Management Expense definition

Management Expense means with respect to any Property, 3% of revenues derived from the operation of such Property.
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Management Expense means, with respect to any Eligible Property for any period, an amount equal to three percent (3%) of the Gross Golf Revenues during such period with respect to each such Eligible Property.
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Examples of Management Expense in a sentence

  • The Management Expense Ratio (MER) includes the management fee and operating expenses of the fund.

  • Subject to the Aggregate Policy Level Retention and the Aggregate First Party Coverages Retention, the applicable Crisis Management Expense Retention, Fraud Response Expense Retention, Public Relations Expense, Retention Forensic and Legal Expense Retention and Extortion Loss Retention set forth on the Declarations, if any, is the most the Insured will be required to pay under the policy for such covered expense or Extortion Loss, regardless of the number of Enterprise Security Events or Extortion Threats.

  • Subject to the Aggregate Policy Level Retention, the Aggregate First Party Coverages Retention set forth on the Declarations, if any, is the most the Insured will be required to pay under the policy as Crisis Management Expense, Fraud Response Expense, Public Relations Expense, Forensic and Legal Expense or Extortion Loss, regardless of the number of Enterprise Security Events or Extortion Threats.

  • The Aggregate Policy Level Retention set forth on the Declarations, if any, is the most the Insured will be required to pay under the policy as Damages, Regulatory Loss, Claim Expenses, Crisis Management Expense, Fraud Response Expense, Public Relations Expense, Forensic and Legal Expense or Extortion Loss, regardless of the number of Claims, Enterprise Security Events or Extortion Threats.

  • Subject to the Policy Limit of Insurance and to the Aggregate First Party Coverages Limit of Insurance, the applicable Crisis Management Expense, Fraud Response Expense, Public Relations Expense, Forensic and Legal Expense and Extortion Loss Limit of Insurance set forth on the Declarations is the most the Insurer will pay for each such covered expense or Extortion Loss.

  • To achieve this, the Board of Directors monitor the monthly NTA results, investment performance, the Company's Indirect Cost Ratio (formerly known as 'Management Expense Ratio') and share price movements.

  • The Management Expense Ratio (“MER”) is the total expenses of the Group for the financial year, as shown in the income statement, expressed as a percentage of the average total assets of the Group for the financial year.

  • As a general rule, business entertainment must be within the limits of the Asset & Wealth Management Expense Policy and applicable local expense policies, and will not be considered a gift to the Client / third-party provider if the employee is present for the business entertainment.

  • Charitable contributions made on behalf of JPMC must adhere to the Firmwide Code of Conduct and the Asset & Wealth Management Expense Policy.

  • Note: Management Expense Ratio (“MER”) is calculated by taking the total fees and recovered expenses incurred by the Fund divided by the average fund size.

Related to Management Expense

  • Management Expenses means expenses, costs and charges necessarily and reasonably incurred in the management of the Development provided in this Deed which, except for the purpose of Clause 4.3 of Section IV of this Deed, shall include the Manager’s Remuneration;

  • management expense ratio means the total fees and expenses a fund paid during a year divided by its average assets for that year.

  • Medical Expense means an expense incurred at the time a past member or his or her health reimbursement account dependent is furnished the medical care or service. To be considered a medical expense under this act, the expense shall meet all of the following conditions:

  • Extra Expense means expense or cost incurred (1) to continue the conduct of the Assured’s business,

  • Independent expenditure means an expenditure by a person:

  • Covered Expense means expense incurred only for the following:

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.

  • Rent Expense means, for any Person for any period of determination, such Person’s operating lease expense computed in accordance with GAAP, including, without limitation, all contingent rentals, but excluding all common area maintenance expenses.

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Loss Adjustment Expense means costs and expenses incurred by the Company in connection with the investigation, appraisal, adjustment, settlement, litigation, defense or appeal of a specific claim or loss, or alleged loss, including but not limited to:

  • Consolidated Rent Expense means, for any period, the rental expense attributable to leases of real property that is deducted in determining Adjusted Consolidated Net Income for such period, determined on a consolidated basis in accordance with GAAP. Consolidated Rent Expense shall be determined on a pro forma basis to give effect to any Material Specified Transaction occurring during such period as if such transactions had occurred on the first day of such period.

  • Approved Operating Expenses means Operating Expenses incurred by Borrower which (i) are included in the Approved Annual Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Property, (iii) if applicable, are for property management fees payable to Manager under the Management Agreement, such amounts not to exceed three percent (3.0)% of the monthly Gross Revenue, (iv) or (v) have otherwise been approved by Lender.

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.

  • Medical Expenses means those expenses that an Insured Person has necessarily and actually incurred for medical treatment on account of Illness or Accident on the advice of a Medical Practitioner, as long as these are no more than would have been payable if the Insured Person had not been insured and no more than other hospitals or doctors in the same locality would have charged for the same medical treatment.

  • Public expense means that the LEA either pays for the full cost of the evaluation or ensures that the evaluation is otherwise provided at no cost to you, consistent with the provisions of Part B of the IDEA, which allow each State to use whatever State, local, Federal and private sources of support are available in the State to meet the requirements of Part B of the Act.

  • Rental Expense means, with respect to any period, the aggregate amount of rental payments made by the Company and its Subsidiaries (determined on a consolidated basis) for such period with respect to operating leases.

  • Emergency Expenditures means any of the eligible expenditures set forth in the CERC Manual referred to in Section I.F of Schedule 2 to this Agreement and required for the Contingent Emergency Response Part.

  • Consolidated Maintenance Capital Expenditures means, for any period, the aggregate amount of expenditures for additions to property, plant, and equipment that are not Consolidated Expansion Capital Expenditures.

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Current Expenses means operating costs other than personal services and shall not

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

  • Uncovered expenditures means the costs to the health maintenance organization for health care services that are the obligation of the health maintenance organization, for which an enrollee may also be liable in the event of the health maintenance organization's insolvency and for which no alternative arrangements have been made that are acceptable to the commissioner.

  • O&M Expenses means expenses incurred by or on behalf of the Developer or by the Authority, as the case may be, for all O&M including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) insurance premium, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under the O&M Contract, or any other contract in connection with or incidental to O&M, and (g) all other expenditure required to be incurred under Applicable Laws, Applicable Permits or this Agreement.

  • Lease Expense means, with respect to any Person, for any period for such Person and its subsidiaries on a Consolidated basis, lease and rental expense accrued during such period under all leases and rental agreements, other than Capital Leases and leases of personal property, determined in conformity with GAAP.

  • local expenditures means expenditures in the currency of the Borrower or for goods or services supplied from the territory of the Borrower; and

  • Emergency Expenditure means any of the Eligible Expenditures set forth in the CERC Operations Manual in accordance with the provisions of Section I.G of Schedule 2 to this Agreement and required for the activities included in the CERC Part of the Project.