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

  • Notwithstanding the foregoing, this Section 12.02(d) will not apply to the extent that the FCRHA’s rights hereunder would violate or conflict with a Mortgagee’s rights to any Capital Maintenance Reserve for the Project.

  • The judge will sign and date here.ENTERED: MN-O 705.2Judge DatePage 1 of 1 (01/18) PRINT FORMSAVE FORMRESET FORMHOW TO FILE & SEND A MOTION& NOTICE OF COURT DATE FOR MOTION Who can file a Motion?Any person can file a motion who is involved in a court case and wants to see the judge to ask the judge to do something in the case.

  • This fund reports the assets, liabilities, revenues and expenses related to the Capital Maintenance Reserve and Operating Reserve as required under the lease agreement with the City (note 4(b)).

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

  • Lessee's obligation to make contributions to the Capital Maintenance Reserve pursuant to this Section 5.7 shall be deemed an obligation on the part of Lessee to pay Rent.

  • 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.

  • 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.

  • At the termination of this Agreement, regardless of cause, all funds in the Capital Maintenance Reserve and the Operator Operating Reserve, in each case including all accumulated interest, but after payment of any Operator expenses or liabilities contemplated by this Agreement, will be transferred to the City, and a reconciliation of the operating balance will be forwarded.

  • 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.


More Definitions of Capital Maintenance Reserve

Capital Maintenance Reserve means a segregated reserve account of funds holding a reasonable sum of money to cover anticipated repairs, maintenance, and replacement of the Facility and its improvements. CDA: The term “CDA” shall have the meaning ascribed to such term in the Preamble to this Agreement. Commercial Rights: Naming rights, pouring rights, advertising, sponsorships, the branding of food and beverage products for resale, and memorial gifts at or with respect to the Facility.
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Related to Capital Maintenance Reserve

  • AMPS Basic Maintenance Amount, as of any Valuation Date, means the dollar amount equal to (i) the sum of (A) the product of the number of shares of AMPS and Other AMPS Outstanding on such Valuation Date multiplied by the sum of (a) $25,000 and (b) any applicable redemption premium attributable to the designation of a Premium Call Period; (B) the aggregate amount of cash dividends (whether or not earned or declared) that will have accumulated for each share of AMPS and Other AMPS Outstanding, in each case, to (but not including) the end of the current Dividend Period that follows such Valuation Date in the event the then current Dividend Period will end within 49 calendar days of such Valuation Date or

  • 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 actions performed on a regular or controllable basis or in response to uncontrollable events upon a highway, road, street, or bridge. Routine maintenance includes, but is not limited to, 1 or more of the following:

  • 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

  • Utility Reservations means Seller’s interest in the right to receive immediately on and after Closing and continuously consume thereafter water service, sanitary and storm sewer service, electrical service, gas service and telephone service on and for the Land and Improvements in capacities that are adequate continuously to use and operate the Improvements for the purposes for which they were intended, including, but not limited to (i) any right to the present and future use of wastewater, drainage, water and other utility facilities to the extent such use benefits the Real Property, (ii) any reservations of or commitments covering any such use in the future, and (iii) any wastewater capacity reservations relating to the Real Property. Buyer shall be responsible for any requests or documents to transfer the Utility Reservations, at Buyer’s sole cost and expense.

  • 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 store, warehouse distribution center, regional distribution center or depot where any Inventory subject to Liens arising by operation of law is located, a reserve equal to two (2) months’ rent at such store, warehouse distribution center, regional distribution center or depot.

  • 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.

  • 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.

  • 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 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 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 Section 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.