Operating Surplus. If, at any time, the Provider accumulates an Operating Surplus, BC Housing in its sole discretion, may:
Operating Surplus. Any operating surplus shall be held by the Authority. The Authority may allocate any operating surplus as it deems appropriate for the mission of the Cemetery.
Operating Surplus. For any period “Operating Surplus” is:
Operating Surplus. All distributions made by MLP during its existence have been made from Operating Surplus (as such term is defined in the MLP Partnership Agreement).
Operating Surplus. All distributions made by Buyer during its existence have been made from Operating Surplus (as such term is defined in the Buyer Partnership Agreement).
Operating Surplus. The Provider may retain the Operating Surplus and it may be used in order of priority as follows:
Operating Surplus. All distributions made by WPZ during its existence have been made from Operating Surplus or Capital Surplus (as such terms are defined in the WPZ Partnership Agreement).
Operating Surplus. In the event that the Operating Budget shows that an Owner's allocated share of income has exceeded his/her allocated share of Mandatory Expenditures, the Property Manager shall distribute the excess to such an Owner on an annual basis. The intention of an Owner to challenge an Operating Budget shall not provide a legitimate basis for not paying a distribution based upon it; rather, the distribution shall be payable in full until the date (if any) when the Operating Budget is altered through arbitration. If an Operating Budget is changed through arbitration, the change shall be retroactive to the date the Operating Budget first became effective, the Property Manager shall reconcile any Owner distributions based upon it, and the recipient Owner shall refund to the Property Manager Operating Account any overpayments. If a surplus shown in the Operating Budget turns out to be inaccurate, the Manager shall adjust the Operating Budget as provided in Subsection 4.2D, and adjust any distributions based upon it accordingly. If an Owner otherwise entitled to such a distribution has outstanding monetary obligations to the PHC or to another Owner under the terms of this Agreement, the amounts of such obligations shall be withheld from such Owner's distribution and paid directly to the party or parties to whom they are owed.
Operating Surplus. [Abbreviated Society Name] may retain the Operating Surplus for each Fiscal Year, and the following will apply:
Operating Surplus. 1. The Provider may retain any operating surplus in each Fiscal Year, and may, with prior approval from BC Housing, make payments out of the operating surplus to provide additional Housing Benefits to eligible Recipients as described in this Agreement.
