Capital Improvements Account definition

Capital Improvements Account has the meaning attributed thereto in Section 6.5;
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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 is defined in Section 6.1.
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Examples of Capital Improvements Account in a sentence

  • Upon the occurrence of an Event of Default, Lender, at its option, may withdraw the Capital Improvement Funds from the Capital Improvements Account and apply the Capital Improvement Funds to completion of the Capital Work or to the payment of the Debt in such order, proportion and priority as Lender may determine in its sole discretion.

  • Funds for AECOM's professional services agreement for WWTP Phase III Expansion engineering services are encumbered in Wastewater Capital Improvements Account 625-4812.54004.

  • The Village Capital Improvements Account was established during 1995 by the Budget Reconciliation Bill which gave the Authority the responsibility to principally administer this program after pre-approval by the Ohio EPA.

  • The remaining funds will come from the Capital Improvements Account.

  • Each of the Borrower Revenue Account, the Capital Improvements Account and the Lessee Revenue Account shall have been established to the reasonable satisfaction of the Administrative Agent.

  • Within 45 days following the end of each Lease Year (as hereinafter defined), Lessee shall provide Lessor with a written statement certified by Lessee setting out Lessee’s total sales for the preceding Lease Year, together with a deposit to the Scheduled Capital Improvements Account for a sum equal to five percent (5%) of such income, less the Base Rent for such Lease Year (if previously paid), and copies of the monthly state sales tax returns.

  • Without limitation, each calendar year Lessee shall cause an amount equal to $300.00 per Available Bed (such aggregate annual amount, the "AVAILABLE BED CAPITAL IMPROVEMENT AMOUNT") to be deposited into the Capital Improvements Account (at the rate of $25.00 per Available Bed per month).

  • As of the date hereof and as of the Bring Down Date, the Borrower does not have, and is not the beneficiary of, any bank account other than (i) the Borrower Revenue Account and the Capital Improvements Account and (ii) Local Accounts set forth on Schedule 5.32 with respect to which Blocked Account Agreements have been duly executed and delivered.

  • Second, States are disinclined to formalize a responsibility-sharing mechanism41 and, there- fore, discussing the morality of responsibility sharing is seen as irrele- vant.

  • The Operating Account and the Capital Improvements Account shall be opened and maintained at all times solely by Manager.


More Definitions of Capital Improvements Account

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 Capital Improvements Account in the Construction Fund created pursuant to Section 401.
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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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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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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.

  • Improvement Fund means the Improvement Fund for General Obligation Temporary Notes, Series 2017-1 created pursuant to Section 501 hereof.

  • Public improvement costs means the costs of:

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Cost of Capital Improvement Projects means the costs of acquiring, constructing, reconstructing, expanding, improving and engineering Capital Improvement Projects, and related financing costs.

  • Project Account means the account referred to in Section 3.03 of this Agreement;

  • Infrastructure improvement means permanent infrastructure that is essential for the public health and safety or that:

  • 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.

  • Building, structure, facility, or installation means all of the pollutant-emitting activities which belong to the same industrial grouping, are located on one or more contiguous or adjacent properties, and are under the control of the same person (or persons under common control) except the activities of any vessel. Pollutant-emitting activities shall be considered as part of the same industrial grouping if they belong to the same major group (i.e., which have the same two-digit code) as described in the Standard Industrial Classification Manual, 1972, as amended by the 1977 Supplement (U.S. Government Printing Office stock numbers 4101-0066 and 003-005-00176-0, respectively).

  • Maximum medical improvement means a point in time when any medically

  • Investment project means an investment in qualified buildings

  • Project area budget means a multiyear projection of annual or cumulative

  • Infrastructure Improvements means a street, road, sidewalk, parking facility, pedestrian mall, alley, bridge, sewer, sewage treatment plant, property designed to reduce, eliminate, or prevent the spread of identified soil or groundwater contamination, drainage system, waterway, waterline, water storage facility, rail line, utility line or pipeline, transit-oriented development, transit-oriented property, or other similar or related structure or improvement, together with necessary easements for the structure or improvement, owned or used by a public agency or functionally connected to similar or supporting property owned or used by a public agency, or designed and dedicated to use by, for the benefit of, or for the protection of the health, welfare, or safety of the public generally, whether or not used by a single business entity, provided that any road, street, or bridge shall be continuously open to public access and that other property shall be located in public easements or rights-of-way and sized to accommodate reasonably foreseeable development of eligible property in adjoining areas. Infrastructure improvements also include 1 or more of the following whether publicly or privately owned or operated or located on public or private property:

  • Redevelopment project means a specific construction project

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Capital Addition means, with respect to any Property, any renovation, repair or improvement to such Property, the cost of which constitutes a Capital Expenditure.

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected. Unsatisfactory: the Educator’s performance on a standard or overall has not significantly improved following a rating of needs improvement, or the Educator’s performance is consistently below the requirements of a standard or overall and is considered inadequate, or both.

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • 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.

  • 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:

  • Redevelopment Property means a property owned by the Company or a Consolidated Subsidiary (a) where the commenced leased square footage is less than 60% of the sum of net rentable square feet and redevelopment space, with reasonable adjustments to leased square footage determined in good faith by the Company, including adjustments for available power, required support space and common area and (b) that the Company reasonably characterizes as held in whole or in part for redevelopment.

  • Home improvement means the remodeling, altering,