Net Operating Income definition
Net Operating Income. With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.
Net Operating Income means the amount obtained by subtracting Operating Expenses from Gross Income from Operations.
Net Operating Income means, for any period, the amount obtained by subtracting Operating Expenses for such period from Gross Income from Operations for such period.
Examples of Net Operating Income in a sentence
Commencing with the fiscal month ending July 31, 2027, maintain, tested at the end of each fiscal month of Borrower based upon the immediately preceding Applicable Fiscal Period, positive Net Operating Income for the Mortgaged Property.
More Definitions of Net Operating Income
Net Operating Income means, for any period, the amount obtained by subtracting Operating Expenses for the Properties for such period from Gross Income from Operations for such period.
Net Operating Income means the excess, if any, of the Partnership’s gross income over its expenses (but not taking into account depreciation, amortization, or any other noncash expenses of the Partnership), calculated in accordance with the principles of Section 5.01(h) hereof.
Net Operating Income means, with respect to each Individual Property, for any period the excess, if any, of Operating Income for such period over Operating Expenses for such period.
Net Operating Income means, for any particular period of time, Gross Revenue for the relevant period, less Operating Expenses for the relevant period; provided, however, that if such amount is equal to or less than zero (0), Net Operating Income shall equal zero (0);
Net Operating Income means net operating income before change in expected credit losses and other credit impairment charges (also referred to as ‘revenue’).
Net Operating Income means: (i) the Gross Income, less (ii) the Expenses of the Project.
Net Operating Income means the amount by which Operating Revenues exceed Operating Expenses.