Breakeven Point definition
Breakeven Point means the first time at which, as certified by the General Partners, based upon four (4) consecutive full calendar months of Partnership operation occurring after the later to occur of (i) the Admission Date or (ii) Permanent Mortgage Commencement (with each month taken individually), during which the rental income (including government subsidies) of the Partnership actually received on a cash basis (excluding prepaid rent) for each of such four (4) months shall have exceeded all the Partnership's expenses for such month on an accrual basis (including, but not limited to, (a) all operational costs and expenses, (b) all items payable in connection with any Mortgage, and (c) the funding of any reserves required by FmHA and/or pursuant to the terms of this Agreement), except for depreciation, distribu- tions of Cash Flow and Capital Transaction proceeds to the Partners and the fees payable pursuant to this Agreement. For purposes of the foregoing, expenses shall (i) include monthly payments of principal and interest in the amount specified in the Mortgage regardless of any forbearance thereof, (ii) include a ratable portion of the annual amount (as estimated by the General Partners) of those seasonal expenses (such as utilities and maintenance expense) which might reasonably be expected to be incurred on an unequal basis during a full annual period of operation, and (iii) be adjusted, if necessary, so that the expenses of real estate taxes and insurance are based on the General Partners' estimate of the full value of the Apartment Complex after completion of construction.
Breakeven Point means the first time at which, as certified by the General Partners to the Investment Limited Partner in writing, together with a statement fully disclosing the basis therefor and the manner of calculation thereof, there have been four (4) consecutive full calendar months of Partnership operation occurring after the later to occur of (i) the Admission Date or (ii) Permanent Mortgage Commencement, during which the rental income (including any government subsidies) of the Partnership actually received on a cash basis (excluding prepaid rent) for each of such four (4) months shall have exceeded all the Partnership's expenses for such month on an accrual basis (including, but not limited to, (a) all operational costs and expenses, (b) all items payable in connection with the Mortgages, and (c) the funding of any reserves required by the Lender or Agency and/or pursuant to the terms of this Agreement), except for depreciation, amortization and other non-cash charges, distributions of Cash Flow and Capital Transaction proceeds to the Partners and the fees payable pursuant to this Agreement. If free rent or other rental concessions shall have been granted to tenants, the calculation of income pursuant to the preceding sentence shall be adjusted so that the effect of such concessions is amortized equally over the term of all leases (excluding renewal periods) to which it applies. For purposes of the foregoing, expenses shall (i) include monthly payments of principal and interest in the amount specified in the Mortgages regardless of any forbearance thereof, (ii) include a ratable portion of the annual amount (as estimated by the General Partners) of those seasonal expenses (such as utilities and maintenance expense) which might reasonably be expected to be incurred on an unequal basis during a full annual period of operation, and (iii) be adjusted, if necessary, so that the expenses of real estate taxes and insurance are based on the General Partners' estimate of the full value of the Apartment Complex after completion of construction.
Breakeven Point means the point at which all revenues for the Event are equal to all expenses for the Event (including the Loan as an Event expense) as determined by the Lender in its sole discretion.
Examples of Breakeven Point in a sentence
For the purpose of calculating the Angel Corridor, the Breakeven Point across all future seasons of the Series (i.e., Season 4 and beyond) shall in no event exceed Forty-Eight Million Dollars ($48,000,000) in the aggregate.
The Angel Corridor shall only become payable, if ever, on a prospective basis, and calculated based on TCL Adjusted Gross Revenue received from and after the point at which the Breakeven Point is achieved with respect to the applicable Program (calculated on a Program-by-Program basis).
The Lender in its sole discretion shall decide what documentation is satisfactory to evidence the Breakeven Point, any Gap and any Breakeven Amount.
All Angel Corridor amounts in excess of the Breakeven Point with respect to a given Program (calculated on a Program-by-Program basis) shall be distributed to Angel.
The Break-even Point for any such Repurchased Receivable shall be the allocable portion of the Advanced Amount for the Batch that included such Repurchased Receivable and of the Purchase Fee with respect thereto.
The Break-even Point for any such Repurchased Receivable shall be the Advance Amount for such Repurchased Receivable plus the Initial Fee with respect thereto.
After the Breakeven Point is reached, ev3 will invoice MTI for an amount equal to the difference between 10% of net end-customer sales (net of returns and write-offs of accounts receivable) on sales of the Products sold in the Direct Territory for the months prior to the Breakeven Point and the amount actually paid by MTI as 5% of Employee Expenses for such months.
Determine Your Break-even Point A break-even point is the number of units that must be sold in order to cover all costs associated with making and selling those units.
