Required Expenses definition
Required Expenses. Means the following expenses: (i) real estate taxes, (ii) property and liability insurance premiums, and (iii) debt service payments.
Required Expenses means all day to day operating costs related to operating the Company, including but not limited to the cost of utilities, insurance, real estate taxes, routine maintenance and upkeep of the Property.
Required Expenses has the meaning set forth in Section 3.6(c).
Examples of Required Expenses in a sentence
The Trustee shall, or shall cause the Operating Bank to, as set out in the Written Notice from the Administrative Agent, apply the amount so withdrawn, first, to the Expense Account the Required Expenses Shortfall for such Payment Date; second, in no [**] = Portions of this exhibit have been omitted pursuant to a confidential treatment request.
If Capital Senior Living Corporation fails to fund the Required Expenses in accordance with the Operating Deficits Guaranty, then LB, on its own behalf or on behalf of the Partnership, shall have the right to commence any action, suit or proceeding against Capital Senior Living, Inc.