Property Revenues definition

Property Revenues means all revenues and income of any kind derived directly or indirectly from the Property, whether on a cash basis or on credit, paid or unpaid, collected or uncollected, determined in accordance with generally accepted accounting principles on an accrual basis (except as to percentage rent payments made by tenants under Tenant Leases, which shall be determined on a cash basis), including all minimum and percentage rent payments made by tenants under Tenant Leases and all revenues and income from the Property’s parking facilities.
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Property Revenues means all income, revenues, profits, ----------------- distributions and funds from any source whatsoever which derive directly or indirectly from the Project.
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Property Revenues means, with respect to any applicable time period for any Real Property Asset, the base rent, expense reimbursement and other recurring rental income received during such period (other than prepaid rents and revenues and security deposits except to the extent applied in satisfaction of tenants’ obligations for rent).
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Examples of Property Revenues in a sentence

  • Manager shall pay when and as the same are due and payable, in the name and on behalf of Owner, in such installments as are permitted by law, all real estate taxes, general excise taxes (if any), gross income taxes, withholding and payroll taxes, personal property taxes and betterment assessments levied or assessed on or against the Property or any portion thereof or Property Revenues therefrom for any fiscal period of the taxing authority, all or any part of which period is included in the Term.

  • Manager shall be permitted to utilize Property Revenues to fund its liability and obligation to indemnify Manager's Indemnities under this Section 10(a)(ii) hereof.

  • Subject to this Agreement, Manager, as agent of Owner and for the sole benefit of Owner, shall have possession and control of the Property Revenues and all other funds utilized in the Property’s operation.

  • Manager agrees to assist Owner in any contest pertaining to the validity or the amount of any tax or assessment relating to the Property; provided, however that all costs and expenses of such contest incurred by Manager shall be a Property Expense, and if the Property Revenues are insufficient to pay for such costs and expenses, then Owner shall pay for the same out of Owner’s own funds.

  • Manager shall pay all amounts owing by Owner under the Loan Documents as set forth in Exhibit C attached hereto, in a timely manner out of Property Revenues or, if such Property Revenues are insufficient to pay all such amounts, out of funds provided by Owner.

  • Any revenues, however, which are not Class A Property Revenues or Class C Property Revenues shall be Class B Property Revenues.

  • Additionally, within 30 days after the end of each Fiscal Quarter (including year-end), Tenant shall deliver to Landlord a quarterly report shall be accompanied by a report of Tenant detailing, for such Fiscal Quarter, (i) the deposits into, withdrawals from and balances in the FF&E Account, (ii) the Property Revenues, (iii) the Pooled Properties EBITDAR, and (iv) the number of memberships at the Property.

  • Similarly, for the avoidance of doubt, the Members shall use all reasonable efforts to determine which revenues of the Company should be categorized as Class A Property Revenues, Class B Property Revenues and Class C Property Revenues.

  • Dedicated Property Revenues for such taxable period shall be specially allocated 71.5072% to Tejas Holding and 28.4928% to Leviathan Holding until the aggregate allocations to the Members pursuant to this Section 5.1(j) for the current and all prior taxable periods equals one hundred percent (100%) of the Special Revenue Allocation Amount.

  • Certain Property Revenues may be deposited into the Central Account so long as (x) at all times Borrower’s Share (as defined below) of the funds in the Central Account can readily be individually identified for accounting purposes as assets of Borrower and (y) Certain Property Revenues deposited into the Central Account shall only be used or disbursed for purposes of disbursements or distributions made by or on behalf of Borrower or the Property, and not for any other purpose (“1901 Market Disbursements”).


More Definitions of Property Revenues

Property Revenues means, when used with respect to any Mortgaged Property, cash rents and other cash revenues receivable in the ordinary course therefrom, including lease termination fees amortized over the remaining term of the lease for which such termination fee was received (other than the paid rents and revenues and security deposits except to the extent applied in satisfaction of tenants' obligations for rent), but excluding rent that is more than sixty (60) days in arrears.
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Property Revenues means, with respect to the Property, for any period, as determined by the General Partner, the sum of (i) all receipts (other than receipts included as Capital Transaction Proceeds as determined by the General Partner) received with respect to the Property, including rents and other operating revenues, (ii) any incentive, financing, break-up and other fees paid by third parties to the Partnership in respect of the Property (iii) any reserves previously set aside from items (i) and (ii) above pursuant to clause (vi) of the definition of Property Available Revenues which the General Partner determines are available for distribution by the Partnership, and (iv) any other amounts (other than receipts included within Capital Transaction Proceeds as determined by the General Partner) received by the Partnership, , which are allocated to the Property by the General Partner.
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Property Revenues means (i) the gross proceeds from Special Purpose LLC's operation of the Property (excluding sale or other disposition or refinancings of the Property) less (ii) any portion thereof used to pay (a) all reasonable and customary costs and expenses of unrelated third party accountants, attorneys, brokers, consultants, engineers, environmental consultants, contractors, subcontractors or managers (including third party management fees) retained by on or behalf of Special Purpose LLC in connection with Special Purpose LLC's ownership, leasing, operating, repairing, maintaining and managing of the Property, (b) real estate taxes, insurance premiums, utility charges, costs of lease enforcement and rent collection, brokerage commissions applicable to the period in question, maintenance expenses, costs of repairs (including replacement costs that may be expensed under generally accepted accounting principles during the period when made), (c) capital improvements and replacements, (d) payments of interest and principal made in respect of the First Mortgage Loan, (e) reasonable reserves for the expenses contemplated by clauses (a) through (d) above and for contingencies, as such reserves are calculated by the member of Special Purpose LLC or the Asset Manager, (f) any management fees or acquisition fees paid by Special Purpose LLC to its managing member or to the Manager or to the Asset Manager, and (g) indemnities and other extraordinary payments made pursuant to the Special Purpose LLC's Operating Agreement.
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Property Revenues means all receipts and revenues generated by or in connection with the Property, including, without limitation, rents, sales proceeds, interest income, insurance proceeds, condemnation awards and payments received from interest rate hedging or similar agreements. Property Revenues includes net sale revenues (i.e., not less than 92% of the gross sale revenues) from condo units and net sale proceeds (i.e., not less than 92% of the gross sale revenues) or re-financing net proceeds from hotel, office and ▇▇▇▇▇▇▇ building but excludes any management fees paid by the City to ▇▇▇▇▇▇▇ for the management and operation of the Offsite Parking Garage.
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Property Revenues means all income, revenues, profits, distributions and any ancillary revenues derived directly from a given Project.
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Related to Property Revenues

  • Project Revenues means all rates, rents, fees, assessments, charges, and other receipts derived or to be derived by a qualified borrower from a qualified project or made available from a special source, and, as provided in the applicable financing agreement, derived from any system of which the qualified project is a part of, from any other revenue producing facility under the ownership or control of the qualified borrower including, without limitation, proceeds of grants, gifts, appropriations and loans, including the proceeds of loans made by the bank, investment earnings, reserves for capital and current expenses, proceeds of insurance or condemnation and proceeds from the sale or other disposition of property and from any other special source as may be provided by the qualified borrower.

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • CAISO Revenues means the credits, fees, payments, revenues, interest or similar benefits, including imbalance energy payments, that are directly assigned by the CAISO to the CAISO Global Resource ID for the Generating Facility for, or attributable to, Scheduling or deliveries from the Generating Facility under this Agreement.

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

  • 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):