Capital Improvement Account definition

Capital Improvement Account shall have the meaning given to such term in SECTION 9.9.

Capital Improvement Account is defined in Section 4.11.

Capital Improvement Account means a deposit account held by the Debtor into which the proceeds of the CapEx DIP Loans shall be deposited.

Examples of Capital Improvement Account in a sentence

• The said Children's Home Capital Improvement Account shall also include additional funds transferred at the request of the Delaware County clerk and the Delaware County prosecutor and that all of the funds so held in said Children's Home Capital Improvement Account shall only be appropriated for the purpose of making capital improvements to the Delaware County Children's Home.(Resolution, Commissioners' meeting, 3/26/90, Council meeting, 3/27/90) 1-7-3.

• Mr. Pennell stated the Lancaster County Board of Supervisors directed that future expenditures from the Capital Improvement Account be specifically approved at a regular meeting of the Board of Supervisors.

• Assets of the Capital Improvement Account may be commingled with assets of the Primary Trust Account for purposes of investment, but must be accounted for and reported separately as if they are assets of a separate and distinct fund.

• County agrees that one hundred percent (100%) of the GCIF will be deposited in a separate Capital Improvement Account exclusively for said funds.

• The taxes will be credited to the Capital Improvement Account of the Debt Service Fund above provided and will be in the years and amounts as set forth in EXHIBIT C attached hereto.

More Definitions of Capital Improvement Account

Capital Improvement Account means the Capital Improvement Account created by Section 12 of this Ordinance.

Capital Improvement Account means an account established within the flow of funds prescribed in Article 8 hereof and allowable within the General Fund established in the Bond Documents. After annual deposits to the Capital Improvement Account have reached one million dollars ($1,000,000) in any one Fiscal Year, the CITY shall then deposit additional revenues in the Revenue Credit Account up to five hundred thousand dollars ($500,000). Sixty percent (60%) of the revenue remaining after satisfying the requirements of the flow of funds established in the Bond Documents shall be deposited into the Capital Improvement Account. CITY shall use the Capital Improvement Account for any lawful purpose at its sole discretion. Capital Improvements funded from the Capital Improvement Account will be amortized and included in the calculation of rentals and fees as set forth in Article 6. Common Use Formula shall mean the formula used to prorate the specified charge on the basis of twenty percent (20%) of the total monthly rental divided equally among all such Air Transportation Companies using such space. The remaining eighty percent (80%) of the total monthly rental shall be apportioned among all such Airlines on the ratio of the number of each Air Transportation Companies' enplaning passengers at the Airport, during the most recent month for which such information is available, to the total number of enplaning passengers of all Air Transportation Company users at the Airport, during that same month, or such other formula as may be agreed upon by all Signatory Airlines using the service or space. Common Use Space shall mean space and facilities leased under this Agreement to AIRLINE and to all other Air Transportation Companies operating at the Airport for their shared use. Coverage shall mean, for any series of Bonds, an amount equal to the requirement set forth in the Bond Documents. Coverage Account shall mean an account established within the flow of funds prescribed in Article 8 and in accordance with the General Fund established in the Bond Documents to fund twenty-five percent (25%) of the annual Debt Service Requirement. If at any time the balance in the Coverage Account falls below the required amount of twenty-five percent (25%) of the Debt Service Requirement, the deficiency shall be made up from Revenues.

Capital Improvement Account. Means a deposit account in the name of --------------------------- Tenant maintained in South Carolina with a major bank selected by Tenant.

Capital Improvement Account. Means a deposit account in the joint --------------------------- names of Landlord and Tenant maintained in California with a major bank selected by Tenant, subject to Landlord's prior reasonable approval.

Capital Improvement Account. Means a deposit account in the name --------------------------- of Tenant maintained in Texas with a major bank selected by Tenant.

Capital Improvement Account has the meaning set forth in the Credit Agreement.

Capital Improvement Account means the segregated trust or custodial account designated as the “Capital Improvement Account” pursuant to Section 3.5(a) of the Custodial and Paying Agency Agreement.