Fixed Operating Expenses definition
Fixed Operating Expenses for any period, all fixed costs and expenses of owning, and operating the Facilities in the aggregate except where the Agreement expressly provides that Fixed Operating Expenses shall be determined for each Facility to the extent such costs and expenses are not included in Operating Expenses, including but not limited to (a) Managers' Base Management Fee (excluding the amount of any Accrued Management Fee accrued during such period); (b) all amounts to be paid into the Reserve Account and the cost of Capital Improvements approved by Owners not funded from the Reserve Account; (c) the debt service on account of the Senior Loan; (d) the real and personal property ad valorem taxes and assessments; and (e) all costs and expenses of all property and casualty insurance on or in respect of the Facilities provided for herein and the amount of all self-insured losses or deductibles. Fixed Operating Expenses shall not include the Excluded Expenses. Furnishings and Equipment: all furniture, furnishings, beds, equipment, food service equipment, apparatus and other personal property used in (or if the context so dictates, required in connection with), the operation of each Facility, other than Operating Equipment, Operating Supplies and fixtures attached to and forming part of the Improvements.
Fixed Operating Expenses for any period, all fixed costs and expenses of owning, and operating each Facility (determined separately for each Facility) to the extent such costs and expenses are not included in Operating Expenses, including but not limited to (a) Managers' Base Management Fee (excluding the amount of any Accrued Management Fee accrued during such period); (b) all amounts to be paid into the Reserve Account and the cost of Capital Improvements approved by Owners not funded from the Reserve Account; (c) the debt service on account of the Senior Loan; (d) the real and personal property ad valorem taxes and assessments; and (e) all costs and expenses of all property and casualty insurance on or in respect of the Facilities provided for herein and the amount of all self-insured losses or deductibles. Fixed Operating Expenses shall not include the Excluded Expenses. Furnishings and Equipment: all furniture, furnishings, beds, equipment, food service equipment, apparatus and other personal property used in (or if the context so dictates, required in connection with), the operation of each Facility, other than Operating Equipment, Operating Supplies and fixtures attached to and forming part of the Improvements.
Fixed Operating Expenses means the monthly Fixed Operating Expenses for each of the Drillship and the Rig at the applicable time as defined in the applicable O&M Contract.
Examples of Fixed Operating Expenses in a sentence
In such event, the terms and conditions of each separate management agreement shall be the same as this Agreement, except Total Revenues, Operating Expenses, Fixed Operating Expenses, Operating Profit and Operating Deficit shall be computed only with respect to the Facilities subject to each separate management agreement.
The Lessor shall be furnished with proof of insurance stating the coverage.
Until an Annual Plan is approved for each Operating Year, the item or items in question will be replaced by an amount equal to such budget item for the Operating Year prior thereto, except for Fixed Operating Expenses over which Manager has no control and except for Capital Improvements as to which the item or items will be replaced with $250 per Operating Year per unit for each Facility.
Notwithstanding the foregoing, Managers shall not expend more than the aggregate budget category for each of Operating Expenses, Fixed Operating Expenses and Capital Improvements with respect to each Facility or exceed any line item in Operating Expenses or Capital Improvements for a Facility by more than ten percent (10%) without an Owner's prior approval.
Landlord and Tenant agree that except for the increases in the Monthly Fixed Operating Expenses as provided above, the Monthly Fixed Operating Expenses shall not be reconciled against the actual operating expenses incurred by Landlord at any time during the Lease Term.
More Definitions of Fixed Operating Expenses
Fixed Operating Expenses shall have the meaning specified in the Indenture.
Fixed Operating Expenses shall exclude any expenses attributable to the Facility during the term of this Agreement other than the Facility Debt Service.
Fixed Operating Expenses. DCC's projected fixed expenses are based on the level of fixed manufacturing expenses, research and development (both included in manufacturing cost of sales), and marketing and administrative expenses assumed to be necessary to achieve sales and volume targets during the Projection Period. DCC will incur increasing levels of fixed operating expenses. 6. Capital Expenditures: The Projections assume aggregate capital expenditures from 1998 through 2002 in an amount assumed to be sufficient to maintain DCC's manufacturing facilities, to expand production capacity to meet increasing demand, to provide for selective strategic investments and to provide the necessary capital improvements to comply with environmental regulations. The Projections assume that all capital expenditures are funded with internally generated cash with the exception of Hemlock Semiconductor Corporation ("HSC"), a majority owned joint venture (see Minority Interests in Consolidated Joint Ventures). HSC funds its capital expenditures with cash from HSC operations and a revolving credit facility.
Fixed Operating Expenses for any period, all fixed costs and expenses of owning, and operating the Facilities in the aggregate except where the Agreement expressly provides that Fixed Operating Expenses shall be determined for each Facility to the extent such costs and expenses are not included in Operating Expenses, including but not limited to (a) all amounts to be paid into the Reserve Account and the cost of Capital Improvements approved by Owners not funded from the Reserve Account; (b) the debt service on account of the then Senior Loan; provided, however, that solely for purposes of calculating the Additional Management Fee under Section 7.2, the Senior Loan shall be deemed to be the amount of $131,388,750 and the debt service shall be interest only at the then interest rate of the Senior Loan; (c) the real and personal property ad valorem taxes and assessments; (d) the Base Management Fee and the Additional Management Fee; and (e) all costs and expenses of all property and casualty insurance on or in respect of the Facilities provided for herein and the amount of all self-insured losses or deductibles. Fixed Operating Expenses shall not include the Excluded Expenses.
Fixed Operating Expenses for any period, all fixed costs and expenses of owning, and operating the Facilities in the aggregate, except where the Agreement expressly provides that Fixed Operating Expenses shall be determined for each Facility, to the extent such costs and expenses are not included in Operating Expenses, including but not limited to (a) all amounts to be paid into any reserve account and the cost of Capital Improvements approved by Owners including those funded from any reserve account; (b) the debt service on account of the then Senior Loan; (c) the real and personal property ad valorem taxes and assessments; (d) the Base Management Fee; and (e) all costs and expenses of all property and casualty insurance on or in respect of the Facilities provided for herein and the amount of all self-insured losses or deductibles. Fixed Operating Expenses shall not include the Excluded Expenses.
Fixed Operating Expenses. (“FOE”): Operating Expenses: USD$5,954.00 Capital Repairs/Replacements: USD$1,431.12 Total FOE: USD$7,385.12
Fixed Operating Expenses means operating and management expense for the Demised Premises which are not “Variable Operating Expenses” and which shall not exceed thirty- four percent (34%) of the Gross Income, and shall include: (i) administrative expenses;