Operating Expense definition
Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance, and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.
Operating Expense means measurement of actual controllable and fixed operating costs divided by budgeted amounts. For purposes of calculating the Bonus, budgeted amounts are subject to revision by the Board in its discretion based on changes in business conditions or configuration of the business (e.g., items such as acquisitions or divestitures, unusual or non-recurring charges and changes in staffing relating to changed strategy approved by the Board will be considered as items for potential adjustment).
Operating Expense has the meaning specified in Section 1.01(a) of the Note Indenture.
Examples of Operating Expense in a sentence
The Operating Expense Limit with respect to the Fund shall remain in effect during the term of this Agreement.
If the annualized Fund Operating Expenses for any day of the Fund exceed the Operating Expense Limit of the Fund, the Adviser shall waive or reduce its investment advisory fee or absorb the other Fund expenses in an amount sufficient to pay that day’s Excess Amount.
If the annualized Fund Operating Expenses for any day of the Fund exceed the Operating Expense Limit of the Fund, the Advisor shall waive or reduce its investment advisory fee or absorb the other Fund expenses in an amount sufficient to pay that day’s Excess Amount.
The Operating Expense Limit with respect to the Fund shall be 0.98% and 0.95% (annualized) of the average daily net assets of the Fund for its Investment Class and Institutional Class shares, respectively.
The Operating Expense Limit with respect to the Fund shall be 0.80% (annualized) of the average daily net assets of the Fund.
More Definitions of Operating Expense
Operating Expense as defined in the Mortgage Loan Agreement.
Operating Expense means all unreimbursed fees, costs and expenses of the Company, including all amounts owed by the Company to the Indenture Trustee or any Manager, any servicing fees, administration fees, legal and accounting fees, rating agency fees, costs and expenses of the Company.
Operating Expense means, with respect to any period of time, all costs and expenses paid (or due and payable) by Borrower (or by Property Manager for the account of Borrower) during such period relating to the operation, maintenance and management of the Properties to be included in the calculation, including, without limitation, utilities, repairs and maintenance, insurance, property taxes and assessments (which insurance, property taxes and assessments shall be calculated in accordance with GAAP), advertising expenses, payroll and related taxes, equipment lease payments permitted under the terms of this Agreement, a management fee equal to the greater of (i) 4% of Gross Revenues of the Properties to be included in the calculation for the applicable period or (ii) the actual management fees paid under the Management Agreement for such period, but excluding depreciation and amortization and any extraordinary non-recurring expenses. Operating Expenses shall be determined in a manner consistent with GAAP except as otherwise set forth herein. It is expressly understood that for purposes of calculating Operating Expenses, Operating Expenses shall be deemed to include a $50 per annum capital expenditure allowance per pad site located at the Properties.
Operating Expense means, with respect to any Portfolio Investment for any Measuring Period, the sum of (a) any costs which are specifically allocable to such Portfolio Investment, including the Operating and Personnel Payments derived from such Portfolio Investment but excluding any capitalised costs included in Acquisition Cost, plus (b) such Portfolio Investment’s allocable portion of all expenses not allocable pursuant to clause (a) hereof payable by a member of the Group and the Group’s allocable portion of expenses borne by entities in which a member of the Group has a direct or indirect ownership interest, not including (i) Operating and Personnel Payments, (ii) Interest Expense, or (iii) Recovery of Acquisition Cost. A Portfolio Investment’s allocable portion of the expenses specified in clause (b) above shall be equal to the product of (i) such expenses multiplied by (ii) a fraction, the numerator of which is the Operating and Personnel Payment derived from such Portfolio Investment during such Measuring Period and the denominator of which is the sum of Operating and Personnel Payments derived from all Portfolio Investments in such Portfolio during such Measuring Period.
Operating Expense means the expenses necessary to maintain the functions of the hospital including, but not limited to, any collection agency or debt collection expense;
Operating Expense has the meaning specified in Section 1.01(a) of the Bond Indenture.
Operating Expense has the meaning specified in Section 1.01(a) of the Indenture.