Monthly Operating Expense Budgeted Amount definition

Monthly Operating Expense Budgeted Amount for any calendar month shall mean the monthly amount set forth in the Approved Annual Budget for Operating Expenses for such calendar month.
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Monthly Operating Expense Budgeted Amount means the monthly amount set forth in the Approved Annual Budget for Operating Expenses for the calendar month in which such Monthly Payment Date occurs; provided that management fees payable to Manager as part of the Monthly Operating Expense Budgeted Amount shall not exceed 3% of Rents.
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Monthly Operating Expense Budgeted Amount means the monthly amount set forth in the Approved Annual Budget for Operating Expenses for the calendar month in which such Monthly Payment Date occurs.
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Examples of Monthly Operating Expense Budgeted Amount in a sentence

  • During a Trigger Period, such Excess Management Fees shall not be included in the Monthly Operating Expense Budgeted Amount or otherwise disbursed to Senior Borrower or Borrower.

  • During a Trigger Period, such Excess Management Fees shall not be included in the Monthly Operating Expense Budgeted Amount or otherwise disbursed to Borrower.


More Definitions of Monthly Operating Expense Budgeted Amount

Monthly Operating Expense Budgeted Amount has the meaning set forth in Section 2.06(d).
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Monthly Operating Expense Budgeted Amount the Operating Expenses set forth in the Budget incurred or to be incurred during the calendar month in which a Loan Advance is made. Monthly Payment Date: the first day of every calendar month, provided if such day is not a Business Day, the Monthly Payment Date shall be the next following Business Day.
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Monthly Operating Expense Budgeted Amount the monthly amount set forth in the Approved Operating Budget for the Property to which such amount relates, incurred or to be incurred for or as of the calendar month in which such Payment Date occurs (provided, however, that, the Monthly Operating Expense Budgeted Amount shall not include fees payable to a Property Manager under any Property Management Agreements (or to any Sub-Manager under a Sub-Management Agreement) in excess of four percent (4%) of the Rents for the applicable Property with respect to any calendar month).
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Monthly Operating Expense Budgeted Amount means the monthly amount set forth in the Approved Operating Budget incurred or to be incurred for or as of the calendar month in which such Payment Date occurs; provided that, management fees payable to Manager as part of the Monthly Operating Expense Budgeted Amount shall not exceed 3% of Rents (the “Management Fee Cap”).
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Monthly Operating Expense Budgeted Amount means, during a Trigger Period, the monthly amount set forth in the Approved Annual Budget for Operating Expenses for the calendar month in which such Monthly Payment Date occurs; provided that aggregate of management fees payable to Manager and franchise fees payable to a Franchisor as part of the Monthly Operating Expense Budgeted Amount shall not exceed 3% of Rents; provided that such Monthly Operating Expense Budgeted Amount shall be increased for any particular calendar month to reflect any actual expenditures made or to be made during such calendar month that (i) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Property or otherwise not discretionary in nature and reasonably required for the ongoing operation of the business conducted at the Property, (ii) excluding Operating Expenses included in clause (i), above, are in excess of the amount budgeted for such calendar month, but when aggregated with other expenditures of the same nature made during the applicable Fiscal Year, do not exceed the corresponding line item set forth in the Approved Annual Budget by more than five percent (5%) or (iii) have otherwise been approved by Lender as provided in Section 4.9.5.
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Related to Monthly Operating Expense Budgeted Amount

  • Operating Expenses shall include all costs to the Lessor of operating and maintaining the Premises, and shall include, without limitation, real estate and personal property taxes and assessments, management fee(s), heating, air conditioning, HVAC, electricity, water, waste disposal, sewage, operating materials and supplies, service agreements and charges, lawn care, snow removal, restriping, repairs, repaving, cleaning and custodial, security, insurance, the cost of contesting the validity or applicability of any governmental acts which may affect operating expenses, and all other direct operating costs of operating and maintaining the Premises and related parking areas, unless expressly excluded from operating expenses.

  • Operating Expenditures means all Partnership Group cash expenditures (or the Partnership’s proportionate share of expenditures in the case of Subsidiaries that are not wholly owned), including taxes, compensation of employees, officers and directors of the General Partner, reimbursement of expenses of the General Partner and its Affiliates, debt service payments, Maintenance Capital Expenditures, repayment of Working Capital Borrowings and payments made in the ordinary course of business under any Hedge Contracts, subject to the following:

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Incremental Operating Costs means the incremental expenses incurred by the Recipient’s implementing agencies on account of Project implementation, management, and monitoring, including office space rental, utilities, and supplies, bank charges, communications, advertising, vehicle operation, maintenance, and insurance, building and equipment maintenance costs, travel and supervision costs, and salaries of supporting staff, but excluding salaries of officials of the Recipient’s civil service.

  • Common Area Operating Expenses are defined, for purposes of this Lease, as all costs incurred by Lessor relating to the ownership and operation of the Industrial Center, including, but not limited to, the following: