Common use of Net Operating Income Clause in Contracts

Net Operating Income. The term “Net Operating Income” shall mean, for each applicable Calendar Period, the difference of (i) Gross Income less (ii) Operating Expenses, determined on a generally accepted accounting principles basis of accounting except as otherwise provided herein. As used herein, the following terms shall have the respective meanings set forth below.

Net Operating Income. The As used in the Loan Documents, the term “Net Operating Income” shall mean, with respect to the Mortgaged Property, for each applicable Calendar Period, the difference of (i) Gross Income less (ii) Operating Expenses, determined on a generally accepted accounting principles cash basis of accounting except as otherwise provided hereinprovided. As used hereinin the Loan Documents, the following terms shall have the respective meanings set forth below.:

Net Operating Income. The As used in the Loan Documents, the term “Net Operating Income” shall mean, with respect to the Mortgaged Property, for each applicable Calendar Period, the difference of (i) Gross Income less (ii) Operating Expenses, determined on a generally accepted accounting principles an accrual basis of accounting except as otherwise provided hereinprovided. As used hereinin the Loan Documents, the following terms shall have the respective meanings set forth below.:

Net Operating Income. The term “Net Operating Income” shall mean, for each applicable Calendar Period, the difference of (i) Gross Income less (ii) Operating Expenses, determined on a generally accepted accounting principles cash basis of accounting except as otherwise provided herein. As used herein, the following terms shall have the respective meanings set forth below.

Net Operating Income. The term “"Net Operating Income” " shall mean, for each applicable Calendar Period, mean the difference of (i) Gross Income less Operating Expenses (ii) Operating Expensesas defined below), determined on a generally accepted accounting principles cash basis of accounting except as otherwise provided herein. As used herein, the following terms shall have the respective meanings set forth below.:

Net Operating Income. The term “"Net Operating Income” " shall mean, for each applicable Calendar Period, the difference of (i) Gross Income less (ii) Operating Expenses, determined on a generally accepted accounting principles cash basis of accounting except as otherwise provided herein. As used herein, the following terms shall have the respective meanings set forth below.