Projected Operating Expenses definition

Projected Operating Expenses means the anticipated operating expenses of the Borrower for the applicable year as shown in the relevant Project Budget Statement.

Projected Operating Expenses means the amount of Operating Expenses projected to be incurred in each financial year as set out in the Transaction Documents.

Projected Operating Expenses means, for the period in question, an amount equal to the sum of all cash operating expenses projected to be expended by the Company for such period including, without limitation, for (a) utilities, (b) maintenance and repairs, (c) administrative costs (excluding the UST Administrative Fee and administrative costs not associated with the operation of the Property, such as Company accounting and tax preparation fees), (d) management fees, (e) cleaning, (f) security, (g) insurance and (h) real estate taxes, personal property taxes and sales taxes. Project Expenses shall be calculated without any deductions for debt service (including interest), depreciation, amortization or other non-cash expenses and any capitalized expenditure (as determined in accordance with generally accepted accounting principles).

Examples of Projected Operating Expenses in a sentence

An external OpenFlow controller could be configured on each of the Open VSwitches using the ovs-vsctl utility.
If the actual Operating Expenses are less than the Projected Operating Expenses, then Tenant shall receive a credit against future Operating Expenses payments equal to the difference; provided, that in the case of an overpayment for the final lease year of the Term, Landlord shall credit the difference against any sums due from Tenant to Landlord in accordance with the terms of this Lease; and if no sums are due and unpaid, shall promptly refund the amount to Tenant.
If the actual Operating Expenses are more than the Projected Operating Expenses then Tenant shall pay Landlord, within ten (10) days of receipt of a xxxx therefor, the difference.
If the actual Operating Expenses are less than the Projected Operating Expenses, then Tenant shall receive a credit against future Operating Expenses payments equal to the difference; provided, that in the case of an overpayment for the final lease year of the Term, Landlord shall credit the difference against any sums due from Tenant to Landlord in accordance with the terms of this Lease; and if no sums are due and unpaid, shall promptly refund the net amount to Tenant.
Once the demand of the location i0 is fulfilled, if the vehicle does not have excess capacity, trip is terminated and returned to the depot.

Projected Operating Expenses means the amount of the Projected Amount of Operating Expenses for the upcoming Operational Year.

Projected Operating Expenses means the anticipated Operating Expenses of the Borrower for the applicable year, such costs to be reviewed and agreed annually between the Borrower and the Facility Agent (acting on the instructions of the Majority Lenders) in accordance with clause 24.5(a) (

Projected Operating Expenses means the projected operating expenses per annum set forth in the Appraisal dated [ ] approved by Bondowner Representative as a condition to the issuance of the Bonds (increased on an annual basis beginning on the first anniversary of the Conversion Date, by [ ]%), plus actual costs of utilities, insurance and Impositions (provided Impositions constituting real property taxes are based on the full assessed value of the Project following completion of construction and equipping of the Improvements as contemplated by this Loan Agreement and provided further that if the actual amount of real property taxes reflects a full or partial abatement or exemption, such abatement or exemption shall have been approved by Servicer), plus all required deposits into the Replacement Reserve Fund and Operating Reserve Fund.

Projected Operating Expenses means the Landlord's estimate (which in any event must be reasonable in the light of past experience) of Operating Expenses for a particular Subsequent Year.

Projected Operating Expenses means $834,504.00 per annum (increased on an annual basis beginning _______________ 1, 20___, by 3.5%), [plus actual costs of utilities, insurance and Impositions (provided Impositions constituting real property taxes are based on the full assessed value of the Project following completion of rehabilitation and equipping of the Improvements as contemplated by this Loan Agreement and provided further that if the actual amount of real property taxes reflects a full or partial abatement or exemption, such abatement or exemption shall have been approved by Bondowner Representative), plus all required deposits into the Replacement Reserve Fund [and Operating Reserve Fund].

Projected Operating Expenses means all costs and expenses estimated by the Lender to be incurred by the Borrower in connection with the Property for such period, including without limitation, a management fee for the Property equal to not less than three percent (3%) of gross rents, plus an adjustment, if determined to be necessary by the Lender, to reflect costs and expenses not historically paid by the Borrower but which would customarily be paid by owners of similar properties in like locations. The term "Debt Service" shall mean the annual principal and interest payments required to fully amortize the Loan in equal monthly installments of principal and interest based on a 20 year mortgage amortization schedule computed at a hypothetical fixed interest rate equal to the greater of (i) 250 basis points per annum in excess of the then current rate on 7 year United States Treasury Notes, as reported in the Federal Reserve Statistical Release H.15(519) (the "Release") for December 31, 1998 or if such day is not a business day, then for the first immediately preceding day for which the Release reports such rate, or (ii) nine percent (9%) per annum.

Projected Operating Expenses means $ per annum (increased on an annual basis beginning [December 1, 2013], by %), plus actual costs of utilities, insurance and Impositions (provided Impositions constituting real property taxes are based on the full assessed value of the Project following completion of construction and equipping of the Improvements as contemplated by this Loan Agreement and provided further that if the actual amount of real property taxes reflects a full or partial abatement or exemption other than the exemption provided for under Section 214(g) of the California Revenue and Taxation Code, such abatement or exemption shall have been approved by Servicer), plus all required deposits into the Replacement Reserve Fund and Operating Reserve Fund.