Capital Reserve. Commencing upon Substantial Completion of the Project, Tenant shall, on the first day of each month during the Term, make monthly deposits to a capital reserve fund (the “Maintenance Capital Reserve”) in an amount equal to $350.00/Residential Unit per annum, escalating each year by the increase in the Consumer Price Index for the year in question; provided, however, that the FCRHA (i) may agree in its sole discretion, upon the reasonable request of a Mortgagee in connection with its Mortgage, to a lesser Maintenance Capital Reserve amount and (ii) shall, upon the reasonable request of a Mortgagee in connection with its Mortgage, not require the Consumer Price Index escalator with respect to the Maintenance Capital Reserve Amount; provided, further, however, that the FCRHA shall have the right to reinstate the original Maintenance Capital Reserve amount as provided herein and the Consumer Price Index escalator upon the discharge of any such requesting Mortgagee’s Mortgage.
(a) Tenant shall utilize the funds in the Maintenance Capital Reserve to cover the costs of repair and maintenance of the Project, including, without limitation, the Capital Improvements and, in accordance with Section 2.07, the Lateral Support Improvements.
(b) Depository shall hold the monies deposited into the Maintenance Capital Reserve in an interest bearing account for the purpose of paying (or reimbursing Tenant for) the maintenance and repair charges of the Project pursuant to a depository agreement reasonably satisfactory to the FCRHA and Tenant.
(c) Any interest paid on monies deposited with the Depository pursuant to this Section 12.02 shall be added to the Maintenance Capital Reserve.
(d) After the occurrence and during the continuance of an Event of Default and subject to any rights of a Mortgagee, the FCRHA, at the FCRHA’s option, may withdraw any monies from the Maintenance Capital Reserve for the purpose of performing maintenance, repairs or capital improvements for the Project, as the FCRHA may reasonably determine. Notwithstanding the foregoing, this Section 12.02(d) will not apply to the extent that the FCRHA’s rights hereunder would violate or conflict with a Mortgagee’s rights to any Capital Maintenance Reserve for the Project.
(e) The FCRHA shall not be liable for any delay in investing or reinvesting monies deposited with the Depository pursuant to Section 12.02 or for any loss incurred by reason of any such investments, except for any willful misconduct or negligen...
Capital Reserve. For any period, the sum of the Data Center Properties Capital Reserve plus the Medical Properties Capital Reserve.
Capital Reserve. For any period and with respect to any improved Real Estate, an amount equal to $0.25 multiplied by the total square footage of the Buildings in such Real Estate. If the term Capital Reserve is used without reference to any specific Real Estate, then the amount shall be determined on an aggregate basis with respect to all Real Estate of the Borrowers and their Subsidiaries and a proportionate share of all Real Estate of all Unconsolidated Affiliates. The Capital Reserve shall be calculated based on the total square footage of the Buildings owned (or ground leased) at the end of each fiscal quarter, less the square footage of unoccupied space held for development or redevelopment.
Capital Reserve. As at any date of determination, a capital reserve equal to the weighted average of square feet of the Real Estate Assets during the applicable period, multiplied by $0.15 per annum. Capitalization Rate. The Capitalization Rate shall be 8.50%. Capitalized Leases. Leases under which the Borrower or any of its Subsidiaries or any Partially-Owned Entity is the lessee or obligor, the discounted future rental obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with GAAP.
Capital Reserve. Maintain at all times a minimum Estimated Maintenance and Replacement Capital Expenditure Reserve (as defined in the Registration Statement in form F1 dated 12 November 2007 filed in respect of the Borrower under the US Securities act 1933) as the directors of the Borrower may from time to time approve or require.
Capital Reserve. For any period and with respect to any improved portion of a Stabilized Property, an amount equal to $0.25 multiplied by the total raised square footage of the Buildings in such Real Estate. If the term Capital Reserve is used without reference to any specific Real Estate, then the amount shall be determined on a pro rata aggregate basis with respect to all Real Estate of the Borrower and its Subsidiaries and a proportionate share of all Real Estate of all Unconsolidated Affiliates of Parent Company. The Capital Reserve shall be calculated based on the total raised square footage of the Buildings owned (or ground leased) at the end of each fiscal quarter, less the total raised square footage of unoccupied space held for development or redevelopment.
Capital Reserve. On an annual basis, an amount equal to $0.25 per square foot. The Capital Reserve shall be calculated based on the total rentable square footage of the Buildings owned (or ground leased) at the end of each fiscal quarter, less the square footage of unoccupied space held for development or redevelopment.
Capital Reserve. Commencing upon Substantial Completion of the Project, Tenant will, on the first day of each month during the Term, make monthly deposits to a capital reserve fund (the “Maintenance Capital Reserve”) in an amount equal to $300.00/Residential Unit per annum, escalating each year by the increase in the Consumer Price Index for the year in question.
(a) Tenant will utilize the funds in the Maintenance Capital Reserve to cover the costs of repair and maintenance of the Project, including, without limitation, Capital Improvements.
(b) Depository will hold the monies deposited into the Maintenance Capital Reserve in an interest-bearing account for the purpose of paying (or reimbursing Tenant for) the maintenance and repair charges of the Project pursuant to a depository agreement reasonably satisfactory to Landlord and Tenant.
(c) Any interest paid on monies deposited with the Depository pursuant to this Section
Capital Reserve. For any period and with respect to any Real Estate, an amount equal to $0.15 per annum multiplied by the weighted average total square footage of the Buildings in such Real Estate during such period.
Capital Reserve. For any period and with respect to any improved multifamily Real Estate, an amount equal to (i) $200 per apartment unit multiplied by (ii) a fraction, the numerator of which is the number of days in such period and the denominator of which is 365. For any period and with respect to any improved office Real Estate an amount equal to (i) $0.25 multiplied by (ii) the square footage of all office Real Estate multiplied by (iii) a fraction, the numerator of which is the number of days in such period and the denominator of which is 365. For any period and with respect to any improved Real Estate which is not multifamily or office Real Estate, an amount equal to (i) $0.15 multiplied by (ii) the square footage of any such Real Estate multiplied by (iii) a fraction, the numerator of which is the number of days in such period and the denominator of which is 365. If the term Capital Reserve is used without reference to any specific Real Estate, then the amount shall be determined on an aggregate basis with respect to all Real Estate of REIT and its Subsidiaries and a proportionate share of all Real Estate of all Unconsolidated Entities. Capitalization Rate. Six and three-quarters percent (6.75%).
