Minimum Capital Additions Amount definition

Minimum Capital Additions Amount means, with respect to the Facilities, the product of (i) the number of units contained in the Facilities (in the aggregate) multiplied by (ii) Four Hundred Dollars ($400) during the first (1st) year of the Term, as such amount shall be increased on the first day of each succeeding Lease Year of the Term after the first Lease Year of the Term in proportion to increases in the Consumer Index, provided that in no event shall the Minimum Capital Additions Amount be less than the Minimum Capital Additions Amount for the prior Lease Year. If in any Lease Year Tenant fails to expend the entire Minimum Capital Additions Amount, as required pursuant to this Paragraph 25(d), prior to the end of such Lease Year, Tenant shall pay any such shortfall amount to Landlord, which funds shall be deposited into the Capital Additions Reserve (as defined in the Agreement Regarding Leases) (or a similar account required in connection with any Facility Mortgage(s)), for expenditure by Tenant as required herein. If Tenant funds any such shortfall amount to the Capital Additions Reserve prior to the end of the applicable Lease Year, no default shall be deemed to have occurred hereunder. Provided no Event of Default exists hereunder any such escrowed funds shall be disbursed by Landlord from time to time during the Term, in accordance with the terms and conditions set forth in Paragraph 10(d) of the Agreement Regarding Leases, to be used in connection with Capital Additions requiring funds in the applicable Lease Year in excess of the Minimum Capital Additions Amount, as more particularly described in Paragraph 10(c) and Paragraph 10(d) of the Agreement Regarding Leases. Subject to the provisions of Paragraph 12(a) of the Agreement Regarding Leases, the Minimum Capital Additions Amount may be adjusted from time to time based on the requirements of any Facility Mortgagee, provided any such provisions regarding the funding of capital replacement reserves under any future Facility Mortgage shall be in compliance with the requirements of Paragraph 54(b). In addition, Landlord and Tenant agree to review the Minimum Capital Additions Amount periodically (but in no event less than annually), to provide for the proper operation and maintenance of each of the Facilities.
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Minimum Capital Additions Amount shall have the meaning given to such term in Paragraph 10(c).
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Minimum Capital Additions Amount means the product of (i) the number of units contained in the Facility multiplied by (ii) Four Hundred Fifty Dollars ($450) during the first Lease Year of the Term, as such amount shall be increased on the first day of each succeeding Lease Year of the Term in proportion to increases in the Consumer Index. The Minimum Capital Additions Amount may be adjusted from time to time based on the requirements of any Facility Mortgagee, provided any such provisions regarding the funding of capital replacement reserves under any future Facility Mortgage shall be in compliance with the requirements of Paragraph 54(b). In addition, Landlord and Tenant agree to review the Minimum Capital Additions Amount periodically (but in no event less than annually), to provide for the proper operation and maintenance of the Facility.
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Examples of Minimum Capital Additions Amount in a sentence

  • If the Capital Additions Reserve is established, Tenant shall deposit therein one-twelfth (1/12th) of the Minimum Capital Additions Amount each month.

  • If in any Lease Year Tenant fails to expend the entire Minimum Capital Additions Amount, as required pursuant to this Paragraph 25(d), prior to the end of such Lease Year, Tenant shall pay any such shortfall amount to Landlord, which funds shall be deposited into the Capital Additions Reserve (as defined in the Agreement Regarding Leases) (or a similar account required in connection with any Facility Mortgage(s)), for expenditure by Tenant as required herein.

  • In addition, Landlord and Tenant agree to review the Minimum Capital Additions Amount periodically (but in no event less than annually), to provide for the proper operation and maintenance of each of the Facilities.

  • Subject to the provisions of Paragraph 12(a) of the Agreement Regarding Leases, the Minimum Capital Additions Amount may be adjusted from time to time based on the requirements of any Facility Mortgagee, provided any such provisions regarding the funding of capital replacement reserves under any future Facility Mortgage shall be in compliance with the requirements of Paragraph 54(b).

  • Subject to the provisions of Paragraph 10(c) of the Agreement Regarding Leases, during each Lease Year of the Term, Tenant shall expend on Capital Additions made to the Facilities, in the aggregate, an amount at least equal to the Minimum Capital Additions Amount.

  • Provided no Event of Default exists hereunder any such escrowed funds shall be disbursed by Landlord from time to time during the Term, in accordance with the terms and conditions set forth in Paragraph 10(d) of the Agreement Regarding Leases, to be used in connection with Capital Additions requiring funds in the applicable Lease Year in excess of the Minimum Capital Additions Amount, as more particularly described in Paragraph 10(c) and Paragraph 10(d) of the Agreement Regarding Leases.

