Capital Expenditure Reserves definition

Capital Expenditure Reserves means, with respect to a Property and for a given period, an amount equal to (a)(i) $300 per annum per bed, for a skilled nursing facility, or per unit for any other Senior Housing Asset, on which the applicable lease does not require the Lessee to pay for all capital expenditures or (ii) an amount equal to $0.40 per square foot per annum for any other Property on which the applicable lease does not require the Lessee to pay for all capital expenditures, times (b) the number of days in such period, divided by (c) 365.
Sample 1Sample 2Sample 3
Capital Expenditure Reserves means, with respect to a Property and for a given period, an amount equal to (a) the aggregate rentable square footage of all completed space of such Property, times
Sample 1Sample 2
Capital Expenditure Reserves means, (i) with respect to a Net Lease Retail Property and for a given period, an amount equal to (a) the aggregate rentable square footage of all completed space of such Property, times (b) $0.10, times (c) the number of days in such period, divided by (d) 365, (ii) with respect to a Multifamily Property (other than senior and student housing) and for a given period, an amount equal to (a) the aggregate number of residential apartment units of such Property, times (b) $250, times (c) the number of days in such period, divided by (d) 365, (iii) with respect to a Multifamily Property that constitutes senior housing, and for a given period, an amount equal to (a) the aggregate number of beds of such Property, times (b) $300, times (c) the number of days in such period, divided by (d) 365, and (iv) with respect to a Multifamily Property that constitutes student housing, and for a given period, an amount equal to (a) the aggregate number of beds of such Property, times (b) $200, times (c) the number of days in such period, divided by (d) 365; provided, however that no Capital Expenditure Reserves shall be required with respect to any portion of a Property which is leased to a third party obligated under such lease to pay all capital expenditures with respect to such portion of such Property.
Sample 1Sample 2Sample 3

Examples of Capital Expenditure Reserves in a sentence

  • For any Person for any period, EBITDA minus (i) the aggregate Minimum Capital Expenditure Reserves for all Real Estate Assets for such period and (ii) straight line rent adjustments for the applicable period.

  • For any Person for any period, EBITDA minus (i) the aggregate Minimum Capital Expenditure Reserves for all Real Estate Assets and (ii) straight line rent adjustments for the applicable period.

  • HPET REIT maintains the following reserves on behalf of the Project entities: Capital Expenditure Reserves The Project entities are required to establish reserves to fund the planned rehabilitation of the Project entities.

  • For any Person for any period, EBITDA minus (i) Minimum Capital Expenditure Reserves and (ii) straight line rent adjustments for the applicable period.

  • From and after the Closing Date, Parent and its Subsidiaries shall at all times have Cash in an aggregate amount owned by Parent and its Subsidiaries of not less than $250,000 plus the aggregate amount of all Capital Expenditure Reserves held pursuant to clause (ii) of subsection 5.12 (which reserve amount shall be net of the aggregate amount of all Consolidated Capital Expenditures paid in Cash).

  • None of the comments on the proposed rule requested that FDA revise any ofthe changes proposed.

  • The Maintenance Capital Expenditures Reserve shall be reduced from time to time, but not below zero, by the amount of Maintenance Capital Expenditures incurred by Buyer (in the manner set forth under the definition of "Excess Unexpended Maintenance Capital Expenditure Reserves") and by the amount, if any, of Excess Unexpended Maintenance Capital Expenditure Reserves.

  • Each Owner shall only expend a Hotel’s Capital Expenditure Reserve on the acquisition of Personal Property and on the performance of capital repairs at such Hotel; provided that such expenditures shall be subject to Purchaser’s approval pursuant to Section 6.7 of this Agreement and provided further that expenditures from the Capital Expenditure Reserves shall not be credited against the Specified Capital Expenditure Amount.

  • All Consolidated Capital Expenditures permitted to be made pursuant to the terms of this Agreement shall be paid first from accumulated Capital Expenditure Reserves, to the full extent thereof, and then may be paid from Cash of the Parent or its Subsidiaries.

  • For any Person for any period, EBITDA minus (i) the aggregate Minimum Capital Expenditure Reserves for all Real Estate Assets and(ii) straight line rent adjustments for the applicable period.


