{"component": "definition", "props": {"groups": [{"snippet": "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.", "samples": [{"hash": "aBNVNYxuqSk", "uri": "/contracts/aBNVNYxuqSk#effective-gross-income", "label": "Rider to Continuing Covenant Agreement", "score": 34.4182167053, "published": true}, {"hash": "kKXOhnheAJW", "uri": "/contracts/kKXOhnheAJW#effective-gross-income", "label": "Continuing Covenant Agreement", "score": 34.0838470459, "published": true}, {"hash": "3S4HpRcfLpS", "uri": "/contracts/3S4HpRcfLpS#effective-gross-income", "label": "Rental Achievement Agreement", "score": 31.6456222534, "published": true}], "size": 33, "snippet_links": [{"key": "gross-potential-rent", "type": "definition", "offset": [44, 64]}, {"key": "subject-to-the", "type": "definition", "offset": [90, 104]}, {"key": "vacancy-rate", "type": "definition", "offset": [105, 117]}, {"key": "bad-debt", "type": "clause", "offset": [125, 133]}, {"key": "acceptable-other-income", "type": "definition", "offset": [144, 167]}], "hash": "4e0f590b09e511fc493d78a1d97a862f", "id": 1}, {"snippet": "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).", "samples": [{"hash": "hyWD86fqcGt", "uri": "/contracts/hyWD86fqcGt#effective-gross-income", "label": "Loan Agreement (KBS Strategic Opportunity REIT, Inc.)", "score": 25.188911438, "published": true}, {"hash": "8CKifJziWG7", "uri": "/contracts/8CKifJziWG7#effective-gross-income", "label": "Loan Agreement (KBS Strategic Opportunity REIT, Inc.)", "score": 25.188911438, "published": true}, {"hash": "4N1vEDfU3EZ", "uri": "/contracts/4N1vEDfU3EZ#effective-gross-income", "label": "Loan Agreement (KBS Real Estate Investment Trust III, Inc.)", "score": 25.024641037, "published": true}], "size": 6, "snippet_links": [{"key": "sum-of", "type": "clause", "offset": [10, 16]}, {"key": "rent-payable", "type": "definition", "offset": [40, 52]}, {"key": "applicable-date-of-determination", "type": "definition", "offset": [64, 96]}, {"key": "net-effective-rental-rate", "type": "definition", "offset": [108, 133]}, {"key": "approved-leases", "type": "clause", "offset": [152, 167]}, {"key": "other-deposits", "type": "definition", "offset": [217, 231]}, {"key": "late-fees", "type": "definition", "offset": [233, 242]}, {"key": "lease-termination", "type": "definition", "offset": [244, 261]}, {"key": "delinquent-rent", "type": "clause", "offset": [288, 303]}, {"key": "other-items", "type": "definition", "offset": [364, 375]}, {"key": "a-non", "type": "clause", "offset": [379, 384]}, {"key": "expense-reimbursements", "type": "clause", "offset": [420, 442]}], "hash": "95c632cbe8b3dc551677cc9874f4c7bd", "id": 2}, {"snippet": "means the sum of items (a) and (b) in the definition of Net Operating Income.", "samples": [{"hash": "hyC059BmTXC", "uri": "/contracts/hyC059BmTXC#effective-gross-income", "label": "Loan Agreement (KBS Real Estate Investment Trust II, Inc.)", "score": 21.0, "published": true}, {"hash": "ezaXi8s7qN5", "uri": "/contracts/ezaXi8s7qN5#effective-gross-income", "label": "Loan Agreement (KBS Real Estate Investment Trust II, Inc.)", "score": 21.0, "published": true}, {"hash": "6Yn10pJHMGo", "uri": "/contracts/6Yn10pJHMGo#effective-gross-income", "label": "Loan Agreement (KBS Real Estate Investment Trust, Inc.)", "score": 21.0, "published": true}], "size": 4, "snippet_links": [{"key": "sum-of", "type": "clause", "offset": [10, 16]}, {"key": "the-definition-of", "type": "definition", "offset": [38, 55]}, {"key": "net-operating-income", "type": "definition", "offset": [56, 76]}], "hash": "fc1bd910431ac71dc746db6ccbd7b369", "id": 3}, {"snippet": "means all collected rental income from all Properties, plus other reoccurring Property income.", "samples": [{"hash": "lTqHwdXqae7", "uri": "/contracts/lTqHwdXqae7#effective-gross-income", "label": "Credit Agreement (Colonial Properties Trust)", "score": 18.0, "published": true}, {"hash": "iKKfgzPdfZ1", "uri": "/contracts/iKKfgzPdfZ1#effective-gross-income", "label": "Facility and Guaranty Agreement (Colonial Properties Trust)", "score": 18.0, "published": true}, {"hash": "605cbAlGHQA", "uri": "/contracts/605cbAlGHQA#effective-gross-income", "label": "Credit Agreement (Colonial Realty Limited Partnership)", "score": 18.0, "published": true}], "size": 4, "snippet_links": [{"key": "rental-income", "type": "clause", "offset": [20, 33]}, {"key": "all-properties", "type": "clause", "offset": [39, 53]}, {"key": "property-income", "type": "definition", "offset": [78, 93]}], "hash": "f3a023b74aa8da57fb01afc1643fa5ba", "id": 4}, {"snippet": "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.", "samples": [{"hash": "1ziDSbMtiIQ", "uri": "/contracts/1ziDSbMtiIQ#effective-gross-income", "label": "Trust Indenture", "score": 33.6680183411, "published": true}, {"hash": "8jcXMfRKdig", "uri": "https://file.lacounty.gov/SDSInter/bos/supdocs/180467.pdf", "label": "file.lacounty.gov", "score": 11.6680355072, "published": false}, {"hash": "f1jiFZfKx0V", "uri": "https://file.lacounty.gov/SDSInter/bos/supdocs/180465.pdf", "label": "file.lacounty.gov", "score": 11.6680355072, "published": false}], "size": 3, "snippet_links": [{"key": "gross-potential-rent", "type": "definition", "offset": [6, 26]}, {"key": "rent-loss-insurance", "type": "definition", "offset": [50, 