Prepaid Income definition

Prepaid Income shall have the meaning set forth in Section 2.2(a).
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Prepaid Income means, as of a Closing Date, all amounts with respect to RMR Accounts which have been or will be collected by Seller from Customers for RMR or RMC for which the service period begins on or after July 1, 1999.
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Examples of Prepaid Income in a sentence

  • Subject to the other provisions herein contained, the Accrued Expenses, Prepaid Expenses, Accrued Income and Prepaid Income shall be apportioned (on the basis of a 365 day year) to Sellers with respect to the Pre-Closing Period and the Buyer with respect to the Post-Closing Period.

  • In making such calculation, the Independent Accountant shall consider only those amounts in the Sellers’ calculation of the Accrued Expenses, Prepaid Expenses, Accrued Income and Prepaid Income as to which Buyer has disagreed.

  • Note 11: Prepaid Income Consolidated 31 December31 December 2017$’0002016$’000Sale of portion of land owned1,5001,500 1,5001,500 On 24 November 2016, Focus entered into an agreement with FMR Investments Pty Ltd to sell of a portion of land in the M15/154 tenement held by the Group for $3m.

  • NOTE 5.4: PREPAID INCOME CurrentPrepaid Membership Income 45,045 42,327 Total Current Prepaid Income 45,045 42,327 Non‐CurrentPrepaid Membership Income 16,655 13,707 Total Non‐Current Prepaid Income 16,655 13,707 TOTAL PREPAID INCOME 61,700 56,034 NOTE 6: HOW WE FINANCED OUR OPERATIONS This section provides information on the sources of finance utilised by AV during its operations, along with other information related to financing activities of AV.

  • Operating Cash--$358,392.25; Total Cash Reserve--$891,383.71; Restricted Sunflower Mitigation Fund--$13,680.23; Accounts Receivable--$102,470.68; Other Assets--$175,511.96; Pre-paid Income Tax--$6,076.00; Pre-paid Insurance--$2,832.00.

  • Prepaid Income and Deferred Credits Detail of prepaid income and deferred credits: Balance at December 31 Exchange Difference Credits Charges Balance at December 31 Exchange Difference Credits Charges December 31 June 30Deferred Credits Profits from sale of assets Retirement Pensions Movement in retirement pension liabilities: (1) Includes the recovery of $1,985 in surplus allowance on the actuarial estimate in the Bank.

  • The expected refund is currently included in Prepaid Income Taxes in the Consolidated Balance Sheets.

  • Any Prepaid Income for which the invoice date is June 1, 1999 or after and for which the service date begins on July 1, 1999 will not be deducted from the purchase price, but only if the Prepaid Income has been deposited in the Escrow Account pursuant to Section 2.8 and is delivered to SAFE on the Closing Date.

  • Prepaid Income represents unearned income for projects being delivered on behalf of other NSW government agencies by the project delivery unit of INSW.

  • The April 2012 Finance reports were sent to the Board and the Finance Committee, which approved the reports as follows: Operating Cash--$502,381.45; Total Cash Reserve--$931,280.94; Restricted Sunflower Mitigation Fund--$13,676.45; Accounts Receivable--$85,367.77; Other Assets--$181,239.96; Prepaid Income Tax--$6,569.00.

Related to Prepaid Income

  • Unpaid income tax means income tax due but not paid by the date the income tax is required to be paid under applicable law.

  • Accrued income means the sum of:

  • Prepaid Installment With respect to any Mortgage Loan, any installment of principal thereof and interest thereon received prior to the scheduled due date for such installment, intended by the Mortgagor as an early payment thereof and not as a Prepayment with respect to such Mortgage Loan.

  • Unpaid Interest means, on any Distribution Date with respect to any Class of Interests or Certificates (other than the Residual Certificates), the portion of Distributable Certificate Interest for such Class remaining unpaid as of the close of business on the preceding Distribution Date, plus one month's interest thereon at the applicable Pass-Through Rate.

  • Unearned income means any income which is not earned income and includes supplemental security income (SSI) and other funds available to a child residing in a foster care placement.

