Net Operating. Income shall mean Property revenues less Property expenses (including management fees, but excluding capital expenses).
Net Operating. Income: Operating Income less Operating Expenses.
Net Operating. Income shall mean Gross Cash Receipts less Operating Expenses.
Examples of Net Operating in a sentence
Gains and losses on the repurchase or early settlement of borrowing are credited and debited to Net Operating Expenditure in the Income and Expenditure Account in the year of repurchase/settlement.
Such statements shall set forth the financial condition and the results of operations for the Property for such Fiscal Year, and shall include, but not be limited to, amounts representing annual Net Cash Flow, Net Operating Income, Gross Income from Operations and Operating Expenses.
Each Operating Loan shall be nonrecourse to the Partners, and shall be repayable out of 50% of the available Net Operating Income or Sale or Refinancing Proceeds in accordance with Article XI of this Agreement.
If the General Partner shall so fail to pay, the General Partner and its Affiliates shall forthwith cease to be entitled to any fees hereunder (other than the Development Fee) and/or to the payment of any Net Operating Income or Sale or Refinancing Proceeds to which the General Partner may otherwise be entitled hereunder.
Grants to cover general expenditure (e.g. Revenue Support Grant) are credited to the foot of the Income and Expenditure Account after Net Operating Expenditure.
More Definitions of Net Operating
Net Operating. Profit shall mean Net Sales of the Product in the Territory minus: (i) Cost of Distribution, Safety Surveillance Cost and Cost of Manufacture; (ii) royalties payable to Third Parties; (iii) an amount equal to ** of Net Sales to be retained by Kos; and (iv) Shared Copromotion Expenses if not previously reimbursed under Section 6.7(c) (including expenses prior to first commercial sale).
Net Operating. Income shall mean, for any income producing operating properties, the difference between (a) any cash rentals, proceeds and other income received from such Property (but excluding security or other deposits, late fees, early lease termination or other penalties, or other income of a non- recurring nature) during the determination period, less (b) all cash costs and expenses (excluding interest expense and any expenditures that are capitalized in accordance with Generally Accepted Accounting Principles) incurred as a result of, or in connection with, or properly allocated to, the operation or leasing of such Property during the determination period. Net Operating Income shall be calculated on a consolidated basis in accordance with Generally Accepted Accounting Principles.
Net Operating. Revenues: For any period, Operating Revenues, less Operating Expenses.
Net Operating. Income shall xxxx xhe amount obtained by subtracting Operating Expenses from Operating Income.
Net Operating. Income: the cash revenue received by Tenant in a Fiscal Year from operations from Phase 1A less all amounts paid in such Fiscal Year for: Operating Expenses (including, without limitation, all monies paid as an operating subsidy to the Museum and all other payments allocable to Phase 1A made under the REA); leasing and re-leasing expenses; allowance for renovation and equipment replacements; Base Rent; Escalation Rent and Additional Rent. Net Worth: as of a particular date the net book value (after deducting related depreciation, obsolescence, amortization, valuation and other property reserves) at which all assets of a Person and all subsidiaries of that Person would be shown on a consolidated balance sheet; minus the amount at which liabilities (other than capital stock and surplus) would be shown on such balance sheet, all as determined in accordance with generally accepted accounting principles consistently applied.
Net Operating. Profit shall mean (i) the aggregate of the Companies’ revenues derived from ordinary course of business minus (ii) costs and expenses minus (iii) Taxes, it being understood that such revenues shall not be the result of any extraordinary gains from the sale of assets or otherwise. Obligations shall mean all loans, advances and extensions of credit made or to be made by the Lender to the Companies, or to others for the Companies’ account (including, without limitation, all Revolving Loans and Letter of Credit Guaranties); any and all indebtedness and obligations which may at any time be owing by the Companies to the Lender howsoever arising, whether now in existence or incurred by the Companies from time to time hereafter; whether principal, interest, fees, costs, expenses or otherwise; whether secured by pledge, lien upon or security interest in any of the Companies’ Collateral, assets or property or the assets or property of any other Person; whether such indebtedness is absolute or contingent, joint or several, matured or unmatured, direct or indirect and whether the Companies are liable to the Lender for such indebtedness as principal, surety, endorser, guarantor or otherwise. Obligations shall also include indebtedness owing to the Lender by the Companies under any Loan Document, or under any other agreement or arrangement now or hereafter entered into between any Company and the Lender; indebtedness or obligations incurred by, or imposed on, the Lender as a result of environmental claims arising out of any Company’s operations, premises or waste disposal practices or sites in accordance with paragraph 7.7 hereof; any Company’s liability to the Lender as maker or endorser of any promissory note or other instrument for the payment of money; any Company’s liability to the Lender under any instrument of guaranty or indemnity, or arising under any guaranty, endorsement or undertaking which the Lender may make or issue to others for such Company’s account, including any Letter of Credit Guaranty or other accommodation extended by CIT with respect to applications for Letters of Credit, the Lender’s acceptance of drafts or the Lender’s endorsement of notes or other instruments for the Companies’ account and benefit and Ledger Debt. Operating Leases shall mean all leases of property (whether real, personal or mixed) other than Capital Leases. Other Collateral shall mean all now owned and hereafter acquired lockbox, blocked account and any other deposit accounts...
Net Operating. Income: For any period, Operating Revenue for such period less Operating Expenses for such period. Non-Defaulting Lender: Each Lender other than a Defaulting Lender. Note: A promissory note of Borrower payable to the order of any Lender, in substantially the form of the attached Exhibit B-1, evidencing Indebtedness of Borrower to such Lender resulting from Advances from such Lender, and Notes means all of such promissory notes.