Application of Revenue Sample Clauses
Application of Revenue. The Provider acknowledges that the receiver will apply the gross revenue from the Development, which it recovers or receives from time to time, as follows:
a. firstly, in payment of all costs, charges and expenses of or incidental to the appointment of the receiver and the exercise by it of all or any of its powers, including the reasonable remuneration of the receiver which is to be approved by BC Housing, and all outgoings properly payable by the receiver, together with all legal costs in respect thereof on a solicitor and client basis;
b. secondly, in payment of all operating expenses for the Development;
c. thirdly, if required by BC Housing, in repayment of any applicable subsidies and accumulated funds; and
d. lastly, to pay any balance to BC Housing.
Application of Revenue. The Provider acknowledges that the receiver will apply the gross revenue from the Development, which it recovers or receives from time to time, as follows:
a. firstly, in payment of all costs, charges and expenses of or incidental to the appointment of the receiver and the exercise by it of all or any of its powers, including the reasonable remuneration of the receiver which is to be approved by BC Housing, and all outgoings properly payable by the receiver, together with all legal costs in respect thereof on a solicitor and client basis;
b. secondly, in payment of all operating expenses under an Operating Budget and/or Support Services Budget;
c. thirdly, if required by BC Housing, in repayment of any applicable subsidies and accumulated funds; and
d. lastly, to pay any balance to BC Housing.
Application of Revenue. The City will in each year of the Term, retain all Revenue generated and account for and apply all Revenue generated or received as follows:
(a) firstly to payment of Operational and Capital Costs; and
(b) secondly to payment of any surplus to the Region Without limiting the generality of the foregoing the City covenants and agrees that it will not seek reimbursement, compensation or payment, except in respect of damages sustained as a result of a breach by the Region of any term or provision of this Agreement to be expressly observed or performed by the Region and other than as set out in this Agreement for any Costs incurred by the City in the fulfillment of its duties, obligations and covenants under this Agreement or any other agreement between the City and the Region in respect of the Facilities even if Costs exceed Revenue.
Application of Revenue. Landlord shall apply to the payment of Operating Expenses the net revenue received by Landlord from the provision of after hours heating, ventilation and air-conditioning, and from metered above building standard electrical service.
Application of Revenue. Qualifying revenue (i.e., that Inacom service revenue that qualifies for application against Compaq's annual revenue targets) shall be applied when paid by Compaq or when due from a party other than Compaq.
Application of Revenue. New Manager shall apply all such Revenue as follows, and in the following order of priority, all of which State Street hereby consents to for purposes of the TRO (collectively, the "Waterfall"):
Application of Revenue. CRHC acknowledges that the receiver will apply the gross revenue from the Development, which it recovers or receives from time to time, as follows:
a. firstly, in payment of all costs, charges and expenses of, or incidental to, the appointment of the receiver and the exercise by it of all or any of its powers, including the reasonable remuneration of the receiver which is to be approved by CRD, and all outgoings properly payable by the receiver, together with all legal costs in respect thereof on a solicitor and client basis;
b. secondly, in payment of all operating expenses for the Development;
c. thirdly, if required by CRD, in repayment of any applicable subsidies and accumulated funds; and
d. lastly, to pay any balance to CRD.
Application of Revenue by both THE CO-
Application of Revenue