69]}, {"key": "rental-subsidy", "type": "definition", "offset": [87, 101]}, {"key": "other-income", "type": "definition", "offset": [106, 118]}, {"key": "residential-units", "type": "clause", "offset": 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"related-income", "type": "definition", "offset": [927, 941]}], "hash": "f31fe507f9b9a8f74d210ab43f8ded32", "id": 5}, {"snippet": "means, for all Facilities, the Effective Gross Income as reflected on the operating statement, prepared and provided monthly by the Sellers.", "samples": [{"hash": "8duMzFYySQ7", "uri": "/contracts/8duMzFYySQ7#effective-gross-income", "label": "Purchase Agreement", "score": 29.3408622742, "published": true}, {"hash": "hNyrb3K8eBT", "uri": "/contracts/hNyrb3K8eBT#effective-gross-income", "label": "Purchase Agreement (Newcastle Investment Corp)", "score": 23.5571517944, "published": true}], "size": 2, "snippet_links": [{"key": "all-facilities", "type": "clause", "offset": [11, 25]}, {"key": "operating-statement", "type": "clause", "offset": [74, 93]}, {"key": "by-the-sellers", "type": "clause", "offset": [125, 139]}], "hash": "9b483fe5b4759b1c79a278a5ffca4dc4", "id": 6}, {"snippet": "\u2019 or \u2018\u2018EGI\u2019\u2019 means, with respect to any Mortgaged 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"Not Available EXPENSES: Not Available", "samples": [{"hash": "fnxaYqVNgS9", "uri": "/contracts/fnxaYqVNgS9#effective-gross-income", "label": "Offer to Purchase Interests (Quarles & Brady)", "score": 18.0, "published": true}, {"hash": "8QSnXOssC9F", "uri": "/contracts/8QSnXOssC9F#effective-gross-income", "label": "Offer to Purchase Interests (Quarles & Brady)", "score": 18.0, "published": true}], "size": 2, "snippet_links": [{"key": "not-available", "type": "clause", "offset": [0, 13]}], "hash": "514a336b79335de2b9f7e64659494821", "id": 9}, {"snippet": "shall have the same meaning as \u201cRevenue\u201d in the Loan Note (Attachment 8B of the DDA).", "samples": [{"hash": "j1KZiyHEuVU", "uri": "/contracts/j1KZiyHEuVU#effective-gross-income", "label": "Disposition and Development Agreement", "score": 31.183008194, "published": true}, {"hash": "3342aA6kntK", "uri": "/contracts/3342aA6kntK#effective-gross-income", "label": "Disposition and Development Agreement", "score": 21.7611217499, 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payable in arrears on the first day of each month.", "For purposes of this Section 5.25(e), the calculation of DCR will be based on a 30-year amortization schedule and will use a net operating income equal to the positive, annualized amount by which <strong>Effective Gross Income</strong> exceeds Expenses, as determined by Lender in its sole discretion.", "<strong>Effective Gross Income</strong> shall not include : (i) the value of rental concessions, (ii) any rent accruing during such operating month but not actually paid by a tenant during such operating month or not actually collected by Manager or otherwise on behalf of Owner during such operating, month; (iii) rent in the nature of any reimbursements for damage to the Property; (iv) any rental income taxes; or (v) any security, utility or other deposits.", "Notwithstanding the foregoing, no Rent shall be deposited into the Supplemental Reserve Account unless and until Tenant deposits the Developer\u2019s Share of Residual Receipts attributable to the <strong>Effective Gross Income</strong> generated from the Retail Revenues to capitalize the Supplemental Reserve Account.", "<strong>Effective Gross Income</strong> shall also include corporate apartment income and application fees, net of related expenses for these items.", "After the expiration of the Covenant Period, and in the event that the Covenant Period is not extended, in writing, by the mutual agreement of the Landlord and Tenant during the Term or Extended Term, the Rent shall be TEN PERCENT (10%) of the <strong>Effective Gross Income</strong> from all of the residential dwelling units and parking spaces within the Leased Premises, per year.", "As used herein, the term &quot;<strong>Effective Gross Income</strong>&quot; shall mean for any operating month, the aggregate amount of all rent actually paid under all of the leases for the Units or any part of the Property for such operating month.", "Commencing on the 56th anniversary of the Commencement Date, the Rent is payable only from the <strong>Effective Gross Income</strong> from the Improvements.", "The additional consideration shall be an amount equal to (A) the <strong>Effective Gross Income</strong> attributable to the particular Approved Lease, (B) divided by 0.10, and (C) multiplied by 0.70.", "After the expiration of the Covenant Period the Rent shall be TEN PERCENT (10%) of the <strong>Effective Gross Income</strong> from all of the residential dwelling units and parking spaces within the Leased Premises, per year."], "related": [["gross-income", "Gross income", "Gross income"], ["gross-income-from-operations", "Gross Income from Operations", "Gross Income from Operations"], ["adjusted-gross-income", "Adjusted gross income", "Adjusted gross income"], ["nonbusiness-income", "Nonbusiness income", "Nonbusiness income"], ["business-income", "Business income", "Business income"]], "related_snippets": [], "updated": "2025-07-15T00:51:33+00:00"}, "json": true, "cursor": ""}}