FF&E Reserve shall have the meaning given such term in Section 5.1.2(a).

FF&E Reserve shall have the meaning set forth in Section 2.7.

FF&E Reserve means, for any Person (or with respect to any Hotel) for any period, a reserve equal to four percent (4%) of Suite Revenues from any Hotel owned by such Person (or from such Hotel), for such Period, plus, (a) for any Person, such Person's Pro Rata Share of any FF&E Reserve for any Hotel owned by such Person's Unconsolidated Entities or, (b) with respect to any Joint Venture Hotel, the FF&E Reserve for such Joint Venture Hotel multiplied by the applicable JV%.

Examples of FF&E Reserve in a sentence

According to the Lease Agreements, the Lessee was required to contribute monthly to the FF&E Reserve an amount equal to 2% of the Total Hotel Revenue for each Fiscal Year in the First Lease Period.
The Lessee will also be required from the Listing Date until December 31, 2010 to contribute on a monthly basis 2% of the Total Hotel Revenue towards the FF&E Reserve owned and maintained by Regal REIT.
After reviewing the applicable Audited Report and taking into account the contributions made by the Lessee, if any, the Lessor has the discretion to set aside any additional amount on account of the FF&E Reserve.
All other costs and expenses of Capital Additions shall be borne by the Lessor and the Lessee in the manner agreed between them and shall not be paid from the Hotel Operating Expenses or from the FF&E Reserve.
Some of the HPT leases provide that FF&E Reserve escrows are owned by HPT.

More Definitions of FF&E Reserve

FF&E Reserve means, for any period and with respect to a given Property or Hotel Pool, an amount equal to the amount that the Operating Agreement or any Ancillary Agreement for such Property or Hotel Pool requires the Operator to reserve during such period for (i) replacements and renewals to such Property’s or Hotel Pool’s furnishings, fixtures and equipment, (ii) routine repairs and maintenance to buildings which are normally capitalized under GAAP and (iii) major repairs, alterations, improvements, renewals or replacements to building structures, roofs or exterior façade, or for mechanical, electrical, HVAC, plumbing or vertical transportation systems.

FF&E Reserve means, for any Person or any Hotel Property at any time, a reserve equal to four percent (4%) of gross revenues from any Hotel Property owned by such Person or from such Hotel Property, as applicable, for the Rolling Period of the Parent most recently ended for which financial statements have been, or are required to be, delivered to the Banks hereunder.

FF&E Reserve means, with respect to any Asset or Assets for any trailing 12 month period, an amount equal to 4% of the total revenues generated from the operation of such Asset or Assets for such period.

FF&E Reserve means the reserve established pursuant to Section 6.4.

FF&E Reserve. As defined in Section 9.5(a).

FF&E Reserve means, for any Real Estate for any period, an amount equal to four percent (4%) of Gross Revenues from such Real Estate for such period.