Net Sales Proceeds In the case of a transaction described in clause (A) of the definition of Sale, the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including all real estate commissions, closing costs and legal fees and expenses. In the case of a transaction described in clause (B) of such definition, Net Sales Proceeds means the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including any legal fees and expenses and other selling expenses incurred in connection with such transaction. In the case of a transaction described in clause (C) of such definition, Net Sales Proceeds means the proceeds of any such transaction actually distributed to the Company from the Joint Venture less the amount of any selling expenses, including legal fees and expenses incurred by or on behalf of the Company (other than those paid by the Joint Venture). In the case of a transaction or series of transactions described in clause (D) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction (including the aggregate of all payments under a Mortgage or in satisfaction thereof other than regularly scheduled interest payments) less the amount of selling expenses incurred by or on behalf of the Company, including all commissions, closing costs and legal fees and expenses. In the case of a transaction described in clause (E) of such definition, Net Sales Proceeds means the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including any legal fees and expenses and other selling expenses incurred in connection with such transaction. In the case of a transaction described in the last sentence of the definition of Sale, Net Sales Proceeds means the proceeds of such transaction or series of transactions less all amounts generated thereby which are reinvested in one or more Assets within 180 days thereafter and less the amount of any real estate commissions, closing costs, and legal fees and expenses and other selling expenses incurred by or allocated to the Company in connection with such transaction or series of transactions. Net Sales Proceeds shall also include any consideration (including non-cash consideration such as stock, notes, or other property or securities) that the Company determines, in its discretion, to be economically equivalent to proceeds of a Sale, valued in the reasonable determination of the Company. Net Sales Proceeds shall not include any reserves established by the Company in its sole discretion.
Gross Revenues All revenues, receipts, and income of any kind derived directly or indirectly by Lessee from or in connection with the Hotel (including rentals or other payments from tenants, lessees, licensees or concessionaires but not including their gross receipts) whether on a cash basis or credit, paid or collected, determined in accordance with generally accepted accounting principles, excluding, however: (i) funds furnished by Lessor, (ii) federal, state and municipal excise, sales, and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes and paid over to federal, state or municipal governments, (iii) the amount of all credits, rebates or refunds to customers, guests or patrons, and all service charges, finance charges, interest and discounts attributable to charge accounts and credit cards, to the extent the same are paid to Lessee by its customers, guests or patrons, or to the extent the same are paid for by Lessee to, or charged to Lessee by, credit card companies, (iv) gratuities or service charges actually paid to employees, (v) proceeds of insurance and condemnation, (vi) proceeds from sales other than sales in the ordinary course of business, (vii) all loan proceeds from financing or refinancings of the Hotel or interests therein or components thereof, (viii) judgments and awards, except any portion thereof arising from normal business operations of the Hotel, and (ix) items constituting “allowances” under the Uniform System.
Gross Proceeds The aggregate purchase price of all Shares sold for the account of the Company through all Offerings, without deduction for Sales Commissions, volume discounts, any marketing support and due diligence expense reimbursement or Organization and Offering Expenses. For the purpose of computing Gross Proceeds, the purchase price of any Share for which reduced Sales Commissions are paid to the Dealer Manager or a Soliciting Dealer (where net proceeds to the Company are not reduced) shall be deemed to be the full amount of the offering price per Share pursuant to the Prospectus for such Offering without reduction.
Collect Revenues, Apply Accounts Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.
Gross Asset Value The term "Gross Asset Value" means, with respect to any asset, the asset's adjusted basis for federal income tax purposes, except as follows:
Operating Cash Flow As used in this Agreement, “Operating Cash Flow” shall mean and be defined, for any fiscal period, as all cash receipts of the Partnership from whatever source (but excluding Capital Cash Flow and excluding the proceeds of any Capital Contributions to the Partnership) during such period in question in excess of all items of Partnership expense (other than non-cash expenses such as depreciation) and other cash needs of the Partnership, including, without limitation, amounts paid by the Partnership as principal on debts and advances, during such period, capital expenditures and any reserves (as determined by the Managing General Partner) established or increased during such period. Operating Cash Flow shall be distributed to or for the benefit of the Partners of record as of the applicable record date not less frequently than quarterly, and shall be allocated among the Partners as follows:
Contract Sales Price The total consideration provided for in the sales contract for the sale of a Property.
