Consolidated Operating Expenses definition

Consolidated Operating Expenses means, for any period, total expenses related to salaries, employee benefits and general and administrative expenses of the Company and its Subsidiaries determined on a consolidated basis in accordance with GAAP and as calculated consistent with the manner disclosed by the Company in its Annual Report on Form 10-K for the fiscal year ended December 31, 2016.
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Consolidated Operating Expenses means, for any period, total expenses related to salaries, employee benefits and general and administrative expenses of the Company and its Restricted Subsidiaries determined on a consolidated basis in accordance with GAAP and as calculated consistent with the manner disclosed by the Company in its Annual Report on Form 10-K for the fiscal year ended December 26, 2009.
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Consolidated Operating Expenses means, with reference to any period, expenses related to salaries, employee benefits and general and administrative expenses, all calculated for the Borrower and its Subsidiaries on a consolidated basis for such period and otherwise in accordance with GAAP.
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Examples of Consolidated Operating Expenses in a sentence

  • Consolidated Operating Expenses Operating expenses in 2014 were Ch$485,373 million YTD compared to Ch$346,911 million in 2013, equivalent to an annual increase of 39.9%.

  • Consolidated Operating Expenses (OPEX) increased by 36% YoY to PHP4.39 billion from PHP3.22 billion.

  • Non‐TCA 21,029,739 22,435,462 6.7%Table 4 – Revenue growth Consolidated Operating Expenses Total consolidated operating expenses in 2016 are expected to decrease by about ‐0.5% over 2015 (including non‐TCA expenditures).

  • For example, in the province of Ontario, 40% of the children in foster care are Indigenous, while only 4% of the foster parents share this racial and cultural background.

  • The Millennium Explorer is more than twice the size of the previous record of 45,000 dwt for a methanol carrier and its tanks are equipped with nitrogen generators for extra safety, another first for a methanol carrier.

  • Consolidated Operating Expenses Quarter Change (%) (Expressed in million of Chilean peso)3Q152Q153Q143Q15/3Q143Q15/2Q15Personnel salaries and expenses51,05450,89556,466-9.6%0.3%Administrative expenses52,00051,19758,528-11.2%1.6%Depreciation and amortization10,57410,85314,089-24.9%-2.6%Impairment18423--700.0%Operating expenses113,812112,968129,083-11.8%0.7% Operating expenses increased 0.7% QoQ but decreased by 11.8% YoY.

  • Summary: Les White gave a brief summary of the FY10 Final Budget including major Operating Revenue assumptions, projected Departmental and Consolidated Operating Expenses, the Capital Budget, and Schedule of Reserve Accounts.

  • Consolidated Operating Expenses The following table summarizes our comparative operating expenses for the following periods: In thousandsYear Ended June 30, 2021 2020 (1) General and administrative expense for the year ended June 30, 2021 includes lease impairment and abandonment charges for two leased locations totaling $19.9 million.

  • Consolidated Operating Expenses Operating expenses for 1Q 2015 increased by 1.1%, or Ch$1,182 million, YoY, due to an increase in advisory services related to pending merger between Itaú and CorpBanca in Chile, higher salaries and benefits due to the collective bargainning negotiation that occurred in 2014, and costs related to our sponsorship of the Chilean national soccer team since 2015.

  • Consolidated Operating Expenses (Expressed in million of Chilean peso) Quarter 3Q15 2Q15 3Q14 Change (%) 3Q15/3Q14 3Q15/2Q15Personnel salaries and expenses51,05450,89556,466-9.6%0.3%Administrative expenses52,00051,19758,528-11.2%1.6%Depreciation and amortization10,57410,85314,089-24.9%-2.6%Impairment18423--700.0%Operating expenses113,812112,968129,083-11.8%0.7% Operating expenses increased 0.7% QoQ but decreased by 11.8% YoY.


