Examples of Project Income in a sentence
The reimbursement amounts are calculated based on the following formula: Actual Expenditure minus (-) Total Revenue (Matching and Non-Matching Contributions and Project Income) equals (=) Total Reimbursement amount.
On or before the 15th day of each month following establishment of the Replacement Reserve Account, Borrower must make monthly deposits from Project Income into the Replacement Reserve Account in the amount necessary to meet the requirements of this Section.
A separate fund shall be established for Project income and identified as the “Community Corrections Project Income Fund.” Expenditures from this fund shall be accounted for in the same manner as all other expenditures of Community Corrections grant money.
Within one hundred twenty (120) days of the end of each fiscal year following the Completion Date, Borrower shall apply annual Project Income to pay Project Expenses and then to pay Project Fees.
Distributions" refers to cash or other benefits received as Project Income from the operation of the Project and available to be distributed to Borrower, its general partners or any party having a beneficial interest in the Project as Surplus Cash, but does not include reasonable payments for property management, asset management, partnership management or other services performed in connection with the Project.