Amount of the Minimum Assured Income Sample Clauses

Amount of the Minimum Assured Income. The Minimum Assured Income for each calendar year for which Manager is entitled to receive the Minimum Assured Income under Section 5.2.1 shall be calculated, according to the following rules, using Manager’s 2015 budget and/or 2015 actual results. 5.2.2.1 The Gross Revenues shall be inflated two and one-half percent (2.5%) per calendar year to project the Gross Revenues for 2016, 2017, 2018 and any additional calendar years (or portions thereof). 5.2.2.2 All of the Operating Expenses other than the Base Management Fee, Capital Reserve and Incentive Management Fee shall be inflated two percent (2%) per calendar year to project the Operating Expenses (other than Base Management Fee, Capital Reserve and Incentive Management Fee) for 2016, 2017, 2018 and any additional calendar years (or portions thereof). 5.2.2.3 Using the projected Gross Revenues and Operating Expenses calculated under Sections 5.2.2.1 and 5.2.2.2, the Base Management Fee shall be calculated as provided in Section 6.1 of the Agreement for 2016, 2017, 2018 and any additional calendar years (or portions thereof). 5.2.2.4 Using the projected Gross Revenues and Operating Expenses calculated under Sections 5.2.2.1 and 5.2.2.2, the Capital Reserve shall be calculated as provided in Section 1.22.11 of the Agreement for 2016, 2017, 2018 and any additional calendar years (or portions thereof). In performing the calculation of the amount of the Capital Reserve, any amount in excess of the three percent (3%) provided by Section 1.22.11 and reflected in either the 2015 budget or 2015 actual results shall be disregarded. 5.2.2.5 Using the projected Gross Revenues, Operating Expenses, Base Management Fee, and Capital Reserve calculated under Sections 5.2.2.1, 5.2.2.2, 5.2.2.3, and
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Related to Amount of the Minimum Assured Income

  • Amount of Credit Any reference herein to the amount of credit outstanding means, at any particular time: (a) in the case of a Canadian Prime Rate Loan or CDOR Loan, the Dollar Equivalent of the principal amount thereof; and (b) in the case of a LIBOR Loan or U.S. Base Rate Loan, the principal amount of such Loan.

  • Minimum Amounts and Maximum Number of Eurodollar Tranches Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of Eurodollar Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof and (b) no more than ten Eurodollar Tranches shall be outstanding at any one time.

  • Minimum Amount of Each Borrowing; Maximum Number of Borrowings The aggregate principal amount of each Borrowing of Loans shall be in a multiple of $100,000 and shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on any date; provided that at no time shall there be outstanding more than four (4) Borrowings of LIBOR Loans under this Agreement.

  • Amount of Rs (. ) (not exceeding 95% of the total consideration) to be paid to the Promoter on completion of the lifts, water pumps, electrical fittings, electro, mechanical and environment requirements, entrance lobby/s, plinth protection, paving of areas appertain and all other requirements as may be prescribed in the Agreement of sale of the building or wing in which the said Apartment is located.

  • Amount of Swing Line Loans Upon the satisfaction of the conditions precedent set forth in Section 4.2 and, if such Swing Line Loan is to be made on the date of the initial Credit Extension hereunder, the satisfaction of the conditions precedent set forth in Section 4.1 as well, from and including the Restatement Effective Date and prior to the Facility Termination Date, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans in Dollars to the Borrower from time to time in an aggregate principal amount not to exceed the Swing Line Commitment, provided that (i) the Aggregate Outstanding Credit Exposure shall not at any time exceed the Aggregate Commitment and (ii) at no time shall the sum of (a) the Swing Line Loans then outstanding, plus (b) the outstanding Revolving Loans made by the Swing Line Lender pursuant to Section 2.1 (including its participation in any Facility LCs), exceed the Swing Line Lender’s Commitment at such time. Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow Swing Line Loans at any time prior to the Facility Termination Date.