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 6.6(a).
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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

  • 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.

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

  • 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.

  • 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.

  • Upon request by Lessee not more frequently than twice a year, Lessor shall provide Lessee a written report stating the amounts held in such Capital Expenditure Reserve Account with respect to each Leased Property and amounts disbursed out of said account with respect to each Leased Property during the prior Fiscal Year.


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. As defined in Section 3.5.1 of this Agreement.
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Capital Expenditure Reserve Account. As defined in Section 39.1 below.
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Capital Expenditure Reserve Account. As defined in Section 40 of this Lease.
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