Residual Receipts definition

Residual Receipts means for each calendar year, the amount by which Gross Revenue exceeds Annual Operating Expenses.

Residual Receipts means certain funds held by a Non-Profit Borrower which are restricted in their use by this Agreement and Program Obligations, and otherwise described in Section 17.

Residual Receipts means certain funds held by a Non-Profit Borrower which are restricted in their use by Program Obligations.

Examples of Residual Receipts in a sentence

• Unless required by Program Obligations, Lender shall not be required to pay Borrower any interest, earnings or profits on the Imposition Deposits with the exception of the Reserve for Replacement account or Residual Receipts account (if any).

• Residual Receipts as defined in the County Loan Agreement, shall specifically include, but not be limited to, the amount by which gross revenues exceed annual debt service payments, approved operating expenses, payments to replacement reserve, and a priority payment fee of up to$200 per unit for APAH Resident Services, which can be escalated annually at two percent (2%).

• Any other fees or payments in excess of what is stated here must be paid from the Applicant’s portion of Residual Receipts.

• The AHIF Loan shall be secured by Crystal House 3 - 9% project, and shall be repayable from the project’s Residual Receipts, as defined in the AHIF Loan Agreement.

• If at any time the amount of the Imposition Deposits held by Lender (other than the Reserve for Replacement or Residual Receipts, if any) for payment of a specific Imposition exceeds the amount reasonably deemed necessary by Lender plus one-sixth of such estimate, the excess shall be credited against future installments of Imposition Deposits.

More Definitions of Residual Receipts

Residual Receipts has the meaning specified in the HUD Regulatory Agreement.

Residual Receipts means any cash remaining at the end of a calendar year after deducting from Surplus Cash:

Residual Receipts means Annual Project Revenue less the sum of:

Residual Receipts means for each Budget Year, the amount by which Gross Revenues exceed the sum of (a) Approved Operating Expenses, (b) Senior Debt Service Payments, (b) the VHDA Monitoring Fee, (c) the Investor Member Asset Management Fee, (e) the WHDC Asset Management Fee, (f) the WHDC Property Management Fee, and (g) payments into the Replacement Reserve. Residual Receipts shall also include Net Proceeds resulting from any Capital Transaction.

Residual Receipts means Revenue minus: (i) Operating Expenses and (ii) Cash Flow for Supportive Services, calculated on a 12-month basis. All calculations of Residual Receipts shall be subject to verification and reasonable approval by the Agency.

Residual Receipts means certain funds which are restricted in their use by Program Obligations and applicable business documents (e.g., HAP Contract, Use Agreement) as may be more specifically described in a Residual Receipts Rider attached hereto.

Residual Receipts means certain funds held by certain Non-Profit, and Public Body Borrowers which are restricted in their use by Program Obligations.