Gross Operating Surplus definition

Gross Operating Surplus means the aggregate of the Borrower’s Annual Operating Revenues minus the Borrower’s operating expenditures net of interest payments and other similar charges on Financial Indebtedness.
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Gross Operating Surplus means the excess of Total Revenue over Defined Costs.
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Gross Operating Surplus means, in respect of a financial year, the amount re• maining after deducting from income that would constitute assessable income of the Company in respect of the Company's undertaking for the financial year under the Act all amounts that would properly be allowable as deductions therefrom for the purposes of ascertaining the taxable income of the Company in respect of the Company's undertaking for the financial year under the Act, but with the following qualifications-
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Related to Gross Operating Surplus

  • Net Available Cash from an Asset Disposition means cash payments received (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and net proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring person of Indebtedness or other obligations relating to the properties or assets that are the subject of such Asset Disposition or received in any other non-cash form) therefrom, in each case net of: