Net Operating Income Definition Example

This example Net Operating Income definition appears in 2 contracts from 1 company

Net Operating Income. Shall mean the "Gross Income" generated by the Project less Adjusted Operating Expenses, adjusted down by Holder in its reasonable discretion to reflect a ninety-five (95%) percent occupancy on a per Mortgaged Property basis for of the Project.
AMERCO Contracts

FINANCIAL INFORMATION (Filed With SEC on November 18, 2002)

FINANCIAL INFORMATION (Filed With SEC on November 18, 2002)

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