Capital Improvements Account definition

Capital Improvements Account has the meaning set forth in Section 3.01 (Establishment of Accounts – Borrower Accounts) of the Accounts Agreement.
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Capital Improvements Account has the meaning attributed thereto in Section 6.5;
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Capital Improvements Account is defined in Section 6.1.
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Examples of Capital Improvements Account in a sentence

  • For the avoidance of doubt, notwithstanding the definition of Removables in this section, any removable fixtures, furniture, equipment, furnishings and items of personal property which are purchased with funding provided by EDA for development of the Stadium pursuant to the Stadium Development Agreement, or out of the Capital Improvements Account, shall be the property of EDA.

  • On or before the Commencement Date, EDA shall establish the Capital Improvements Account, which shall be an interest-bearing account and shall be used solely for the funding of the Capital Improvements and Emergency Repairs as provided herein and paid as provided in Section 7.2. All interest earned on the Capital Improvements Account shall become a part of the Capital Improvements Account.

  • For the avoidance of doubt, any removable fixtures, furniture, equipment, furnishings and items of personal property purchased on or after the Commencement Date other than from funds out of the Capital Improvements Account are (or will be deemed to be) Removables.

  • Any remaining balance after payment for such repair, rebuilding or restoration shall be deposited into the Capital Improvements Account, and EDA shall receive a corresponding credit against its future funding obligations to same, as described in Section 7.3 herein.

  • Beginning on the date that is one (1) year after the Commencement Date (the “Deposit Date”), and continuing on every one (1) year anniversary of the Deposit Date for the first ten (10) Lease Years of the Term, EDA shall contribute or arrange for the deposit of not less than Five Hundred Thousand Dollars ($500,000.00) to the Capital Improvements Account.

  • EDA may, but is not required to, use funds in the Capital Improvements Account to pay for such Emergency Repairs and may use funds from other sources for Emergency Repairs.


More Definitions of Capital Improvements Account

Capital Improvements Account is defined in Section 5.7 of the Original Operating 29 Agreement. Pursuant to Section 5.7 of this Agreement, no such account exists with respect to 30 the obligations of PDC and the City. To the extent of any references in the Development 1 Agreement, or any document or agreement referred to therein relate to obligations contained in 2 this Agreement, then such reference shall be deemed a reference to the Budget Amount.
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Capital Improvements Account means the Capital Improvements Account in the Construction Fund created pursuant to Section 401.
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Capital Improvements Account means the account established pursuant to Section 3.2(a) of the Trust Agreement.
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Capital Improvements Account means the account held by EDA for Capital Improvements and Emergency Repairs on the Premises and funded and disbursed pursuant to Section 7.3.
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Related to Capital Improvements Account

  • Capital Improvements mean the purchase, renovation, rehabilitation, or construction of permanent land, buildings, structures, equipment and furnishings used directly for or in the Project, and any goods or services for the Project that are purchased and capitalized under GAAP, including any organizational costs and research and development costs incurred in Illinois. Capitalized lease costs for land, buildings, structures or equipment shall be included in “Capital Improvements” only if the lease term, including any extensions or options to extend, equals or exceeds the term of this Agreement, and provided that such lease costs are valued at their present value using the corporate interest rate prevailing at the time the Company filed its Application with the Department.

  • Capital Improvement or "Capital Improvement Project" means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities of Local Subdivisions, including real property, interests in real property, and facilities and equipment of Local Subdivisions related or incidental thereto.

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Redevelopment project means any work or undertaking

  • Construction Fund means an account specifically identified in the Indenture to hold funds which are currently available for expenditure to acquire or construct public facilities eligible under the Act.

  • Home improvement means the remodeling, altering,