Direct Operating Expenses definition
Direct Operating Expenses means, during any period, the direct costs incurred by NYGB in day-to-day operations, including all business development, transaction, and general and administrative expenses, expressed in dollars.
Direct Operating Expenses. All direct expenses and costs, calculated on an accrual basis in accordance with GAAP, incurred in connection with the ownership, use and/or operation of a Managed Container, including but not limited to: (i) agency costs and expenses; (ii) depot fees, handling, and storage costs and expenses; (iii) survey, maintenance and repair expenses (including the actual or estimated cost of repairs to be made pursuant to a damage protection plan); (iv) repositioning expense; (v) the cost of inspecting, marking and remarking such Managed Container; (vi) third-party fees for bankruptcy recovery; (vii) legal fees incurred in connection with enforcing rights under the leases of such Managed Container or repossessing such Managed Container; (viii) insurance expense; (ix) federal, state, local and foreign taxes, levies, duties, charges, assessments, fees, penalties, deductions or withholdings assessed, charged or imposed upon or against such Managed Container, including but not limited to ad valorem, gross receipts and/or other property taxes imposed against such Managed Container or against the revenues generated by such Managed Container (but not including income taxes imposed on the Manager or any of its Affiliates); (x) expenses, liabilities, claims and costs (including without limitation reasonable attorneys fees) incurred by the Issuer or the Manager (on behalf of the Issuer) by any third party arising directly or indirectly (whether wholly or in part) out of the state, condition, operation, use, storage, possession, repair, maintenance or transportation of such Managed Container; (xi) expenses and costs (including legal fees) of pursuing claims against manufacturers or sellers of such Managed Container; and (xii) non-recoverable sales and value-added taxes on such expenses and costs; provided, however, that in no event shall either of the following be considered a Direct Operating Expense: (a) any selling, general and administrative expenses of TAL International Group, the Issuer or any of their Subsidiaries, or (b) the Management Fee.
Direct Operating Expenses shall consist of all "operating costs" (as hereinafter defined) for the Building, and the Building's share of all operating costs for any parking area and common area serving the Building, and the Property (the Building, such parking area, common area and the Property being hereinafter referred to collectively as the "Project"). For purposes of this Lease, the term "operating costs" shall mean all reasonable expenses, costs and disbursements computed on the accrual basis, relating to or incurred or paid in connection with the operation, maintenance and repair of the Project, including, but not limited to the following:
Examples of Direct Operating Expenses in a sentence
Other Direct Operating Expenses: The new subcontractor may charge other direct operating expenses (such as material or equipment) as already identified in the Agreement budget.
The Manager will establish and maintain such procedures as are necessary for determining and for identifying Container Revenues and Direct Operating Expenses to a specific Managed Container.
Tenant's Proportionate Share of Direct Operating Expenses (as hereinafter defined) shall be prorated on a daily basis using a 365-day calendar year, as necessary for any year during which this Lease is in effect for less than the full twelve month calendar year.
Direct Operating Expenses shall be calculated on an accrual basis.
In addition, Landlord shall obtain and keep in force, during the term of this Lease, a policy of rental loss insurance covering a period of one year, commencing on the date of loss, with proceeds payable to Landlord, which insurance shall also cover all Real Property Taxes, Direct Operating Expenses, insurance premiums, and other sums payable by Tenant to Landlord hereunder for said period.
More Definitions of Direct Operating Expenses
Direct Operating Expenses has the meaning specified in Exhibit E.
Direct Operating Expenses means the direct operating expenses of the Business, and shall specifically refer to payroll, supplies, licenses, fees, lease rentals payments, utilities, and sales expenses, but shall not include non-direct operating expenses, including without limitation depreciation, amortization, accrued taxes, corporate allocations and overheads, inter-company transfers and inter-company interest. If the Closing fails to occur for any reason, other than a material breach of this Agreement by Buyer, Seller agrees to reimburse Buyer, within thirty (30) days after receipt by Seller of relevant copies of invoices, for fifty percent (50%) of Buyer's out-of-pocket costs, including without limitation, the fees and expenses of its counsel, accountants, and consultants, incurred in connection with the transactions contemplated by this Agreement, up to a maximum reimbursement amount of Fifty Thousand Dollars ($50,000). If there is any dispute between the parties as to the correct amount of either expense reimbursement described in this Article 5, the dispute resolution procedures specified in Section 2.5 above for determining the proper amount of the Adjustment to Base Purchase Price shall govern.
Direct Operating Expenses means the sum of the following costs and expenses paid or incurred by Landlord:
Direct Operating Expenses means those expenses incurred in connection with the Borrower’s operation of its business, including, without limitation, taxes, maintenance expenses, service expenses, insurance premiums, compensation for officers of the Borrower and members of its board of directors, rent, and utilities.
Direct Operating Expenses for any measurement period means all fixed or variable operating costs and expenses to the extent incurred by Manager in connection with the use and/or operation of the Managed Containers during such Collection Period but only to the extent not otherwise payable by the relevant user of such Managed Container and net of any rebate, discount or other reduction relating to the relevant cost or expense, including without limitation all of the following:
Direct Operating Expenses means, as to each Class and any relevant period, all reasonable and necessary cash expenses paid, and Reserves for such expenses established, by the Company or any Subsidiary that are directly attributable to the administration, collection, realization, maintenance and ownership of such Class Assets, including any payments made with respect to any legal fees, court costs, transfer taxes, income taxes, if any, imposed on the related Subsidiary itself as an entity and servicing fees attributable to such Class , but not expenses or Reserves for expenses that relate to the Company or its Subsidiaries in general rather than to any particular Subsidiary or Class Assets.
Direct Operating Expenses as used herein means all operating costs and expenses associated with the operation and maintenance of the Building, exterior landscaping for the Building and such additional facilities relating to operations of the Property as are now in use or in subsequent years may be determined by Landlord to be reasonably desirable. Direct Operating Expenses shall include, by way of illustration, but not limitation, the following: