Gross Collections definition
Gross Collections means all amounts actually collected as rents or other charges for use and occupancy of apartment units and from users of garage spaces (if any), leases of other non-dwelling facilities in the Property and concessionaires (if any) in respect of the Property, including furniture rental, parking fees, forfeited security deposits, application fees, late charges, income from coin‑operated machines, proceeds from rental interruption insurance, and other miscellaneous income collected at the Property; excluding, however, all other receipts, including but not limited to, income derived from interest on investments or otherwise, proceeds of claims on account of insurance policies (other than rental interruptions insurance), abatement of taxes, franchise fees, and awards arising out of eminent domain proceedings, discounts and dividends on insurance policies.
Gross Collections means, with respect to each Trust Group, all amounts paid with respect to the Home Equity Loans, including but not limited to, the total amount of principal, interest, Prepayments, Net Liquidation Proceeds, Insurance Proceeds, late payment charges, prepayment charges, release fees, assumption fees and bad check charges, received by the Servicer or by any other entity on behalf of the Trust, in all circumstances prior to the payment, netting or deduction of any amount and prior to the deposit of such funds into the Principal and Interest Account.
Gross Collections means all amounts actually collected as rents or other charges for use and occupancy of apartment units, from users of garage spaces or carports (if any), from users of storage spaces (if any), leases of other non-dwelling facilities in the Property and concessionaires (if any) in respect of the Property, including furniture rental, parking fees, forfeited security deposits, application fees, late charges, income from coin-operated machines, proceeds from rental interruption insurance, “door fees” or other amounts under cable or utility contracts, and other miscellaneous income collected at the Property; excluding, however, income derived from interest on investments or otherwise, proceeds of claims on account of insurance policies (other than rental interruptions insurance), discounts and dividends on insurance policies, abatement or refunds of taxes, franchise fees, and awards arising out of eminent domain proceedings.
Examples of Gross Collections in a sentence
Commencing on the date hereof, Owner shall pay to Manager a fee (the “Management Fee”), payable monthly in arrears, in an amount equal to Three Percent (3.0%) of Gross Collections for such month.
Each Trust is the owner of its Gross Collections until actually paid pursuant to this Amendment and the Pooling Agreement.
The Servicer acknowledges and agrees that any Gross Collections received and held by it in the Clearance Account or otherwise are held as agent and in trust for the applicable Trust.
Notwithstanding anything to the contrary in any Pooling Agreement, the Servicer shall not receive Servicing Fees, other servicing compensation, or reimbursement of Servicing Advances or Servicer Delinquency Advances except in accordance with this Amendment and the Servicer shall not be entitled to deduct, off-set or net any amounts from Gross Collections prior to deposit into the Clearance Account.
The cost of the Worker's Compensation Insurance shall be deducted from the Monthly Gross Collections as an operating expense and included in the monthly reports.
More Definitions of Gross Collections
Gross Collections shall include collections of any and all fees, charges and accounts of medical practice which are due and payable on or after the commencement date of this Agreement, notwithstanding the location where such services were rendered, and shall include, without limitation, the following:
Gross Collections are all amounts actually collected by Agent, as rents or other payments, including any federal rental assistance, but excluding (i) income derived from interest or investments, (ii) discounts and dividends on insurance, and (iii) Tenant Deposits.
Gross Collections means all amounts actually collected as rents or other charges for use and occupancy of apartment units and from users of garage spaces (if any), leases of other non-dwelling facilities in the Property and concessionaires (if any) in respect of the Property, including furniture rental, parking fees, forfeited security deposits, application fees, late charges, income from coin-operated machines, proceeds from rental interruption insurance, and other miscellaneous income collected at the Property; excluding, however, all other receipts, including but not limited to, income derived from interest on investments or otherwise, proceeds of claims on account of insurance policies (other than rental interruptions insurance), abatement of truces, franchise fees, and awards arising out of eminent domain proceedings, discounts and dividends on insurance policies. "Hazardous Materials" means any muterial defined as a hazardous substance under the Comprehensive Environmental Response, Compensation and Liability Act of 1980, the Resource Conservation and Recovery Act, or any state or local statute regulating the storage, release, transportation or other disposition of ha'.lardous material, as any of those laws may have been amended to the date hereof, and the administrative regulations promulgated thereunder prior to
Gross Collections means all amounts actually collected in respect of the Property, including, rents, utility payments and deposit forfeitures, interest earned on the Trust Operating Accounts, interest earned on the Trust Deposit Accounts in excess of related banking charges, and other collected revenues. Notwithstanding the foregoing, it is expressly agreed that Gross Collections shall exclude: (a) one half of late charges and insufficient fund charges collected by Property Manager from Tenants; (b) Security Deposits and other refundable deposits received from Tenants that have not been forfeited; (c) any and all proceeds from property insurance policies; (d) the proceeds of any taking by condemnation or eminent domain; and (e) any awards from suits not related to the collection of rent and related charges.
Gross Collections means the cash collected from the provision of goods and services of any nature by Practice (including through Physicians), after deduction of refunds and Overpayments.
Gross Collections means all monies collected for the Recruited Physician's professional fees and ancillary services in office or hospital practice and any other income from the practice of medicine during the Subsidy Period.
Gross Collections means all Collections on Accounts of Borrower and its Subsidiaries.