Property Operating Statement definition

Property Operating Statement means the monthly statement, in the form of Exhibit C, or another form mutually acceptable to Borrower and Lender (but containing at a minimum the same requested information) to be prepared and delivered by Borrower to Lender pursuant to Section 2.6.
Sample 1Sample 2
Property Operating Statement or “POS” means a monthly statement substantially in the form of Exhibit L, and prepared by Borrower in accordance with Section 5.6(d).
Sample 1
Property Operating Statement means the monthly statement, in the form of Exhibit "C," or another form mutually acceptable to Borrower and Lender (but containing at a minimum the same requested information) to be prepared and delivered by Borrower to Lender pursuant to Section 2.6.
Sample 1

Examples of Property Operating Statement in a sentence

  • The first Property Operating Statement shall be delivered no later than May 31, 2006; provided, however, that this first Property Operating Statement shall cover the period from Closing through and including May 31, 2006.

  • The Property Operating Statement contains pre- and post-restructuring revenue and expenses financial data (REMS read-only displays, PAE User entries, or system-calculated).

  • Refer to Section 7.2.3, Property Operating Statement to note the content of this screen.

  • Net Revenue shall be calculated by Lender based on the Property Operating Statement.

  • Such Property Operating Statement shall detail Borrower's Gross Receipts and Expenses with respect to the current month the Property Operating Statement is due and for any other such amounts relating to any preceding months that were not previously accounted for in a Property Operating Statement.

  • Third, $5,000 to Lender as the Administration Fee (other than the initial Administration Fee) to the extent such fee accrues in the current month the Property Operating Statement is due.

  • Borrower shall prepare and deliver the Property Operating Statement to Lender once per month, as soon as practical and in any event no later than the last Business Day of each month.

  • It contains links to the following subsections: ♦ Property & Loan Information Term Sheet♦ Property Operating Statement♦ Refinancing Sheet♦ Print the Entire Form 10.2♦ Submit Restructuring Plan to OAHP Figure 7-15, Form 10.2 Rent Reduction Only There are two major categories of data entry that will be used to populate a property’s Rent Reduction Only Restructuring Plan Form 10.2: ♦ Property & Loan Information Term Sheet♦ Property Operating Statement.

  • The Property Operating Statement consists of the following subsections: ♦ Property & Loan Information♦ Annual Revenue♦ Annual Expenses♦ Net Operating Income Figure 7-12, Property Operating Statement, provides a representation of an operating statement data entry screen for a specific property.

  • Figure 7-16, Form 10.2 Property Operating Statement, provides a representation of an operating statement data entry screen for a specific property.


More Definitions of Property Operating Statement

Property Operating Statement means a monthly statement substantially in the form of Exhibit F, to be prepared and delivered by Empire USA to Lender in accordance with Section 2.7(b).
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Property Operating Statement refers to the GAAP monthly and quarterly statement of net income and loss for a Property prepared by ALC.
Sample 1
Property Operating Statement means a monthly statement substantially in the form Exhibit D, to be prepared and delivered by Borrower to the Administrative Agent in accordance with Section 5.1.
Sample 1
Property Operating Statement means the monthly statement, in the form attached hereto as EXHIBIT C, to be prepared and delivered by the Borrower to the Lender, pursuant to SECTION 2.6 hereof.
Sample 1
Property Operating Statement means the monthly statement, in the form annexed hereto as Exhibit 5, to be delivered by Borrower to Lender, pursuant to Section 2.6 hereof, which details Borrower's Crude Oil and Natural Gas production, revenue and Lease Operating Expenses, and any other income or expenses with respect to each Property for the purpose of determining the Net Revenue.
Sample 1

Related to Property Operating Statement

  • Operating Statement shall have the meaning set forth in Section 27.1 hereof.

  • Accounting Statement means for each financial year, the following statements, namely-

  • Environmental impact statement means a detailed written statement as required by section 102(2)(C) of the Act.

  • Listing Statement means the listing statement of the Acquiror in accordance with requirements of the CSE in respect of the Transaction;

  • Billing Statement means the billing statement for your Account.

  • Post-Closing Statement has the meaning set forth in Section 3.3(c).

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Originating state means a state (and the subdivision thereof, if any) whose determination that certain educational personnel are qualified to be employed for specific duties in schools is acceptable in accordance with the terms of a contract made pursuant to article 3.

  • E-Statement means an electronic version of daily confirms, monthly, quarterly or annual statements, and shareholder tax statements created with investor transaction data housed on DST’s TA2000® mutual fund record keeping system, with images available online via a secure web site.

  • Filing Statement means all UCC financing statements or other similar financing statements and UCC (Form UCC-3) termination statements required pursuant to the Loan Documents.

  • Property Owners association" or "association" means an incorporated or unincorporated entity upon

  • Closing Statement has the meaning set forth in Section 2.5(a).

  • Current state fiscal year means the state fiscal year for which a particular calculation is made.

  • Phase I Report means, with respect to any Facility, a report that (i) conforms to the ASTM Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process, E 1527, (ii) was conducted no more than six months prior to the date such report is required to be delivered hereunder, by one or more environmental consulting firms reasonably satisfactory to Administrative Agent, (iii) includes an assessment of asbestos-containing materials at such Facility, (iv) is accompanied by (a) an estimate of the reasonable worst-case cost of investigating and remediating any Hazardous Materials Activity identified in the Phase I Report as giving rise to an actual or potential material violation of any Environmental Law or as presenting a material risk of giving rise to a material Environmental Claim, and (b) a current compliance audit setting forth an assessment of Holdings’, its Subsidiaries’ and such Facility’s current and past compliance with Environmental Laws and an estimate of the cost of rectifying any non-compliance with current Environmental Laws identified therein and the cost of compliance with reasonably anticipated future Environmental Laws identified therein.

  • Estimated Closing Statement has the meaning set forth in Section 2.4(a).

  • Financing Statement means a record or records composed of an initial financing statement and any filed record relating to the initial financing statement.

  • Initiating state means a state in which a proceeding pursuant to this or a substantially similar reciprocal law is commenced.

  • Hotel Property for any hotel means the Real Property and the Personal Property for such hotel.

  • UCC Financing Statement A financing statement filed, or to be filed, pursuant to the UCC.

  • generating station or “station” means any station for generating electricity, including any building and plant with step-up transformer, switch yard, switch-gear, cables or other appurtenant equipment, if any used for that purpose and the site thereof, a site intended to be used for a generating station, and any building used for housing the operating staff of a generating station, and where electricity is generated by water-power, includes penstocks, head and tail works, main and regulating reservoirs, dams and other hydraulic works, but does not in any case include any sub-station;

  • Environmental Assessment means an assessment of the presence, storage or release of any hazardous or toxic substance, pollutant or contaminant with respect to the collateral securing a Shared-Loss Loan that has been fully or partially charged off.

  • Pre-Closing Statement has the meaning set forth in Section 2.4(a).