Examples of Operating Income in a sentence
Unless otherwise agreed or required by Lender at any time or from time to time, DSCR shall be calculated by taking the Net Operating Income for the Property and dividing the Net Operating Income by the annual debt service payments due under the Loan Documents.
Any revenues derived from Events where Owner has opted out shall be applied and credited towards the Operating Income Threshold and the Event/Attendance Target.
The WO Operating Income of the Sellers for each full calendar month between the Execution Date and the Closing Date shall be at least 90% of the WO Operating Income Monthly Target Amount; provided, however, that the WO Operating Income and the WO Operating Income Monthly Target Amount shall be adjusted accordingly in the event that the Waxhaw Lease Assignment is not consented to by the landlord thereunder and the Purchase Price Adjustment applies.
For all other purposes, the Suites shall operate as part of the Premises, including Operator’s responsibilities for operating the Suites, and all food and beverage revenues therefrom shall be included as Adjusted Gross Revenues (going towards the Operating Income Threshold) and all operating expenses shall be included as Event Expenses.
Each Year (with the Operating Income Threshold prorated for any partial calendar year) during the Term is as set forth below (the “Owner Revenue Share”).