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.
Appears in 3 contracts
Samples: Deed of Lease, Deed of Lease, Deed of Lease
Capital Reserve. Commencing upon Substantial Completion of the Project, Tenant willshall, 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 $300.00250.00/Residential Unit per annum, escalating each year by the increase in the Consumer Price Index for the year in question.question.
Appears in 2 contracts
Samples: www.fairfaxcounty.gov, Comprehensive Agreement
Capital Reserve. Commencing upon Substantial Completion of the Project, Tenant willshall, 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 Three Hundred Dollars ($300.00/Residential 300)/Residential Unit per annum, escalating each year by the increase in the Consumer Price Index for the year in question.question.
Appears in 2 contracts
Samples: Deed of Lease, Deed of Lease
