Ongoing Revenues definition

Ongoing Revenues means a public source of revenue that is dedicated for an indefinite period (beyond annual appropriations); or other revenue that is dedicated for a minimum five-year period and the source of that revenue has an income history which can reasonably support the level of proposed funding.

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Ongoing Revenues means the following:

Ongoing Revenues means a public source of revenue that is dedicated for an indefinite period (beyond annual appropriations); or other revenue that is either: (i) dedicated for a minimum five-year period and the source of that revenue has an income history which can reasonably support the level of proposed funding.; or (ii) in the case of an existing local housing trust fund, the fund has at least a five-year income history from all sources which could reasonably support the level of proposed funding.

Examples of Ongoing Revenues in a sentence

The finding of such accounting firm shall be binding on the parties hereto but is expressly limited to (i) a determination of the Purchase Price that neither exceeds the Seller's proposed Purchase Price nor is less than the Buyer's proposed Purchase Price, and (ii) a determination of the amount of 90 Day Ongoing Revenues that neither exceeds the Seller's proposed amount of such revenues nor is less than the Buyer's proposed amount of such revenues, as applicable.
Together with the Revenue Statement, the Seller will provide to the Buyer copies of the worksheets and other documentation showing in reasonable detail how the 90 Day Ongoing Revenues were calculated.
The Seller and the Buyer shall be entitled to make a written submission to such accounting firm setting forth their respective positions and proposed Purchase Price and amount of 90 Day Ongoing Revenues, as applicable.
In the event that the 90 Day Ongoing Revenues are less than $3,750,000, then together with delivery of the Revenue Statement, the Seller will make a payment to Buyer in the amount of $.45 for each $1 by which the 90 Day Ongoing Revenues are less than $3,750,000.
At the same time that the Seller prepares and delivers to the Buyer the Final Closing Statement (as defined below), the Seller will prepare and deliver to the Buyer a statement (the "Revenue Statement") showing the calculation and amount of the 90 Day Ongoing Revenues.
On the Closing Date, the earned revenues of the Company for the ninety (90) day period prior to the Closing Date for ongoing customer relations and customer contracts (the "90 Day Ongoing Revenues") must total at least $3,750,000.

More Definitions of Ongoing Revenues

Ongoing Revenues means a public or private source, or sources, of revenue totaling a minimum of $100,000 per year that is dedicated for an indefinite period (beyond annual appropriations); or other revenue that is either: (i) dedicated for a minimum of five years period after the date of the Program award.and If revenues from a source are variable (such as tax or fee revenue), the Applicant shall demonstrate a two year history of annual receipts greater than or equal to the source of that revenue has an income history which can reasonably support the LHTF Program application level of proposed funding requestin the application for Program Funds; or (ii) in the case of an existing local housing trust fund, the fund has at least a five-year income history from all sources which could reasonably support the level of proposed funding in the application for Program Funds.

Related to Ongoing Revenues

Operating Revenues means, for any, period, the gross revenues arising from the ownership and operation of the Properties during such period, including proceeds of any business interruption or rental loss insurance and amounts released from reserves, but specifically excluding Capital Proceeds, Capital Contributions and proceeds of Indebtedness.
Gross Operating Revenues means, for any period of time for any Hotel Property, without duplication, all income and proceeds of sales of every kind (whether in cash or on credit and computed on an accrual basis) received by the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property or the applicable Operating Lessee or Manager for the use, occupancy or enjoyment of such Hotel Property or the sale of any goods, services or other items sold on or provided from such Hotel Property in the ordinary course of operation of such Hotel Property, including, without limitation, all income received from tenants, transient guests, lessees, licensees and concessionaires and other services to guests at such Hotel Property, and the proceeds from business interruption insurance, but excluding the following: (i) any excise, sales or use taxes or similar governmental charges collected directly from patrons or guests, or as a part of the sales price of any goods, services or displays, such as gross receipts, admission, cabaret or similar or equivalent taxes; (ii) receipts from condemnation awards or sales in lieu of or under threat of condemnation; (iii) proceeds of insurance (other than business interruption insurance); (iv) other allowances and deductions as provided by the Uniform System in determining the sum contemplated by this definition, by whatever name, it may be called; (v) proceeds of sales, whether dispositions of capital assets, FF&E or equipment (other than sales of Inventory in the ordinary course of business); (vi) gross receipts received by tenants, lessees (other than Operating Lessees), licensees or concessionaires of the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property; (vii) consideration received at such Hotel Property for hotel accommodations, goods and services to be provided at other hotels although arranged by, for or on behalf of, and paid over to, the applicable Manager; (viii) tips, service charges and gratuities collected for the benefit of employees; (ix) proceeds of any financing; (x) working capital provided by the Parent Guarantor or any Subsidiary of the Parent Guarantor or the applicable Operating Lessee; (xi) amounts collected from guests or patrons of such Hotel Property on behalf of tenants of such Hotel Property and other third parties; (xii) the value of any goods or services in excess of actual amounts paid (in cash or services) provided by the applicable Manager on a complimentary or discounted basis; and (xiii) other income or proceeds resulting other than from the use or occupancy of such Hotel Property, or any part thereof, or other than from the sale of goods, services or other items sold on or provided from such Hotel Property in the ordinary course of business. Gross Operating Revenues shall be reduced by credits or refunds to guests at such Hotel Property.
Operating Revenue means in any single fiscal year during the effective term of this Agreement, the total revenue generated by Party B in its daily operation of business of that year as recorded under the “Revenue of Principal Business” in the audited balance sheet prepared in accordance with the PRC accounting standards.
Recurring Revenue With respect to any Recurring Revenue Loan, the meaning of “Recurring Revenue” or any comparable definition in the related Underlying Instruments relating to recurring maintenance or support revenues, subscription revenues, and recurring revenues attributable to software licensed or sold (excluding one-time license revenues) in the Underlying Instruments for such Loan.
Net Revenues means revenues less related expenses, including