Income and Expenses Sample Clauses

Income and Expenses. Income and expenses, including service contracts assumed by Buyer, general and special assessments, and sewer, water and other utility costs pertaining to the Property will be prorated as of the Closing Date on an accrual basis and paid at Closing as a credit or debit adjustment to the Purchase Price. Invoices that are received after Closing for operating expenses incurred on or before the Closing Date and not adjusted at Closing will be prorated between the parties as of the Closing Date, and Seller will pay its share within ten days after receipt of Buyer’s notice of the deficiency.

Income and Expenses. Net Proceeds shall be calculated by deducting from the Gross Revenue (as defined below) realized (or deemed to be realized), such costs and expenses attributable to Exploration, Development, Mining, the marketing of Products and other Operations as would be deductible under generally accepted accounting principles and practices consistently applied, including without limitation: (a) All costs and expenses of replacing, expanding, modifying, altering or changing from time to time the Mining facilities. Costs and expenses of improvements (such as haulage ways or mill facilities) that are also used in connection with workings other than the Properties shall be charged to the Properties only in the proportion that theft use in connection with the Properties bears to their total use; (b) Ad valorem real property and unsecured personal property taxes, and all taxes, other than income taxes, applicable to Mining of the Properties, including without limitation all state mining taxes, sales taxes, severance taxes, license fees and governmental levies of a similar nature; (c) A pro rata portion of (I) the salaries and expenses of employees serving Operations whose time is not allocated directly to such Operations, and (III) the costs of maintaining and operating an office and any necessary sub office and (III) all necessary camps, including housing facilities for employees, used for Operations. The expense of those facilities, less any revenue there from, shall include depreciation or a fair monthly rental in lieu of depreciation of the investment; (d) All expenses incurred relative to the sale of Products, including an allowance for commissions at rates, which are normal and customary in the industry. (e) All amounts payable to the Operator during Mining pursuant to any applicable operating or similar agreement in force with respect thereto; (f) The actual cost of. investment under the Agreement but prior to beginning of Mining, which shall include all expenditures for Exploration and Development of the Properties. (g) Interest on monies borrowed or advanced for costs and expenses, but in no event in excess of the maximum permitted by law; (h) An allowance for reasonable working capital and inventory; (i) Cost of funding environmental compliance; Actual costs of Operations; and (k) Rental, royalty, production and purchase payments.

Income and Expenses. All income and expense with respect to the Seller’s business shall be prorated as of the Closing Date. Any continuing services for which a separate bilx xxrough the Closing Date cannot be obtained shall be prorated as of the Closing Date when received, and if unpaid as of the Closing Date, shall be paid by the appropriate party within fifteen (15) days after reasonable proof of payment of such charge is submitted. The Seller shall pay all obligations of the Company up through the day before the Closing Date.

Income and Expenses. A. All income and expenses of the Properties shall be prorated on a daily basis between the Seller and the Purchaser as of midnight of the date of Closing or such other date as the parties agree in writing (the "Proration Date"). Such items to be prorated shall include, without limitation: (1) Rents and income, if any; (2) Utility charges, if any; (3) Payments under service agreements, if any; (4) Periodic charges or fees assessed by any governmental authority, if any; and B. Any escrow accounts held by any utility companies shall be either paid to the Seller or, if assigned to the Purchaser, Seller shall receive a credit at Closing for any such deposit. C. The Purchaser shall receive income from the Properties attributable to the period after the Proration Date and shall be responsible for all expenses of the Properties attributable to the period after the Proration Date. The Purchaser shall use its best efforts to assist the Seller in collecting all accounts receivable, including accounts receivable for rent, which are attributable to the period up to and including the Proration Date and which remain outstanding on the date of Closing; however, Purchaser shall not be obligated to assist in instituting any lawsuit or to terminate any lease or resident agreement. This subparagraph shall survive Closing. In the event Seller receives any payment from a resident for rent due for any period after 12:01 am on the date of Closing, Seller shall forward such payment to Sunrise. In addition, in the event Seller has received any pre-paid rent or any security deposits from a resident for any period after midnight on the date of Closing, Seller shall forward such pre-paid rent and or security deposits to Purchaser. D. The parties agree that a final list of all food inventory located at Huntcliff and Northshore shall be prepared by Seller as of the date of Closing.

Income and Expenses. Except as set forth in this Section 5.6 “Taxes, Prorations and Closing Costs,” all items of income and expense, including rents and other charges under the Assigned Contracts, in each case, for the period prior to the Closing, will be for the account of Seller or TOPIII, and all items of income and expense, including rents and other charges under the Assigned Contracts, for the period on and after the Closing will be for the account of Purchaser, all as determined by the accrual method of accounting. If either Party actually receives any rents or other charges under the Assigned Contracts that are, in whole or in part, designated as payments for the period credited to the other Party under this Section 5.6(b) “Income and Expenses,” the recipient will, within a reasonable period of time, remit such amounts to the other Party.

