Common use of Capital Expenditure Reserve Account Clause in Contracts

Capital Expenditure Reserve Account. A breach by Lessee of its obligation to fund and maintain the minimum required aggregate amounts in the Capital Expenditure Reserve Account as provided in Section 4.1(a) hereof and Section 3.7(d) of the Property Leases subject to any notice and cure periods contained in the Property Leases.

Appears in 2 contracts

Samples: Master Agreement (Arlington Hospitality Inc), Master Agreement (PMC Commercial Trust /Tx)

AutoNDA by SimpleDocs

Capital Expenditure Reserve Account. A breach by Lessee of its obligation to fund and maintain the minimum required aggregate amounts in the Capital Expenditure Reserve Account as provided in Section 4.1(a) hereof and Section 3.7(d) of the Property Leases subject to any notice and cure periods period contained in the Property Leases.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Amerihost Properties Inc), Purchase and Sale Agreement (PMC Commercial Trust /Tx)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!