Capital Replacement Reserve Fund means a fund established in accordance with the provisions of the Act, to be used for major repairs and replacements of any portions of the Units for which the Corporation is responsible, any real and personal property of the Corporation and the Common Property;
Capital Replacement Reserve Fund. (CRRF) shall mean the monies set aside to fund Capital Equipment Replacement and capital improvements as needed from time to time for long-term upkeep of the Ice Facility.
Examples of Capital Replacement Reserve Fund in a sentence
Within thirty (30) days after the close of each Operating Year during the Initial Term, Lessee shall submit to Lessor (i) evidence that Lessee has deposited the required minimum amount in the Capital Replacement Reserve Fund for the previous Operating Year.
The Corporation may by Ordinary Resolution, require that all members of the Board be bonded by a recognized bonding institution in an amount not less than the total amount of the Capital Replacement Reserve Fund of the Corporation, the cost of such bonding to constitute a common expense of the Corporation.
More Definitions of Capital Replacement Reserve Fund
Capital Replacement Reserve Fund means the fund established by the Board to be used for the repair or replacement of the Common Property, the Managed Property, and any real and personal property owned by the Corporation;
Capital Replacement Reserve Fund means the fund created for the purposes as outlined in Section 38 of the Act and By-law 14(j). The fund is an asset of the Corporation;
Capital Replacement Reserve Fund means the fund created for the purposes as outlined in Bylaw 14(k);
Capital Replacement Reserve Fund means the fund created for the purposes of repairing and maintaining the Common Property as required by the Condominium Property Regulation and these By-laws;