Interim Income definition

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.
Sample 1Sample 2
Interim Income means the net income generated by the Seller from the Effective Date through the Closing Date.
Sample 1Sample 2
Interim Income has the meaning set forth in Section 2.2.
Sample 1

Examples of Interim Income in a sentence

  • Net accumulated losses-14,783.24 985,216.76Total Liabilities985,216.76(Source: interim financial statement of the Issuer as of 31 May 2021) Interim Income Statements as of 31 May 2021: Income Statement02/03.2021 to31/05/20212020(in EUR) 1.

  • In addition to HTC equity proceeds, other sources commonly required to be bridged are TIF, grants from cities, Interim Income (existing properties) energy rebates, and Sales Tax Rebates.

  • The 2020-21 Service Agreement (Interim) Income figure has not been recast.

  • Condensed Consolidated Interim Income Statements The accompanying notes form an integral part of these condensed consolidated interim financial statements.

  • The Group has revised the presentation of its Condensed Consolidated Interim Income Statement in accordance with IAS 1.

  • However, the fact that the functional currency of the Company’s subsidiaries differs, results in the generation of foreign exchange gains and losses that are included in the Consolidated Condensed Interim Income Statement under “Other financial income (expenses), net”.

  • Government grants have been recognised in the Consolidated Interim Income Statement, under the category Other income – government grants.

  • The 2018 Balance Sheet and the Unaudited 2019 Interim Balance Sheet fairly present in all material respects the financial condition of the Partnership as of the respective dates they were prepared and the 2018 Income Statement and the Unaudited 2019 Interim Income Statement fairly present in all material respects the results of the operations of the Partnership for the periods indicated therein.

  • In the event the accountants determine that (i) the Interim Income was less than the amount distributed or (ii) the Latest 12 Months EBITDA, having been estimated for purposes of the Closing to be at least $30,335,000, is less than $30,335,000, the distributions in excess of Interim Income and/or the additional $1,250,000 paid under Section 1.3(a), as applicable, shall be returned to the Company by a payment from the Shareholders.

  • In the event the aggregate amount of Special Payments exceeds the Interim Income, the Total Purchase Price shall be reduced by the amount of such excess.


More Definitions of Interim Income

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.
Sample 1
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.
Sample 1
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;
Sample 1

Related to Interim Income

  • Program Income means gross in- come earned by the recipient that is di- rectly generated by a supported activ- ity or earned as a result of the award (see exclusions in § 215.24(e) and (h)). Program income includes, but is not limited to, income from fees for serv- ices performed, the use or rental of real or personal property acquired under federally-funded projects, the sale of commodities or items fabricated under an award, license fees and royalties on patents and copyrights, and interest on loans made with award funds. Interest earned on advances of Federal funds is not program income. Except as other- wise provided in Federal awarding agency regulations or the terms and conditions of the award, program in- come does not include the receipt of principal on loans, rebates, credits, dis- counts, etc., or interest earned on any of them.

  • Gross income means the same as it does for income tax purposes, even if the income is not actually taxable, such as interest on tax-free bonds. Examples include: compensation for services, income from business, gains from property dealings, interest, rents, dividends, pensions, IRA distributions, social security, distributive share of partnership gross income, and alimony, but not child support.

  • Interest Income means interest earned on the Funding;

  • Moderate income housing means housing affordable,

  • Other Income means money received by a licensed manager from sources other than over the counter and machine sales.

  • Annual income means all amounts, monetary or not, which:

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Earnings from Operations for any period means net earnings excluding gains and losses on sales of investments, extraordinary items and property valuation losses, as reflected in the financial statements of the Company and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Income means the following:

  • Moderate-income household means a household with a total gross annual household income in excess of 50 percent but less than 80 percent of the median household income.