Average daily rate means the hospital’s final payment rate multiplied by the DRG weight and divided by the statewide average length of stay for a DRG.
Average daily rate for any Real Property on any date of determination, total rooms revenue for the twelve full calendar months most recently ended prior to such date, as determined in accordance with the Uniform System of Accounts, divided by the total number of rooms occupied during such period.
Examples of Average daily rate in a sentence
The term “Equivalent Owner’s Usage” shall mean, for each Owner or Owner’s guest use of the Unit, an amount equal to the Average Daily Rate divided by the Monthly Average Daily Rate, times the Average Daily Revenue for the dates of Owner and Owner’s guest usage.
If the Unit is utilized for a night of complimentary or trade-out occupancy, Owner shall be credited with Gross Room Revenue at the Average Daily Rate for the night of occupancy, and the offsetting expense will be shared among all owners of Rental Program Units.
More Definitions of Average daily rate
Average daily rate. Total daily Room Revenues divided by occupied rooms ------------------ at the Facility. Award: All compensation, sums or anything of value awarded, paid or ----- received on a total or partial Condemnation.
Average daily rate means One Hundred Dollars ($100.00) with respect to the first Operating Year, and, thereafter, shall mean the average rate per night for rooms in the Hotel charged to guests during the preceding Operating Year, provided, however, rooms let or made available to guests, customers or clients on a “complimentary” basis, without charge or for a reduced charge, regardless of the cause therefor, shall not be included in the calculation of the Average Daily Rate. Notwithstanding the above, and for the avoidance of doubt, the parties agree that Licensing Fee Revenues shall not include: (i) any revenues, receipts and income of any kind received by Licensee from “gaming”, as defined by Miss. Code Axx. ‘75-76-5(1) (as hereafter amended), at the Hotel/Casino; or (ii) revenues generated by Licensor at the Hard Rock Cafe and the Hard Rock Retail Store located at the Project.
Average daily rate means the average realized room rental per day.
Average daily rate. Array Colleges” and “Median Daily Rate—Array Colleges” shall be calculated from the Daily Rate calculation for each college as described above. The Average Daily Rate and Median Daily Rate do not include SCC in the calculation.
Average daily rate of the Premises shall be defined as its total room revenue divided by the number of rooms occupied during a twelve (12) month period. For purposes of the 2007 License Fee, the Average Daily Rate shall be calculated based on the twelve (12) month period beginning thirteen (13) months before the Effective Date. In the event that the Premises have been operational for less than two (2) months preceding the Effective Date, the Average Daily Rate shall be calculated based on LICENSEE’s good faith estimation of the Average Daily Rate for calendar year 2007 based on financial information currently available regarding the Premises. For purposes of any updated Schedule “A” submitted on or before October 1 of a calendar year pursuant to Paragraph 3.C of the Agreement, the Average Daily Rate shall be calculated based the twelve (12) month period beginning September 1 of the previous calendar year.