Capital Replacement means the replacement of those items listed on Exhibit F.
Capital Replacement means the replacement of those items listed on Exhibit F and such other replacements of equipment, major components or capital systems related to the Improvements as may be approved in writing or required by Lender.
Capital Replacement means the replacement of those items listed on Exhibit "B" of this Agreement and such other replacements as may be approved in writing or required by Lender.
Examples of Capital Replacement in a sentence
No funding for projects funded from the Capital Replacement Reserve shall be rolled over to the next budget year except in cases where a commitment has been made 90 days (30 March each year) prior the end of that particular financial year.
The Council shall establish a Capital Replacement Reserve (CRR) for the purpose of financing capital projects and the acquisition of capital assets.
Capital Replacement Reserve (CRR) • Council shall establish a CRR for the purpose of financing capital projects and the acquisition of assets.
Borrower will pay all additional amounts required in connection with any such Capital Replacement from Borrower’s own funds.
No funding for projects funded from the Capital Replacement Reserve shall be rolled over to the next budget year except in cases where a commitment has been made at least 30 days (31 May each year) prior the end of that particular financial year.
More Definitions of Capital Replacement
Capital Replacement means an improvement required to maintain the common facilities and areas of the park in a decent, safe and sanitary condition or maintain the existing level of park amenities and services. A Capital Replacement is an expenditure as defined by the United States Internal Revenue Code which replaces, upgrades or repairs an existing improvement, such as, but not limited to, an onsite water or electrical distribution or sewage collection system, a street, a parking area, or common facility, such as a laundry, community kitchen or meeting room. If the expenditure qualifies for treatment as a capital expenditure which must be depreciated under the Internal Revenue Code, it is a Capital Replacement. If it can be fully deducted in one year as a business expense, it does not qualify as a Capital Replacement.
Capital Replacement means the replacement of (i) those items recommended by the engineer and listed in Section VI of the Form 1105 or Form 1108 in the property condition report or physical risk report delivered in connection with the Loans, and (ii) any other items Funding Lender may approve subject to any conditions that Funding Lender may require, all in Funding Lender’s sole and absolute discretion.
Capital Replacement means the substitution, replacement, or reconstruction of a piece of existing equipment, machinery, streets, sidewalks, utility lines, landscaping, structures, or recreational amenities, which materially benefits and adds value to the park.
Capital Replacement means the full replacement of building system assets or its components, such as HVAC systems, that have reached the end of their useful life.
Capital Replacement means any (a) development of, or addition or improvement to, capital assets owned by any Group Member, (b) construction of new, or acquisition or replacement of existing, capital assets by any Group Member or (c) capital contribution by any Group Member to a Person that is not a Subsidiary in which such Group Member has, or after such capital contribution will have, an equity interest to fund such Group Member’s pro rata share of the cost of the development of, or addition or improvement to, capital assets owned by such Person, or the construction of new, or acquisition or replacement of existing, capital assets by such Person, in each case if such development, addition, improvement, construction, acquisition or replacement is made to maintain, over the long term, the production levels of the oil and natural gas properties of the Partnership Group or such Person or the operating capacity of the other assets of the Partnership Group or such Person, in each case existing immediately prior to such development, addition, improvement, construction, acquisition or replacement.
Capital Replacement means the substitution, replacement or reconstruction of a piece of equipment, machinery, streets, sidewalks, utility lines, landscaping, structures or part thereof of a value of five thousand dollars ($5, 000. 00) or more which materially benefits and adds value to the mobilehome park. “Capital replacement costs” means all costs reasonably and necessarily related to the planning, engineering and construction of capital replacement and shall include debt service costs, if any, incurred as a direct result of the capital replacement.
Capital Replacement means the substitution, replacement, or complete reconstruction of a piece of existing equipment, machinery, streets, sidewalks, utility lines, landscaping, structures, or recreational amenities, or similar items within the manufactured home park which materially benefits and adds value to the park., with a life expectancy of three (3) years or more. Capital Replacements must include the substitution or replacement of an entire portion of the existing equipment, machinery, streets, sidewalks, utility lines, landscaping, structures, or recreational amenities. Capital Replacements that are required as a result of improperly deferred maintenance are not eligible Capital Replacements. Capital Replacement items must be permanently fixed in place or relatively immobile. Furniture, computer equipment, televisions, or movable music systems are not Capital Replacements.