Fixed Expenses means the greater of: (i) the annualized Actual Fixed Expenses for the Mortgaged Property, or (ii) the Underwritten Fixed Expenses.
Fixed Expenses means expenses that are necessary to expend for the business of the insured and their amount does not change depending on the scope of business of the insured even if the insured’s business is partially or completely discontinued. The insurance is only for those fixed expenses listed in the policy.
Fixed Expenses means the sum of (a) Taxes (based on the most current bxxx annualized, subject to adjustment by Lender to take into account any change in assessment that has not yet been reflected in the most current tax bxxx), and (b) Insurance Premiums (based on the most current premium annualized). In making the calculations described herein, applicable line items may be adjusted by Lender in its reasonable discretion (a) to accurately reflect the amounts of any extraordinary non-recurring items in the relevant period and to reflect on a pro rata basis those items on an annual or semi-annual basis, (b) to accurately reflect prevailing market conditions and (c) where applicable, to reflect leases (and projected changes to the applicable line items above) which are either (i) anticipated to terminate within the 90 days of the date of calculation or (ii) executed with creditworthy tenants with rent commencement dates scheduled to occur within 90 days of the date of calculation. SCHEDULE I IMMEDIATE REPAIRS NONE Schedule I-1 SCHEDULE II ORGANIZATIONAL CHART (attached hereto) Schedule II-1 SCHEDULE III DESCRIPTION OF REA’S
Examples of Fixed Expenses in a sentence
BAC Resolution Fixed Expenses – Billing Statement CLIENT STEPSAGENCY ACTIONSFEES TO BE PAIDPROCESSING TIMEPERSON RESPONSIBLE1.
Break Even point (Units) =Fixed Expenses Contributi on per unitFixed expenses2.
Fixed Expenses are expenses incurred by Applicant that are unlikely to vary regardless of the amount of the NMTC Allocationaward or size and number of QLICIs considered or made.
Allowable educational service costs are separated into three cost components: Personal Services, Other Expenses and Fixed Expenses.
Increases in the residential care cost component of Fixed Expenses over the previous contract year will be fully reimbursed, subject to review, except that increases in workers’ compensation, dental insurance, hospital insurance, retirement, and other fringes resulting from revision, modification or expansion of benefit plans, unless such changes in benefit plans were previously approved by the department, are non-allowable costs.
More Definitions of Fixed Expenses
Fixed Expenses means bills where you have to pay the same amount each month. Loans, rent and car payments are all examples of fixed expenses.
Fixed Expenses means the fixed overhead expenses of running the Acquiror’s business which will be a maximum of $50,000 per month for the first four months following the Close and thereafter will not exceed more than 2.0% of Gross Revenues. Any increase in this number
Fixed Expenses means the fixed overhead expenses of running the Acquiror’s business which will be a maximum of $50,000 per month for the first four months following the Close and thereafter will not exceed more than 2.0% of Gross Revenues. Any increase in this number must first be approved by all shareholders. For the purposes of this clause, banking fees are not included which will be paid as incurred.
Fixed Expenses shall refer to all expense items in the "Supplementary Five Year Expense Detail by Department" included in the Company's Forecast Financial Statements dated March 29, 1996 (other than those expenses that vary as a function of the Company's revenue volume or marketing efforts); and the operative amounts thereof for purposes of comparison shall be the sum of the line item amounts budgeted for Q1-Year 1, Q2-Year 1 and Q3-Year 1.
Fixed Expenses means, to the extent not included in Operating Expenses, (a) an amount equal to amounts put into any maintenance or capital expenditure reserve for such period, plus any amounts expended on maintenance, capital improvements or furniture, fixtures and equipment in excess of those paid from the reserves; (b) all personal property taxes, real estate taxes, assessments, and any other ad valorem taxes imposed on or levied in connection with the Hotels, the installations and the furniture, fixtures and equipment and (less refunds, offsets or credits thereof, and interest thereon, if any, received during the period in question); (c) lease payments other than those paid to Apple REIT or its wholly owned subsidiaries; (d) insurance premiums for all insurance maintained by the Borrower, its Affiliates or any manager of the Hotels with respect to the Hotels, including without limitation, property damage insurance, public liability insurance, and such business interruption or other insurance as may be provided for protection against claim, liabilities and losses arising from the use and operation of any Hotel and losses incurred with respect to deductibles applicable to the foregoing types of insurance;(e) common area maintenance charges; (f) legal fees not involving operation of any Hotel; and (g) all management fees, including without limitation any incentive fees payable to any manager of any Hotel.
Fixed Expenses. Means workers’ compensation; dental insurance; hospital insurance; retirement; other fringes; rent; heat, light and water; depreciation; telephone and telegraph; and insurance.