Net Annual Income means in relation to Precincts B, H and the Clive Peeters Lease only an amount represented by N in the following formula: N=A-(D+E) where: A = the gross rent for the Building (or Buildings, if more than one) shown in the Tenancy Return Schedule attributable to the Building(s) D= estimated land tax on the Land (on a single holding basis) agreed between the parties or, failing agreement based on an independent valuation on (sic) the anticipated Land Tax assessment at the next assessment of the unimproved capital value of the Land which takes account of the use of the Land as multiple showrooms and/or shops E = the outgoings for the Centre agreed between the parties or, failing agreement, resolved, as a dispute in accordance with clause 26 by an independent external property manager.” [8] Lancini and Ticor were unable to agree on the estimated land tax and outgoings for Precinct B and, therefore, could not arrive at a Net Annual Income. [9] The Development Agreement contained a dispute resolution clause (clause 26) which provided that if the parties had any dispute or difference as to the performance of the agreement or arising out of the agreement, then it must be referred by a party for determination by a person called the “Determinator”.1[10] Pursuant to cl 26 of the Development agreement, Mr Buckley was appointed to resolve the dispute between Lancini and Ticor. I will deal with the terms of his appointment later in these reasons. [11] By a letter of 29 June 2006, Mr Buckley provided his determination of the outgoings for Precinct B. He estimated the total as $215,288. [12] Lancini pleads that Mr Buckley was negligent or that he breached the warranties with respect to four matters:
Net Annual Income means the gross income of a trust estate
Net Annual Income. , in relation to a 1[waqf], means net annual income determined in accordance with the provisions of the Explanations to sub-section (1) of section 72;
Examples of Net Annual Income in a sentence
Provided that no Net Annual Income shall be attributed to any leasehold property the term of which expires before the final maturity date of the Loan.
Net Annual Income of Party with lower income, Adjusted for Maintenance(Line 1 above plus Line 1A or 1B of UD-8(1), whichever is lower) $ 3.
Net Annual Income of Party with higher income Adjusted for Maintenance (Line 1A or 1B of Annual Income Worksheet Form UD-8(1), whichever is higher,minus line 1 above) $ 4.Combined Parental Income Adjusted for Maintenance(Total 2 plus 3) .
Each Borrower shall ensure that at all times the Net Annual Income of the Charged Properties shall be not less than 100 per cent.
At Ark Kings Academy, we aim to create a place where pupils work hard, conduct themselves well, develop excellent character which models the virtues of wisdom, resilience and kindness.
More Definitions of Net Annual Income
Net Annual Income shall be and mean the amount of Net Income reported by the Company in its Form 10-K (the "Form 10-K") as filed under the Securities Act of 1934, as amended. Payment of the Bonus, if any, shall be made to the Employee within ten (10) days after the Company files its Form 10-K.
Net Annual Income means the gross income of a trust estate during a fiscal year minus trust commissions and expenses attributable to income for that fiscal year.
Net Annual Income means the gross income of a
Net Annual Income means the Gross Annual Income during a particular Fiscal Year less the aggregate of:
(1) Authorized Expenses; and
(2) such other sums in each year as the Trustee in its sole discretion considers to be proper allowances, reserves, deductions and disbursements in accordance with the Trust Agreement, but only to the extent that such Authorized Expenses or such other sums are deductible to the Trust under the Income Tax Act;
Net Annual Income in respect of a New Trust shall mean:
Net Annual Income means in relation to:
Net Annual Income means all of the income earned from the Trust Property in each fiscal year less the aggregate of:
(i) Authorized Expenses;
(ii) such further or other sums in each year as the Trustee in their discretion consider to be proper allowances, reserves, deductions, disbursements or outgoings in accordance with generally accepted accounting principles; and
(iii) such other expenses, costs and payments incurred in by the Trustees in the management, operation, supervision, administration and carrying out of the terms of the Trust as may be authorized by the Blood Tribe Council from time to time.