Property Operating Statement definition

Property Operating Statement means the monthly statement, in the form of Exhibit C, or another form mutually acceptable to Borrower and Lender (but containing at a minimum the same requested information) to be prepared and delivered by Borrower to Lender pursuant to Section 2.6.
View Source
Property Operating Statement or “POS” means a monthly statement substantially in the form of Exhibit L, and prepared by Borrower in accordance with Section 5.6(d).
View Source
Property Operating Statement means the monthly statement, in the form annexed hereto as Exhibit 5, to be delivered by Borrower to Lender, pursuant to Section 2.6 hereof, which details Borrower's Crude Oil and Natural Gas production, revenue and Lease Operating Expenses, and any other income or expenses with respect to each Property for the purpose of determining the Net Revenue.
View Source

Examples of Property Operating Statement in a sentence

  • Borrower shall prepare and deliver the Property Operating Statement to Lender no later than the 20th day of each month.

  • On or before the twentieth (20th) day of each month, along with the delivery of the Property Operating Statement due on such day, Borrower shall provide Lender with a statement showing the identity of Borrower's creditors, the amount due to each and the date each payment is due thereunder.

  • Net Revenue shall be calculated by Lender based on the Property Operating Statement.

  • Borrower shall prepare and deliver a Property Operating Statement to Lender no later than the 20th day of each calendar month.

  • At Lender's request, within fourteen (14) days after Borrowers have submitted to Lender each monthly Property Operating Statement pursuant to Section 2.6, representatives of Lender and Borrowers shall meet at a mutually acceptable time and place to conduct a monthly review conference that will focus on, among other things, the data contained in the most recently submitted Property Operating Statement and such other operational and financial data and information as Lender may reasonably request.

  • Borrower shall prepare and deliver the Property Operating Statement to Lender once per month, as soon as practical and in any event no later than the last Business Day of each month.

  • Borrowers shall prepare and deliver the Property Operating Statement to Lender no later than the last Business Day of each month.

  • Such Property Operating Statement shall detail Borrower's Gross Receipts, Operating Expenses, Direct Taxes, royalties and overriding royalty interests with respect to each Property relating to production and operations for the month prior to the immediately preceding month, and shall include a detail of Borrower's general and administrative costs and expenses for such immediately preceding month.

  • Such Property Operating Statement shall detail Borrower's Gross Receipts, Operating Expenses, Direct Taxes, royalties and overriding royalty interests with respect to each Property relating to production and operations for the months prior to the immediately preceding month, and the Approved Overhead for such month.

  • Unless Lender provides Borrowers with written notice during such five (5) Business Day period describing in reasonable detail the objections to the Property Operating Statement, Lender will be deemed to have acknowledged such Property Operating Statement and, pursuant to the terms and conditions of this Agreement, will release the funds to pay the amounts set forth therein.


More Definitions of Property Operating Statement

Property Operating Statement means a monthly statement substantially in the form Exhibit D, to be prepared and delivered by Borrower to the Administrative Agent in accordance with Section 5.1.
View Source
Property Operating Statement means the monthly statement, in the form attached hereto as EXHIBIT C, to be prepared and delivered by the Borrower to the Lender, pursuant to SECTION 2.6 hereof.
View Source
Property Operating Statement means a monthly statement substantially in the form of Exhibit F, to be prepared and delivered by Empire USA to Lender in accordance with Section 2.7(b).
View Source
Property Operating Statement refers to the GAAP monthly and quarterly statement of net income and loss for a Property prepared by ALC.
View Source
Property Operating Statement means the monthly statement, in the form of Exhibit "C," or another form mutually acceptable to Borrower and Lender (but containing at a minimum the same requested information) to be prepared and delivered by Borrower to Lender pursuant to Section 2.6.
View Source

Related to Property Operating Statement

  • Operating Statement shall have the meaning given to such term in Section 10.5.

  • CMSA Operating Statement Analysis Report means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Operating Statement Analysis Report" available as of the Closing Date on the CMSA Website or in such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage-backed securities transactions generally.

  • CREFC® Operating Statement Analysis Report The monthly report in the “Operating Statement Analysis Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Operating Statement Analysis Report format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Accounting Statement means for each financial year, the following statements, namely-