Net Operating Income definition
Net Operating Income. With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.
Net Operating Income means the amount obtained by subtracting Operating Expenses from Gross Income from Operations.
Net Operating Income means, for any period, the amount obtained by subtracting Operating Expenses for such period from Gross Income from Operations for such period.
Examples of Net Operating Income in a sentence
Such statements shall set forth the financial condition and the results of operations for each Property and the Properties (i.e., individually and on a combined basis) 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.
The financial information delivered by the Borrower pertaining to each of the Eligible Properties to the Administrative Agent in accordance with Section 9.4(d)(ii) fairly presents in a summary form in accordance with Section 9.4(d)(ii), and otherwise accurately in all material respects, the Net Operating Income of each such Eligible Property for the period then ended.
More Definitions of Net Operating Income
Net Operating Income means, for any period, the amount obtained by subtracting Operating Expenses for the Properties for such period from Gross Income from Operations for such period.
Net Operating Income means the excess, if any, of the Partnership’s gross income over its expenses (but not taking into account depreciation, amortization, or any other noncash expenses of the Partnership), calculated in accordance with the principles of Section 5.01(h) hereof.
Net Operating Income means, with respect to each Individual Property, for any period the excess, if any, of Operating Income for such period over Operating Expenses for such period.
Net Operating Income means, for any particular period of time, Gross Revenue for the relevant period, less Operating Expenses for the relevant period; provided, however, that if such amount is equal to or less than zero (0), Net Operating Income shall equal zero (0);
Net Operating Income means net operating income before change in expected credit losses and other credit impairment charges (also referred to as ‘revenue’).
Net Operating Income means: (i) the Gross Income, less (ii) the Expenses of the Project.
Net Operating Income means the amount by which Operating Revenues exceed Operating Expenses.