More Definitions of Consolidated Operating Expenses

Consolidated Operating Expenses means, except as provided below, all unrestricted expenses of Tenant attributable to operation of the Obligated Group Financed Schools, including subordinated Property Management Fees, subordinated Educational Management Fees, maintenance, repair expenses, utility expenses, equipment lease and other rental expense (excluding Base Rent and the Additional Monthly Payment, if any, but including the Monthly Expense Payment and Additional Rent), administrative and legal expenses, miscellaneous operating expenses, advertising and promotion costs, payroll expenses (including taxes), the cost of material and supplies used for current operations of the Obligated Group Financed Schools, the cost of vehicles, equipment leases and service contracts, taxes upon the operations of the Obligated Group Financed Schools not otherwise mentioned herein, charges for the accumulation of appropriate reserves for current expenses not annually recurrent, but which are such as may reasonably be expected to be incurred in accordance with generally accepted accounting principles, all in such amounts as reasonably determined by the Landlord for each of the Obligated Group Financed Schools. “Consolidated Operating Expenses” excludes, however, (i) depreciation and amortization, (ii) scheduled payment requirements on any Long Term School Indebtedness of the Obligated Group Financed Schools, and (iii) any expenses which are treated as extraordinary in accordance with generally accepted accounting principles. Tenant will provide a certificate to the Landlords of the Obligated Group Financed Schools and Master Trustee at the time of delivery of its annual audited financial statements for each Fiscal Year indicating whether either (a) the Tenant on behalf of the Obligated Group Financed Schools maintained unrestricted available funds on hand as of June 30 of such Fiscal Year in an amount equal to the Average Daily Expenses for Obligated Group Financed Schools (as calculated for the most recent Fiscal Year ending before such date), times 60 days, or (b) the Consolidated Lease Payments Coverage Ratio for such Fiscal Year was equal to or greater than
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Consolidated Operating Expenses excludes, however, (i) depreciation and amortization, (ii) scheduled payment requirements on any Long Term School Indebtedness of the Obligated Group Financed Schools, and (iii) any expenses which are treated as extraordinary in accordance with generally accepted accounting principles. Tenant will provide a certificate to the Landlords of the Obligated Group Financed Schools and Master Trustee at the time of delivery of its annual audited financial statements for each Fiscal Year indicating whether either (a) the Tenant on behalf of the Obligated Group Financed Schools maintained unrestricted available funds on hand as of June 30 of such Fiscal Year in an amount equal to the Average Daily Expenses for Obligated Group Financed Schools (as calculated for the most recent Fiscal Year ending before such date), times 60 days, or (b) the Consolidated Lease Payments Coverage Ratio for such Fiscal Year was equal to or greater than
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Consolidated Operating Expenses means the combined totals of the LLCs' expenses including management fees payable pursuant to the Management Agreement identified on Exhibit 4.16 but excluding interest expense, depreciation and amortization, income taxes and non-operating and extraordinary expenses. For purposes of this Section 8.4, all items of revenue and expense will be determined and classified in accordance with generally accepted accounting principles consistently applied.
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Consolidated Operating Expenses for any period, total expenses related to salaries, employee benefits and general and administrative expenses of the Borrower and its Subsidiaries determined on a consolidated basis in accordance with GAAP and as calculated consistent with the manner disclosed by the Borrower in its Annual Report on Form 10-K for the fiscal year ended December 29, 2001.
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Related to Consolidated Operating Expenses

  • Approved Operating Expenses means Operating Expenses incurred by Borrower or by any Manager on Borrower’s behalf (excluding any Restricted Payments) which (i) are included in the Approved Annual Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Properties, (iii) are for Management Fees, or (iv) have been approved in writing by Lender as Approved Operating Expenses; provided, however, that Approved Operating Expenses shall also include, for any calendar month in which Operating Expenses exceed the Monthly Operating Expense Budgeted Amount, the amount of such excess Operating Expenses up to and not to exceed ten percent (10%) of the Monthly Operating Expense Budgeted Amount for such calendar month as to which Borrower provides to Lender a reasonably detailed explanation of the reasons for and expenditures resulting in Operating Expenses exceeding the Monthly Operating Expense Amount.

  • Consolidated Operating Income means, for any period, the operating income or loss of the Borrower and the Subsidiaries for such period determined on a consolidated basis in accordance with GAAP.

  • Consolidated Operating Cash Flow means, with respect to the Company and its Subsidiaries on a consolidated basis, for any period, an amount equal to Consolidated Net Income for such period increased (without duplication) by the sum of:

  • Consolidated Rent Expense means, for any period, the total rent expense with respect to real and personal property of the Borrower for such period, as determined on a Consolidated basis and as reported in its financial statements.

  • Controllable Operating Expenses means all Operating Expenses except real property taxes, all forms of insurance, utility expenses, costs of services provided under a union contract, payments under CC&R’s or to an owners’ association and costs associated with repairs due to casualty, vandalism or other source outside of Landlord’s reasonable control.

  • Consolidated Maintenance Capital Expenditures means, for any period, the aggregate amount of expenditures for additions to property, plant, and equipment that are not Consolidated Expansion Capital Expenditures.

  • Consolidated Rental Expense means, for any period, the total rental expense for operating leases of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis for such period; provided that Consolidated Rental Expense shall not be reduced by any rental income.

  • Consolidated Depreciation Expense means, for any period, the depreciation expense of Holdings and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Net Interest Expense means, for any period with respect to the Company and its Subsidiaries, interest expense minus capitalized interest and interest income for such period, in each case determined on a Consolidated basis in accordance with GAAP.

  • Consolidated Revenues means, with reference to any period, total revenues of the Company and its Subsidiaries calculated in accordance with GAAP on a consolidated basis as of such date.

  • Consolidated Lease Expense for any period, the aggregate amount of fixed and contingent rentals payable by the Borrower and its Subsidiaries for such period with respect to leases of real and personal property, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Capital Expenditures means, for any period, the aggregate of all expenditures of Company and its Subsidiaries during such period determined on a consolidated basis that, in accordance with GAAP, are or should be included in “purchase of property and equipment” or similar items reflected in the consolidated statement of cash flows of Company and its Subsidiaries.

  • Total Operating Expenses means all costs and expenses paid or incurred by the Company, as determined under generally accepted accounting principles, that are in any way related to the operation of the Company or to Company business, including advisory fees, but excluding (i) the expenses of raising capital such as Organization and Offering Expenses, legal, audit, accounting, underwriting, brokerage, listing, registration, and other fees, printing and other such expenses and tax incurred in connection with the issuance, distribution, transfer, registration and Listing of the Shares, (ii) interest payments, (iii) taxes, (iv) non-cash expenditures such as depreciation, amortization and bad debt reserves, (v) incentive fees paid in compliance with the NASAA REIT Guidelines, (vi) Acquisition Fees and Acquisition Expenses, (vii) real estate commissions on the Sale of Properties, (viii) Financing Coordination Fees and (ix) other fees and expenses connected with the acquisition, disposition, management and ownership of real estate interests, mortgage loans or other property (including the costs of foreclosure, insurance premiums, legal services, maintenance, repair and improvement of property).

  • Consolidated Revenue means for any period the total revenues of the Company and its Subsidiaries, determined in accordance with GAAP.

  • Consolidated Non-cash Charges means, with respect to any Person for any period, the aggregate depreciation, amortization (including amortization of goodwill and other intangibles) and other non-cash expenses of such Person and its Restricted Subsidiaries reducing Consolidated Net Income of such Person and its Restricted Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP (excluding any such charges constituting an extraordinary item or loss).

