Annual Operating Statement definition

Annual Operating Statement shall have the meaning set forth in Section 4.0l.B.
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Annual Operating Statement shall have the meaning set forth in Section 9.01.
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Annual Operating Statement has the meaning ascribed to such term in Section 4.01.B.
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Examples of Annual Operating Statement in a sentence

  • Such Annual Operating Statement shall be controlling over the preceding Accounting Period Statements.

  • Additional adjustments to all payments will be made on an annual basis based upon the Aggregate Annual Operating Statement for the Year and any audit conducted pursuant to Section 4.02 of the Management Agreements.

  • The parties shall, within five (5) Business Days after Owner’s receipt of such Annual Operating Statement, make any adjustments, by cash payment, in the amounts paid or retained for such Fiscal Year as are needed because of the final figures set forth in such Annual Operating Statement.

  • If Owner does not make such an audit, then such Annual Operating Statement shall be deemed to be conclusively accepted by Owner as being correct, except in the event of manifest error or fraud, misrepresentation, misconduct or negligence by Manager or its agents, employees, representatives or contractors or other third parties.

  • If Owner desires to audit, examine or review the Annual Operating Statement, Owner shall notify Manager in writing within sixty (60) days after receipt of such Annual Operating Statement of its intention to audit and begin such audit no sooner than ten (10) days after Manager’s receipt of such notice.


More Definitions of Annual Operating Statement

Annual Operating Statement shall have the meaning given such term in Section 17.2(c).
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Annual Operating Statement has the meaning ascribed to such term in Section 4.01.B. “Arbitration Award” has the meaning ascribed to such term in Section 11.17.
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Annual Operating Statement shall have the meaning set forth in Section 9.01. Base Management Fee shall have the meaning set forth in Section 6.01 A.
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Annual Operating Statement shall have the meaning set forth in -------------------------- Section
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Annual Operating Statement means a financial statement in -------------------------- reasonable detail summarizing the Hotel operations for a given Fiscal Year.
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Annual Operating Statement shall have the meaning ascribed to such term in Section 4.01.C. “Apartments” shall have the meaning ascribed to such term in the Condominium Declaration.
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Annual Operating Statement shall have the meaning set forth in Section -------------------------- 9.1. "Available Cash Flow" shall mean an amount, with respect to each Fiscal ------------------- Year or portion thereof, (prorated for any partial Fiscal Year) during the Term of this Agreement, equal to the excess, if any, of the Operating Profit for such Fiscal Year over the sum of: (i) the applicable Owner's Priority in such Fiscal Year, plus; (ii) the Base Management Fee, plus; (iii) Deferred Contingent Base Management Fees paid to Manager in such Fiscal Year.
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