Non-Operating Expenses definition

Non-Operating Expenses means the expenses incurred in the performance of activities not directly related to the ordinary operations of the Airport System and shall include the expenses and compensation of the fiduciaries and consultants required to be paid under the Bond Resolution, all to the extent properly attributable to the Airport System, interest expense and any charge relating to the payment of principal, and shall also include, with respect to the Bonds, the fees, expenses, and other amounts payable to any issuer of a letter of credit, the proceeds of which will be applied to pay the principal of and interest on any series of Bonds, as well as any indexing agent, depository, remarketing agent or any other person whose services are required with respect to the issuance of any Variable Interest Rate Bonds or Option Bonds.
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Non-Operating Expenses all expenses and costs of the Borrower other than Operating Expenses. Non-Operating Expenses may not be paid from the operating account until the Annual Installment has been calculated and remitted to LHC. Non-Operating Expenses shall include, without limitation: any and all costs of developing the Project; deferred developer fee; asset management fees and investor service fees (except as expressly stated herein); tax credit adjusters; income taxes of the Borrower; distributions or payments to persons or entities having an Identity of Interest relationship with the Borrower; deposits to reserve accounts and escrow accounts (other than deposits specifically approved in advance, in writing by LHC); business travel expenses other than for front-line staff of the Project; payments on any loans other than the Senior Loan; repayments of advances or loans, including those to pay Operating Deficits; payments to the management agent (other than the property management fee and other payments specifically approved in advance, in writing by LHC); payments not directly related to, or on behalf of, the Project; and payments to the Borrower (other than payment specifically approved in advance, in writing by LHC).
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Non-Operating Expenses. , for a financial year, means all expenses of the MRC other than operating expenses and shown in the annual financial report of the MRC, for that year;
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Examples of Non-Operating Expenses in a sentence

  • Non-Operating Expenses may not be paid from the operating account until the Annual Installment has been calculated.

  • All Non-Operating Expenses have been excluded from the Financial Analysis.

  • Non-Operating Expenses may be paid from Surplus Cash remaining in the operating account after determination of the Annual Installment.

  • Non-Operating Expenses may be paid from Surplus Cash remaining in the operating account after determination and payment of the Annual Installment.

  • Non-Operating Expenses means without duplication during any Performance Period, interest expense, gain or loss on dispositions of assets, non-cash asset impairments, merger or acquisition expenses (so long as such impairment does not relate to an asset acquired during the applicable Performance Period) or other non-routine charges incurred during the applicable Performance Period as the Committee may determine is appropriate to include as Non-Operating Expenses during the applicable Performance Period.

  • From the Operating Account, Manager shall pay all Operating Expenses, Non-Operating Expenses and other amounts required to be paid by Manager on Owner’s behalf under this Agreement.


More Definitions of Non-Operating Expenses

Non-Operating Expenses means any and all costs, fees and expenses that are not both (i) related to Surviving Entity's day-to-day operations, consistent with past practices, and (ii) reasonably necessary in the Ordinary Course of Business of Surviving Entity's business, as conducted prior to the Closing Date, and any other unusual, one-time or non-recurring expenses.
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Non-Operating Expenses means all expenses directly related to the generation of non-operating revenues, including taxes and payments in lieu of taxes, and provision for depreciation or debt service requirements, whichever is greater.
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Non-Operating Expenses means without duplication during any Performance Period, interest expense, gain or loss on dispositions of assets, non-cash asset impairments, merger or acquisition expenses (so long as such impairment does not relate to an asset acquired during the applicable Performance Period) or other non-routine charges incurred during the applicable Performance Period as the Committee may determine is appropriate to include as Non-Operating Expenses during the applicable Performance Period.
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Non-Operating Expenses means the provision (benefit) for self-insured professional and general liability, depreciation and amortization, interest expense, lease expense, asset impairment expense, and income tax expense (benefit). “Payments of Professional Liability” shall mean the total out of pocket expense associated with professional and general liability related settlements, legal fees or administration for all facilities owned and/or operated by entities related to Guarantor;
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Related to Non-Operating Expenses

  • Gross Operating Expenses shall include (i) all costs and expenses of operating the Hotel included within the meaning of the term “Total Costs and Expenses” contained in the Uniform System and, (ii) without duplication, the following: all salaries and employee expense and payroll taxes (including salaries, wages, bonuses and other compensation of all employees of the Hotel, and benefits including life, medical and disability insurance and retirement benefits), expenditures described in Section 9.1, operational supplies, utilities, insurance to be provided by Lessee under the terms of this Lease, governmental fees and assessments, common area maintenance costs and other common area fees and assessments, food, beverages, laundry service expense, the cost of Inventories, license fees, advertising, marketing, reservation systems and any and all other operating expenses as are reasonably necessary for the proper and efficient operation of the Hotel and the Leased Property incurred by Lessee in accordance with the provisions hereof (excluding, however, (i) federal, state and municipal excise, sales and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes paid over to federal, state or municipal governments, (ii) the cost of insurance to be provided under Article 13, (iii) expenditures by Lessor pursuant to Article 13 and (iv) payments on any Mortgage or other mortgage or security instrument on the Hotel); all determined in accordance with generally accepted accounting principles. No part of Lessee’s central office overhead or general or administrative expense (as opposed to that of the Hotel), and no operating expenses paid or payable by tenants under Space Leases, shall be deemed to be a part of Gross Operating Expenses, as herein provided. Reasonable out-of-pocket expenses of Lessee incurred for the account of or in connection with the Hotel operations, including but not limited to postage, telephone charges and reasonable travel expenses of employees, officers and other representatives and consultants of Lessee and its Affiliates, shall be deemed to be a part of Gross Operating Expenses and such Persons shall be afforded reasonable accommodations, food, beverages, laundry, valet and other such services by and at the Hotel without charge to such Persons or Lessee.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • 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: (i) The operation, repair and maintenance, in neat, clean, good order and condition, of the following:

  • Base Operating Expenses means the Operating Expenses for the Base Year.

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.