Price Summit Cash Reserves Fund T Xxxx Price Summit Limited-Term Bond Fund T. Xxxx Price Summit GNMA Fund T. XXXX PRICE SUMMIT MUNICIPAL FUNDS, INC. on behalf of the: T. Xxxx Price Summit Municipal Money Market Fund T. Xxxx Price Summit Municipal Intermediate Fund T. Xxxx Price Summit Municipal Income Fund T. XXXX PRICE VALUE FUND, INC. PAGE 21 AMENDMENT NO. 1 AGREEMENT between T. XXXX PRICE ASSOCIATES, INC. and THE T. XXXX PRICE FUNDS for FUND ACCOUNTING SERVICES The Agreement for Fund Accounting Services of January 1, 1997, between T. Xxxx Price Associates, Inc. and each of the Parties listed on Appendix A thereto is hereby amended, as of February 4, 1997, by adding thereto Reserve Investment Funds, Inc., on behalf of Government Reserve Investment Fund and Reserve Investment Fund. RESERVE INVESTMENT FUNDS, INC. Government Reserve Investment Fund Reserve Investment Fund T. XXXX PRICE BALANCED FUND, INC. T. XXXX PRICE BLUE CHIP GROWTH FUND, INC. T. XXXX PRICE CALIFORNIA TAX-FREE INCOME TRUST California Tax-Free Bond Fund California Tax-Free Money Fund T. XXXX PRICE CAPITAL APPRECIATION FUND T. XXXX PRICE CAPITAL OPPORTUNITY FUND, INC. T. XXXX PRICE CORPORATE INCOME FUND, INC. T. XXXX PRICE DIVIDEND GROWTH FUND, INC. T. XXXX PRICE EQUITY INCOME FUND T. XXXX PRICE EQUITY SERIES, INC. T. Xxxx Price Equity Income Portfolio T. Xxxx Price New America Growth Portfolio T. Xxxx Price Personal Strategy Balanced Portfolio T. Xxxx Price Mid-Cap Growth Portfolio T. XXXX PRICE FINANCIAL SERVICES FUND, INC. T. XXXX PRICE FIXED INCOME SERIES, INC. T. Xxxx Price Limited-Term Bond Portfolio T. Xxxx Price Prime Reserve Portfolio PAGE 22 T. XXXX PRICE GNMA FUND T. XXXX PRICE GROWTH & INCOME FUND, INC. T. XXXX PRICE GROWTH STOCK FUND, INC. T. XXXX PRICE HEALTH SCIENCES FUND, INC. T. XXXX PRICE HIGH YIELD FUND, INC. T. XXXX PRICE INDEX TRUST, INC. T. Xxxx Price Equity Index Fund INSTITUTIONAL EQUITY FUNDS, INC. Mid-Cap Equity Growth Fund INSTITUTIONAL INTERNATIONAL FUNDS, INC. Foreign Equity Fund T. XXXX PRICE INTERNATIONAL FUNDS, INC. T. Xxxx Price International Bond Fund T. Xxxx Price International Discovery Fund T. Xxxx Price International Stock Fund T. Xxxx Price European Stock Fund T. Xxxx Price New Asia Fund T. Xxxx Price Global Government Bond Fund T. Xxxx Price Japan Fund T. Xxxx Price Latin America Fund T. Xxxx Price Emerging Markets Bond Fund T. Xxxx Price Emerging Markets Stock Fund T. Xxxx Price Global Stock Fund T. XXXX PRICE INTERNATIONAL SERIES, INC. T. Xxxx Price International Stock Portfolio T. XXXX PRICE MID-CAP GROWTH FUND, INC. T. XXXX PRICE MID-CAP VALUE FUND, INC. T. XXXX PRICE NEW AMERICA GROWTH FUND T. XXXX PRICE NEW ERA FUND, INC. T. XXXX PRICE NEW HORIZONS FUNDS, INC. T. XXXX PRICE NEW INCOME FUND, INC. T. XXXX PRICE OTC FUND, INC., now known as T. XXXX PRICE SMALL-CAP STOCK FUND, INC. T. Xxxx Price OTC Fund, now known as T. Xxxx Price Small-Cap Stock Fund PAGE 23 T. XXXX PRICE PERSONAL STRATEGY FUNDS, INC. T. Xxxx Price Personal Strategy Balanced Fund T. Xxxx Price Personal Strategy Growth Fund T. Xxxx Price Personal Strategy Income Fund T. XXXX PRICE PRIME RESERVE FUND, INC. T. XXXX PRICE SCIENCE & TECHNOLOGY FUND, INC. T. XXXX PRICE SHORT-TERM BOND FUND, INC. T. XXXX PRICE SHORT-TERM U.S. GOVERNMENT FUND, INC. T. XXXX PRICE SMALL-CAP VALUE FUND, INC. T. XXXX PRICE SPECTRUM FUND, INC. Spectrum Growth Fund Spectrum Income Fund Spectrum International Fund
Total Operating Expenses All costs and expenses paid or incurred by the Company, as determined under GAAP, that are in any way related to the operation of the Company or its business, including the Advisory Fee, but excluding (i) the expenses of raising capital such as Organization and Offering Expenses, legal, audit, accounting, underwriting, brokerage, listing, registration, and other fees, printing and other such expenses and taxes incurred in connection with the issuance, distribution, transfer and registration of securities, (ii) interest payments, (iii) taxes, (iv) non-cash expenditures such as depreciation, amortization and bad debt reserves, (v) incentive fees paid in compliance with the NASAA REIT Guidelines; (vi) acquisition fees and Acquisition Expenses, (vii) real estate commissions on the sale of Real Property, and (viii) other fees and expenses connected with the acquisition, disposition, management and ownership of real estate interests, mortgages or other property (including the costs of foreclosure, insurance premiums, legal services, maintenance, repair, and improvement of property). The definition of “Total Operating Expenses” set forth above is intended to encompass only those expenses which are required to be treated as Total Operating Expenses under the NASAA REIT Guidelines. As a result, and notwithstanding the definition set forth above, any expense of the Company which is not part of Total Operating Expenses under the NASAA REIT Guidelines shall not be treated as part of Total Operating Expenses for purposes hereof. 2%/25% Guidelines. 2%/25% Guidelines shall have the meaning set forth in Section 14.
Gross Income Allocations In the event any Partner has a deficit balance in its Capital Account at the end of any Partnership taxable period in excess of the sum of (A) the amount such Partner is required to restore pursuant to the provisions of this Agreement and (B) the amount such Partner is deemed obligated to restore pursuant to Treasury Regulation Sections 1.704-2(g) and 1.704-2(i)(5), such Partner shall be specially allocated items of Partnership gross income and gain in the amount of such excess as quickly as possible; provided, that an allocation pursuant to this Section 6.1(d)(v) shall be made only if and to the extent that such Partner would have a deficit balance in its Capital Account as adjusted after all other allocations provided for in this Section 6.1 have been tentatively made as if this Section 6.1(d)(v) were not in this Agreement.
