Operating Proforma Sample Clauses

The Operating Proforma clause defines the projected financial performance and operating assumptions for a property or business over a specified period. It typically outlines expected revenues, expenses, and net operating income, serving as a benchmark for evaluating actual performance against initial forecasts. This clause is crucial for setting financial expectations, guiding decision-making, and providing a basis for performance measurement, thereby ensuring transparency and accountability between parties.
Operating Proforma. Attached hereto as Exhibit "D" and incorporated herein by this reference is the Operating Proforma. Owner acknowledges and represents that the attached Operating Proforma has been reviewed by and approved by the Construction Lender, the Mortgage lender and any governmental authorities if applicable.
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Operating Proforma. Attached hereto as Exhibit "B" and incorporated herein by this reference is the Operating Proforma. The Limited Partner and the Special Limited Partner underwrote the subject transaction at a 1.15
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Operating Proforma. Attached hereto as Exhibit "E" and incorporated herein by this reference is the Operating Proforma. Owner acknowledges and represents that the attached Operating Proforma has been reviewed by and approved by the Construction Lender, the Mortgage lender and any governmental authorities if applicable.
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Operating Proforma. Attached hereto as Exhibit "C" and incorporated herein by this reference is the Operating Proforma. The Limited Partner underwrote the subject transaction at a 1.15 Debt Service Coverage. Notwithstanding, in the event the Net Operating Income does not produce a 1.15 Debt Service Coverage as determined by the Limited Partner then at the request of the Limited Partner the General Partner shall reduce and/or refinance the principal of the Mortgage to an amount the Limited Partner determines is adequate to produce a 1.15
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Operating Proforma. Attached hereto as Exhibit "C" and incorporated herein by this reference is the Operating Proforma. The Limited Partner and the SLP Class A underwrote the subject transaction at a 1.15
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Operating Proforma. Attached hereto as Exhibit "C" and incorporated herein by this reference are the Operating Proformas for Autumn Ridge, Pontiac and ▇▇▇▇▇▇▇. The Limited Partner and the Special Limited Partner underwrote the subject transaction at a 1.15
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Related to Operating Proforma

  • Variances From Operating Budget Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

  • Budget 1. The Grantee budget for grant activities for the 2023 Summer Program and State fiscal year 2024 is $ 1,000,267. Any funds received under this grant will not be used to supplant funds normally budgeted for programs or service of the same or similar type. 2. The Grantee may transfer funds among its administrative budget line items as required to carry out the purposes of the grant. Transfer of funds within specified budget categories do not require approval from OSHE (i.e. moving funds from one counselor position to pay for another), however, any transfer of funds from one category to another will require prior approval from OSHE and will be treated as a modification to the program’s contract Attachment. 3. Any request for a budget modification must be in writing and must include a revised budget. All budget revisions and modifications must be in accordance with the EOF Regulations, Section N.J.A.C. 9A:11-6.11. The Grantee will be liable for all unapproved debts.

  • Projected Operating Budget Furnish Agent, no later than thirty (30) days prior to the beginning of Borrower’s fiscal years commencing with fiscal year 2010, a month by month projected operating budget and cash flow of Borrower on a condolidated and consolidating basis for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

  • Annual Operating Budget and Financial Projections Within sixty (60) days after the end of each fiscal year of Borrower Representative (and promptly and within five (5) days of any material modification thereto), an annual operating budgets, on a consolidating basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower Representative, as approved by Borrower Representative’s Board, together with any related business forecasts used in the preparation of such annual financial projections.

  • Net Operating Income For any Real Estate and for a given period, an amount equal to the sum of (a) the rents, common area reimbursements, and service and other income for such Real Estate for such period received in the ordinary course of business from tenants or licensees in occupancy paying rent (excluding pre-paid rents and revenues and security deposits except to the extent applied in satisfaction of tenants’ or licensees’ obligations for rent and any non-recurring fees, charges or amounts including, without limitation, set-up fees and termination fees) minus (b) all expenses paid or accrued and related to the ownership, operation or maintenance of such Real Estate for such period, including, but not limited to, taxes, assessments and the like, insurance, utilities, payroll costs, maintenance, repair and landscaping expenses, marketing expenses, and general and administrative expenses (including an appropriate allocation for legal, accounting, advertising, marketing and other expenses incurred in connection with such Real Estate, but specifically excluding general overhead expenses of REIT and its Subsidiaries, any property management fees and non recurring charges), minus (c) the greater of (i) actual property management expenses of such Real Estate, or (ii) an amount equal to three percent (3.0%) of the gross revenues from such Real Estate excluding straight line leveling adjustments required under GAAP and amortization of intangibles pursuant to FAS 141R, minus (d) all rents, common area reimbursements and other income for such Real Estate received from tenants or licensees in default of payment or other material obligations under their lease, or with respect to leases as to which the tenant or licensee or any guarantor thereunder is subject to any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution, liquidation or similar debtor relief proceeding.