Capital Expense Reserve definition

Capital Expense Reserve during any period, with respect to each Unencumbered Asset or Operating Property, as applicable, an amount equal to (A) a per annum rate of $.15 times (B) the total Net Rentable Area of such Unencumbered Asset or Operating Property, as applicable (in each case whether or not such reserves are actually established by the Borrower).
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Capital Expense Reserve during any period, (i) with respect to each Unencumbered Asset other than a residential apartment building or residential apartment community, an amount equal to (A) a per annum rate of $.20 times (B) the total Net Rentable Area of such Unencumbered Asset, and (ii) with respect to each Unencumbered Asset that is a residential apartment building or residential apartment community, an amount equal to (A) $150 times (B) the number of apartment units in such residential apartment building or community (in each case whether or not such reserves are actually established by the Borrower).
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Capital Expense Reserve during any period, an amount with respect to each Eligible Real Estate Asset equal to (i) with respect to all retail, office and industrial properties, a per annum rate of $.10 times the total Net Rentable Area of such Eligible Real Estate Asset, and (ii) with respect to all apartment properties, $300 per unit (whether or not such reserves are actually established by the Borrower).
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Examples of Capital Expense Reserve in a sentence

  • Such reserves shall be maintained in a separate and segregated account to be known as the Capital Expense Reserve Account and the funds so set aside shall not be deemed common profits available for distributions; but, rather, shall be considered as property of the Trust.

  • Tenant shall maintain on its books and records a Capital Expense Reserve Account that shows in reasonable detail the expenditures made by Tenant for Approved Capital Expenditures during the current Lease Year and all prior Lease Years.

  • During personal use periods the Owner shall be assessed a daily contribution towards the FF&E Capital Expense Reserve Fund, which daily contribution called the FF&E Reserve Owner Use Fee will be calculated and based on the Unit Point Factor.

  • No Seller Party has received from Existing Lender written notice that the Capital Expense Reserve (as defined in the Existing Loan Documents) or the Rollover Reserve (as defined in the Existing Loan Documents) need to be funded pursuant to the terms of the Existing Loan Documents.

  • Tenant shall draw upon the Capital Expense Reserve from time to time throughout the Term for the purpose of funding capital improvements to the Premises and Casino Personal Property Additions.

  • On each Payment Date, Borrowers shall pay to Lender an amount initially equal to $6,307.50, and Lender will transfer such amounts into a Subaccount (the "Capital Expense Reserve Subaccount").

  • Following Lender’s transfer of such funds from the Cash Collateral Subaccount to the Capital Expense Reserve Subaccount, Borrowers shall be entitled to utilize such funds pursuant to the express terms and conditions of Section 3.5 of the Existing Loan Agreement.

  • Approved Capital Expenditures and the expenditure of the Capital Expense Reserve shall be subject to the reasonable approval of Landlord, to the extent, if any, permitted by the Gaming Laws.

  • Xxxxxxxx, Xx. Assistant Vice President <PAGE> EXHIBIT A --------- Allocated Loan Amounts ---------------------- (See Attached) <PAGE> EXHIBIT B --------- Capital Expense Reserve Monthly Payments ---------------------------------------- 1.

  • Notwithstanding anything in the Existing Loan Agreement to the contrary, at Borrowers’ express request, on the date hereof, Lender hereby agrees to transfer $125,690.00 currently held by Lender in the Cash Collateral Subaccount to the Capital Expense Reserve Subaccount, which transfer of funds will be deemed to satisfy Borrowers’ obligation to pay to Lender the First Extension Deferred CapEx Amount and the CapEx Shortfall Amount.


More Definitions of Capital Expense Reserve

Capital Expense Reserve during any period, (i) with respect to each Unencumbered Asset or Operating Property, as applicable, other than a residential apartment building or residential apartment community, an amount equal to (A) a per annum rate of $.20 times (B) the total Net Rentable Area of such Unencumbered Asset or Operating Property, as applicable, and (ii) with respect to each Unencumbered Asset or Operating Property, as applicable, that is a residential apartment building or residential apartment community, an amount equal to (A) $150 times (B) the number of apartment units in such residential apartment building or community (in each case whether or not such reserves are actually established by the Borrower).”
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Capital Expense Reserve is defined in Section 5.9.
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Capital Expense Reserve means funds held in reserve by the owner of the BCS4 Project for maintenance, repair, and/or replacement of any component of the BCS4 Project, which reserved funds are in addition to actual costs incurred by such owner for maintenance, repairs, and/or replacement during any period of measurement that are deducted in calculating Net Operating Income for such period.
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Related to Capital Expense Reserve

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

  • 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.

  • 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.

  • 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.

  • 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).

  • 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.

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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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).

  • 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;

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

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

  • management expense ratio means the total fees and expenses a fund paid during a year divided by its average assets for that year.

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

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

  • FF&E Reserve means, for any Person or any Hotel Property at any time, a reserve equal to four percent (4%) of gross revenues from any Hotel Property owned by such Person or from such Hotel Property, as applicable, for the Rolling Period of the Parent most recently ended for which financial statements have been, or are required to be, delivered to the Banks hereunder.

  • Consolidated Working Capital Adjustment means, for any period of determination on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Consolidated Rental Expense means, for any period, on a consolidated basis for the Company and its Subsidiaries, the aggregate amount of fixed and contingent rentals payable in cash by the Company and its Subsidiaries with respect to leases of real and personal property (excluding capital lease obligations) determined in accordance with GAAP for such period (subject to Section 1.04(b)).

  • 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:

  • 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.