Examples of Approved Operating Expenses in a sentence
Any costs and expenses incurred by the Borrower that is not included in the definition of Total Approved Operating Expenses set forth above shall not be included in the Total Approved Operating Expenses used to calculate the Residual Receipts.
The proposed operating budget shall include with particularity the projected (I) Gross Revenues, (II) Approved Operating Expenses, (III) Senior Debt Service Payments, (IV) the Property Management Fee payments, (V) payments into or withdrawals from the Replacement Reserve, and (VI) Residual Receipts, on a month-by-month basis for the applicable Budget Year.
The Department has been making Annuity Fund Payments to the Development under the Original Regulatory Agreement to subsidize annual Annuity Approved Operating Expenses of the Development.
Any costs and expenses incurred by the Borrower that is not included in the definition of Approved Operating Expenses set forth above shall not be included in the Approved Operating Expenses used to calculate the Residual Receipts.
The proposed 12-month operating budget shall include with particularity the projected (I) Total Gross Revenues, (II) Total Senior Lender Debt Service Payments, (III) Total Approved Operating Expenses, (IV) Total Property Management Fee Payment, (V) annual General Partner Asset Management Fee, (VI) annual Limited Partner Asset Management Fee, (VII) payments by the Borrower into the Capital Replacement Reserve, and (VIII) Residual Receipts, on a month-by- month basis for the applicable Fiscal Year.