Capital reserve account definition

Capital reserve account means the account established in 90-7-317.

Capital reserve account or “capital reserve accounts” means one or more of the special trust accounts that may be established by the Housing and Community Services Department within the Housing Finance Fund.

Capital reserve account has the meaning set forth in Section 7.5.1 hereof.

Examples of Capital reserve account in a sentence

• On any Business Day after the occurrence and during the continuance of an Event of Default, Lender or its servicer may in its sole discretion deposit into the Operating Expense Account, the Working Capital Reserve Account or the Debt Service Reserve Account any funds then on deposit in the Local Collection Account or the Collection Account.

• Crow shall not be obligated to fund such initial amount, if any, of the Capital Reserve Account as of the Effective Date, but shall be required to fund such initial amount, if any, at or prior to the Closing, and, in connection therewith, Crow may satisfy its obligations by, and to the extent of, Crow's expenditure, pursuant to the following provisions of this Section 6.6, of funds required to be included in ----------- the Capital Reserve Account as such initial amount, if any.

• Except in accordance with the Capital Expense Budget, the amount of the Capital Reserve Account may not be reduced prior to the Closing Date.

• All or a portion of any Moneys in the Reserve Accounts (other than the Real Estate Tax Escrow Account, the Insurance Escrow Account, the Operating Expense Account, the Working Capital Reserve Account and the Debt Service Reserve Account, none of which shall bear interest for the benefit of Borrower) shall, so long as no Event of Default has occurred and is continuing, be held in interest-bearing accounts.

• Upon the execution hereof, and pursuant to the Capital Management Account Agreement, the undersigned shall deposit an amount as determined by Lender, with the Lender to establish a Capital Reserve Account.

More Definitions of Capital reserve account

Capital reserve account means the account maintained pursuant ----------------------- to Section 6.6. -----------

Capital reserve account means the capital reserve account provided for in 90-6-107.

Capital reserve account means the account established by a district board of education pursuant to N.J.S.A. 18A:7G-31 and 18A:7F-41 into which monies are deposited to help finance a school district’s local share of its long- range facilities plan.

Capital reserve account means the account of the District established pursuant to N.J.A.C. 6A:23- 2.13.

Capital reserve account or “capital reserve accounts” means one or more of the special

Capital reserve account means as defined in N.J.A.C. 6A:23A-1.2.

Capital reserve account means a segregated bank account to be funded in the amount of $50,000 from available funds after the Effective Date of the Plan. This Account will be used for capital expenses as determined by the General Manager of Fairvue and Foxland Clubs and will be replenished and funded prior to any distributions to Class 10 Allowed Claims. Each year following the Effective Date of the Plan, to