Permitted Operating Costs definition

Permitted Operating Costs means the reasonable irrevocable operating costs incurred by an Obligor with respect to the Properties, including:
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Permitted Operating Costs means the reasonable operating and administrative costs (including VAT) incurred by a Borrower with respect to itself and a Property owned by it (or by an Acquired Entity owned by such Borrower), including:
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Permitted Operating Costs means, in any period and in relation to any category of proposed Operating Costs identified in the Operating Budget for that period, the amount of proposed expenditure in that period in respect of that category contained in the Operating Budget provided that:
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Examples of Permitted Operating Costs in a sentence

  • The amount of Permitted Operating Costs shall in no event be higher than 20% of the Gross Rental Income of the respective period as set out in the respective Business Plan.

  • Summer teaching appointments shall be offered equitably and as appropriate to qualified employees in a timely manner.

  • On each Interest Payment Date, each Borrower shall provide proof satisfactory to the Security Agent of the Permitted Operating Costs and value added tax having become due and payable from (and including) the immediately preceding Interest Payment Date to (but excluding) the then current Interest Payment Date.


More Definitions of Permitted Operating Costs

Permitted Operating Costs means all reasonable costs, properly incurred either directly by the Property Manager or through contracting with third parties, of management and administration and ancillary services in relation to the Mortgaged Properties (including insurance costs) but, for the avoidance of any doubt, does not include (i) any element of costs incurred by the Property Manager that relates to the central provision of its services not specifically incurred in respect of a particular Mortgaged Property and (ii) the Property Management Fee provided that the Permitted Operating Costs (excluding insurance costs) shall not exceed
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Related to Permitted Operating Costs

  • Approved Operating Expenses means for each Budget Year during the Term the following operating expenses reasonably and actually incurred from the operation and maintenance of Property to the extent that such operating expenses are consistent with the Annual Budget and the Annual Audited Financial Statements:

  • Operating Costs means the incremental operating expenses incurred on account of the Project implementation, management and monitoring including rent for buildings; office, vehicles, office equipment and other operation and maintenance costs; water and electricity utilities, telephone, office supplies, bank charges, additional staff costs, travel and supervision costs, per diem, but excluding the salaries of officials and public servants of the Project Implementing Entity or the Recipient’s civil service.

  • Base Operating Costs means Operating Costs for the calendar year specified as the Base Year in the Basic Lease Information (excluding therefrom, however, any Operating Costs of a nature that would not ordinarily be incurred on an annual, recurring basis).

  • Controllable Operating Expenses means all Operating Expenses except property taxes and assessments, capital expenditures that are reasonably required, costs for repairs and maintenance (excluding preventative maintenance), utility charges, insurance charges, costs of services provided under a union contract, payments under covenants, conditions and restrictions or to an owners’ association and costs associated with repairs due to casualty, vandalism or other cause outside of Landlord’s reasonable control.

  • Total Fund Operating Expenses with respect to a Fund is defined to include all expenses necessary or appropriate for the operation of the Fund including the Adviser’s investment advisory or management fee under the Advisory Agreement and other expenses described in the Advisory Agreement that the Fund is responsible for and have not been assumed by the Adviser, but excludes front-end or contingent deferred loads, taxes, leverage expenses, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any.