Owner Income definition

Owner Income means the amount we will pay you under this agreement depending on the Scheme you have joined. Under the Your Lets Fixed Scheme, this shall be the applicable rates for the Dates indicated on your 2022 Your Lets Fixed Agreement Form, subject to your Holiday Home being in Satisfactory Condition on those Dates. Under the Your Lets Flexible Scheme, this will be 70% of the Holiday Home Tariff.
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Owner Income. That portion of Ancillary Income flows listed on the Pricing Exhibit which is payable to the Owner. Owner Expense: “Out-of-pocket” costs to third parties incurred by the Servicer in servicing the Mortgage Loans and REO Properties in accordance with this Agreement that are not reimbursable by the Mortgagor or from Liquidation Proceeds or from any other Person (including any applicable Agency) and that are to be paid by the Owner. Owner Expenses may include, but are not limited to, the cost of (a) Mortgagor counseling fees payable to a third party to the extent required of the Servicer by the applicable Agency with respect to an Agency Loan or by Applicable Requirements or by Applicable Law, (b) any Mortgage Loan assignment, recording, trustee, endorsement or release fee including recordation of powers of attorney and any MERS charges, (c) tax penalties related to a Mortgaged Property as a result of a prior servicer or originator not paying taxes when due, (d) flood tracking contracts, (e) tax service contracts, (f) tax certifications performed to research past due tax amounts, (g) LPMI premiums,
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Owner Income means the amount we will pay you under this agreement. This will be 70% of the Holiday Home Tariff.
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Examples of Owner Income in a sentence

  • Manager shall collect all rent due and owing and provide to Owner all Owner Income.

  • Please note, payment of any Owner Income will be made in a single payment only and so where you are joint owners, you will need to nominate a single bank account for us to make payment to.

  • The provisions in this Clause do not affect the Your Lets Fixed Scheme because we have guaranteed you the Owner Income.

  • If you sell your Holiday Home and leave the Park you will be paid any Owner Income owed to you when closing your Owner Account, subject to us deducting any sums owed to us.

  • Your Owner Income will be calculated under the terms of the Your Lets Flexible Scheme.

  • Owner Income under the Your Lets Flexible Scheme is subject to usage.

  • We do not guarantee any minimum amount of Owner Income under the Your Lets Flexible Scheme.

  • Our obligation to pay you the Owner Income (under any Scheme) shall not apply in relation to any period that the Park is closed (regardless of the reason for the closure).

  • If you are removed from the Scheme for failing to meet the insurance requirements you will receive Owner Income for Bookings where your Holiday Home has been occupied by our guests up to the date your Holiday Home has been removed from the Scheme.

  • Rates, utilities and pitch fees will be set off against your Owner Income from the Scheme.


More Definitions of Owner Income

Owner Income means the amount we will pay you under this agreement depending on the Scheme you have joined. Under the Your Lets Fixed Scheme, this shall be the applicable rates for the Dates indicated on your 2023 Your Lets Fixed Agreement Form, subject to your Holiday Home being in Satisfactory Condition on those Dates. Under the Your Lets Flexible Scheme, this will be 70% of the Holiday Home Tariff.
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Owner Income all rent and payments due to owner in excess of management fees or fees due to Manager according to this Agreement, including but not limited to overnight guest fees; lease termination fees; smoking fine(s).
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Related to Owner Income

  • Gross income means the same as it does for income tax purposes, even if the income is not actually taxable, such as interest on tax-free bonds. Examples include: compensation for services, income from business, gains from property dealings, interest, rents, dividends, pensions, IRA distributions, social security, distributive share of partnership gross income, and alimony, but not child support.

  • Cumulative Net Income means, in respect of any Performance Period, the aggregate cumulative amount of the Adjusted Net Income for the calendar or other fiscal years of the Company during such Performance Period.

  • Business income means income arising from transactions and activity in the regular course of the taxpayer's trade or business and includes income from tangible and intangible property if the acquisition, management, and disposition of the property constitute integral parts of the taxpayer's regular trade or business operations.

