ANOI definition

ANOI means annualized Adjusted Revenue less Adjusted Expenses, based upon the financial reports provided by Borrower under Article 7 and approved by Administrative Agent in its reasonable discretion.
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ANOI means annualized Adjusted Revenue less Adjusted Expenses, based upon the financial reports provided by Borrowers under Section 6.01 and approved by Administrative Agent in its reasonable discretion; provided, however, if the actual Occupancy Rate of any Borrowing Base Asset exceeds 95%, ANOI for such Borrowing Base Asset shall be proportionately reduced assuming an Occupancy Rate of 95%.
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ANOI means, for any Test Period, the sum (without duplication) of (a) Consolidated Net Income plus (i) to the extent deducted in determining Consolidated Net Income, (A) Consolidated Interest Expense, (B) expense for income taxes paid or accrued, (C) depreciation, (D) amortization and other non-recurring non-cash charges, and (E) extraordinary losses (as determined in accordance with an Acceptable Accounting Method), minus (ii) to the extent included in Consolidated Net Income, extraordinary gains (as determined in accordance with an Acceptable Accounting Method), in each case, calculated for Borrowers and their subsidiaries on a consolidated basis in accordance with an Acceptable Accounting Method, as adjusted by the Consolidated Revenue in Place Adjustment.
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Examples of ANOI in a sentence

  • The Annual Incentive (Short Term Bonus) compensation is designed to motivate the CEO to meet and/or exceed goals for budget performance on 1) 2011 Operating Revenue (OR), 2) 2011 Adjusted Net Operating Income (ANOI), and 3) Discretion/MOB (MOB).

  • The Annual Incentive (Short Term Bonus) compensation is designed to motivate the CFO to meet and/or exceed goals for budget performance on 1) 2017 Operating Revenue (OR), 2) 2017 Adjusted Net Operating Income (ANOI), and 3) Discretion/MOB (MOB).

  • Any such Incentive Management Fee shall be allocated amongst the Facilities in a manner determined appropriate by Holdco and Manager, both acting reasonably; provided that the Incentive Management Fee shall be calculated separately for the Holdco SPEs, on the one hand, and the GNC Tenants, on the other, and the Holdco SPEs and GNC Tenants shall be liable only for their proportionate share (based on relative ANOI) of the Incentive Management Fee.

  • The Annual Incentive (Short Term Bonus) compensation is designed to motivate the CEO to meet and/or exceed goals for budget performance on 1) 2017 Operating Revenue (OR), 2) 2017 Adjusted Net Operating Income (ANOI), and 3) Discretion/MOB (MOB).

  • In the absence of any contrary provisions in this Agreement, any payments that are required under this Agreement and that relate solely to a particular Facility and to the ANOI, Expected ANOI, BMFEANOI Amount, Incentive Fee Target, Gross Revenues, Base Management Fee or Facility Expenses applicable to such Facility shall be made in the Applicable Local Currency and all other payments required under this Agreement shall be made in US Dollars.

  • In the event that Utility is unable to deliver such supporting documentation to Purchaser by the Diligence Delivery Deadline, (i) Utility shall be required to deliver the same to Purchaser no later than thirty (30) days following the Closing Date and (ii) notwithstanding anything in this Agreement to the contrary, the Final Purchase Price shall be subject to an ANOI adjustment in accordance with Section 2.7 of this Agreement.

  • In the absence of any contrary provisions in this Agreement, any monetary calculations or payments that are required under this Agreement and that relate solely to this Facility, including with respect to the ANOI, Expected ANOI, Gross Revenues, Base Management Fee, or Facility Expenses, shall be made in the Applicable Local Currency and all other payments and calculations required under this Agreement shall be made in US Dollars.

  • The term “Expected ANOI” means (a) for 2010 the amount of $ .00 and for 2011, the amount of $ .00, [FILL IN RESPECTIVE TARGETS FOR THE FACILITY SET FORTH ON LOI SCHEDULE V], and (b) for 2012 and each subsequent year, the Expected ANOI for 2012 or such subsequent year as adjusted and determined in accordance with the Master Agreement.

  • The Annual Incentive (Short Term Bonus) compensation is designed to motivate the CEO to meet and/or exceed goals for budget performance on 1) 2018 Operating Revenue (OR), 2) 2018 Adjusted Net Operating Income (ANOI), and 3) Discretion/MOB (MOB).

  • Agent shall have determined that the ANOI of the Projects is at least $5,688,000 after being reasonably adjusted by Agent or its auditors, if necessary.


