Current Portion definition

Current Portion of any liability means that balance of such liability which is required to be shown as a Current Liability on the balance sheet in accordance with GAAP.
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Current Portion is equal to the vesting percentage as of such date (as determined in accordance with the vesting provisions set forth in Section 4 hereof) multiplied by the Participating Investment Entitlement.
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Current Portion means, with respect to any Indebtedness, as of any date, that portion of such Indebtedness that is due and payable within thirteen months.
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Examples of Current Portion in a sentence

  • The Cash Interest Entitlement and the Current Portion of any Participating Investment Entitlement that Participant is entitled to receive pursuant to clause (ii) above will be payable to the Participant in cash within five business days of Whitehall’s receipt of such Capital Event Proceeds (as a Cash Distribution) and the remainder of such Participating Investment Entitlement will be escrowed and distributed to Participant in accordance with the vesting provisions set forth in Section 4 hereof.

  • The Cash Interest Entitlement and the Current Portion of the Participating Investment Entitlement will be payable to the Participant in cash within five business days of Whitehall’s receipt of such Operating Proceeds (as a Cash Distribution) and the remainder of the Participating Investment Entitlement will be escrowed and distributed to Participant in accordance with the vesting provisions set forth in Section 4 hereof.

  • The Borrower will maintain on a quarterly basis to be tested as of the end of each of Borrower's fiscal quarters and calculated for the previous four quarters on a rolling basis, a ratio of EBITDA plus rental expense to the aggregate of the Consolidated Current Portion of Long Term Liabilities, plus Consolidated interest expense, plus rental expense, plus Consolidated federal, state and local income taxes for such period of not less than 1.25 to 1.00.

  • The Trust shall use separate stationery and other business forms and shall maintain separate records and books of account from those of the Originator.

  • The Current Portion of the bonus, if any, shall be payable upon determination of the amount due, approximately 75 days after the end of the fiscal year.


More Definitions of Current Portion

Current Portion means a percentage of each Over-Achievement Award to be determined by the Committee prior to the Determination Date. The Current Portion shall be paid on a current basis following the Performance Period during which such portion was earned in accordance with Section 4.3(b).
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Current Portion means the portion of an Award that is not deferred pursuant to Section 10.
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Current Portion with respect to any Person or consolidated group of Persons shall mean the portion (determined in accordance with GAAP) of long-term Debt of such Person(s) shown as a current liability on the consolidated balance sheet of such Person(s);
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Current Portion means that portion of Current/Delinquent Accounts Receivable which are outstanding less than 121 days after the first invoice date. I certify to Lenders that (a) I am the ____________________ (chief financial officer or treasurer) of Pool Company on the date hereof, and (b) based on the aged trial balance of trade accounts receivables of the Material Obligors for the accounting month set forth on the schedules attached hereto, the following is a true and correct calculation of the Borrowing Base as defined in the Credit Agreement:
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Current Portion shall have the meaning set forth in Section 2.3.
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Current Portion means, with respect to each Effective Time Holder, a fraction, (a) the numerator of which is the number of shares of Acquirer Common Stock originally issued by Acquirer to such Effective Time Holder pursuant to Section 1.8(a) and continuously held by such Effective Time Holder (including (i) any Escrow Shares distributed to such Effective Time Holder in accordance with Article 8 and the Escrow Agreement and (ii) any Unvested Acquirer Stock but excluding any shares subject to any pledge, option, hedging, forward purchase or other Contract pursuant to which the economic consequences of ownership of the Acquirer Common Stock have been transferred) during the period beginning on the Closing Date and ending on the Top-Up Payment Date, and (b) the denominator of which is the number of shares of Acquirer Common Stock originally issued by Acquirer to such Effective Time Holder pursuant to Section 1.8(a) (including any Escrow Shares such Effective Time Holder has a right to receive and any shares of Unvested Acquirer Stock).
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Current Portion means, at any time, as to any Long-Term Debt, the portion thereof scheduled to mature within one year. First Supplemental Indenture ----------------------------
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