Capital Replacement Fund definition

Capital Replacement Fund means the cumulative amount of the Capital Replacement Reserve accrued by Landlord, together with interest thereon as provided in Section 12.4, less amounts withdrawn from the Capital Replacement Fund as provided in Section 12.4

Capital Replacement Fund means the subfund of the Neighbours’ Fund that is comprised of a reserve of funds to pay for the cost of inspecting, improving, extending, altering, repairing, maintaining and replacing Facilities and Amenities.

Capital Replacement Fund means a fund established by the Scheme Operator pursuant to Section 91 of the Act for replacing Capital Items.

Examples of Capital Replacement Fund in a sentence

• However, Tenant shall be entitled to all federal and state income tax benefits associated with any Tenant Improvement during the Lease Term exclusive of any Capital Expenditures paid for from amounts credited to the Capital Replacement Fund, as to which Landlord shall be entitled all income tax benefits.

• Upon the loss, destruction or obsolescence of any Tangible Personal Property, Tenant shall replace such property with replacements of the same type and quality as initially in place, which such property will be owned by Tenant except to the extent acquired with funds from the Capital Replacement Fund ("Tenant's Personal Property").

• Tenant shall have no rights with respect to any amounts in the Capital Replacement Fund except as provided herein.

• If no such terminations for default have been experienced in the past three (3) years, state “none”.

• If the costs of restoration or reconstruction exceeds the amount of proceeds received by Landlord or Tenant from insurance, Tenant shall pay for such excess cost of restoration or reconstruction, except that Tenant may petition Landlord for withdrawal from the Capital Replacement Fund to cover some or all of such excess, subject to the approval of Landlord in Landlord's sole and absolute discretion.

More Definitions of Capital Replacement Fund

Capital Replacement Fund means the capital replacement fund maintained under regulation 59;

Capital Replacement Fund means the fund referred to in clause 10.6. ‘Communal Facilities’ means the buildings, surrounding facilities and other areas that the Scheme Operator makes available for use by residents of the Retirement Village from time to time. As at the date the PCD was given to the Resident, the Communal Facilities include:

Capital Replacement Fund is a replacement reserve fund which shall be established and maintained by the Casino Operator in a segregated account as an assurance fund to guarantee all necessary Capital Replacements to the Casino. The Capital Replacement Fund shall be maintained in an Approved Financial Institution or invested in U.S. government securities, certificates of deposit issued by an Approved Financial Institution or any other investments Approved by the Gaming Board.

Capital Replacement Fund means a fund described in section 29 (b)[security];

Capital Replacement Fund means a fund or account established which will be used by the City to pay for the a) non-normal repair, b) replacement, or c) significant enhancement of the capital improvements at the Destination Tournament Soccer Complex, including turf, lighting, concession stands, restrooms, surface access or other infrastructure needs at the complex, as agreed to by the parties.

Capital Replacement Fund means the fund created to pay for the needed replacement of capital items that, during the term of this Agreement, are required to maintain the Complexes;

Capital Replacement Fund means the fund established by the Scheme Operator in accordance with the Act for the replacement of capital items in the Retirement Village.