Annual Expenses. Note: See Section 4.3 below for the method of computing Expenses. The number set forth above for Annual Expenses is only an estimate. The actual Annual Expenses shall be determined pursuant to Section 4.3c below.
Annual Expenses. The yearly total of payments of cash or incurrence of a liability for the purpose of acquiring assets, or services or settling losses. Assets: A probable future economic benefit obtained or controlled by a particular entity as a result of past transactions or events. These economic resources can be tangible or intangible. Assets might be financial in nature (like cash and accounts receivable) or nonfinancial (like buildings and equipment). Audit: A systematic collection of the sufficient, competent evidential matter needed to attest to the fairness of management’s assertions in the financial statements or to evaluate whether management has efficiently and effectively carried out its responsibilities. The auditor obtains this evidential matter through inspection, observation, inquiries, and confirmations with third parties. Refer to Compliance Audit, Corrective Action Plan, Financial Audit, Performance Audit, and Single Audit. Balance Sheet: A financial statement that discloses the assets, liabilities, and equities of an entity at a specified date in conformity with generally accepted accounting principles (GAAP). Also, referred to as the Statement of Financial Position or Statement of Net Assets (not to be confused with Statement of Net Position, see below).
Annual Expenses means, for any Lease Year, all reasonable and necessary direct, out-of-pocket expenses and disbursements which Lessee shall pay during the Lease Year because of or in connection with the ownership, or operation, maintenance of the Project including deposits into any replacement reserve as required by a City loan agreement, and such other uses as may be approved in writing by the City.
Examples of Annual Expenses in a sentence
This will be determined by a ratio of Effective Gross Income to Total Annual Expenses (including reserve for replacement).
All developments with debt must meet DCA’s debt coverage ratio requirement and have a minimum Effective Gross Income to Total Annual Expenses (including reserve for replacement) ratio of 1.10 for new construction and 1.15 for developments involving rehabilitation.
Annual Income Inflation Rate of 2.0% and Annual Expenses Inflation Rate of 2.0% for the remaining term of affordability.
This will be determined by a ratio of Effective Gross Income to Total Annual Expenses (including Replacement Reserves).
This will be determined by an expense ratio of Effective Gross Income to Total Annual Expenses (including replacement reserve contributions).
More Definitions of Annual Expenses
Annual Expenses. Annual expenses: income from financial activity, 1994 - $2 600 thousand expenses, profit. Possible for 1994, 1995 - $4 400 thousand 1995, 1996 years 1996 - $2 600 thousand
Annual Expenses means the estimated aggregate amount of expenses to be incurred in connection with the Club during the applicable Calendar Year (a) to provide for the payment of the operation, management, maintenance, administration, improvement and repair of the Club Projects, including without limitation, the Suites, the Common Areas, and the Common Furnishings, and for the creation of reserves for payment of capital expenditures relating to the repair, restoration or replacement of the Suites, Common Areas and/or Common Furnishings; (b) to provide for the payment of miscellaneous expenses incurred in connection with the operation of the Club; and (c) payment of any insurance and bonding costs as well as any federal, state or municipal taxes and/or licensing fees.
Annual Expenses. As defined in Section 23.01.
Annual Expenses. For any Distribution Date, an amount equal to the sum of the Servicing Fee, plus any expenses and indemnities for which such parties reimbursed themselves out of the Distribution Account, subject to an annual limitation on certain expenses and indemnities of $150,000 for the Trustee and of $250,000 for the Master Servicer, the Securities Administrator and the Custodian; provided, however, that such cap shall not apply to any expenses, costs or liabilities incurred by the Master Servicer in connection with assuming primary servicing responsibilities with respect to the Mortgage Loans.
Annual Expenses. Property Tax : $2003 Commercial Insurance: $2900 Common area electric: $145 Water/Sewer/Trash pickup: $2600 Repairs/Maint.: $1000
Annual Expenses mean the Fund’s pro-rata portion of all fees, costs and expenses connected with the management and operation of the Company and all fees, costs and expenses connected with the management and operation of Fund (with the exception of the fees and expenses of the Manager and its out-of-pocket expenses which are excluded) including, but not limited to, the fees and expenses (including out of pocket expenses) of the service providers to the Fund, such as the fees and expenses payable to the Depositary (including fees and transaction charges (which shall be at normal commercial rates) and reasonable out-of pocket expenses of any sub-custodian), the Investment Manager, the Administrator and the Distributor, the operational expenses, the Directors fees and out of pocket expenses, the audit fees, the fees of the tax and legal advisors, the company secretarial fees, the money laundering reporting officer fees and foreign registration fees. "Annual Expenses" shall not, however, include any taxation (including stamp duty) to which the Company may be liable, commissions, brokerage fees and other expenses incurred with respect to the investments of the Fund and any extraordinary or exceptional costs and expenses as may arise from time to time such as material litigation in relation to the Company or the Fund. The foregoing fees, costs and expenses, where arising, will be borne by the Company or the Fund, as applicable.
Annual Expenses means all expenses (including irrecoverable VAT but excluding exceptional costs (where agreed with the Board and the auditors of the Company) and further excluding without prejudice to the generality of the foregoing: (i) all amounts payable to the Investment Adviser pursuant to this Agreement (before taking account of any reduction pursuant to clause 6.6); (ii) the remuneration and any expenses payable to the directors and other officers and employees of the Company; (iii) the remuneration and any expenses payable to the Company’s stockbrokers, registrars, VCT Status Monitors and its registrars, solicitors, auditors and other advisers (iv) annual trail commission payable to independent financial advisers and (v) performance fees payable to the Investment Adviser;