Net Operating Income. The term "Net Operating Income" shall mean, for each applicable Calendar Period, the Gross Income less Operating Expenses, determined on a cash basis of accounting except as otherwise provided herein. As used herein, the following terms shall have the respective meanings set forth below.
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Samples: Construction Loan Agreement (Stratus Properties Inc)
Net Operating Income. The term "“Net Operating Income" ” shall mean, for each applicable Calendar Period, the Gross Income less Operating Expenses, determined on a cash basis of accounting except as otherwise provided herein. As used herein, the following terms shall have the respective meanings set forth below.
Appears in 1 contract
Samples: Construction Loan Agreement (Stratus Properties Inc)
Net Operating Income. The term "“Net Operating Income" ” shall mean, for each applicable Calendar Period, the difference of (i) Gross Income less (ii) Operating Expenses, determined on a cash generally accepted accounting principles basis of accounting except as otherwise provided herein. As used herein, the following terms shall have the respective meanings set forth below.
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Samples: Loan Agreement (Behringer Harvard Opportunity REIT II, Inc.)
Net Operating Income. The As used in the Loan Documents, the term "“Net Operating Income" ” shall mean, with respect to the Mortgaged Property, for each applicable Calendar Period, the Gross Income less Operating Expenses, determined on a cash an accrual basis of accounting except as otherwise provided hereinprovided. As used hereinin the Loan Documents, the following terms shall have the respective meanings set forth below.:
Appears in 1 contract
Samples: Loan Agreement (Grubb & Ellis Healthcare REIT II, Inc.)
Net Operating Income. The As used in the Loan Documents, the term "“Net Operating Income" ” shall mean, with respect to the Mortgaged Property, for each applicable Calendar Period, the Gross Income less Operating Expenses, determined on a cash basis of accounting except as otherwise provided hereinprovided. As used hereinin the Loan Documents, the following terms shall have the respective meanings set forth below.:
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Samples: Loan Agreement (Carter Validus Mission Critical REIT, Inc.)
Net Operating Income. The term "Net Operating Income" shall mean, for each applicable Calendar Period, mean the Gross Income less Operating ExpensesExpenses (as defined below), determined on a cash basis of accounting except as otherwise provided herein. As used herein, the following terms shall have the respective meanings set forth below.:
Appears in 1 contract