  • Upon Landlord's written request, or if Tenant deposits any funds in accordance with Paragraph 25(d), or if otherwise required by any Facility Mortgagee, Tenant shall establish a reserve fund for the Minimum Capital Additions Amount (the "Capital Additions Reserve"), which reserve fund shall be held in Landlord's name or in the name of the Facility Mortgagee, if applicable, in an escrow account with a financial institution designated by Landlord or by the Facility Mortgagee, if applicable.

  • If BLC Holdings so causes a portion of the Security Deposit to be so applied towards the Minimum Capital Additions Amount, BLC Holdings shall not be required to pay any deficiency to PSLT-BLC Holdings to restore the Security Deposit to the Security Amount.

  • ALS Holdings shall cause the Alterra Lessees to expend on Capital Additions made to the Facilities during each Lease Year during the Term an amount, in the aggregate, at least equal to the Minimum Capital Additions Amount.

  • In addition, PSLT-ALS Holdings and ALS Holdings agree to review the Minimum Capital Additions Amount periodically (but in no event less than annually), to provide for the proper operation and maintenance of each of the Facilities.

Related to Minimum Capital Additions Amount

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Minimum Cash Balance means a cash balance to be held by the Debtors on the Effective Date in an amount equal to $75 million plus any amounts received on account of GCI (as defined in the Uniti Term Sheet) reimbursements and Cash Payments (as defined in the Uniti Term Sheet) received by the Debtors on or before the Effective Date.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Minimum Collateral Amount means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 100% of the Fronting Exposure of the Issuing Lenders with respect to Letters of Credit issued and outstanding at such time and (b) otherwise, an amount reasonably determined by the Administrative Agent and the Issuing Lenders in their sole discretion.

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Required Capital Amount has the meaning set forth in Section 5(e) of this Supplement.

  • Target Net Working Capital Amount means an amount equal to $23,085,000.00.

  • Working Capital Adjustment Amount means an amount equal to the difference between (i) the Working Capital of the Company as of the Closing Date and (ii) the Estimated Working Capital Amount. For the avoidance of doubt the Working Capital Adjustment Amount may be a negative number.

  • Minimum L/C Collateral Amount means, at any time, in connection with any Letter of Credit, (i) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 102% of the Revolving L/C Exposure with respect to such Letter of Credit at such time and (ii) otherwise, an amount sufficient to provide credit support with respect to such Revolving L/C Exposure as determined by the Administrative Agent and the Issuing Banks in their sole discretion.

  • Maximum Cap Rate For any Distribution Date with respect to the Group I Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average of the Expense Adjusted Maximum Mortgage Rates of the Group I Mortgage Loans, weighted based on their outstanding Principal Balances as of the first day of the calendar month preceding the month in which the Distribution Date occurs and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12. For any Distribution Date with respect to the Group II Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average of the Expense Adjusted Maximum Mortgage Rates of the Group II Mortgage Loans, weighted based on their outstanding Principal Balances as of the first day of the calendar month preceding the month in which the Distribution Date occurs and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12. For any Distribution Date with respect to the Mezzanine Certificates, a per annum rate equal to the product of (x) the weighted average (weighted on the basis of the results of subtracting from the aggregate Stated Principal Balance of the applicable Loan Group, the current Certificate Principal Balance of the related Class A Certificates) of the Maximum Cap Rate for the Group I Certificates and the Maximum Cap Rate for the Group II Certificates and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period.

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Target Working Capital Amount means $162,000,000.

  • Excess Collateral Amount means, at any time, the excess of (a) the sum of (i) the Collateral Amount, and (ii) the Principal Accumulation Account Balance, over (b) the Note Principal Balance.

  • Working Capital Amount means the difference between (x) the total current assets of the Company and its Subsidiaries and (y) the total current liabilities (other than the New Company Debt, the Existing Company Debt and Deal Expenses) of the Company and its Subsidiaries (in each case calculated in accordance with GAAP immediately prior to the Effective Time and after giving effect to the Contribution, the Distribution and the disposition of cash and cash equivalents contemplated by Section 6.24).

  • Working Capital Deficit means the amount by which the Working Capital is less than the Target Working Capital Amount.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • Casualty Amount means five hundred thousand Dollars (USD500,000) (or the equivalent in any other currency);

  • Replenishment Amount has the meaning assigned to such term in Section 2.06(b).