Operating Deficit definition

Operating Deficit means, for the applicable period, insufficient funds to pay operating costs when Cash Expenses exceed Cash Receipts, as determined by the Accountant and approved by the Special Limited Partner.

Operating Deficit means that, at the end of the fiscal year, the unassigned fund balance in the General Fund is less than zero.

Operating Deficit means at any time when the Partnership does not have Net Operating Income as determined by the Accountant and approved by the Special Limited Partner.

Examples of Operating Deficit in a sentence

• Operating deficit in all of the periods in 4.(1)① below (for companies which have not disclosed operating profits, a deficit for the profits used in 4.(1)③ below.).

• Operating deficit reserves may be funded with NHTF and/or from other sources.

• An applicant institution must now show an annual or cumulative Operating deficit at any time during the eligibility process.

• Operating deficit reserves include, but are not limited to, operating reserves, debt service reserves, lease-up reserves, rent-restabilization reserves, and any pre-funded capital (replacement) reserves.

• A joint agency that was created by agreement between two cities and towns to operate an airport pursuant to G.S. 63-56 and that provided drinking water and wastewater services off the airport premises before 1 January 1995.… (14a) Operating deficit.

More Definitions of Operating Deficit

Operating Deficit means the amount by which the total operating expenses incurred in the operation of an urban mass transit system exceeds the amount of operating revenue derived therefrom.

Operating Deficit means, for any specified period of time, the amount by which the Cash Receipts of the Partnership are less than the amount necessary to pay all Cash Expenditures of the Partnership.

Operating Deficit means the shortfall of revenue compared to expenses as dictated by the approved Operating Budget, Support Services Budget and/or approved by BC Housing.

Operating Deficit means the amount by which the aggregate operating costs of the programs exceeds the aggre- gated receipts and revenue directly generated by the pro- grams in the fiscal year, plus any transfers of reserves that were originally generated directly by the athletic department account.

Operating Deficit means the amount by which the total operating expenses incurred in the operation of a mass transit sys- tem exceeds the amount of operating revenues derived therefrom.

Operating Deficit for any relevant period, the excess of Operating Expenses (or a portion thereof) plus the payment of principal and interest due and payable on the Gap Financing Loan over the Borrower’s cash revenues of every kind from the operation of the Project for such fiscal period (excluding loans made to Borrower for payment of an Operating Deficit, extraordinary cash proceeds and capital contributions, and excluding amounts drawn from a reserve account).

Operating Deficit means the amount by which (i) the income of the Partnership from rental payments made by tenants of the Apartment Complex and all other income of the Partnership, including unrestricted earnings on reserve or escrow funds (other than proceeds of any loans to the Partnership and investment earnings on funds on deposit in the Reserve Fund for Replacements, the Tenant Transition Fund and the Supplemental Replacement Reserve) for a particular period of time, is exceeded by (ii) the sum of all the operating expenses, including all Debt Service payments, operating and maintenance expenses, deposits into the Reserve Fund for Replacements and the Supplemental Replacement Reserve, any Lender fee payments, and all other Partnership obligations or expenditures, excluding payments for rehabilitation of the Apartment Complex and fees and other expenses and obligations of the Partnership to be paid from the Capital Contributions of the Investment Partnership to the Partnership pursuant to this Agreement, during the same period of time. For the purposes of this definition, all expenses shall be paid on a sixty (60) day current basis.