Estimates and Additional Contributions. Owner acknowledges and agrees that the Replacement Reserve Amount for the Replacement Reserve Fund is an estimate based upon Operator’s prior experience with retail and leased property. As the Crystals Component ages, these percentages may not be sufficient to keep such Replacement Reserve Fund at the levels necessary to make the replacements and renewals to the Equipment of the Crystals Component, or to maintain and repair the Crystals Component in accordance with the Operating Standard. If the aggregate amount for Equipment in the approved Project Budget for an Operating Year exceeds the available funds in the Replacement Reserve Fund, Owner and the General Manager or the Manager, as appropriate, shall consult to mutually:
Estimates and Additional Contributions. If the aggregate amount for the repair, replacement, improvement and maintenance of the Shared Components exceeds the available funds in the Shared Components Reserve Fund or if sufficient funds are not available in the Shared Components Reserve Fund to sufficiently provide for the repair, replacement, improvement and maintenance of the Shared Components in accordance with the Condominium Documents and the Project Budgets, then, in accordance with Section 9 of the Declaration, additional amounts shall collected by Operator to sufficiently replenish the Shared Components Reserve Fund.
Estimates and Additional Contributions. Owner acknowledges and agrees that the Replacement Reserve Amount for the Replacement Reserve Fund is an estimate based upon Resort Hotel and Casino Operator’s prior experience with hotels and casinos. As a Component ages, these percentages may not be sufficient to keep such Replacement Reserve Fund at the levels necessary to make the replacements and renewals to such Component’s Equipment, or to maintain and repair the Component in accordance with the Operating Standard. If the aggregate amount for Equipment in the approved Project Budget for an Operating Year exceeds the available funds in the Replacement Reserve Fund, Owner and General Manager or Manager, as appropriate, shall consult to mutually:
Estimates and Additional Contributions. The percentage contributions for the Replacement Reserve Fund described in Section 5.4.1 above are estimates. As the Hotel ages, these percentages may not be sufficient to keep such Replacement Reserve Fund at the levels necessary to make the replacements and renewals to the Hotel’s Equipment, to make Alterations, or to maintain and repair the Hotel in accordance with the Hotel Standard. If the aggregate amount for Equipment for the Hotel in the approved Capital Budget for an Operating Year exceeds the available funds in the Replacement Reserve Fund, following notice from Operator in accordance with Section 3.5.2, Owner shall, in its discretion, agree to either:
