Replacement Reserve Funds definition

Replacement Reserve Funds shall have the meaning set forth in Section 8.2 hereof.

Replacement Reserve Funds shall have the meaning set forth in Section 9.2(b) hereof.

Replacement Reserve Funds shall have the meaning set forth in the Mortgage Loan Agreement.

Examples of Replacement Reserve Funds in a sentence

• Interest earned on this Fund, if any, shall become a part of this Fund and shall be treated and disbursed in the same way as any other deposits to the Fund, in accordance with the Authority's policy regarding the use of Replacement Reserve Funds.

• All monies in the Replacement Reserve Fund shall be used and disbursed in accordance with the terms of the Regulatory Agreement and the Authority's policy regarding the use of Replacement Reserve Funds.

• This policy applies to Replacement Reserve Funds not needed for the current fiscal year and any identified operating funds not needed for the current fiscal year.

• We agree that the proposals in ED-570 are responsive to the public interest.

• Routine Financial Reports” shall include as a minimum a Balance Sheet and Operating Statement for both the Operating and Replacement Reserve Funds, plus supporting reports and schedules for Accounts Receivable and Accounts Payable, and such other routine and non-customized reports as may be available within the accounting system of the Managing Agent.

More Definitions of Replacement Reserve Funds

Replacement Reserve Funds. Provided no Event of Default is continuing, upon the termination of any Replacement Reserve Deposit Period, any amounts held in the Replacement Reserve Account shall be disbursed to Borrower at Borrower’s direction.

Replacement Reserve Funds is defined in Section 8.2.

Replacement Reserve Funds shall have the meaning set forth in Section 4.2 hereof.

Replacement Reserve Funds means the fund established pursuant to Section 1.19 of this City Loan Agreement.

Replacement Reserve Funds and the account in which such amounts are held shall hereinafter be referred to as Borrowers’ “Replacement Reserve Account”. Lender may reassess its estimate of the amount necessary for the Replacement Reserve Funds from time to time, and may increase the monthly amounts required to be deposited into the Replacement Reserve Account upon thirty (30) days notice to Borrowers if Lender determines in its reasonable discretion that an increase is necessary to maintain the proper maintenance and operation of the Properties.

Replacement Reserve Funds shall have the meaning set forth in Section 6.4.1.

Replacement Reserve Funds and the account in which such Replacement Reserve Funds are held shall hereinafter be referred to as Borrower’s “Replacement Reserve Account”.