More Definitions of ANOI

ANOI means net income from the operations of the Projects by ALC and the Texas Partnership under the Leases (but excluding rent payable to Borrowers by ALC and the Texas Partnership under the ALC Leases) or, in the case of calculations for periods prior to the first anniversary of the Closing Date, by an Affiliate of ALC which owned or operated any Project during such periods, over the previous twelve (12) month period (unless a different time period is specified herein), calculated in accordance with generally accepted accounting principles, in a manner consistent with how Agent has previously made such calculations in a loan to Affiliates of ALC, excluding interest, taxes, depreciation, amortization, rent and management fees, adjusted for a seven percent (7%) management fee, a $360 per unit per annum replacement reserve, and a maximum occupancy of 95%. ANOI will be reasonably estimated by Agent. Borrowers shall (or shall cause ALC and the Texas Partnership to) provide Agent with financial information with respect to the operations of the Projects as Agent may reasonably request and in any event sufficient for Agent to make the necessary calculations in this and other sections. Upon written request by Borrowers, Agent shall promptly provide Borrowers with the results of its most recent calculation of Debt Coverage Ratio, Project Yield and ANOI, together with reasonably detailed supporting documentation.
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ANOI means for any period, Underlying Loan Borrower’s Adjusted Revenue for such period minus Underlying Loan Borrower’s Adjusted Expenses for such period, based upon the financial reports provided by Underlying Loan Borrower and furnished by Borrower to Administrative Agent under Article 5 and approved by Administrative Agent in its reasonable discretion.
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ANOI means Included Revenues minus Included Expenses.
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ANOI has the meaning given to the term “ANOI” in the Master Agreement.
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ANOI means, with respect to a particular Facility(ies) and a particular period, the sum of the following: the Net Operating Income for such Facility(ies) (calculated exclusive of (a) any Base Management Fees and/or Incentive Management Fees, (b) any ground lease base rents and (c) any expenditures for painting and/or wallpapering), less the FF&E Reserve for such Facility(ies), in each case for the applicable period. ANOI shall be measured in accordance with the Management Agreements relative to each Facility and this Agreement as of the end of each month. In the event of a casualty (other than a Minor Casualty (as defined in the applicable Management Agreement)) or condemnation that affects a particular Facility and directly results in a reduction in Resident Occupancy at such Facility, then, solely for the purpose of calculations made under Section 3 hereof (and not, for example, for the purpose of calculations of the Base Management Fee or Incentive Management Fee under, respectively, Section 5 and Section 6 hereof), the “ANOI” for such Facility shall, as determined by the applicable Manager and Owner (both acting reasonably), be deemed to have been increased until the earlier of the commencement of business interruption insurance proceeds on account of such casualty or the cessation of any such reduction in Resident Occupancy, to account, for the aforesaid sole purpose, for the effects of such casualty or condemnation upon such Facility’s “ANOI”.
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ANOI means, for any Test Period, without duplication, Consolidated Revenue less Consolidated Expenses, in each case, calculated for Borrowers and their subsidiaries on a consolidated basis in accordance with an Acceptable Accounting Method.
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Related to ANOI

  • NOI means Notice of Intent to be covered by this permit.

  • Property NOI means, with respect to any Property for any Rolling Period (without duplication), the aggregate amount of (i) Property Income for such period minus (ii) Property Expenses for such period. Pro forma adjustments shall be made for any Property acquired or sold during any period as if the acquisition or disposition occurred on the first day of the applicable period.

  • Adjusted NOI means, with respect to any Property for the Current Reporting Quarter, annualized, an amount equal to (a) the aggregate gross revenues (excluding non-cash revenues) from the operations of such Property during such period, minus (b) the sum of (i) all expenses and other proper charges incurred in connection with the operation of such Property during such period (including real estate taxes, but excluding any property and asset management fees, debt service charges, income taxes, depreciation, amortization and other non-cash expenses and excluding capital expenditures), (ii) a management fee equal to the greater of (A) two percent (2%) of the aggregate gross base rental revenues (excluding non-cash revenues) from the operations of such Property during such period and (B) actual property management fees paid, and (iii) a replacement reserve of $0.10 per square foot (excluding any Property acquired during the Current Reporting Quarter). Adjusted NOI shall exclude the amount of any revenues and expenses from any Dark Property. Adjusted NOI shall be increased, without duplication, by (i) annualized rental revenues (excluding non-cash revenues), net of associated expenses, from any new lease which went into effect with the tenant taking occupancy (or any lease with respect to any Property acquired during the Current Reporting Quarter) and the Borrower is recognizing revenue from such tenant in accordance with GAAP during such Current Reporting Quarter, and (ii) annualized gross base rental revenues (excluding non-cash revenues) for the first monthly gross base rental payment for any lease in a free rent period and the Borrower is recognizing revenue from the applicable tenant in accordance with GAAP during such Current Reporting Quarter.

  • Annualized EBITDA means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share (as defined below) of earnings before interest, taxes, depreciation and amortization (“EBITDA”), with other adjustments as are necessary to exclude the effect of all realized or unrealized gains and losses related to hedging obligations, items classified as extraordinary items and impairment charges in accordance with generally accepted accounting principles, adjusted to reflect the assumption that (i) any EBITDA related to any assets acquired or placed in service since the first day of such four-quarter period had been earned, on an annualized basis, from the beginning of such period, and (ii) any assets disposed of during such four-quarter period had been disposed of as of the first day of such period and no EBITDA related to such assets had been earned during such period.

  • Reference evapotranspiration or “ETo” means a standard measurement of environmental parameters which affect the water use of plants. ETo is expressed in inches per day, month, or year as represented in Appendix A, and is an estimate of the evapotranspiration of a large field of four- to seven-inch tall, cool-season grass that is well watered. Reference evapotranspiration is used as the basis of determining the Maximum Applied Water Allowances so that regional differences in climate can be accommodated.