Annual Operating definition

Annual Operating. Costs shall mean all expenses, costs and disbursements (including Taxes, as hereinafter defined) of every kind and nature which Landlord shall pay, incur or become obligated to pay in respect of a calendar year because of or in any way connected with the ownership, leasing, management, maintenance, insuring repair and operation of the Property, including a charge of twenty percent (20%) of all of the foregoing costs and expenses to cover Landlord's administrative and overhead costs, and excepting there from the following:
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Annual Operating. Plan shall have the meaning ascribed to such term in Section 2.12.
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Annual Operating. Statement shall have the meaning set forth in Section 9.01. Base Management Fee shall have the meaning set forth in Section 6.01 A. Building Estimate shall have the meaning set forth in Section 8.03 A. Code shall have the meaning set forth in Section 1.04. Consumer Price Index shall mean the Consumer Price Index for All Urban Consumers (CPI-U) (U.S. City Average), as published by the Bureau of Labor Statistics, Department of Labor, or if such index is no longer published, the “Consumer Price Index” shall then refer to such comparable statistics on changes in the cost of living for urban consumers as such may be computed and published by an agency of the United States or by a responsible financial periodical of recognized authority as mutually agreed upon by the parties. Deductions shall have the meaning set forth in the definition of “Operating Profit.” Default shall have the meaning set forth in Section 16.01.
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Examples of Annual Operating in a sentence

  • The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.

  • If the annualized Fund Operating Expenses for any month of a Fund exceed the Maximum Annual Operating Expense Limit of such Fund, the Adviser shall first waive or reduce its investment advisory fee for such month by an amount sufficient to reduce the annualized Fund Operating Expenses to an amount no higher than the Maximum Annual Operating Expense Limit.

  • If the annualized Fund Operating Expenses of a Fund for any month are less than the Maximum Annual Operating Expense Limit of such Fund, such Fund shall accrue into its net asset value an amount payable to the Adviser sufficient to increase the annualized Fund Operating Expenses of that Fund to an amount no greater than the Maximum Annual Operating Expense Limit of that Fund, provided that such amount paid to the Adviser will in no event exceed the total Reimbursement Amount.

  • The Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus.

  • The Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus.

  • That Maximum Annual Operating Expense Limit for each Fund contemplates that certain expenses for each Fund may be paid through the use of all or a portion of brokerage commissions (or markups or markdowns) generated by that Fund.

  • To the extent any reimbursement is made pursuant to this Section 2.a., such reimbursement shall not cause the Fund Operating Expenses to exceed the Maximum Annual Operating Expense Limit that was in place at the time the Adviser waived or reduced its advisory fees or reimburse other expenses of the Fund.

  • An adjustment for payments made during any fiscal year of the Fund shall be made on or before the last day of the first month following such fiscal year of the Fund if the Annual Operating Expenses for such fiscal year (i) do not exceed the State Expense Limitation or (ii) for such fiscal year there is no applicable State Expense Limit.

  • Charter School shall adhere to the provisions of the Charter School Annual Operating Budgets.


More Definitions of Annual Operating

Annual Operating. Budget shall mean the document prepared by ASM GLOBAL in a form approved by the City’s Contract Administrator and approved by the City Council of the City of Lincoln corresponding to the City’s fiscal year (which fiscal year commences on September 1 and ends on August 31), listing all projected revenues and City Expenses by category for the appropriate fiscal year.
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Annual Operating. Statement shall be defined as meaning the statement prepared and submitted by Manager in accordance with Section 12.02, which sets forth in reasonable detail the Hotel operations for the prior Fiscal Year.
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Annual Operating. Plan shall become effective when approved in writing by USEC, and until such approval, the most recently approved Annual Operating Plan shall remain in effect. The initial Annual Operating Plan is attached hereto as Schedule C. Once approved, the Annual Operating Plan may be revised or supplemented from time to time by USEC by notice to Operator.
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Annual Operating. Budget The Obligors shall, as quickly as practicable, but in any event within fourteen (14) days after the approval by Hungarian Telephone and Cable Corp.'s board of directors (or analogous body) of the Annual Operating Budget in respect of a financial year, or during the course of a financial year, fourteen (14) days after the making of any amendments or revisions to the Annual Operating Budget for such financial year, deliver to the Facility Agent in sufficient copies for the Lenders of such Annual Operating Budget, together with a written explanation of such Annual Operating Budget(s).
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Annual Operating. Plan: Key strategic player in developing the two-year AOP on a yearly basis, as well as assisting in solid communication of the plan to key internal stakeholders. • Oversee Cost Model: Responsible for ownership of the corporate costing methodology. Works closely with operations to ensure costs are consistent and appropriate for our business and complies with all appropriate accounting standards.
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Related to Annual Operating

  • Annual Operating Plan has the meaning ascribed to it in Section 15.3(b)(i).

  • Annual Operating Budget has the meaning set forth in Section 4.11.

  • Annual Operating Expenses for the Class means and will consist only of the following operating expenses of the Series for the Class that are, under generally accepted accounting principles, accruable and deductible from the Series’ assets with respect to the Class for the period involved: (i) investment advisory fees, if any; (ii) Rule 12b-1 distribution fees, if any; and (iii) custodian fees, shareholder servicing fees, administrative and office facilities expenses, professional fees, trustees’ fees and any other operating expenses of the Series with respect to the Class that are recorded or includable in the Series’ statement of operations in accordance with generally accepted accounting principles. Notwithstanding the provisions of the immediately preceding sentence, the Series’ “Annual Operating Expenses” for the Class do not include “acquired fund expenses”, interest and dividends on securities sold short, amortization of organization expenses, taxes, brokerage commissions, litigation and indemnification expenses or any costs or expenses of or for the Series with respect to the Class that are “extraordinary” as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. 30). Very truly yours, ROYCE & ASSOCIATES, LLC By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Chief Operating Officer ACCEPTED: THE ROYCE FUND By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Vice President The Royce Fund ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Re: Fee Waiver and Expense Reimbursement - ▇▇▇▇▇ ▇▇▇▇-Cap Value Fund (Service Class) Gentlemen: Reference is made to the Investment Advisory Agreement dated September 18, 2007 (the “Agreement”) by and between The Royce Fund (the “Fund”) on behalf of ▇▇▇▇▇ ▇▇▇▇-Cap Value Fund (the “Series”) and Royce & Associates, LLC (the “Adviser”). Notwithstanding the provisions of Section 4 (Compensation of the Adviser) of the Agreement, the Adviser hereby waives compensation for services provided by it under the Agreement effective as of and for the period beginning May 1, 2014 and ending April 30, 2015 (the “Period”), and/or agrees to reimburse expenses relating to the Period to the Series with respect to the Class in an amount, if any, necessary so that the Series’ “Annual Operating Expenses” for its Service Class of shares (the “Class”) are not more than 1.35% of the Class’ average net assets for the Period. The Adviser hereby also waives compensation for services provided by it under the Agreement to the Series with respect to the Class, and/or agrees to reimburse expenses to the Series with respect to the Class for each subsequent annual period through the annual period ending April 30, 2021 (but not for any annual period thereafter) in an amount, if any, necessary so that the Series’ Annual Operating Expenses for the Class are not more than 1.99% of the Class’ average net assets for such annual period. The Adviser’s obligations to reimburse the Series with respect to the Class hereunder will not apply for any period when the Adviser is not rendering services to such Series under the Agreement.

  • Normal operation means all periods of operation except start-up and shutdown operations and maintenance of equipment;

  • Initial Operation means the first integral operation of the complete equipment covered under the Contract with the sub-system and supporting equipment in service or available for service.