Omnibus Amendment Date definition

Omnibus Amendment Date means September 14, 2020.

Omnibus Amendment Date means April 25, 2016.

Omnibus Amendment Date means September 14, 2020. “Operating Expenses” means with respect to the period in question, all expenses actually incurred by Borrower during such period in connection with the operation, management, maintenance, repair and use of the Project, as determined on an accrual basis, and except as otherwise set forth in this definition, in accordance with GAAP. Operating Expenses shall include (x) property management fees in an amount not to exceed the greater of (a) two percent (2%) of Gross Revenues for such period and (b) the actual amounts payable under the Management Agreement for such period and (y) reserves in an annualized amount equal to $0.25 per rentable square foot of the Project. Operating Expenses shall not include (i) any leasing costs, such as leasing commissions, tenant allowances and attorneys’ fees, (ii) any expenditure that is required to be capitalized under GAAP, (iii) depreciation and amortization, (iv) income taxes or other impositions in the nature of income taxes, (v) costs related to obtaining or refinancing the Loans, transferring of all or any part of the Premises or obtaining Insurance Proceeds or Condemnation Proceeds, (vi) debt service in respect of the Loans, (viii) any expense paid directly by any tenant (unless such expense is an obligation of Borrower) or any Person other than Borrower, (ix) payments from or to any reserve account, and (x) any items of expense which would be considered an “Operating Expense” pursuant to the provisions above, but is paid directly by a Lessee. “Operating Revenues” means with respect to the period in question, all actual revenues of Borrower during such period from the use, ownership and operation of the Project. Operating Revenues shall include (a) all Rents and other amounts payable as Rent to Borrower by any Lessee under a Permitted Lease, including the rental revenue and expense recoveries recognized on a GAAP basis from tenants under Permitted Leases (excluding any adjustment for straight-line rent), and any license agreements, occupancy agreements, concession agreements or other agreements related to the Project, (b) business interruption or rent insurance proceeds to the extent allocable to the applicable period and (c) any and all other amounts which in accordance with GAAP are included in Borrower’s annual financial statements as operating income attributable to the Project. Operating Revenues shall not include (i) any Insurance Proceeds or Condemnation Proceeds (other than business int...

Examples of Omnibus Amendment Date in a sentence

• Prominent examples where this kind of data has been used in traffic simulations are (Mcardle et al.

• For the avoidance of doubt, all amounts so held in the Tax Reserve shall be deemed to have been advanced to Borrower and will accrue interest from and after the advance as of the Tenth Omnibus Amendment Date.

• Effective as of the Omnibus Amendment Date, each of the Employment Agreements (other than the Xxxxx Employment Agreement) is hereby amended by deleting the last three sentences of Section 2.2 in each such Employment Agreement.

• For the avoidance of doubt, all amounts so held in the Debt Service Reserve shall be deemed to have been advanced to Borrower and will accrue interest from and after the advance as of the Tenth Omnibus Amendment Date.

More Definitions of Omnibus Amendment Date

Omnibus Amendment Date means August 15, 2012.