Effective Gross Income means the positive annualized amount of the Gross Potential Rent, net of the Concessions, subject to the Vacancy Rate, minus Bad Debt, plus the Acceptable Other Income.
Effective Gross Income means the sum of (a) total monthly base rent payable, as of the applicable date of determination and at the Net Effective Rental Rate, by tenants under Approved Leases multiplied by twelve (12), excluding security or other deposits, late fees, lease termination or other similar charges, delinquent rent recoveries, unless previously reflected in reserves, or any other items of a non-recurring nature; plus (b) monthly expense reimbursements payable by such tenants multiplied by twelve (12).
Effective Gross Income means the sum of items (a) and (b) in the definition of Net Operating Income.
Examples of Effective Gross Income in a sentence
Starting on the effective date of this Agreement and every month thereafter during the term of this Agreement and any renewals, ACHA shall be entitled to receive, as compensation for Services performed by ACHA pursuant to this Agreement, an amount equal to twelve percent (12%) of the Effective Gross Income for such operating month (the "Management Fee").
More Definitions of Effective Gross Income
Effective Gross Income means all collected rental income from all Properties, plus other reoccurring Property income.
Effective Gross Income means gross potential rent (including proceeds of rent loss insurance), due but unpaid rental subsidy and other income collected from the residential units at the Project, less a vacancy rate. For restricted units, the Servicer will underwrite gross potential rent at the lower of restricted (other than for units receiving project-based operating subsidy), actual or market rent levels. Unrestricted units will be underwritten at the lower of market or actual rent levels. Gross potential rent will be reduced by any current, existing or future tenant rent concessions. Other income shall be on a reoccurring or stabilized basis including income collected from garbage, parking, laundry, telephone, cable, or data provider fees, clubhouse revenues, pet and late fees, as determined by the Servicer in its discretion. Other income shall not include interest income, commercial income, tenant deposits and other non-residential related income.
Effective Gross Income. Not Available EXPENSES: Not Available
Effective Gross Income means (i) the actual gross rental income of the Property, supported by a rent roll in form and substance acceptable to Bondowner Representative in its reasonable discretion, plus (ii) other income from the Property, supported by evidence of such income acceptable to Bondowner Representative in its reasonable discretion, minus (iii) if the Property is leased beyond the underwritten stabilized occupancy, an amount representing a five percent (5.00%) vacancy factor.
Effective Gross Income means projected gross income, adjusted for vacancies and collection losses, but in no event in excess of Gross Revenues.
Effective Gross Income means the result obtained when a three percent (3%) vacancy factor is applied to the Gross Income for each applicable Tenant (other than Discount Drug Mart and national credit tenants) that has taken occupancy and commenced the ordinary conduct of business and the regularly scheduled payments of rent in the Development Property.
Effective Gross Income means the total of the gross rents paid under the Leases, together with any other revenues generated from any other contract, licence, easement or right of occupancy in relation to the Properties;