Until such time as the Breakeven Point (as hereinafter -------- defined) is reached, MTI will pay to ev3 an amount equal to the Employee Expenses (as hereinafter defined) and the Service Expenses (as hereinafter defined), plus 5% of such Employee Expenses.
To calculate profits or losses on a fireplace option use more following simple formula Put Option ProfitLoss Breakeven Point Stock Price at Expiration.
More Definitions of Breakeven Point
Breakeven Point means the amount, calculated on the date of the prospectus, to which the spot market price, value or level of the underlying interest must increase in the case of call Warrants, or decrease in the case of put Warrants, for the Warrants to have a Settlement Value equal to the Issue Price;
Breakeven Point means thirty (30) days after the first time at which, as certified by the General Partners, based upon six (6) consecutive full calendar months of operation occurring after the later to occur of (i) the Admission Date or (ii) Permanent Mortgage Closing, with each month taken individually, the rental income (including government subsidies) of the Partnership actually received on a cash basis (excluding prepaid rent) shall have exceeded all the Partnership's expenses on an accrual basis (including the funding of any reserves required pursuant to the terms of this Agreement), except for depreciation, distributions of Cash Flow and Capital Transaction proceeds to the Partners and the fees payable pursuant to this Agreement. For purposes of the foregoing, expenses shall (i) include monthly payments of principal and interest in the amount specified in the Mortgage regardless of any forbearance thereof, (ii) include a ratable portion of the annual amount (as estimated by the General Partners) of those seasonal expenses (such as utilities and maintenance expenses) which might reasonably be expected to be incurred on an unequal basis during a full annual period of operation, and (iii) be adjusted, if necessary, so that the expenses of real estate taxes and insurance are based on the General Partners' estimate of the full value of the Apartment Complex after completion of construction.
Breakeven Point means thirty (30) days after the first time at which, as certified by the General Partners, based upon three (3) consecutive full calendar months of operation occurring after the later to occur of (i) the Admission Date or (ii) Permanent Mortgage Commencement, the rental income (including government subsidies) of the Partnership actually received on a cash basis (excluding prepaid rent) shall have exceeded all the Partnership's expenses on an accrual basis (including the funding of any reserves required pursuant to the terms of this Agreement), except for depreciation, distributions of Cash Flow and Capital Transaction proceeds to the Partners and the fees payable pursuant to this Agreement. For purposes of the foregoing, expenses shall (i) include monthly payments of principal and interest in the amount specified in the Mortgage regardless of any forbearance thereof, (ii) include a ratable portion of the annual amount (as estimated by the General Partners) of those seasonal expenses (such as utilities and maintenance expenses) which might reasonably be expected to be incurred on an unequal basis during a full annual period of operation, and (iii) be adjusted, if necessary, so that the expenses of real estate taxes and insurance are based on the General Partners' estimate of the full value of the Apartment Complex after completion of rehabilitation.
Breakeven Point means the first time after the later to occur of (i) the Admission Date or (ii) Permanent Mortgage Commencement, that Breakeven shall have occurred for three consecutive months.
Breakeven Point means the first time at which, as certified by the General Partner to the Investment Partnership in writing together with a statement fully disclosing the basis therefor and the manner of calculation thereof there have been three (3) consecutive full calendar months of Partnership operation occurring after the later to occur of (i) the Admission Date or (ii) Final Closing during which the rental income (including any government subsidies) of the Partnership actually received on a cash basis (excluding prepaid rent) for each of such three (3) months shall have exceeded all the Partnership's operating expenses for such month on an accrual basis (including, but not limited to, (a) all operational costs and expenses, (b) all items payable in connection with any mortgage, and (c) the funding of any reserves required by the Permanent Lender or Agency and/or pursuant to the terms of this Agreement), except for depreciation, amortization and other non-cash charges, distributions of Cash Flow and Capital Transaction proceeds to the Partners and the fees payable pursuant to this Agreement. If free rent or other rental concessions shall have been granted to tenants, the calculation of income pursuant to the preceding sentence shall be adjusted so that the effect of such concessions is amortized equally over the term of all leases (excluding renewal periods) to which it applies. For purposes of the foregoing, expenses shall (i) include monthly payments of principal and interest in the amount specified in any mortgage regardless of any forbearance thereof, (ii) include a ratable portion of the annual amount (as estimated by the General Partner) of those seasonal expenses (such as utilities and maintenance expense) which might reasonably be expected to be incurred on an unequal basis during a full annual period of operation, and (iii) be adjusted, if necessary, so that the expenses of real estate taxes and insurance are based on the General Partner's estimate of the full value of the Apartment Complex after completion of construction.