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 the anticipated operating expenses of the Borrower for the applicable year as shown in the relevant Project Budget Statement.
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
The bases for the original bids of the concessionaires such as capital Expenditures, Revenues, Interest Payments and Projected Operating Expenses are revisited, examined and revalidated in order to determine whether the tariff rates being charged are still sufficient to earn a reasonable rate of return.
Special Instructions All line items (except the Total Operating Expenses lines) in Form A-21 (Schedule of Actual and Projected Operating Expenses) for which the current to next year percent change exceeds 15 percent must be listed on Form A-21S, along with the line item number and proposed percent increase from Form A-21 and an explanation of the reason or need for the increase.
Refer to A-21 (Schedule of Actual and Projected Operating Expenses) for the list of line items in the operating budget, their respective totals for the current and ensuing fiscal years, and the percent change from the projected current year total to the estimated total for the ensuing fiscal year.
Projected Operating Expenses include additional adjustments as presented in Figure 6 on the following pages.
In case the Customer obtains Assistance Service without the prior approval of the Operations Center, no refund for any expense or cost incurred shall be due to the Customer, and all such expenses or costs shall be at his/her charge.
More Definitions of Projected Operating Expenses
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 $ per annum (increased on an annual basis beginning 1, 20 , 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] [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 Servicer), plus all required deposits into the Replacement Reserve Fund [and Operating Reserve Fund].
Projected Operating Expenses for any Property, means all costs and expenses projected to be incurred by the applicable Property Owning Entity in connection with the operation, maintenance and management of such Property for the period in question, including costs and expenses for utilities, repairs and maintenance, property taxes and assessments, insurance premiums, and rent under any ground, master or other underlying lease; provided, however, that the term “Projected Operating Expenses” does not include (i) any such costs or expenses that are to be paid directly by any tenants of such Property to third parties or reimbursed to the applicable Property Owning Entity by such tenants, (ii) Capital Expenditures, or (iii) depreciation, amortization, non-cash or non-recurring expenses; provided further, however, that, with respect to any period in which the Quantum Percentage Ownership Interest for a Quantum Property is less than 100%, the “Projected Operating Expenses” for such Quantum Property for such period shall mean only the applicable Quantum Percentage Ownership Interest of the foregoing projected costs and expenses with respect to such Quantum Property for such period.
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.
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.