  • Program Income means gross in- come earned by the recipient that is di- rectly generated by a supported activ- ity or earned as a result of the award (see exclusions in § 215.24(e) and (h)). Program income includes, but is not limited to, income from fees for serv- ices performed, the use or rental of real or personal property acquired under federally-funded projects, the sale of commodities or items fabricated under an award, license fees and royalties on patents and copyrights, and interest on loans made with award funds. Interest earned on advances of Federal funds is not program income. Except as other- wise provided in Federal awarding agency regulations or the terms and conditions of the award, program in- come does not include the receipt of principal on loans, rebates, credits, dis- counts, etc., or interest earned on any of them.

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Company receives from portfolio companies) accrued during the calendar quarter, minus the Company’s operating expenses for the quarter (including the base management fee, expenses payable under the administration agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the incentive fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Company has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • Per capita income means the average for the most recent three years for

  • Gross Asset Value means, with respect to any asset, the asset’s adjusted basis for federal income tax purposes, except as follows:

  • Net Income means, with respect to any Person, the net income (loss) of such Person, determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends.

  • Disposable income means that part of the income due and payable of any individual remaining

  • Gross Income from Operations means, during any period, all sustainable income as reported on the financial statements delivered by Borrower in accordance with this Agreement, computed in accordance with GAAP, derived from the ownership and operation of the Property from whatever source during such period, including (i) Rents from Tenants that are in occupancy, open for business and paying full contractual rent without right of offset or credit, (ii) utility charges, (iii) escalations, (iv) forfeited security deposits, (v) interest on credit accounts, (vi) service fees or charges, (vii) license fees, (viii) parking fees, (ix) rent concessions or credits, (x) income from vending machines, (xi) business interruption or other loss of income or rental insurance proceeds, (xii) other required pass-throughs and (xiii) interest on Reserve Funds, if any, but excluding (i) Rents from month-to-month Tenants, Tenants during a free-rent period, or Tenants that are included in any Bankruptcy Action, (ii) sales, use and occupancy or other taxes on receipts required to be accounted for by Borrower to any Governmental Authority, (iii) refunds and uncollectible accounts, (iv) sales of furniture, fixtures and equipment, (v) Insurance Proceeds (other than business interruption or other loss of income or rental insurance), (vi) Awards, (vii) unforfeited security deposits, (viii) utility and other similar deposits and (ix) any disbursements to Borrower from the Reserve Funds, if any. Gross income shall not be diminished as a result of the Security Instrument or the creation of any intervening estate or interest in the Property or any part thereof.

  • Consolidated Interest Income means, for any period, the interest income of the Consolidated Group for such period, determined on a consolidated basis in accordance with GAAP.

  • Cumulative Consolidated Net Income means, for any period, Consolidated Net Income for such period, taken as a single accounting period. Cumulative Consolidated Net Income may be a positive or negative amount.

  • Other Income means money received by a licensed manager from sources other than over the counter and machine sales.

  • net non-operating income means the difference between: (A) revenues from all sources other than those related to operations; and (B) expenses, including taxes and payments in lieu of taxes, incurred in the generation of revenues in (A) above.

  • Interest Income means interest earned on the Funding;

  • Median income means the median income by household size for the applicable housing region, as adopted annually by COAH or a successor entity approved by the Court.

  • Operating Income means the Company’s or a business unit’s income from operations but excluding any unusual items, determined in accordance with generally accepted accounting principles.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • 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®.

  • Exempt income means all of the following:

  • DED-OESE means the DED office of elementary and secondary education.

  • Net Income (Loss) means with respect to any Person and for any period, the aggregate net income (or loss) after taxes of such Person for such period, determined in accordance with GAAP.

  • Intangible income means income of any of the following types: income yield, interest, capital gains, dividends, or other income arising from the ownership, sale, exchange, or other disposition of intangible property including, but not limited to, investments, deposits, money, or credits as those terms are defined in Chapter 5701. of the Ohio Revised Code, and patents, copyrights, trademarks, trade names, investments in real estate investment trusts, investments in regulated investment companies, and appreciation on deferred compensation. "Intangible income" does not include prizes, awards, or other income associated with any lottery winnings, gambling winnings, or other similar games of chance.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • Consolidated Net Income means, with respect to any specified Person for any period, the aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that:

  • Consolidated Income Tax Expense means, with respect to any Person for any period, the provision for federal, state, local and foreign income taxes of such Person and its Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP.