Net Income. For any period, the total revenues applicable to such period, less the total expenses applicable to such period excluding additions to reserves for depreciation, amortization, bad debt or other similar non-cash reserves; provided, however, Net Income for purposes of calculating total allowable Operating Expenses (as defined herein) shall exclude the gain from the sale of the Company’s assets.
Appears in 15 contracts
Samples: Advisory Agreement (Griffin-American Healthcare REIT IV, Inc.), Form of Advisory Agreement (Griffin-American Healthcare REIT IV, Inc.), Form of Advisory Agreement (Griffin-American Healthcare REIT IV, Inc.)
Net Income. For any period, the total revenues applicable to such period, less the total expenses applicable to such period excluding additions to reserves for depreciation, amortization, bad debt debts or other similar non-cash reserves; provided, however, Net Income for purposes of calculating total allowable Operating Expenses (as defined herein) shall exclude the gain from the sale of the Company’s assets.
Appears in 11 contracts
Samples: Advisory Agreement (CNL Lifestyle Properties Inc), Advisory Agreement (CNL Lifestyle Properties Inc), Advisory Agreement (Wells Real Estate Investment Trust Ii Inc)
Net Income. For any period, the Company’s total revenues applicable to such period, less the total expenses applicable to such period excluding other than additions to reserves for depreciation, amortization, bad debt debts or other similar non-cash reserves; providedreserves and excluding any gain from the sale of the Assets. If the Advisor is paid a Subordinated Incentive Listing Fee, however, “Net Income Income” for purposes of calculating total allowable Total Operating Expenses (as defined herein) Expenses, shall exclude the gain from the sale Sale of the Company’s assetsany Assets.
Appears in 6 contracts
Samples: Third Amended and Restated Advisory Agreement (Carter Validus Mission Critical REIT, Inc.), Third Amended and Restated Advisory Agreement (Carter Validus Mission Critical REIT II, Inc.), And Restated Advisory Agreement (Carter Validus Mission Critical REIT II, Inc.)
Net Income. For any period, the Company’s total revenues applicable to such period, less the total expenses applicable to such period excluding other than additions to reserves for depreciation, amortization, bad debt debts or other similar non-cash reserves; providedreserves and excluding any gain from the sale of the Assets. If the Advisor is paid a Subordinated Incentive Listing Distribution, however, “Net Income Income” for purposes of calculating total allowable Operating Expenses (as defined herein) Expenses, shall exclude the gain from the sale Sale of the Company’s assetsany Assets.
Appears in 5 contracts
Samples: Form of Advisory Agreement (NexPoint Hospitality Trust, Inc.), Advisory Agreement (Nexpoint Multifamily Realty Trust, Inc.), Form of Advisory Agreement (Nexpoint Multifamily Realty Trust, Inc.)
Net Income. For any period, the total revenues applicable to such period, less the total expenses applicable to such period excluding additions to reserves for depreciation, amortization, bad debt debts or other similar non-cash reserves; provided, however, Net Income for purposes of calculating total allowable Operating Expenses (as defined herein) shall exclude the gain from the sale of the Company’s assets.
Appears in 2 contracts
Samples: Advisory Agreement (Grubb & Ellis Healthcare REIT II, Inc.), Form of Advisory Agreement (Grubb & Ellis Healthcare REIT II, Inc.)
Net Income. For any period, the total revenues applicable to such period, less the total expenses applicable to such period excluding additions to reserves for depreciation, amortizationdepletion, bad debt debts or other similar non-cash reserves; provided, however, Net Income for purposes of calculating total allowable Operating Expenses (as defined herein) shall exclude the gain from the sale of the Company’s assets.
Appears in 1 contract
Samples: Advisory Agreement (Wells Timber Real Estate Investment Trust, Inc.)
