Capital Maintenance Reserve definition

Capital Maintenance Reserve means a segregated bank account established and maintained for the benefit of the Leased Premises and the Overall Improvements solely for the purpose of holding reserves to be used for capital maintenance needs.
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Capital Maintenance Reserve means a reserve to be established, funded and managed by the Operator of not less than of $60 per Residential Unit per month, as more particularly described in Schedule B, Clause C.1.
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Capital Maintenance Reserve means a reserve to be established, funded and managed by the Operator, as more particularly described in Schedule A, section B.1.
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Examples of Capital Maintenance Reserve in a sentence

  • Executive Director noted that should the Board pass the proposed budget revision, the Capital Maintenance Reserve will be noted on the Cash Balance report going forward.

  • Council establish an obligatory reserve fund called the ‘Soccer Stadium Capital Maintenance Reserve Fund’ to be used to provide for capital expenditures (i.e. capital expenditures as defined as per GAAP) for the soccer stadium at Exhibition Place and that it be added to the new Schedule #15 – Third Party Agreements Reserve Funds in Municipal Code Chapter 227.

  • The Chatham Rise extends from Banks Peninsula (near Christchurch) to beyond the Chatham Islands.

  • Council establish an obligatory reserve fund called the ‘Soccer Stadium Capital Maintenance Reserve Fund’ to be used to provide for Capital expenditures (i.e. Capital expenditures as defined as per GAAP) for the soccer stadium at Exhibition Place and that it be added to the new Schedule #15 – Third Party Agreements Reserve Funds in Municipal Code Chapter 227.

  • Within sixty (60) days after the end of each year of the Term, Lessee shall deposit an amount equal to two percent (2%) of the Net Operating Income into the Capital Maintenance Reserve.

  • The changes in the TCA Capital Maintenance Reserve Fund are as follows: 20192018 $$Balance – Beginning of year670814Investment income1110Purchase of capital assets funded (312) (154) Balance – End of year 369 670 Programming Reserve Fund The Programming Reserve Fund was created in 2019 and funded through the operating surplus from 2018.

  • Upon the expiration or earlier termination of this Lease, the funds in the Capital Maintenance Reserve shall be the property of AFRH and shall be transferred promptly to AFRH.

  • The amounts so deposited in the Capital Maintenance Reserve, including all interest earned thereon, shall be continually maintained in such reserve account until such time as Lessee deems it advisable in its discretion to withdraw such amounts for use in fulfilling its obligation to repair, make replacements to and maintain the Leased Premises in accordance with the terms of this Lease.

  • Where known, indicate the specific scope of work required and type of project required to accomplish the scope (Capital, Major Capital, Maintenance Reserve and departmental projects).

  • The Capital Maintenance Reserve was established by the Board to fund future significant capital maintenance items and capital purchases, such as vehicles or equipment.

Related to Capital Maintenance Reserve

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Routine maintenance means activities to keep an impervious surface as near as possible to its constructed condition. This includes ordinary maintenance activities, resurfacing paved areas, and exterior building changes or improvements which do not materially increase or concentrate stormwater runoff, or cause additional nonpoint source pollution.

  • Emergency Maintenance means any period of maintenance for which, due to reasons beyond its reasonable control, Sprint Convergence is unable to provide prior notice of.

  • Deferred Maintenance means improvements necessary for continued operations which do not improve productivity or alter the process technology.

  • Operation and Maintenance Costs means the costs of:

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

  • Operation and Maintenance or “O&M” shall mean all activities required to operate, maintain, and monitor the effectiveness of the RA as specified in the SOW or any EPA-approved O&M Plan.

  • Planned Maintenance means any Maintenance BT has planned to do in advance.

  • Industrial maintenance coating means a high performance architectural coating, including primers, sealers, undercoaters, intermediate coats, and topcoats formulated for application to substrates, including floors, exposed to one or more of the following extreme environmental conditions listed below and labeled “For industrial use only;” “For professional use only;” “Not for residential use;” or “Not intended for residential use.”

  • Maintenance and Operations Revenue or “M&O Revenue” means (i) those revenues which the District receives from the levy of its annual ad valorem maintenance and operations tax pursuant to Section 45.002 of the TEXAS EDUCATION CODE, or other lawful authority, and Article VII § 3 of the TEXAS CONSTITUTION, plus (ii) all State revenues to which the District is or may be entitled under the applicable provisions of the TEXAS EDUCATION CODE or any other statutory provision as well as any amendment or successor statute to these provisions, as applicable, less

  • road reserve ’ means the area contained within the statutory width of a road, and includes roadways, shoulders and sidewalks and the airspace above such roadways, shoulders and sidewalks and all other areas within the road reserve boundary;

  • Maintenance Fee The Maintenance Fee (see Contract Schedule I) will be deducted during the Accumulation Period from the Current Value on each anniversary of the date the Account is established and upon surrender of the entire Account.

  • Rent Reserve means, with respect to any plant, warehouse distribution center or other operating facility where any Inventory subject to landlords’ Liens or other Liens arising by operation of law is located and a Collateral Access Agreement has not been duly executed and delivered by the lessor or bailee at such location, a reserve equal to three (3) month’s rent at such plant, warehouse distribution center, or other operating facility, and such other reserve amounts that may be determined by the Administrative Agent in its reasonable discretion.

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Maintenance Adder means an adder that may be included to account for variable operation and maintenance expenses in a Market Seller’s Fuel Cost Policy. The Maintenance Adder is calculated in accordance with the applicable provisions of PJM Manual 15, and may only include expenses incurred as a result of electric production. Manual Load Dump Action:

  • Yield Maintenance Account The separate trust account maintained and held by the Trustee pursuant to Section 3.16, which account shall bear a designation clearly indicating that the funds deposited therein are held in trust for the benefit of the Trust on behalf of the Class A Certificateholders, and which account provides that the Trustee may make, or cause to be made, withdrawals therefrom in accordance with Section 3.16.

  • Replacement Reserve As defined in Section 9.5.1.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • 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.

  • Maintenance Fees means the non-refundable fees payable annually by Licensee to OT for Support Services;

  • Maintenance Capital Expenditures means, for any period, the portion of the aggregate amount of all Capital Expenditures of the Borrower for such period attributable to maintenance of property, plant or equipment of the Borrower and the Restricted Subsidiaries, as determined in good faith by a Responsible Officer of the Borrower.

  • Maintenance area means any geographic region of the United States previously designated nonattainment pursuant to the CAA Amendments of 1990 and subsequently redesignated to attainment subject to the requirement to develop a maintenance plan under §175A of the CAA, as amended.

  • Software Maintenance means the process of modifying software after delivery to correct faults, improve performance or other attributes, or adapt to a changed environment. (Reference ISO/IEC 14764:2006, as amended or superseded.) Software maintenance does not include any customization or configuration.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • 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.