Monthly Operating Expense Budgeted Amount definition

Monthly Operating Expense Budgeted Amount for any calendar month shall mean the monthly amount set forth in the Approved Annual Budget for Operating Expenses for such calendar month.
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Monthly Operating Expense Budgeted Amount means the monthly amount set forth in the Approved Annual Budget for operating expenses for the calendar month in which such Monthly Payment Date occurs; provided that management fees payable to Manager as part of the Monthly Operating Expense Budgeted Amount shall not exceed three percent (3%) of Rents (“Management Fee Cap”).
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Monthly Operating Expense Budgeted Amount has the meaning set forth in Section 2.06(d).
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Examples of Monthly Operating Expense Budgeted Amount in a sentence

  • During a Trigger Period, such Excess Management Fees shall not be included in the Monthly Operating Expense Budgeted Amount or otherwise disbursed to Senior Borrower or Borrower.

  • During a Trigger Period, such Excess Management Fees shall not be included in the Monthly Operating Expense Budgeted Amount or otherwise disbursed to Borrower.


More Definitions of Monthly Operating Expense Budgeted Amount

Monthly Operating Expense Budgeted Amount means the monthly amount set forth in the Approved Operating Budget incurred or to be incurred for or as of the calendar month in which such Payment Date occurs; provided that, management fees payable to Manager as part of the Monthly Operating Expense Budgeted Amount shall not exceed 3.5% of Rents (the “Management Fee Cap”).
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Monthly Operating Expense Budgeted Amount the Operating Expenses set forth in the Budget incurred or to be incurred during the calendar month in which a Loan Advance is made. Monthly Payment Date: the first day of every calendar month, provided if such day is not a Business Day, the Monthly Payment Date shall be the next following Business Day.
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Monthly Operating Expense Budgeted Amount the monthly amount set forth in the Approved Operating Budget for the Property to which such amount relates, incurred or to be incurred for or as of the calendar month in which such Payment Date occurs (provided, however, that, the Monthly Operating Expense Budgeted Amount shall not include fees payable to Property Manager under the Property Management Agreement in excess of four percent (4%) of the Rents for the applicable Property with respect to any calendar month).
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Monthly Operating Expense Budgeted Amount means, during a Trigger Period, the monthly amount set forth in the Approved Annual Budget for Operating Expenses for the calendar month in which such Monthly Payment Date occurs; provided that aggregate of management fees payable to Manager and franchise fees payable to a Franchisor as part of the Monthly Operating Expense Budgeted Amount shall not exceed 3% of Rents; provided that such Monthly Operating Expense Budgeted Amount shall be increased for any particular calendar month to reflect any actual expenditures made or to be made during such calendar month that (i) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Property or otherwise not discretionary in nature and reasonably required for the ongoing operation of the business conducted at the Property, (ii) excluding Operating Expenses included in clause (i), above, are in excess of the amount budgeted for such calendar month, but when aggregated with other expenditures of the same nature made during the applicable Fiscal Year, do not exceed the corresponding line item set forth in the Approved Annual Budget by more than five percent (5%) or (iii) have otherwise been approved by Lender as provided in Section 4.9.5.
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Related to Monthly Operating Expense Budgeted Amount

  • 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.

  • Total Operating Expenses means all costs and expenses paid or incurred by the Company, as determined under generally accepted accounting principles, that are in any way related to the operation of the Company or to Company business, including advisory fees, but excluding (i) the expenses of raising capital such as Organization and Offering Expenses, legal, audit, accounting, underwriting, brokerage, listing, registration, and other fees, printing and other such expenses and tax incurred in connection with the issuance, distribution, transfer, registration and Listing of the Shares, (ii) interest payments, (iii) taxes, (iv) non-cash expenditures such as depreciation, amortization and bad debt reserves, (v) incentive fees paid in compliance with the NASAA REIT Guidelines, (vi) Acquisition Fees and Acquisition Expenses, (vii) real estate commissions on the Sale of Properties, (viii) Financing Coordination Fees and (ix) other fees and expenses connected with the acquisition, disposition, management and ownership of real estate interests, mortgage loans or other property (including the costs of foreclosure, insurance premiums, legal services, maintenance, repair and improvement of property).

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.