsolidated Joint Venture and (y) the number of apartment units on such Completed Property and (b) for Completed Properties (as determined from the date of the issuance of the final certificate of occupancy for such Completed Property) that have been completed for a period of greater than 5 years, an amount equal to $200 multiplied by (i) in the case such Completed Property is owned by the Borrower or a Subsidiary of the Borrower, the number of apartment units on such Completed Property and (ii) in the case such Completed Property is owned by an Unconsolidated Joint Venture of the Borrower, the product of (x) Borrower's pro-rata beneficial interest in such unconsolidated Affiliate and (y) the number of apartment units on such Completed Property.