Management Expense definition

Management Expense means with respect to any Property, 3% of revenues derived from the operation of such Property.
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Management Expense means, with respect to any Eligible Property for any period, an amount equal to three percent (3%) of the Gross Golf Revenues during such period with respect to each such Eligible Property.
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Examples of Management Expense in a sentence

  • As a general rule, business entertainment must be within the limits of the Asset & Wealth Management Expense Policy and applicable local expense policies, and will not be considered a gift to the Client / third-party provider if the employee is present for the business entertainment.

  • Charitable contributions made on behalf of JPMC must adhere to the Firmwide Code of Conduct and the Asset & Wealth Management Expense Policy.

  • Charitable contributions made on behalf of JPMC must adhere to the requirements of the Firmwide Code of Conduct and the Asset & Wealth Management Expense Policy and be pre-cleared with Compliance.

  • Additionally, as the Borrowing Base Property financial information becomes available (i.e. after the Borrowing Base Property has been in operation for one quarter, two quarters, etc.) such actual information shall be used, as adjusted, by “annualizing” the amounts so that such amounts are received on a monthly basis over the course of a year and fairly stated for each period, and as further adjusted for “property expenses,” Management Expense and Replacement Reserves.

  • Alamo will further provide operational support which includes, SFA, Sample Management, Expense Reporting, and Learning Management System.

  • The Advisor's 1% Management Expense Allowance will be increased annually by an amount corresponding to the percentage increase in the Consumer Price Index for all urban consumers ("CPI-AUC")-Louisville or a comparable Consumer Price Index, if any, which increase will in no event result in the Fund's Operating Expenses exceeding the limitation noted in footnote (3) above.

  • NAV and Management Expense Ratio calculationsAn investment fund must, upon calculating the NAV of the investment fund make the following information available to the public at no cost:·the NAV of the investment fund; and·the NAV per security of the investment fund.An investment fund may also disclose its calculation of Management Expense Ratio as set out in NI 81-106.

  • Additionally, as the Borrowing Base Asset financial information becomes available (i.e. after the Borrowing Base Asset has been in operation for one quarter, two quarters, etc.) such actual information shall be used, as adjusted, by “annualizing” the amounts so that such amounts are received on a monthly basis over the course of a year and fairly stated for each period, and as further adjusted for “property expenses,” Management Expense and Replacement Reserves.

  • The Management Expense Allowance shall exclude amounts paid by the Advisor on behalf of the Fund to third parties.

  • The categories are as follows: Revenue (BUs); Product Roadmap (BUs only); Strategic Objectives; People Management; Expense Management.

Related to Management Expense

  • Management Expenses means the Management Expenses more particularly described in Clause 10.1;

  • Medical Expense means an expense incurred at the time a past member or his or her health reimbursement account dependent is furnished the medical care or service. To be considered a medical expense under this act, the expense shall meet all of the following conditions:

  • Extra Expense means expense or cost incurred (1) to continue the conduct of the Assured’s business,

  • Covered Expense means expense incurred only for the following:

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.

  • Rent Expense means, for any Person for any period of determination, such Person’s operating lease expense computed in accordance with GAAP, including, without limitation, all contingent rentals, but excluding all common area maintenance expenses.

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Loss Adjustment Expense means costs and expenses incurred by the Company in connection with the investigation, appraisal, adjustment, settlement, litigation, defense or appeal of a specific claim or loss, or alleged loss, including but not limited to:

  • Consolidated Rent Expense means, for any period, the total rent expense with respect to real and personal property of the Borrower for such period, as determined on a Consolidated basis and as reported in its financial statements.

  • Approved Operating Expenses operating expenses incurred by Borrower which (i) are included in the Approved Operating Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Property or (iii) have been approved by Lender, such approval not to be unreasonably withheld, conditioned or delayed.

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.

  • Medical Expenses means those expenses that an Insured Person has necessarily and actually incurred for medical treatment on account of Illness or Accident on the advice of a Medical Practitioner, as long as these are no more than would have been payable if the Insured Person had not been insured and no more than other hospitals or doctors in the same locality would have charged for the same medical treatment.

  • Rental Expense means, with respect to any period, the aggregate amount of rental payments made by the Company and its Subsidiaries (determined on a consolidated basis) for such period with respect to operating leases.

  • Emergency Expenditures means any of the eligible expenditures set forth in the CERC Manual referred to in Section I.F of Schedule 2 to this Agreement and required for the Contingent Emergency Response Part.

  • Consolidated Maintenance Capital Expenditures means, for any period, the aggregate amount of expenditures for additions to property, plant, and equipment that are not Consolidated Expansion Capital Expenditures.

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Current Expenses means operating costs other than personal services and shall not

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

  • O&M Expenses means expenses incurred by or on behalf of the Developer or by the Authority, as the case may be, for all O&M including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) insurance premium, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under the O&M Contract, or any other contract in connection with or incidental to O&M, and (g) all other expenditure required to be incurred under Applicable Laws, Applicable Permits or this Agreement.

  • Lease Expense means, with respect to any Person, for any period for such Person and its subsidiaries on a Consolidated basis, lease and rental expense accrued during such period under all leases and rental agreements, other than Capital Leases and leases of personal property, determined in conformity with GAAP.

  • Emergency Expenditure means any of the Eligible Expenditures set forth in the CERC Operations Manual in accordance with the provisions of Section I.G of Schedule 2 to this Agreement and required for the activities included in the CERC Part of the Project.