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