Income and Expenses. Net Proceeds shall be calculated by deducting from the Gross Revenue (as defined below) realized (or deemed to be realized), such costs and expenses attributable to Exploration, Development, Mining, the marketing of Products and other Operations as would be deductible under generally accepted accounting principles and practices consistently applied, including without limitation: (a) All costs and expenses of replacing, expanding, modifying, altering or changing from time to time the Mining facilities. Costs and expenses of improvements (such as haulage ways or mill facilities) that are also used in connection with workings other than the Properties shall be charged to the Properties only in the proportion that theft use in connection with the Properties bears to their total use; (b) Ad valorem real property and unsecured personal property taxes, and all taxes, other than income taxes, applicable to Mining of the Properties, including without limitation all state mining taxes, sales taxes, severance taxes, license fees and governmental levies of a similar nature;

Income and Expenses. All other income and expenses of the Property, including, but not limited to such things as restaurant and snack bar income and expenses and the like.

Income and Expenses a. The Operator will be responsible for collecting all Operating Income for the Premises, and the Operator will be responsible for paying out of such Operating Income all Operating Expenses. Such Operating Expenses will include, but are not limited to, the following: i. the insurance required by the Lease; ii. sewer, water and garbage and recycling pickup; iii. Utilities; iv. staffing costs; v. funding the Capital Maintenance Reserve; vi. maintenance and repair of the structure, including the roof, roof membrane, bearing walls, foundations and floors of the buildings in the Premises, and seismic upgrades; vii. maintenance and repair of the exterior of the buildings in the Premises; viii. maintenance, repair and replacement of the fire alarm and safety systems; ix. maintenance, repair and replacement of the heating, hot water, plumbing, electrical, sanitary and storm drainage systems; x. maintenance, repair and replacement of capital items such as stoves, refrigerators, drapes, blinds, floor coverings, hot water tanks, washers, dryers and common area furniture and equipment; xi. maintenance, repair and replacement of other capital items; xii. maintenance and repair of all other components and parts of the Premises; xiii. carpet cleaning, fumigation and pest control; xiv. Realty Taxes and amounts payable in lieu of Realty Taxes pursuant to the Lease; xv. administration costs, including accounting and legal fees; and xvi. all equipment, materials and supplies required to perform any of the foregoing. b. The Operator will ensure payments are made to contracted service providers within pre-established payment periods. Any fines, penalties, surcharges, incurred by the Operator or by the City as an expense related to Operator error or negligence will be the responsibility of the Operator. c. The Operator may generate revenue from sources such laundry machines. Income generating opportunities will be reflected in the annual Operating Budget. The City reserves the right to review income generating opportunities in terms of impact on resident service, feasibility of the physical plant etc.

Income and Expenses. Income from the Property, other than Rent (as defined below), and ordinary operating expenses incurred by Seller with respect to the Property shall be prorated between Seller and Purchaser as of the Closing Date. Such expenses include, without limitation, utility charges, the cost of Contracts assigned at Closing to Purchaser, and sewer, janitorial, cleaning and maintenance costs. Any income or expense which cannot be ascertained with certainty as of the Closing Date shall be prorated on the basis of the parties’ reasonable estimates of such amounts and shall be the subject of a final proration as soon thereafter as the precise amounts can be ascertained, but in no event later than sixty (60) days after the Closing. Seller and Purchaser shall each cooperate with the other diligently and promptly to correct any errors in computations or estimates under this Section 4(e) and shall promptly pay to the party entitled thereto any refund, credit or other payment necessary to comply with this Section 4(e) on demand therefor. Purchaser shall endeavor to cause all utilities to be placed in the name of Purchaser as of the Closing Date. All utility services shall be prorated at Closing between Seller and Purchaser. The parties shall use commercially reasonable efforts to obtain readings for all utilities as of the Closing Date. If readings cannot be obtained as of the Closing Date, the cost of such utilities shall be prorated between Seller and Purchaser by estimating such cost on the basis of the most recent xxxx for such service; provided, however, that after the Closing, the parties shall reprorate the amount for such utilities and pay any deficiency in the original proration to the other party promptly upon receipt of the actual xxxx for the relevant billing period.

Income and Expenses. Categorized according to Monthly Income and Expense Statement (Form 65) Income and Expenses can be entered using quick entry screen or via the estate detail screens. Calculates Surplus Income (OSB Directive 11R) Track monthly cash flow by period. Monthly Income Pay cheque calculator, and small business calculator from gross to net business income based on the CCRA form T2124 Create budget sheets receipts schedule for the estate. Monthly Income/Expense overview.