Net Operating Expenses definition

Net Operating Expenses means the sum of all Operating Expenses, excluding organization and offering expenses, the Base Management Fee (as defined in the Advisory Agreement), the Incentive Fee (as defined in the Advisory Agreement) and any interest expense attributable to indebtedness incurred by the Fund, as of the applicable period;

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Net Operating Expenses means the net amount paid in a financial year in respect of commissions, other acquisition expenses, administrative expenses, reinsurers’ commissions and profit participations;

Net Operating Expenses has the meaning set forth in Section 9.2.

Examples of Net Operating Expenses in a sentence

In recognition of the fact that 49ers Stadium Company is responsible for payment of Net Operating Expenses, potentially including losses on Non-NFL Events, the Annual Non-NFL Event Plan will be subject to the mutual approval of 49ers Stadium Company and the Stadium Authority.
For each year during the term of the Stadium Lease, 49ers Stadium Company will, as part of the annual rent payable under the Stadium Lease, reimburse the Stadium Authority for the Net Operating Expenses applicable to such year.
For purposes hereof, “Net Operating Expenses” for each year will be the amount, if any, by which Reimbursable Expenses exceed Stadium Operating Revenue; provided, however, that Net Operating Expenses will be reduced by amounts paid out of the reserve for operating expenses, described in clause (c) of Article 15 below.
Following completion of the Stadium, 49ers Stadium Company will pay to the Stadium Authority, as rent for the Stadium: (i) an amount equal to Five Million Dollars ($5,000,000) per year (“Facility Rent”); plus (ii) all Net Operating Expenses of the Stadium, as more particularly described in Article 9 below.
The Manager will submit to each Member, no later than the tenth day of each Month, beginning with the tenth day of the first Month following the Month containing the Effective Date, a schedule (the “Monthly Capital Contribution Schedule”) setting forth the Monthly Capital Contributions for each Member equal to its Percentage Interest of Net Operating Expenses due and payable by the Company in such Month.

More Definitions of Net Operating Expenses

Net Operating Expenses means the total costs of operating a community, including taxes and insurance but not including amortization, depreciation or long-term debt service;

Net Operating Expenses means, for each Month, the amount by which Operating Expenses for such Month exceed Operating Revenues for such Month.

Net Operating Expenses means Operating Expenses reduced by an amount equal to revenue from: (i) Client Jurisdictions (ii) Operating Expenses of the Authority reimbursed by the Commonwealth of Virginia; and (iii) all other non-Member revenue.

Net Operating Expenses means Expenses reduced by an amount equal to revenue from

Net Operating Expenses shall have the meaning set forth in

Net Operating Expenses for any calendar month or portion thereof shall mean the excess of (A) all expenses of the Business that are paid and incurred during such month or portion thereof in the ordinary course of Business, consistent with past practice and under GAAP would be classified as operating expenses, other than (i) principal and interest on Company Debt, (ii) any Liability or obligation of the type reflected on EXHIBIT 1.2(D) or (iii) any expenses incurred in connection with Excluded Litigation Claims over (B) all cash receipts of the Business for such month or portion thereof.

Net Operating Expenses means Operating Expenses reduced by an amount equal to revenue from (i) non-member jurisdictions (including the state or federal government),