Operating Expenses

Operating Expenses. Expenses incurred in the operation of the VLT Facility, including payments and fees to the GLC, payments and fees to any other regulatory authority, costs of goods sold, employee expenses, employee taxes, general and administrative expenses, insurance premiums, utility expenses, costs of routine repairs and maintenance, marketing costs, costs of accountants, consultants and attorneys, operating costs of computer systems and communication lines, Allowed Interest Expense, depreciation expense (in... accordance with GAAP) lease or rental expense, payment of the Management Fee and video lottery taxes, but excluding the Incentive Fee, capital leases and capital expenditures (as defined under GAAP) and debt amortization. Any expenses which benefit Underground Atlanta but are not part of the VLT Facility shall be prorated. Lease payments to the City or to any other third party shall be disallowed to the extent properly allocable to purchase price (e.g., if the lease has a below market purchase option). View More

Operating Expenses. All consolidated operating, general and administrative expenses paid or incurred by CPA: 17, as determined under GAAP, except the following (insofar as they would otherwise be considered operating, general and administrative expenses under GAAP): (i) interest and discounts and other cost of borrowed money; (ii) taxes (including state and Federal income tax, property taxes and assessments, franchise taxes and taxes of any other nature); (iii) expenses of raising capital, including Organization... and Offering Expenses, printing, engraving, and other expenses, and taxes incurred in connection with the issuance and distribution of CPA: 17's Shares and Securities; (iv) Acquisition Expenses, real estate commissions on resale of property and other expenses connected with the acquisition, disposition, origination, ownership and operation of Investments, including the costs of foreclosure, insurance premiums, legal services, brokerage and sales commissions, maintenance, repair and improvement of property; (v) Acquisition Fees payable to the Advisor or any other party; (vi) Subordinated Disposition Fees payable to the Advisor or any other party under this Agreement and the corresponding fees payable to the Manager under the Management Agreement or to any other party; (vi) distributions paid by the Operating Partnership to the Special General Partner under the agreement of limited partnership of the Operating Partnership in respect of gains realized on dispositions of Investments; (vii) amounts paid to effect a redemption or repurchase of the special general partner interest held by the Special General Partner pursuant to the agreement of limited partnership of the Operating Partnership; and (viii) non-cash items, such as depreciation, amortization, depletion, and additions to reserves for depreciation, amortization, depletion, losses and bad debts. Notwithstanding anything herein to the contrary, Operating Expenses shall include the Asset Management Fee and any Loan Refinancing Fee and, solely for the purposes of determining compliance with the 2%/25% Guidelines, distributions of profits and cash flow made by the Operating Partnership to the Special General Partner pursuant to the agreement of limited partnership of the Operating Partnership, other than distributions described in clauses (vi) and (vii) of this definition. View More

Operating Expenses. All operating, general and administrative expenses paid or incurred by the Company, as determined under GAAP, except the following (insofar as they would otherwise be considered operating, general and administrative expenses under GAAP): (i) interest and discounts and other cost of borrowed money; (ii) taxes (including state and Federal income tax, property taxes and assessments, franchise taxes and taxes of any other nature); (iii) expenses of raising capital, including Organization and... Offering Expenses, printing, engraving, and other expenses, and taxes incurred in connection with the issuance and distribution of the Company's Shares and Securities; (iv) Acquisition Expenses, real estate commissions on resale of real estate interests and other expenses connected with the acquisition, disposition, origination, ownership and operation of real estate interests, mortgage loans, or other property, including the costs of foreclosure, insurance premiums, legal services, brokerage and sales commissions, maintenance, repair and improvement of property; (v) Acquisition Fees; (vi) Subordinated Disposition Fees payable under this Agreement and the corresponding fees payable to the Manager under the Management Agreement or to any other party; (vi) non-cash items, such as depreciation, amortization, depletion, and additions to reserves for depreciation, amortization, depletion, losses and bad debts; (vii) Termination Fees; (viii) Subordinated Incentive Fees; (ix) Asset Management Fees payable under this Agreement and the corresponding fees payable under the Management Agreement and (x) Loan Refinancing Fees payable under this Agreement and the corresponding fees payable under the Management Agreement. View More

Operating Expenses. All reasonable operating expenses of the Property, including, without limitation, those for maintenance, repairs, annual taxes, insurance, utilities, management fee equal to four percent (4%) of the difference of (i) Gross Income (as defined in the Cash Management Agreement) minus (ii) an amount equal to the sum of all reimbursements paid to Trustor by any tenants pursuant to any Leases, normalized capital expenditures equal to $0.20 per square foot per annum, and normalized tenant improvement... and leasing commission expenditures equal to $0.44 per square foot per annum, and other annual expenses that are standard and customary for properties similar to the Property, and which are set forth in the Annual Budget. Operating Expenses for this purpose shall not include any interest or principal payments on the Loan or any allowance for depreciation View More

Operating Expenses. The sum of the Company's or a business unit's research and development expenses and selling and general and administrative expenses during a Fiscal Quarter or Fiscal Year.

Operating Expenses. For any period, the current obligations of the Buyer or its affiliates with respect to the Property for such period, determined in accordance with an accounting system agreed upon by Buyer and Seller during the Due Diligence Period, or Extended Due Diligence Period, if properly extended, consistently applied, for operating expenses of the Property, but specifically excluding items (ii), (iii), (iv) and (v) within the definition of 'NOI' above and also excluding depreciation and principal and... interest payments, rents or other similar payments in connection with any financing of real property, personal property or improvements. View More

Operating Expenses. The sum of the Company's or a business unit's research and development expenses and selling and general and administrative expenses during a Performance Period

Operating Expenses. Are defined in Exhibit C (Provisions Regarding Additional Rent) attached hereto.

Operating Expenses. The expenses of Licensee (other than Management Expenses) for audit and legal costs.

Operating Expenses. All out-of-pocket expenses of the Adviser in performing services for the Company, including but not limited to the expenses incurred by the Adviser in connection with any provision by the Adviser of legal, accounting, financial, due diligence, investor relations and other services performed by the Adviser that outside professionals or outside consultants would otherwise perform. Operating Expenses also include the Company's pro rata share of rent, telephone, utilities, office furniture,... equipment, machinery and other office, internal and overhead expenses of the Adviser required for the Company's operations. Operating Expenses do not include expenses for the advisory services described in this agreement or administrative services described on Exhibit A to this Agreement View More