Capital Expenditure Reserve Account definition

Capital Expenditure Reserve Account has the meaning set forth in Section 3.6(a).
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Capital Expenditure Reserve Account shall have the meaning set forth in Section 5.5 hereof.
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Capital Expenditure Reserve Account shall have the meaning ascribed to such term in Section 3.7 hereof.
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Examples of Capital Expenditure Reserve Account in a sentence

  • All amounts in the Capital Expenditure Reserve Account are the property of Lessor.

  • Lessee shall have no interest in the Capital Expenditure Reserve Account other than with respect to the funding of amounts in a Capital Budget approved by Lessor.

  • Amounts deposited in the Capital Expenditure Reserve Account pursuant to this Section 5.5 are referred to herein as the “Capital Expenditure Reserve Fund”.

  • Any funds escrowed pursuant to a Franchise Agreement or Mortgage and designated for Capital Expenditures shall be deemed to be part of the Capital Expenditure Reserve Account for the applicable Leased Property.

  • The Capital Expenditure Reserve Account for each Facility may be commingled by Lessor with similar accounts of Lessor with respect to other hotel properties leased by Lessor to Lessee.


More Definitions of Capital Expenditure Reserve Account

Capital Expenditure Reserve Account means the account of such name created under and defined in the Depositary Agreement.
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Capital Expenditure Reserve Account. Commitment," "Fixed Charges," "Maturity Date," "Management Company" and "Maximum Availability," and "Total Property Value" to read as follows:
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Capital Expenditure Reserve Account means the account established pursuant to Clause 23.7 (Capital Expenditure Reserve Account).
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Capital Expenditure Reserve Account means the Account of such name established pursuant to Section 2.02. ----
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Capital Expenditure Reserve Account shall have the meaning set forth in Section 2.15(a) hereof.
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Capital Expenditure Reserve Account has the meaning set forth in Section 3.6(a). “Cash Management Account” has the meaning set forth in Section 3.1(a). “Cash Management Agreement” means that certain Cash Management Agreement, dated as of the Closing Date, among Borrower, Lender and the Cash Management Bank that maintains the Cash Management Account as of the Closing Date, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith. 3
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Capital Expenditure Reserve Account has the meaning ascribed thereto in Annex B.
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