Capital Expenditure Reserve Amount definition

Capital Expenditure Reserve Amount means, for any quarter, the greater of (i) 6% of EBITDA for such quarter or (ii) the average quarterly capital expenditures, leasing commissions and tenant improvement costs except for leasing commissions and tenant improvement costs associated with the initial leasing of space not previously occupied (i.e., first generation space) for the four most recently completed quarters.

Capital Expenditure Reserve Amount means with respect to any Person or property, a reserve for replacements and capital expenditures equal to $.10 per square foot of building space located on all Real Estate owned by such Person, other than Real Estate subject to leases which provide that the tenant is responsible for all building maintenance.

Capital Expenditure Reserve Amount means, for any period, 4% of the trailing twelve (12) month gross revenues.

Examples of Capital Expenditure Reserve Amount in a sentence

• The Commission failed to document dates of collection necessary to determine whether deposits were made within one business day of receipt.

• If Eligible Expenditures for a Capital Expenditure Period exceed the 42 50 sum of the maximum possible amount of Capital Expenditure Reserve Amount due for that Fiscal Quarter plus the then balance in the Capital Expenditure Reserve Account at that time, Tenant shall be entitled to recoup such excess out of the balance remaining in the Capital Expenditure Reserve Account as of the end of each succeeding Fiscal Quarter until Tenant has fully recouped said excess.

• As of the end of any fiscal quarter, the sum of (a) (i) the aggregate EBITDA attributable to Medical Properties (which are not also Construction-in-Process) for such quarter calculated for this purpose without including any lease termination fees or insurance or condemnation proceeds otherwise includable therein for such periods in accordance with the definition of EBITDA, multiplied by (ii) four (4), minus (b) the Capital Expenditure Reserve Amount.

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More Definitions of Capital Expenditure Reserve Amount

Capital Expenditure Reserve Amount means, for any period, an amount equal to (i) $300 multiplied by the number of apartment units contained in all Projects multiplied by (ii) a fraction, the numerator of which is equal to the number of days in such period and the denominator of which is equal to 365.

Capital Expenditure Reserve Amount means, for any period, an amount equal to (i) $350 multiplied by the number of apartment units contained in all Projects multiplied by (ii) a fraction, the numerator of which is equal to the number of days in such period and the denominator of which is equal to 365.

Capital Expenditure Reserve Amount means, for any period, 5CENTS per square foot of leasable space in Unencumbered Assets (on an annualized basis).

Capital Expenditure Reserve Amount means, for any quarter, $0.20 per square foot multiplied by the total square footage of all in-service Projects owned by the Borrower, General Partner and their Subsidiaries as of the last day of such quarter, as publicly reported in the consolidated quarterly or annual financial statements of the General Partner, the Borrower and their Subsidiaries included in the General Partner’s filings with the SEC on Forms 10Q or 10K, divided by four.

Capital Expenditure Reserve Amount means, for any quarter, the greater of (i) $0.10 per square foot for industrial assets and $1.25 per square foot for office and other assets (each based on the square footage of such assets owned by the Borrower, General Partner and their Subsidiaries as of the last day of such quarter), divided by four or (ii) the average quarterly capital expenditures, leasing commissions and tenant improvement costs except for leasing commissions and tenant improvement costs associated with the initial leasing of space not previously occupied (i.e., first generation space) for the four most recently completed quarters.

Capital Expenditure Reserve Amount means, for any period, with respect to a Project an amount equal to (i) $300 multiplied by the number of apartment units contained in such Project multiplied by (ii) a fraction, the numerator of which is equal to the number of days in such period and the denominator of which is equal to 365. “CAPITALIZATION RATE” means 7.75%; provided, however, that if the occupancy level of any Unencumbered Eligible Project falls below 75%, the Capitalization Rate used with respect to such Unencumbered Eligible Project for purposes of determining the Total Unencumbered Property Value with respect to such Unencumbered Eligible Project shall be 10.00%; provided further, however, that the Capitalization Rate shall be reviewed from time to time at the request of any Lender by the Administrative Agent and the Lenders and shall be subject to adjustment from time to time by the Required Lenders, acting in their sole discretion, based upon market conditions for comparable property types.

Capital Expenditure Reserve Amount means, for any period, 5(cent) per square foot of leasable space in Unencumbered Assets (on an annualized basis).