Annual Surplus definition

Annual Surplus means the accumulated excess of revenues over expenditures for the current year.
View Source
Annual Surplus means the accumulated excess of revenues over expenses for the current year.
View Source
Annual Surplus means the accumulated excess of revenues over expenditures for the current year. “District” means the organization of the District of Lake Country.
View Source

Examples of Annual Surplus in a sentence

  • Response shall prepare annual financial statements on a cash basis for the separate operations of each Clinic and shall prepare an annual pro-forma, accrual basis combined income statement for all Clinics for purposes of determining the Annual Surplus.

  • Each Rental Owner Entity shall (subject to certain limits described below) pay the Authority 60% of Adjusted Annual Surplus Cash for amounts up to $750 per unit (but not less than $100,000 per Rental Phase, adjusted by the Consumer Price Index for each year after Closing) and 80% of Adjusted Annual Surplus Cash thereafter.

  • Such loans will be payable prior to maturity only from a portion of “Adjusted Annual Surplus Cash” as defined and further described below, provided that the Developer shall make best efforts to minimize the extent to which other lenders make a claim on such payments.

  • At Lenders' option and within ten (10) days of the Borrowers' receipt of written notice from Lenders of the exercise of such option, pay 75% of all Borrowers' Annual Surplus Cash Flow to Lenders, the payment of which shall be applied as a prepayment in the manner set forth in Section 2.8 hereof; provided, however that no Call Option Price shall be due and payable as a result of such prepayment.

  • On the Annual Surplus Cash Flow Payment Date, Borrower shall repay the Loans in an amount equal to the Annual Surplus Cash Flow Payment.

  • The Borrowers' Annual Surplus Cash Flow shall be calculated based on Fiscal Year End information supplied by the Borrowers to Lenders, and the Borrowers shall deliver to Lenders written notice of the amount of the Borrowers' Annual Surplus Cash Flow (together with supporting calculations therefor) no later than seventy-five (75) days after the Borrowers' Fiscal Year End.

  • Borrower shall prepay the Loans from the proceeds of insurance as set forth in Section 2.2. Except for prepayments of the Loans with Annual Surplus Cash Flow Payments pursuant to Section 1.4(B) or payments from the proceeds of insurance pursuant to Section 2.2, Borrower may not prepay the Loans in whole or in part prior to the Prepayment Date.

  • The Borrower shall apply fifty percent (50%) of the General Reserve Annual Surplus to the prepayment of the TIFIA Loan.

  • All Surplus Cash Flow (in excess of the Annual Surplus Cash Flow Payment and the Management Incentive), including any portion of the Management Incentive not paid as a result of a Default or Event of Default, shall be retained by the Borrower and used solely for general partnership purposes.

  • Net Operating Income: $_____________ $__________ cash payments on Permitted Debt: $_____________ $__________ Authorized Capital Expenditures: $400,000 $__________ Affiliate Payments: $1,700,000 $__________ Increase over the prior Fiscal Year End's aggregate accounts receivable less than 120 days old $__________ Borrowers' Annual Surplus Cash: $__________ Total payment due to Lender pursuant to Section 5.20 $__________ The foregoing is true and correct to the best of my knowledge.


More Definitions of Annual Surplus

Annual Surplus means Practice Revenue (hereinafter defined) less the sum of the Clinic Expense Portion of the Base Service Fee (hereinafter defined), Practice Retainage (hereinafter defined) and Physician Employee Compensation (hereinafter defined).
View Source
Annual Surplus means excess of revenues over expenditures for the current year.
View Source
Annual Surplus means the accumulated excess of revenues and transfers from others over expenditures and transfers to others for the current year.
View Source
Annual Surplus means the result of the Cooperative’s activities as shown by the Account of Profits and Losses at the end of the fiscal year when profits exceed expenses and losses.
View Source
Annual Surplus means the accumulated excess of revenues over expenses for the current year. This is often referred to in our budget discussions as “prior year’s surplus”.
View Source

Related to Annual Surplus

  • Capital Surplus has the meaning assigned to such term in Section 6.3(a).

  • Operating Surplus means, with respect to any period ending prior to the Liquidation Date, on a cumulative basis and without duplication,

  • Common Surplus means the amount of all receipts or revenues, including assessments, rents, or profits, collected by a condominium association which exceeds common expenses.

  • Adjusted Operating Surplus means, with respect to any period, (a) Operating Surplus generated with respect to such period less (b) (i) the amount of any net increase in Working Capital Borrowings (or the Partnership’s proportionate share of any net increase in Working Capital Borrowings in the case of Subsidiaries that are not wholly owned) with respect to such period and (ii) the amount of any net decrease in cash reserves (or the Partnership’s proportionate share of any net decrease in cash reserves in the case of Subsidiaries that are not wholly owned) for Operating Expenditures with respect to such period not relating to an Operating Expenditure made with respect to such period, and plus (c) (i) the amount of any net decrease in Working Capital Borrowings (or the Partnership’s proportionate share of any net decrease in Working Capital Borrowings in the case of Subsidiaries that are not wholly owned) with respect to such period, (ii) the amount of any net decrease made in subsequent periods in cash reserves for Operating Expenditures initially established with respect to such period to the extent such decrease results in a reduction in Adjusted Operating Surplus in subsequent periods pursuant to clause (b)(ii) above and (iii) the amount of any net increase in cash reserves (or the Partnership’s proportionate share of any net increase in cash reserves in the case of Subsidiaries that are not wholly owned) for Operating Expenditures with respect to such period required by any debt instrument for the repayment of principal, interest or premium. Adjusted Operating Surplus does not include that portion of Operating Surplus included in clause (a)(i) of the definition of “Operating Surplus.”

  • Working Capital Surplus means the amount by which the Working Capital is greater than the Target Working Capital Amount.