CapEx Reserve definition

CapEx Reserve means, at any time, the sum determined by taking 50% of the amount, if any, by which (a) the product of $4,000,000 and the number of Fiscal Years completed at such time since the Fiscal Year ending July 31, 1995, exceeds (b) the aggregate Unfunded Capital Expenditures for all Fiscal Years completed at such time since the Fiscal Year ending July 31, 1995.
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CapEx Reserve means, as of any date of determination and with respect to any Property, an amount equal to the product of (a) $250 multiplied by (b) the number of units located at such Property.
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CapEx Reserve. As defined in Section 9.1(e)(iv).
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Examples of CapEx Reserve in a sentence

  • Tenant acknowledges that the impounding of such funds in the CapEx Reserve shall constitute a true escrow, and that Tenant has no, and hereby waives any, interest in or right or title to any funds escrowed pursuant to this Section 8.3, whether legal, equitable, beneficial or otherwise.

  • The requirements for disbursements of CapEx Reserve Funds and FF&E Reserve Funds identified on Schedule 9.

  • Figure 2 presents the different climate-related issues that Water.org partners report that they and their customers are currently experiencing.

  • Tenant shall be responsible for payment of any federal, state or local income or other tax applicable to the interest earned on the CapEx Reserve Funds credited or paid to Tenant.

  • In the event that as of the expiration or earlier termination of the Lease the Required CapEx for which such CapEx Reserve Funds were deposited has not be satisfied, then Landlord shall be entitled to receive and retain such CapEx Reserve Funds to the extent not satisfied and any remainder shall be released to and retained by Tenant.


More Definitions of CapEx Reserve

CapEx Reserve means a bank account complying with the requirements of ------------- Section 5.07 established by the Borrower with the Administrative Agent.
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CapEx Reserve means the reserve held by Lender consisting of any amounts deposited with Lender pursuant to Section 2.5.1(b) and Section 2.6(d), which shall be applied by Lender for the purposes of paying Approved CapEx in accordance with and subject to the terms hereof.
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CapEx Reserve shall have the meaning given such term in Section 5.2.1.
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CapEx Reserve means a reserve set aside by the Purchasers and which has not been directly or indirectly funded by Senior Debt (except to the extent that it constitutes a drawing on a revolving facility after the date of Financial Close) and which may only be used:
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CapEx Reserve shall have the meaning set forth in Section 5.2.
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CapEx Reserve means, for any Real Property, an amount equal to the product of (i) $250 multiplied by (ii) the number of units located at such Real Property.
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CapEx Reserve is defined in Section 3.3.
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