Extraordinary Operating Expense definition

Extraordinary Operating Expense. As defined in the Mortgage Loan Agreement.
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Extraordinary Operating Expense has the meaning given such term in Section 7.4.4.
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Extraordinary Operating Expense has the meaning set forth in Section 11.2.9.
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Examples of Extraordinary Operating Expense in a sentence

  • During any Trigger Period, if a Borrower incurs or is required to incur any Operating Expense not set forth in the Approved Annual Budget (each an “Extraordinary Operating Expense”), then such Borrower shall promptly deliver to Lenders a reasonably detailed explanation of such proposed Extraordinary Operating Expense for Required Lenders’ approval.


More Definitions of Extraordinary Operating Expense

Extraordinary Operating Expense shall have the meaning specified in Section 4.9.6 hereof.
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Related to Extraordinary Operating Expense

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.