Operating Deficit
Operating Deficit. Shall mean the excess, if any, of (i) "Adjusted Facility Expenses" (defined below), over (ii) Gross Revenues generated by the operation of the Facility, determined monthly on a cash basis, commencing as of the Commencement Date.
Found in
SUNRISE SENIOR LIVING INC contract
Operating Deficit. Means, for any Quarter, the excess (if any) of Cash Expenditures over Cash Receipts.
All Definitions
Found in
HEADWATERS INC contract
