Operating Amount definition

Operating Amount means an amount, whether positive or negative, equal to the Interim Revenue Amount minus the Interim Expense Amount and calculated in a manner that is consistent with the illustrative calculation in Exhibit C; provided, that, notwithstanding anything herein to the contrary, for purposes of computing the Operating Amount for a Closing Date that occurs on a day other than the first day of a month, the components of the Operating Amount related to the operations of the Company during the Closing Month will be allocated to the Interim Period on a pro rata basis using a fraction, the numerator of which is the number of days in the Closing Month prior to the Closing Date and the denominator of which is the number of days in the Closing Month.
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Operating Amount means Cdn. $35,000,000 or such other maximum amount as may be available to the Borrower from time to time under the Operating Credit Agreement;
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Operating Amount. As defined in Section 3.1.
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Examples of Operating Amount in a sentence

  • In the event that RE Advisers is liable for an Excess Operating Amount with respect to a Fund pursuant to Section 1.3, RE Advisers shall pay such Excess Operating Amount by first waiving or reducing (i) its Management Fee for such month, in the case of a Fund other than the Stock Index Fund, or (ii) its Administrative Fee for such month, in the case of the Stock Index Fund.

  • In the event the Excess Operating Amount exceeds the amount of the Management Fee or Administrative Fee for the month, as applicable, RE Advisers, in addition to waiving its entire Management Fee or Administrative Fee for such month, shall also assume as its own expense and reimburse the Fund for the difference between the Excess Operating Amount and the Management Fee or Administrative Fee.

  • If the year to date Fund Operating Expenses for any month exceed the year to date Operating Expense Limit, the Investment Manager shall first waive or reduce its investment management fee for such month, as appropriate, to the extent necessary to pay such Excess Operating Amount.

  • If the annualized Fund Operating Expenses for any month exceed the Operating Expense Limit, the Investment Manager shall first waive or reduce its investment management fee for such month, as appropriate, to the extent necessary to pay such Excess Operating Amount.

  • To determine the Investment Manager’s liability for the Excess Operating Amount, Fund Operating Expenses are compared to the Operating Expense Limit.

  • To determine the Investment Manager's liability for the Excess Operating Amount, the Fund Operating Expenses shall be annualized monthly as of the last day of the month.

  • Apple shall make available to the Orthodontic Entity an interest free line of credit ("Initial Working Capital Line") for the initial working capital needs of the Orthodontic Entity, up to a maximum amount equal to the reduction in Net Operating Amount attributable to changes in patient payment schedules.

  • The loans, if any, shall be repaid to Apple out of the Net Operating Amount generated in subsequent months and become immediately due and payable if the Orthodontist terminates his employment with the Orthodontic Entity, for any reason.

  • Not permit the Cumulative Net Cash Operating Amount as of the last day of any Fiscal Quarter to exceed $(5,000,000) (negative) (excluding any Interest Expense), provided that the Cumulative Net Cash Operating Amount shall be prorated for the number of days in the Fiscal Quarter in which the Closing Date occurs.

  • Any amounts reimbursed to Apple under Section 6.1(c) shall be available to reduce amounts due to Apple in future months to the extent the Net Operating Amount for such future month exceeds 45% of the Orthodontic Entity's and Orthodontist's Cash Receipts so long as the applicable month to which this Section 6.2 applies is within the same calendar year as the month in which the obligation to reimburse Apple for amounts under Section 6.1(c) arose.


More Definitions of Operating Amount

Operating Amount means $22,000,000.
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Operating Amount means, as of any date of determination, an amount ---------------- equal to the UK Sub's or Canadian Sub's, as applicable, anticipated expenditures (forecasted for the next 30 days) that are to be made in the ordinary course of business, including, without limitation, taxes, payroll expenses, or lease payments.
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Operating Amount means an amount, whether positive or negative, equal to the Interim Revenue Amount minus the Interim Expense Amount and calculated in a manner that is consistent with the illustrative calculation in Exhibit C ; provided , that, notwithstanding anything herein to the contrary, for purposes of computing the Operating Amount for a Closing Date that occurs on a day other than the first day of a month, the components of the Operating Amount related to the operations of the Company during the Closing Month will be allocated to the Interim Period on a pro rata basis using a fraction, the numerator of which is the number of days in the Closing Month prior to the Closing Date and the denominator of which is the number of days in the Closing Month.
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Related to Operating Amount

  • Ceiling Amount has the meaning assigned to such term in Section 9.10(a).

  • Funding Amount has the meaning specified in Section 3.2(a).

  • Booking Amount means 10% of the Total Consideration of the Apartment which includes the Application Money;

  • Closing Amount has the meaning set forth in Section 2.2.

  • Pre-Funding Amount With respect to any date, the amount on deposit in the Pre-Funding Account.