Interim Income definition

Interim Income means the net income generated by the Seller from the Effective Date through the Closing Date.

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Interim Income means and refer to the excess of rental income over cash operating expenses prior to the cost cut-off date for HUD cost certification purposes.

Interim Income has the meaning set forth in Section 2.2.

Examples of Interim Income in a sentence

The 2020-21 Service Agreement (Interim) Income figure has not been recast.
To the extent monies available from the FHA Loan for interest and financing fees together with Interim Income or other operating income of the Partnership are inadequate to pay ▇▇▇▇▇ Financing Fees, IBC shall make Working Capital Loans to the Partnership to pay such fees, as more particularly provided below.
The conclusions of the Audit Firm shall be binding upon the parties hereto with respect to (a) any claims that may be made hereunder with respect to the representations made by the Company and the Sellers regarding the Interim Balance Sheet and the Interim Income, Stockholders' Equity and Cash Flow Statements and (b) the calculation of the Net Worth as of September 30, 1998.
Within 60 days after the Closing Date, at the request of the Company or the Shareholders, Parent's independent accountants shall review the determination of Interim Income and/or the estimate of Latest 12 Months EBITDA.
Interests 4.5.1 Interim Audited Balance Sheet 6.22.1 Interim Balance Sheet 3.15.1 Interim Income and Stockholders' Equity Statements 3.15.1 Interim Audited Financial Statements 6.22.1 Last Price 2.2.2.1 Licensco 4.1A LLC Assignments 2.1 Material Contract 3.17 Merger Agreements 4.2 Multiemployer Plan 3.16.6 Multiple Employer Plan 3.
The Purchase Price payable for the Shares shall be Two Billion Two Hundred Fifty-Eight Million One Hundred Forty-One Thousand French Francs (FRF 2,258,141,000), plus or minus, as the case may be, the Interim Income as determined pursuant to Clause 2.2.4.
Any such objection shall be made in writing and shall state the Purchaser's determination of the Completion Financial Statements and the amount of the Interim Income.
Except as and to the extent set forth in Schedule 3.18.2: (i) since the date of the Seller Interim Income Statement, no material adverse change has occurred in Seller's relationship with any customers and suppliers of the Business (including without limitation E-Z-Em, Inc.
The Company also has furnished Buyer with a copy of the unaudited consolidated balance sheet of the Company as of January 31, 1999 (the "Interim Balance Sheet"), together with the unaudited statement of income of the Company and HVC for the one month period then ended (the "Interim Income Statement").
Thus, in the above example, Interim Income for the period from, and including, July 1, 1997 to February 28, 1998 would be divided by 243 (the number of days from, and including, July 1, 1997 to, and including, February 28, 1998), then multiplied by 33 (the number of days from, and including, March 1, 1998 to, and including, April 2, 1998), and then multiplied by 3.9139.

More Definitions of Interim Income

Interim Income means the amount of cash attributable to the income, proceeds and other receivables of the Company or attributable to the Assets that relate to the period on and after the Effective Time up to and including the Closing Date (the “Interim Period”) and that is actually received by or on behalf of the Company during the Interim Period. The term “Interim Expense” means the amount of cash attributable to the expenses and other disbursements that relate to the period on or after the Effective Time and that is actually paid by or on behalf of the Company (including the discharge of amounts owed by the Company to Seller) during the Interim Period. Seller will estimate the Interim Income and Interim Expense for the period up to and including the Closing Date and incorporate such estimates into the Preliminary Settlement Statement. Except as provided in Sections 2.5 and 2.6, the actual amounts (to the extent the same differ from the estimates included in the Preliminary Settlement Statement) will be accounted for in the Final Settlement Statement. Notwithstanding anything in this Agreement to the contrary, income, proceeds and other receivables and expenses and other disbursements relating to the Excluded Assets and Other Assets and Businesses are the property and responsibility of Seller.

Interim Income means all amounts actually collected as rents by the management agent for the Development from the Initial Closing Date up to and including the date of final completion of the Development, as determined by Authority.

Interim Income means the consolidated net income or loss (resultat net) of the Company and its Subsidiaries for the period from 1 January 2001 through the Completion Date (it being understood that for the period from 1 May 2001 to the Completion Date, the interim income shall be calculated as follows: 5/84 of the interim income for the period from 1 January 2001 to 30 April 2001) as determined in accordance with French generally accepted accounting principles applied on a consistent basis with past practice, plus interest from the Completion Date through the date of payment to the Vendor or the Purchaser, as the case may be, pursuant to Clause 2.2.2(ii), computed based on the three (3) month EURIBOR rate;