  • Prepaid Expenses has the meaning set forth in Section 1.2(f).

  • Interest Income means interest earned on the Funding;

  • Prepaid Monthly Payment Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.

  • Adjusted Income means, with respect to a HOME Development, the gross income from wages, income from assets, regular cash or noncash contributions, and any other resources and benefits determined to be income by HUD, adjusted for family size, minus the deductions allowable under 24 CFR §5.611.

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

  • Earned Income means the same as that term is defined in § 32(c) of the Internal Revenue Code. The

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.

  • Unpaid Interest Amounts As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Unpaid Interest Amount As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • REO Income all REO Income received from the Special Servicer;

  • Class Unpaid Interest Amounts As to any Distribution Date and Class of interest bearing Certificates, the amount by which the aggregate Class Interest Shortfalls for such Class on prior Distribution Dates exceeds the amount distributed on such Class on prior Distribution Dates pursuant to clause (ii) of the definition of Class Optimal Interest Distribution Amount.

  • Deferred Revenue is all amounts received or invoiced in advance of performance under contracts and not yet recognized as revenue.

  • Unpaid Balance of any Receivable means at any time the unpaid principal amount thereof.

  • Advance Interest means the interest accrued on any Servicing Advance which is payable to the party that made that Servicing Advance, in accordance with the Lead Securitization Servicing Agreement.

  • Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.

  • Unpaid Interest Shortfalls Each of the Class A Unpaid Interest Shortfalls, the Class B-1 Unpaid Interest Shortfall, the Class B-2 Unpaid Interest Shortfall, the Class B-3 Unpaid Interest Shortfall, the Class B-4 Unpaid Interest Shortfall, the Class B-5 Unpaid Interest Shortfall and the Class B-6 Unpaid Interest Shortfall.

  • Class Unpaid Interest Shortfall As to any Distribution Date and each interest-bearing Class, the amount by which the aggregate Class Interest Shortfalls for such Class on prior Distribution Dates exceeds the amount of interest actually distributed on such Class on such prior Distribution Dates pursuant to clause (ii) of the definition of "Interest Distribution Amount."

  • Carryforward Interest With respect to any Distribution Date and each Class of Certificates (other than the Class X, Class P and Class R Certificates), the sum of (i) the amount, if any, by which (x) the sum of (A) Current Interest for such Class for the immediately preceding Distribution Date and (B) any unpaid Carryforward Interest for such Class from previous Distribution Dates exceeds (y) the amount distributed in respect of interest on such Class on such immediately preceding Distribution Date, and (ii) interest on such amount for the related Accrual Period at the applicable Certificate Interest Rate. Certificate: Any one of the certificates executed by the Trustee and authenticated by the Certificate Registrar in substantially the forms attached hereto as Exhibit A.

  • Unpaid Realized Loss Amount With respect to any Class of Subordinated Certificates and as to any Distribution Date, is the excess of (i) the Applied Realized Loss Amounts with respect to such Class over (ii) the sum of (a) all distributions in reduction of such Applied Realized Loss Amounts on all previous Distribution Dates, and (b) the amount by which the Class Certificate Balance of such Class has been increased due to the distribution of any Subsequent Recoveries on all previous Distribution Dates. Any amounts distributed to a Class of Subordinated Certificates in respect of any Unpaid Realized Loss Amount will not be applied to reduce the Class Certificate Balance of such Class.

  • 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.

  • Overpayments as used in this Section include payments (i) made by the System Agency that exceed the maximum allowable rates; (ii) that are not allowed under applicable laws, rules, or regulations; or (iii) that are otherwise inconsistent with this Grant Agreement, including any unapproved expenditures. Xxxxxxx understands and agrees that it shall be liable to the System Agency for any costs disallowed pursuant to financial and compliance audit(s) of funds received under this Grant Agreement. Xxxxxxx further understands and agrees that reimbursement of such disallowed costs shall be paid by Grantee from funds which were not provided or otherwise made available to Grantee under this Grant Agreement.