  • Gross Operating Expenses shall include (i) all costs and expenses of operating the Hotel included within the meaning of the term “Total Costs and Expenses” contained in the Uniform System and, (ii) without duplication, the following: all salaries and employee expense and payroll taxes (including salaries, wages, bonuses and other compensation of all employees of the Hotel, and benefits including life, medical and disability insurance and retirement benefits), expenditures described in Section 9.1, operational supplies, utilities, insurance to be provided by Lessee under the terms of this Lease, governmental fees and assessments, common area maintenance costs and other common area fees and assessments, food, beverages, laundry service expense, the cost of Inventories, license fees, advertising, marketing, reservation systems and any and all other operating expenses as are reasonably necessary for the proper and efficient operation of the Hotel and the Leased Property incurred by Lessee in accordance with the provisions hereof (excluding, however, (i) federal, state and municipal excise, sales and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes paid over to federal, state or municipal governments, (ii) the cost of insurance to be provided under Article 13, (iii) expenditures by Lessor pursuant to Article 13 and (iv) payments on any Mortgage or other mortgage or security instrument on the Hotel); all determined in accordance with generally accepted accounting principles. No part of Lessee’s central office overhead or general or administrative expense (as opposed to that of the Hotel), and no operating expenses paid or payable by tenants under Space Leases, shall be deemed to be a part of Gross Operating Expenses, as herein provided. Reasonable out-of-pocket expenses of Lessee incurred for the account of or in connection with the Hotel operations, including but not limited to postage, telephone charges and reasonable travel expenses of employees, officers and other representatives and consultants of Lessee and its Affiliates, shall be deemed to be a part of Gross Operating Expenses and such Persons shall be afforded reasonable accommodations, food, beverages, laundry, valet and other such services by and at the Hotel without charge to such Persons or Lessee.

  • Adjusted Operating Cash Flow means the net cash provided by operating activities of the Company as reported in the Company’s consolidated statements of cash flows included in its Annual Report on Form 10-K, adjusted to eliminate the effect on operating cash flows of net customer financing cash flows, as reported in the Company’s consolidated statements of cash flows included in its Annual Report on Form 10-K.

  • Adjusted Operating Income for each year in the Performance Period is defined as the Company’s net income from continuing operations as reported in the Company’s financial statements (including accompanying footnotes and management’s discussion and analysis), adjusted as set forth in the immediately following sentence. In calculating Adjusted Operating Income, net income from continuing operations shall be adjusted as follows: first (A) remove the after-tax effects of the following items: (i) losses (net of reinsurance) from catastrophes (as designated by the Insurance Service Office’s Property Claims Service Group, the Lloyd’s Claim Office, Swiss Reinsurance Company’s sigma report, or a comparable report or organization generally recognized by the insurance industry, and reported by the Company as a catastrophe); asbestos and environmental reserve charges (or releases); net realized investment gains or losses in the fixed maturities and real estate portfolios; and (ii) extraordinary items, the cumulative effect of accounting changes and federal income tax rate changes, and restructuring charges, each as defined by generally accepted accounting principles in the United States, and each as reported in the Company’s financial statements (including accompanying footnotes and management’s discussion and analysis); (B) reduced, as to the first year in the Performance Period (20XX), by $XXXXXX, as to the second year in the Performance Period (20XX), by $XXXXXX times the ratio of: the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium divided by the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium, and as to the third year in the Performance Period (20XX), by $XXXXXX times the ratio of: the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium divided by the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium; and (C) reduced by an amount intended, as of the date of this award, to approximate historical levels of credit losses (on an after-tax basis) associated with the Company’s fixed income investments, determined by (i) multiplying a fixed factor, expressed as 2.25 basis points, by the amortized cost of the Company’s fixed maturity investment portfolio at the beginning of each quarter during the relevant year in the Performance Period and (ii) adding the after-tax sum of the amounts resulting from (i) for such year in the Performance Period.

  • Consolidated Cash Taxes means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the aggregate of all taxes, as determined in accordance with GAAP, to the extent the same are paid in cash during such period.

  • Annualized Operating Cash Flow means, for any fiscal quarter, the Operating Cash Flow for such fiscal quarter multiplied by four.

  • Interest Expense Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Base Operating Expenses means the Operating Expenses for the Base Year.

  • management expense ratio means the total fees and expenses a fund paid during a year divided by its average assets for that year.