Operating Profit definition

Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:
Operating Profit means the difference between the discounted revenues and the discounted operating costs over the relevant lifetime of the investment, where this difference is positive. The operating costs include costs such as personnel costs, materials, contracted services, communications, energy, maintenance, rent, administration, but exclude, for the purpose of this Regulation, depreciation charges and the costs of financing if these have been covered by investment aid.
Operating Profit means, with respect to any Fiscal Year, any net income of the Partnership, adjusted to exclude (a) any Capital Profit or Capital Loss, and (b) the effect of any reorganization, restructuring or other capital transaction proceeds derived by the Partnership. To the extent derived from any Fund, any items of income, gain, loss, deduction and credit shall be determined in accordance with the same accounting policies, principles and procedures applicable to the determination by the relevant Fund, and any items not derived from a Fund shall be determined in accordance with the accounting policies, principles and procedures used by the Partnership for United States federal income tax purposes. Operating Profit shall not include any income or gain attributable to a Book-Tax Difference.

Examples of Operating Profit in a sentence

Segment profit is based on the Operating Profit (or Loss) line item in the consolidated Statement of Income.

Segment Profit & Loss is measured on the basis of Operating Profit or Loss of each respective segment.

See the “Reconciliation of Operating Profit to Net Income” section for specific details of these amounts.

The reconciliation of net income to Adjusted Net Income, Modified Operating Profit and Modified EBITDA for the three and twelve months endedDec.

The reconciliation of net income to Adjusted Net Income, Modified Operating Profit andModified EBITDA (defined below) for the three and twelve months ended Dec.


More Definitions of Operating Profit

Operating Profit means as to any Performance Period, the difference between revenue and related costs and expenses, excluding income derived from sources other than regular activities and before income deductions.
Operating Profit means, as applied to any Person for any period, the operating revenue of such Person for such period, less (a) its costs of services for such period and (b) its selling, general and administrative costs for such period but excluding therefrom all extraordinary gains or losses, all as determined and computed in accordance with GAAP.
Operating Profit means, with respect to any given period of time, the excess of Gross Revenues over Deductions (each calculated in accordance with this Agreement and the Uniform System of Accounts).
Operating Profit means, with respect to each Hotel, the excess of Gross Revenues over the following deductions, but excluding (i) payments with respect to items for which Manager has given an indemnity, to the extent of such indemnity, (ii) payments with respect to items for which Manager has agreed to be liable at its own cost and expense herein, (iii) any item specifically stated not to be a Deduction herein, and (iv) any item for which Manager or any Affiliate has agreed to be liable (other than at the cost and expense of Tenant or any Affiliate) under the terms of any Incidental Document or any other agreement between Manager or any Affiliate and Tenant or any Affiliate (“Deductions”) incurred by Manager in accordance with the terms of this Agreement, on behalf of Tenant, in operating the Hotel:
Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Management Company in operating the Hotel: