Breakeven Point definition

Breakeven Point means the first time at which, as certified by the General Partners, based upon four (4) consecutive full calendar months of Partnership operation occurring after the later to occur of (i) the Admission Date or (ii) Permanent Mortgage Commencement (with each month taken individually), during which the rental income (including government subsidies) of the Partnership actually received on a cash basis (excluding prepaid rent) for each of such four (4) months shall have exceeded all the Partnership's expenses for such month on an accrual basis (including, but not limited to, (a) all operational costs and expenses, (b) all items payable in connection with any Mortgage, and (c) the funding of any reserves required by FmHA and/or pursuant to the terms of this Agreement), except for depreciation, distribu- tions of Cash Flow and Capital Transaction proceeds to the Partners and the fees payable pursuant to this Agreement. For purposes of the foregoing, expenses shall (i) include monthly payments of principal and interest in the amount specified in the Mortgage regardless of any forbearance thereof, (ii) include a ratable portion of the annual amount (as estimated by the General Partners) of those seasonal expenses (such as utilities and maintenance expense) which might reasonably be expected to be incurred on an unequal basis during a full annual period of operation, and (iii) be adjusted, if necessary, so that the expenses of real estate taxes and insurance are based on the General Partners' estimate of the full value of the Apartment Complex after completion of construction.
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Breakeven Point means the first time at which, as certified by the General Partners to the Investment Limited Partner in writing, together with a statement fully disclosing the basis therefor and the manner of calculation thereof, there have been four (4) consecutive full calendar months of Partnership operation occurring after the later to occur of (i) the Admission Date or (ii) Permanent Mortgage Commencement, during which the rental income (including any government subsidies) of the Partnership actually received on a cash basis (excluding prepaid rent) for each of such four (4) months shall have exceeded all the Partnership's expenses for such month on an accrual basis (including, but not limited to, (a) all operational costs and expenses, (b) all items payable in connection with the Mortgages, and (c) the funding of any reserves required by the Lender or Agency and/or pursuant to the terms of this Agreement), except for depreciation, amortization and other non-cash charges, distributions of Cash Flow and Capital Transaction proceeds to the Partners and the fees payable pursuant to this Agreement. If free rent or other rental concessions shall have been granted to tenants, the calculation of income pursuant to the preceding sentence shall be adjusted so that the effect of such concessions is amortized equally over the term of all leases (excluding renewal periods) to which it applies. For purposes of the foregoing, expenses shall (i) include monthly payments of principal and interest in the amount specified in the Mortgages regardless of any forbearance thereof, (ii) include a ratable portion of the annual amount (as estimated by the General Partners) of those seasonal expenses (such as utilities and maintenance expense) which might reasonably be expected to be incurred on an unequal basis during a full annual period of operation, and (iii) be adjusted, if necessary, so that the expenses of real estate taxes and insurance are based on the General Partners' estimate of the full value of the Apartment Complex after completion of construction.
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Breakeven Point means the point at which all revenues for the Event are equal to all expenses for the Event (including the Loan as an Event expense) as determined by the Lender in its sole discretion.
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Examples of Breakeven Point in a sentence

  • After the Breakeven Point is reached, ev3 will invoice MTI for an amount equal to the difference between 10% of net end-customer sales (net of returns and write-offs of accounts receivable) on sales of the Products sold in the Direct Territory for the months prior to the Breakeven Point and the amount actually paid by MTI as 5% of Employee Expenses for such months.

  • After the Breakeven Point is reached, MTI will pay to ev3 the Employee Expenses, the Service Expenses and 10% of net end-customer sales (net of returns and write-offs of accounts receivable ) on sales of the Products sold in the Direct Territory.

  • Such funds will be retained by AGR until the aggregate Break-even Point with respect to such Batch is reached.

  • The Breakeven Point will be calculated by MTI and reviewed and agreed to by the parties annually.

  • Until such time as the Breakeven Point (as hereinafter -------- defined) is reached, MTI will pay to ev3 an amount equal to the Employee Expenses (as hereinafter defined) and the Service Expenses (as hereinafter defined), plus 5% of such Employee Expenses.

  • If a breach of any of the representations or warranties contained herein relating to a Purchased Receivable (each, an "Ineligible Receivable") shall be discovered at any time prior to the date the Break-even Point is reached with respect to the Batch of Receivables including such Purchased Receivable, the Seller shall cure such breach in accordance with this Section 6.

  • The Break-even Point for any such Repurchased Receivable shall be the allocable portion of the Advanced Amount for the Batch that included such Repurchased Receivable and of the Purchase Fee with respect thereto.


More Definitions of Breakeven Point

Breakeven Point means the amount, calculated on the date of the prospectus, to which the spot market price, value or level of the underlying interest must increase in the case of call Warrants, or decrease in the case of put Warrants, for the Warrants to have a Settlement Value equal to the Issue Price;
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Breakeven Point means thirty (30) days after the first time at which, as certified by the General Partners, based upon three (3) consecutive full calendar months of operation occurring after the later to occur of (i) the Admission Date or (ii) Permanent Mortgage Commencement, the rental income (including government subsidies) of the Partnership actually received on a cash basis (excluding prepaid rent) shall have exceeded all the Partnership's expenses on an accrual basis (including the funding of any reserves required pursuant to the terms of this Agreement), except for depreciation, distributions of Cash Flow and Capital Transaction proceeds to the Partners and the fees payable pursuant to this Agreement. For purposes of the foregoing, expenses shall (i) include monthly payments of principal and interest in the amount specified in the Mortgage regardless of any forbearance thereof, (ii) include a ratable portion of the annual amount (as estimated by the General Partners) of those seasonal expenses (such as utilities and maintenance expenses) which might reasonably be expected to be incurred on an unequal basis during a full annual period of operation, and (iii) be adjusted, if necessary, so that the expenses of real estate taxes and insurance are based on the General Partners' estimate of the full value of the Apartment Complex after completion of rehabilitation.
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Breakeven Point means the first time after the later to occur of (i) the Admission Date or (ii) Permanent Mortgage Commencement, that Breakeven shall have occurred for three consecutive months.
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Breakeven Point means thirty (30) days after the first time at which, as certified by the General Partners, based upon six (6) consecutive full calendar months of operation occurring after the later to occur of (i) the Admission Date or (ii) Permanent Mortgage Closing, with each month taken individually, the rental income (including government subsidies) of the Partnership actually received on a cash basis (excluding prepaid rent) shall have exceeded all the Partnership's expenses on an accrual basis (including the funding of any reserves required pursuant to the terms of this Agreement), except for depreciation, distributions of Cash Flow and Capital Transaction proceeds to the Partners and the fees payable pursuant to this Agreement. For purposes of the foregoing, expenses shall (i) include monthly payments of principal and interest in the amount specified in the Mortgage regardless of any forbearance thereof, (ii) include a ratable portion of the annual amount (as estimated by the General Partners) of those seasonal expenses (such as utilities and maintenance expenses) which might reasonably be expected to be incurred on an unequal basis during a full annual period of operation, and (iii) be adjusted, if necessary, so that the expenses of real estate taxes and insurance are based on the General Partners' estimate of the full value of the Apartment Complex after completion of construction.
Sample 1
Breakeven Point means the first time at which, as certified by the General Partner to the Investment Partnership in writing together with a statement fully disclosing the basis therefor and the manner of calculation thereof there have been three (3) consecutive full calendar months of Partnership operation occurring after the later to occur of (i) the Admission Date or (ii) Final Closing during which the rental income (including any government subsidies) of the Partnership actually received on a cash basis (excluding prepaid rent) for each of such three (3) months shall have exceeded all the Partnership's operating expenses for such month on an accrual basis (including, but not limited to, (a) all operational costs and expenses, (b) all items payable in connection with any mortgage, and (c) the funding of any reserves required by the Permanent Lender or Agency and/or pursuant to the terms of this Agreement), except for depreciation, amortization and other non-cash charges, distributions of Cash Flow and Capital Transaction proceeds to the Partners and the fees payable pursuant to this Agreement. If free rent or other rental concessions shall have been granted to tenants, the calculation of income pursuant to the preceding sentence shall be adjusted so that the effect of such concessions is amortized equally over the term of all leases (excluding renewal periods) to which it applies. For purposes of the foregoing, expenses shall (i) include monthly payments of principal and interest in the amount specified in any mortgage regardless of any forbearance thereof, (ii) include a ratable portion of the annual amount (as estimated by the General Partner) of those seasonal expenses (such as utilities and maintenance expense) which might reasonably be expected to be incurred on an unequal basis during a full annual period of operation, and (iii) be adjusted, if necessary, so that the expenses of real estate taxes and insurance are based on the General Partner's estimate of the full value of the Apartment Complex after completion of construction.
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Related to Breakeven Point

  • Measurement Point means the emission source for which continuous emission measurement systems (CEMS) are used for emission measurement, or the cross-section of a pipeline system for which the CO2 flow is determined using continuous measurement systems;

  • Flash point means the lowest temperature of a liquid at which its vapours form a flammable mixture with air;

  • Destination Point means the delivery point(s) on Carrier’s System where Product is delivered to Shipper, as such points are specified in Section III of this tariff.

  • Grade point average or "GPA" means the grade point average earned by an eligible student and reported by the high school or participating institution in which the student was enrolled based on a scale of 4.0 or its equivalent if the high school or participating institution that the student attends does not use the 4.0 grade scale;

  • INTER-CONNECTION POINT/ DELIVERY/ METERING POINT means a single point at 220kV or above, where the power from the Project(s) is injected into the identified ISTS Substation (including the dedicated transmission line connecting the Projects with the substation system) as specified in the RfS document. Metering shall be done at this interconnection point where the power is injected into. For interconnection with grid and metering, the WPDs shall abide by the relevant CERC/ SERC Regulations, Grid Code and Central Electricity Authority (Installation and Operation of Meters) Regulations, 2006 as amended and revised from time to time.

  • Diameter at breast height (dbh) means the diameter of a tree at 4 1/2 feet above the ground measured from the uphill side.

  • Connection Point means an exit point or an entry point or a bidirectional point identified or to be identified as such in an access contract.

  • Maximum residual disinfectant level or “MRDL” means a level of a disinfectant added for water treatment that may not be exceeded at the consumer’s tap without an unacceptable possibility of adverse health effects.

  • Interconnection Point means the point(s) of connection(s) at which the project is connected to the grid i.e. it shall be at 11 / 22 kV bus bar level of substation of MSEDCL.

  • Valuation Point means such time as shall be specified in the relevant Supplement for each Fund.

  • Total resource cost test or "TRC test" means a standard that is met if, for an investment in energy efficiency or demand-response measures, the benefit-cost ratio is greater than one. The benefit-cost ratio is the ratio of the net present value of the total benefits of the program to the net present value of the total costs as calculated over the lifetime of the measures. A total resource cost test compares the sum of avoided electric utility costs, representing the benefits that accrue to the system and the participant in the delivery of those efficiency measures, as well as other quantifiable societal benefits, including avoided natural gas utility costs, to the sum of all incremental costs of end-use measures that are implemented due to the program (including both utility and participant contributions), plus costs to administer, deliver, and evaluate each demand-side program, to quantify the net savings obtained by substituting the demand-side program for supply resources. In calculating avoided costs of power and energy that an electric utility would otherwise have had to acquire, reasonable estimates shall be included of financial costs likely to be imposed by future regulations and legislation on emissions of greenhouse gases.

  • Downtime means the Total Minutes in the Month during which the Cloud Service (or Servers for Server Provisioning) does not respond to a request from SAP’s Point of Demarcation for the data center providing the Cloud Service (or Server for Server Provisioning), excluding Excluded Downtime.

  • Suction outlet means the opening or fitting through which the water under negative pressure is drawn from the pool or spa.

  • Operating pressure means the pressure at which the parts of an irrigation system are designed by the manufacturer to operate.