More Definitions of Capital Expenditure Reserves

Capital Expenditure Reserves means, with respect to: (a) an Office Property and for a given period, an amount equal to (i) the aggregate rentable square footage of all completed space of such Office Property, times (ii) $0.50, times (iii) the number of days in such period, divided by (iv) 365; and (b) an Industrial Property and for a given period, an amount equal to (i) the aggregate rentable square footage of all completed space of such Industrial Property, times (ii) $0.10, times (iii) the number of days in such period, divided by (iv) 365; provided, however that no Capital Expenditure Reserves shall be required with respect to any portion of an Office Property or an Industrial Property which is net leased to a third party.
Sample 1Sample 2Sample 3
Capital Expenditure Reserves means, for each month, cash reserved in such month for Consolidated Capital Expenditures in an aggregate amount equal to the pro-rata portion of the amount permitted for Consolidated Capital Expenditures for the applicable Fiscal Year pursuant to subsection 6.8 (without giving effect to any Carryover Amount permitted thereunder).
Sample 1
Capital Expenditure Reserves means, (a) with respect to a Net Lease Retail Property or an Industrial Property and for a given period, an amount equal to (i) the aggregate rentable square footage of all completed space of such Property, times (ii) $0.10, times (iii) the number of days in such period, divided by (iv) 365, (b) with respect to any Other Property the improvements on which consist primarily of office space and for a given period, an amount equal to (i) the aggregate rentable square footage of all completed space of such Property, times (ii) $0.25, times (iii) the number of days in such period, divided by (iv) 365, and (c) with respect to each Travel Center for a given period, 4.0% of total Adjusted EBITDA of such Travel Center for such period; provided, however that, in each case, no Capital Expenditure Reserves shall be required with respect to any portion of a Property which is leased to a third party obligated under such lease to pay all capital expenditures with respect to such portion of such Property.
Sample 1
Capital Expenditure Reserves means, with respect to a Property and for a given period, an amount equal to (a)(i) $300 per annum per bed, for a skilled nursing facility, or per unit for any other Senior Housing Asset, on which the applicable lease does not require the Lessee to pay for all capital expenditures or (ii) an amount equal to $0.40 per square foot per annum for any other Property on which the applicable lease does not require the Lessee to pay for all capital expenditures, times (b) the number of days in such period, divided by (c) 365. “Capitalization Rate” means 9.0% for Senior Housing Assets and 8.25% for all other Properties.
Sample 1

Related to Capital Expenditure Reserves

  • Capital Expenditure Reserve means, on an annual basis, an amount equal to $0.15 per square foot for each property owned by a Borrower or the Parent (or a Subsidiary thereof).

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Net Capital Expenditures means for any period the amount by which Capital Expenditures during such period exceeds reimbursements for such items during such period from any fund established pursuant to the Loan Documents.

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) included in the Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld or delayed.

  • Unfinanced Capital Expenditures means, for any period, Capital Expenditures made during such period which are not financed from the proceeds of any Indebtedness (other than the Revolving Loans; it being understood and agreed that, to the extent any Capital Expenditures are financed with Revolving Loans, such Capital Expenditures shall be deemed Unfinanced Capital Expenditures).

  • Capital Expenditure means expenditure on: a) the acquisition of land and buildings; b) the erection, enlargement, improvement or demolition of any building including fixed plant, installation, wall, fence or other structure, or any playground or hard standing;

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • Consolidated Capital Expenditures means, for any period, the aggregate of all expenditures of Company and its Subsidiaries during such period determined on a consolidated basis that, in accordance with GAAP, are or should be included in “purchase of property and equipment or similar items”, or that should otherwise be capitalized, as reflected in the consolidated statement of cash flows of Company and its Subsidiaries.

  • Investment Capital Expenditures means capital expenditures other than Maintenance Capital Expenditures and Expansion Capital Expenditures.

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Consolidated Maintenance Capital Expenditures means, for any period, the aggregate amount of expenditures for additions to property, plant, and equipment that are not Consolidated Expansion Capital Expenditures.

  • Non-Financed Capital Expenditures means, for any period, Capital Expenditures during such period other than Capital Expenditures funded with the proceeds of Indebtedness (excluding ABL Revolving Loans).

  • Annual Capital Expenditure Adjustment means, for any retail Property, an amount equal to the product of (a) $0.15 multiplied by (b) the aggregate net rentable area (determined on a square feet basis) of all such Properties.

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.

  • Unfunded Capital Expenditures means capital expenditures made from the Borrower’s funds other than funds borrowed as term debt to finance such capital expenditures.

  • Operating Expenditures means all Partnership Group expenditures, including, but not limited to, taxes, reimbursements of the General Partner, repayment of Working Capital Borrowings, debt service payments and capital expenditures, subject to the following:

  • Exploration Expenditures means the sum of all costs of acquisition and maintenance of the Property, all exploration and development expenditures and all other costs and expenses of whatsoever kind or nature including those of a capital nature, incurred or chargeable by KRC with respect to the exploration and development of the Property and the placing of the Property into Commercial Production.

  • Recurrent Expenditure means any expenditure on the establishment, conduct, administration and maintenance of the Academy which does not fall within the categories of capital expenditure set out at clause 36. The Secretary of State shall pay two separate and distinct grants in respect of Recurrent Expenditure: General Annual Grant ("GAG") and Earmarked Annual Grant ("EAG").

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • local expenditures means expenditures in the currency of the Borrower or for goods or services supplied from the territory of the Borrower; and

  • Property EBITDA means for any property owned by Ventas, Inc. or any of its Subsidiaries as of the date of determination, for any period of time, the net income (loss) derived from such property for such period, before deductions for (without duplication):

  • Capitalized Expenditures means those expenditures that (i) would be capitalized under generally accepted accounting principles, and (ii) are incurred with respect to Shared-Loss Loans, Other Real Estate, Additional ORE or Subsidiary ORE. Capitalized Expenditures shall not include expenses related to environmental conditions including, but not limited to, remediation, storage or disposal of any hazardous or toxic substances or any pollutant or contaminant.

  • Independent expenditure means an expenditure by a person: