Annual Surplus definition

Annual Surplus means the accumulated excess of revenues over expenditures for the current year.
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Annual Surplus means the accumulated excess of revenues over expenses for the current year.
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Annual Surplus means the accumulated excess of revenues and transfers from others over expenditures and transfers to others for the current year.
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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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Any prepayments made from Annual Surplus Cash Flow Payments pursuant to Section 1.4(B) or from the proceeds of insurance pursuant to Section 2.2 shall be permitted and, to the extent applied to the principal portion of the Loans, shall constitute prepayments subject to the Fixed Rate Breakage Fee.


More Definitions of Annual Surplus

Annual Surplus means excess of revenues over expenditures for the current year.
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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).
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Annual Surplus means the accumulated excess of revenues over expenditures for the current year. “District” means the organization of the District of Lake Country.
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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.
Sample 1

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 excess of all receipts of the Association collected on behalf of the Association, including, but not limited to, Assessments, rents, profits and revenues on account of the Common Elements, over the amount of 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.

  • Distributable surplus means the Gains that has been realised on a marked to market basis and is carried forward to the balance sheet at market value, arising out of appreciation on investments which is readily available for distribution to the unit holders as Income.

  • Statutory Surplus means, with respect to any Insurance Subsidiary at any time, the statutory capital and surplus of such Insurance Subsidiary at such time, as determined in accordance with SAP ("Liabilities, Surplus and Other Funds" statement, page 3, line 25 of the Annual Statement for the 1995 Fiscal Year entitled "Surplus as Regards Policyholders").

  • Capital and Surplus means, as to any Insurance Subsidiary, as of any date, the total amount shown on line 38, page 3, column 1 (or such other line on which the equivalent information is provided on any other such Annual Statement) of the Annual Statement of such Insurance Subsidiary as of such date, or an amount determined in a consistent manner for any date other than one as of which an Annual Statement is prepared.

  • Net Available Cash from an Asset Disposition means cash payments received (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and net proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring person of Indebtedness or other obligations relating to the properties or assets that are the subject of such Asset Disposition or received in any other non-cash form) therefrom, in each case net of:

  • Reserve Account Surplus means, as of any Transfer Date following the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.

  • Surplus Amount means [***].

  • Cash Flow Available for Debt Service for any period, means (i) Cash Flow received during such period minus (ii) (A) all O&M Costs paid during such period and (B) if an Equity Cure has been made in any fiscal quarter during the period for which Cash Flow Available for Debt Service is calculated, the lesser of the aggregate amount of (x) such Equity Cure during such period and (y) the aggregate amount of cash distributions paid by the Company during such period.

  • Cash Available for Distribution means the Available Cash other than Net Sales Proceeds.

  • Available Cash means, with respect to any Quarter ending prior to the Liquidation Date:

  • Distributable Cash means all cash, revenues and funds received by the Company from Company operations, less the sum of the following to the extent paid or set aside by the Company: (i) all principal and interest payments on indebtedness of the Company and all other sums paid to lenders; (ii) all cash expenditures incurred incident to the normal operation of the Company’s business; (iii) such Reserves as the Managers deem reasonably necessary to the proper operation of the Company’s business.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Partially Adjusted Capital Account means, with respect to any Member for any taxable year or other period of the Company, the Capital Account balance of such Member at the beginning of such year or period, adjusted for all contributions and distributions made or deemed made to or by such Member during such year or period and all special allocations to such Member pursuant to Section 6.2 with respect to such year or period, but before giving effect to any allocations of Net Profit or Net Loss to such Member pursuant to Section 6.1 with respect to such year or period.

  • Surplus Cash means, with respect to any period, any revenues of Borrower remaining after paying, or setting aside funds for paying, all the following:

  • Liquidating Gains means any net gain realized in connection with the actual or hypothetical sale of all or substantially all of the assets of the Partnership (including upon the occurrence of any Liquidating Event or Terminating Capital Transaction), including but not limited to net gain realized in connection with an adjustment to the Gross Asset Value of Partnership assets under the definition of Gross Asset Value in Section 1 of this Agreement.

  • Distributable Cash Flow means the cash flow available for distribution to Shareholders as dividends as described under “Dividends”;

  • Available Cash Flow means an amount, with respect to each Fiscal Year or portion thereof during the Term, equal to the excess, if any, of the Operating Profit over the Owner’s Priority.

  • Total Available Funds shall have the meaning set forth in Section 5.7(a).

  • Class B Available Funds means, with respect to any Monthly Period, an amount equal to the sum of (a) the Class B Floating Percentage of the Reallocated Investor Finance Charge Collections and (b) if such Monthly Period relates to a Distribution Date with respect to the Controlled Accumulation Period, the Class B Floating Percentage of the Principal Funding Account Investment Proceeds, if any, with respect to such Distribution Date.

  • Surplus Fund means the fund by that name established pursuant to the Second Resolution.

  • Consolidated Income Available for Debt Service for any period means Earnings from Operations of the Company and its Subsidiaries plus amounts which have been deducted, and minus amounts which have been added, for the following (without duplication): (i) interest on Indebtedness of the Company and its Subsidiaries, (ii) provision for taxes of the Company and its Subsidiaries based on income, (iii) amortization of debt discount, (iv) provisions for gains and losses on properties and property depreciation and amortization, (v) the effect of any noncash charge resulting from a change in accounting principles in determining Earnings from Operations for such period and (vi) amortization of deferred charges.

  • Adjusted Capital Account Balance means, with respect to each Partner, the balance in such Partner’s Capital Account adjusted (i) by taking into account the adjustments, allocations and distributions described in Treasury Regulations Sections 1.704-1(b)(2)(ii)(c)(4), (5) and (6); and (ii) by adding to such balance such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, determined pursuant to Treasury Regulations Sections 1.704-2(g) and 1.704-2(i)(5), and any amounts such Partner is obligated to restore pursuant to any provision of this Agreement or by applicable Law. The foregoing definition of Adjusted Capital Account Balance is intended to comply with the provisions of Treasury Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.