Residual Receipts means for each calendar year, the amount by which Gross Revenue exceeds Annual Operating Expenses.
Residual Receipts means certain funds held by a Non-Profit Borrower which are restricted in their use by this Agreement and Program Obligations, and otherwise described in Section 17.
Residual Receipts means certain funds held by a Non-Profit Borrower which are restricted in their use by Program Obligations.
Examples of Residual Receipts in a sentence
All calculations of Residual Receipts shall be subject to verification and approval by the Housing Authority.
More Definitions of Residual Receipts
Residual Receipts has the meaning specified in the HUD Regulatory Agreement.
Residual Receipts means any cash remaining at the end of a calendar year after deducting from Surplus Cash:
Residual Receipts means for each Budget Year, the amount by which Gross Revenues exceed the sum of (a) Approved Operating Expenses, (b) Senior Debt Service Payments, (b) the VHDA Monitoring Fee, (c) the Investor Member Asset Management Fee, (e) the WHDC Asset Management Fee, (f) the WHDC Property Management Fee, and (g) payments into the Replacement Reserve. Residual Receipts shall also include Net Proceeds resulting from any Capital Transaction.
Residual Receipts means Annual Project Revenue less the sum of:
Residual Receipts means (a) the Gross Revenue minus (b) the Operating Expenses, calculated on a 12-month basis, minus (c) the outstanding balance, if any, of the Deferred Developer Fee. All calculations of Residual Receipts shall be subject to verification and approval by the Agency Executive Director.
Residual Receipts means certain funds which are restricted in their use by Program Obligations and applicable business documents (e.g., HAP Contract, Use Agreement) as may be more specifically described in a Residual Receipts Rider attached hereto.
Residual Receipts means certain funds held by certain Non-Profit, and Public Body Borrowers which are restricted in their use by Program Obligations.