Project NOI definition

Project NOI means the Net Operating Income for the Project or a Future Project for the calendar year preceding the date of determination of Cost Recovery.
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Project NOI means, with respect to any Stabilized Project for the Applicable Period ending on the date of computation thereof, the net operating income earned by the Operators of such Stabilized Project allocable to such Stabilized Project, determined in accordance with GAAP.
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Examples of Project NOI in a sentence

  • Permit the total Unencumbered Project NOI for all Unencumbered Projects in the aggregate to be less than 1.75 times the Recurring Interest Expense relating to Total Unsecured Indebtedness at the end of any fiscal quarter, determined based on information for the most recent quarter annualized.

  • In its Notice of Intent to prepare an EIS for the Project (NOI), DOS also presented its intent to conduct a parallel Section 106 consultation under the National Historic Preservation Act (NHPA).

  • Proposers submitting responses which meet the selection criteria and which are deemed to be the most advantageous to the University may be required to give an oral presentation to the University selection team.

  • If Project NOI equals $8,900,000.00, for purposes of calculating the Exchange Shares or Purchase Price, Exchange Capital of the Class B Limited Partner shall be multiplied by a factor of 75%, which factor will proportionately increase to 100% if Project NOI equals $10,000,000.00 or more.

  • Project NOI $7,132,000II.Development Costs $97,503,000III.Imputed Return 7.3% Profit Margin Analysis III.Total Project NOI $7,132,000 IV.

  • As described in the Project NOI and supplemental information (hereafter referred to as the Application), which is incorporated herein by reference, the purpose of the Project is to excavate, inspect, and, if necessary, repair three segments of a natural gas pipeline.

  • We expect that all funds, except the Project NOI, will be available at closing, and the use of funds, such as construction loan may be prioritized over other funds.At closing the PHB existing HIF Loan and project reserve funds will be transferred into in the name of the new ownership.

  • On July 9, 2015, the Commission issued a Notice of Intent to Prepare anEnvironmental Assessment and Request for Comments on Environmental Issues for the Proposed Chicago Market Expansion Project (NOI).

  • Permit the total Unencumbered Project NOI for all Unencumbered Projects in the aggregate to be less than 1.75 times the Recurring Interest Expense relating to Total Unsecured Indebtedness at any date of determination, determined based on information for the most recent quarter annualized.

  • We anticipate the construction loan will be drawn before PHB CDBG Loan, Home Forward cash, Project NOI and portions of the tax credit investors 15% initial installment, to ensure that at least 50% of the development is financed with tax-exempt debt supporting requirements for the Low Income Housing Tax Credit Allocation.Notwithstanding the above, the PHB CDBG Loan will withhold 10% of its principal until construction completion and payment of retainage to the contractor.


More Definitions of Project NOI

Project NOI means the projected Annual Net Rent of a Project as of the Lease Commencement Date as projected in the Development Proposal for such proposed development, reduced by a replacement reserve equal to the product of (i) $0.05, and (ii) the rentable square footage of such proposed development.
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Project NOI means, as to any period, with respect to any Project, the excess of its Project Receipts over its Project Expenses.
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Project NOI means (a) the actual cash income derived from the Property, which amount shall be adjusted, if necessary, to reflect a thirty percent (30%) vacancy and collection loss if the actual vacancy and collection loss for the Project is less than thirty percent (30%) (room rental income plus ancillary income but excluding income other than rental income in excess of one percent (1%) of gross room rental receipts, security deposits, and other charges deemed by Lender to be of a non-recurring nature)(hereinafter "Actual Income") less (b) the greater of (x) $7,100 per room (on an annual basis) or (y) the actual cash operating expenses relating to the Property, other than payments of principal and interest hereunder. The cash operating expenses will be adjusted to include (i) a management fee of not less than 5% of gross room rental income, (ii) appropriate accruals for one time annual operating expenses such as property taxes and insurance, (iii) reserves equal to the greater of (A) four percent (4%) of gross rental income or (B) $500 per room (on an annual basis) for customary repairs and replacements relating to ordinary wear and tear such as carpeting, painting and equipment replacement, and (iv) the costs related to a national marketing and reservation system fee of not less than four percent (4%) of gross rental income.
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Related to Project NOI

  • Property NOI means, with respect to any Property for any Rolling Period (without duplication) the aggregate amount of (i) Property Income for such period minus (ii) Property Expenses for such period.

  • Property EBITDA means for any property owned by Ventas, Inc. or any of its Subsidiaries as of the date of determination, for any period of time, the net income (loss) derived from such property for such period, before deductions for (without duplication):

  • Approved Project means the Scheme application of the Applicant approved by the CIC.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • NCZ Examined Project means any Generator or UDR project that is not exempt pursuant to 23.4.5.7.8 and either (i) is in a Class Year on the date the Commission accepts the first ICAP Demand Curve to apply to a Mitigated Capacity Zone or (ii) meets the criteria specified in 23.4.5.7.3(II). An NCZ Examined Project may be at any phase of development or in operation or an Installed Capacity Supplier.For purposes of Section 23.4.5 of this Attachment H, “Net CONE” shall mean the localized levelized embedded costs of a peaking unit in a Mitigated Capacity Zone, net of the likely projected annual Energy and Ancillary Services revenues of such unit, as determined in connection with establishing the Demand Curve for a Mitigated Capacity Zone pursuant to Section 5.14.1.2 of the Services Tariff, or as escalated as specified in Section 23.4.5.7 of Attachment H.

  • Project Land means any parcel or parcels of land on which the project is developed and constructed by a promoter;

  • NOI means Notice of Intent to be covered by this permit.

  • Phase I Environmental Assessment A “Phase I assessment” as described in, and meeting the criteria of, the ASTM, plus a radon and asbestos inspection.

  • Title V operating permit means a permit issued under Chapter 3745-77 of the Administrative Code.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Project Commissioning means the Project will be considered as commissioned if all equipment as per rated project capacity has been installed and energy has flown into grid, in line with the Commissioning procedures defined in the RfS/PPA.

  • Expansion Project has the meaning set forth in Section IV.3.a of this Agreement.

  • Phase 1 means the phase of the ATP comprised of: (1) improvements to the State Street Substation; (2) construction of the Proposed Line; (3) the rebuilding of NYSEG’s existing Lines 971 and 000 xxxxx xx Xxxxxxxx Xxxx xx the NYSEG ROW to allow for construction of the Proposed Line as intended; (4) improvements to the Elbridge Substation to accept the Proposed Line; and (5) National Grid’s conveyance to NYSEG of the NYSEG Acquired ROW and such other land interests as contemplated by the Purchase and Sale Agreement.

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.

  • Disaster recovery project means a project located on property

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

  • Development Project means a project for the development of land within a project area.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Project area budget means a multiyear projection of annual or cumulative

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Sub-project means a specific development project to be carried out by a Beneficiary utilizing the proceeds of a Sub-loan;

  • RFP Project Documents means the following documents to be entered into in respect of the Project, by the parties to the respective agreements:

  • Project Revenues means revenues derived from the service of Project Water to Contractors and others, and from the sale or other disposal of electrical energy generated in connection with operation of Project Facilities.

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

  • Project Revenue means all rents, fees, sales, and payments