RNOR definition

RNOR is the amount of the revised Non Operational Rent
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Examples of RNOR in a sentence

  • The Incentive Pool shall be equal to the balance (if any) of the RNOR remaining after subtraction of all Company Expenditures other than Bonus Distributions with respect to a financial year.

  • The expense of preparing the financial statements and reports described in this Section 5, except for those prepared under subsection (e) above, shall be Company Expenditures and, as such, shall be paid from RNOR.

  • The amount of CNR, the Common Shareholders’ Payments, RNOR, Company Expenditures and the Incentive Pool shall be determined in accordance with this Agreement by the Permal Board: (i) within 30 days after the end of each of the first three fiscal quarters in a fiscal year based on the most recent unaudited consolidated quarterly financial statements of the Companies; and (ii) within 30 days after the end of the last fiscal quarter based on the audited annual financial statements of the Companies.

  • In addition, in each case where a Common Shareholders’ Payment is based on a CGR Percentage of CGR, RNOR shall be applied by the Companies to pay and provide for CVC for the financial period to which such Common Shareholder Payment pertains.

  • The Company will use its best efforts to cause the Companies to not incur expenses or obligations that exceed their ability to pay or provide for them when due out of RNOR.