Common use of Net Operating Income Clause in Contracts

Net Operating Income. The term "Net Operating Income" shall mean the Gross Income less Operating Expenses (as defined below), determined on a cash basis of accounting except as otherwise provided herein. As used herein, the following terms shall have the respective meanings set forth below:

Net Operating Income. The As used in the Loan Documents, the term "“Net Operating Income" ” shall mean mean, with respect to the Mortgaged Property, for each applicable Calendar Period, the Gross Income less Operating Expenses (as defined below)Expenses, determined on a cash an accrual basis of accounting except as otherwise provided hereinprovided. As used hereinin the Loan Documents, the following terms shall have the respective meanings set forth below:

Net Operating Income. The term "Net Operating Income" shall mean mean, for each applicable Calendar Period, the Gross Income less Operating Expenses (as defined below)Expenses, determined on a cash basis of accounting except as otherwise provided herein. As used herein, the following terms shall have the respective meanings set forth below:.

Net Operating Income. The term "“Net Operating Income" ” shall mean mean, for each applicable Calendar Period, the Gross Income less Operating Expenses (as defined below)Expenses, determined on a cash basis of accounting except as otherwise provided herein. As used herein, the following terms shall have the respective meanings set forth below:.

Net Operating Income. The As used in the Loan Documents, the term "“Net Operating Income" ” shall mean mean, with respect to the Mortgaged Property, for each applicable Calendar Period, the Gross Income less Operating Expenses (as defined below)Expenses, determined on a cash basis of accounting except as otherwise provided hereinprovided. As used hereinin the Loan Documents, the following terms shall have the respective meanings set forth below:

Net Operating Income. The term "“Net Operating Income" ” shall mean mean, for each applicable Calendar Period, the difference of (i) Gross Income less (ii) Operating Expenses (as defined below)Expenses, determined on a cash generally accepted accounting principles basis of accounting except as otherwise provided herein. As used herein, the following terms shall have the respective meanings set forth below:.