Replacement Reserve Cap definition

Replacement Reserve Cap shall have the meaning set forth in Section 7.3.1 hereof.

Replacement Reserve Cap means the amount set forth in Section 1.03.

Replacement Reserve Cap has the meaning set forth in Section 4.05(b).

Examples of Replacement Reserve Cap in a sentence

• When the customer requests the utility to disconnect service or close an account or when a co-customer fails to reapply for service within 20 calendar days after a joint account is closed by the other co-customer, so long as the utility has provided a notice of pending disconnection.

• Borrower may, at its option, provide a Letter of Credit which complies with the terms and conditions of Section 6.08 of this Loan Agreement, in the amount of the Replacement Reserve Cap, in fulfillment of its obligations under this Section 4.05, provided that, upon disbursement of funds under such Letter of Credit, Borrower provides Lender with a replacement Letter of Credit in the amount of the Replacement Reserve Cap.

• When the Replacement Reserve Funds on deposit in the Replacement Reserve Account equals or exceeds the Replacement Reserve Cap, Borrower may cease making Replacement Reserve Monthly Deposits to the Replacement Reserve Fund.

• Following the release of a Release Property in accordance with Section 2.6.1, Lender shall adjust the Replacement Reserve Cap, the Rollover Reserve Cap and (if applicable) the other amounts thereafter required to be deposited by Borrower into the Reserve Accounts to reflect amounts required solely for the remaining Individual Properties after giving effect to such release.

• At such time as amounts on deposit in the Replacement Reserve Account are less than the Replacement Reserve Cap, Borrower's obligation to make the Monthly Replacement Reserve Deposit shall be reinstated until such time as and only for so long as, the amount on deposit in the Replacement Reserve Account equals the Replacement Reserve Cap.

More Definitions of Replacement Reserve Cap

Replacement Reserve Cap means, for each date of determination, an amount equal to the Aggregate Square Footage multiplied by sixty cents ($0.60).

Replacement Reserve Cap means, as of the date of determination, an amount equal to the Aggregate Square Footage multiplied by Forty Cents ($040), provided that in the event that the Debt Service Coverage Ratio based on the trailing twelve (12) month period immediately preceding such date of determination is equal to or greater than 1.71 to 1.00, the Replacement Reserve Cap shall mean, as of the date of determination, an amount equal to the Aggregate Square Footage multiplied by Twenty Cents ($0.20). The Replacement Reserve Cap as of the Closing Date is Three Million Nine Hundred One Thousand Five Hundred Fifteen ($3,901,515).

Replacement Reserve Cap means the amount set forth in the Summary. Rider to Continuing Covenant Agreement - TEL

Replacement Reserve Cap shall have the meaning set forth in Exhibit G.

Replacement Reserve Cap shall have the meaning set forth in the Closing Date Mortgage Loan Agreement.

Replacement Reserve Cap means an amount equal to One Hundred Six Thousand Two Hundred Fifty and No/100 Dollars ($106,250.00).

Replacement Reserve Cap means $127,816.65 (which represents an amount equal to the Net Rentable Square Footage multiplied by $0.15 multiplied by three (3) years).