COMMITMENTS AND CONTINGENCIES. The QSA JPA may be subject to lawsuits and claims arising out of the normal course of business. As of the date of this disclosure, and to the QSA JPA’s actual knowledge, there are no lawsuits or claims currently pending against the QSA JPA. By way of background, in December 2011, the Court of Appeal upheld the QSA JPA Agreement. (Quantification Settlement Agreement Cases (2011)
COMMITMENTS AND CONTINGENCIES. As of December 31, 2014, future minimum payments under all operating leases, net of related subleases, are as follows (in thousands): Capital Operating Lease Leases Total Years ending December 31, 2015 $ 87 $ 81 $ 168 2016 - - - 2017 - - - 2018 - - - Total minimum net payments $ 87 $ 81 $ 168 Less: amount representing interest - Present value of net minimum payments 87 Less: current portion (87 ) Long-term portion of capital lease obligations $ - Operating Leases In August 2009, the Company entered into an agreement to sublease office space for its headquarters in San Francisco, California, under an operating lease that commenced in November 2009 and expired on December 30, 2014. In July 2012, the Company entered into an agreement to sublease this subleased office space under terms generally equivalent to its existing commitment for a term that commenced in August 2012 and expired in December 2014. In August 2013, the Company leased office space of approximately 2,341 square feet for its corporate office in San Francisco, California under a five year lease that commenced in September 2014 and expires on August 31, 2018. On October 15, 2014, the Company terminated this lease, closed the office and was released from all obligations under this lease. The Company leases office space in Los Angeles, California of approximately of 4,803 square feet. The lease expires in July 2015. The Company terminated its lease and closed its Canadian office in Kitchener in August 2013. The Company entered into a 30-month operating lease agreement for various network operating equipment beginning in the fourth quarter of 2014. Rent expense under all operating leases was $0.1 million and $0.2 million for the years ended December 2014, and 2013, respectively.
COMMITMENTS AND CONTINGENCIES. Operating lease payments are charged to expense as incurred. Such rental expenses included in the consolidated statements of operations were $15.7 million, $13.7 million and $28.9 million for 2000, 1999 and 1998, respectively. The following is a summary of future minimum lease payments for all capital and operating leases as of December 31, 2000. Capital Leases Operating Leases Total In Thousands 2001 .......................................................... $3,325 $16,481 $19,806 2002 .......................................................... 1,290 11,859 13,149 2003 .......................................................... 671 9,954 10,625 2004 .......................................................... 208 8,997 9,205 2005 .......................................................... 8,549 8,549 Thereafter .................................................... 35,749 35,749 Total minimum lease payments .................................. $5,494 $91,589 $97,083 Less: Amounts representing interest ........................... 395 Present value of minimum lease payments ....................... 5,099 Less: Current portion of obligations under capital leases ..... 3,325 Long-term portion of obligations under capital leases ......... $1,774 The Company is a member of South Atlantic Canners, Inc. ("SAC"), a manufacturing cooperative, from which it is obligated to purchase a specified number of cases of finished product on an annual basis. The minimal annual purchases are approximately $40 million. The Company guarantees a portion of the debt for one cooperative from which the Company purchases plastic bottles. The Company also guarantees a portion of debt for SAC. See Note 15 to the consolidated financial statements for additional information concerning these financial guarantees. The total of all debt guarantees on December 31, 2000 was $35.7 million. The Company has entered into a purchase agreement for aluminum cans on an annual basis through 2003. The estimated annual purchases under this agreement are approximately $100 million for 2001, 2002 and 2003. On August 3, 1999, North American Container, Inc. ("NAC") filed a Complaint For Patent Infringement and Jury Demand (the "Complaint") against the Company and a number of other defendants in the United States District Court for the Northern District of Texas, Dallas Division, alleging that certain unspecified blow-molded plastic containers used, made, sold, offered for sale and/or used by the Company and other def...
COMMITMENTS AND CONTINGENCIES. As of June 30, 2015, future minimum net payments under all operating leases are as follows (in thousands): Capital Lease Operating Leases Total Six months ending December 31, 2015 $ 87 $ 24 $ 111 Years ending December 31, 2017 — — — Total minimum net payments $ 87 $ 24 $ 111 Less: amount representing interest — Present value of net minimum payments 111 Less: current portion (111 ) Long-term portion of capital lease obligations $ — Operating Leases In August 2009, the Company entered into an agreement to sublease office space for its headquarters in San Francisco, California, under an operating lease that commenced in November 2009 and expires on December 30, 2014. In July 2012, the Company entered into an agreement to sublease this subleased office space under terms generally equivalent to its existing commitment for a term that commenced in August 2012 and expires in December 2014. In August 2013, the Company leased office space of approximately 2,341 square feet for its corporate office in San Francisco, California under a five year lease that commenced in September 2014 and expires on August 31, 2018. On October 15, 2014, the Company terminated this lease, closed the office and was released from all obligations under this lease. The Company leases office space in Los Angeles, California of approximately of 4,803 square feet. The lease expires in August 2015. The Company entered into a 30-month operating lease agreement for various network operating equipment beginning in the fourth quarter of 2013. Rent expense under all operating leases was not significant for each of the three months ended June 30, 2015 and 2014, respectively.
COMMITMENTS AND CONTINGENCIES. The Partnership is the subject of, or a party to, a number of pending or threatened legal actions, contingencies and commitments involving a variety of matters, including laws and regulations relating to the environment. Some of these matters are discussed below. For matters for which the Partnership has not recorded an accrued liability, the Partnership is unable to estimate a range of possible losses for the reasons discussed in more detail below. However, the ultimate resolution of some of these contingencies could, individually or in the aggregate, be material.
COMMITMENTS AND CONTINGENCIES. In the normal course of business, there are outstanding various commitments and contingent liabilities, such as commitments to extend credit and legal claims, which are not reflected in the financial statements. Commitments under outstanding standby letters of credit totaled $224,000 at June 30, 1999 and 1998. The following is a summary of the commitments to extend credit at June 30, 1999: 1999 1998 ---- ---- Loan commitments: Fixed rate $ 685,125 $1,585,597 Adjustable rate 1,183,000 - Undisbursed commercial and personal lines of credit 4,393,796 1,628,128 Undisbursed portion of construction loans in process 4,019,310 1,932,310 Other loans in process 159,603 249,893 ----------- ---------- Total commitments to extend credit $10,440,834 $5,395,928 =========== ==========
COMMITMENTS AND CONTINGENCIES. We are involved in various claims incidental to the conduct of our business. Based on consultation with legal counsel, management does not believe that any claims, either individually or in the aggregate, to which we are a party will have a material adverse effect on our financial condition or results of operations. We are disputing certain amounts due under a technology license agreement with a third party. To date, this dispute has not involved the judicial systems. We have accrued our estimate of amounts due under this agreement. However, depending on the outcome of this dispute, the ultimate amount payable by us, as of December 31, 2000, could be up to $12.6 million. Net future minimum lease payments under operating leases that have initial or remaining noncancelable lease terms in excess of one year are: DECEMBER 31, 2000 -------------- (IN THOUSANDS) 2001................................................... $ 14,548 2002................................................... 12,627 2003................................................... 9,130 2004................................................... 5,935 2005................................................... 4,817 Thereafter............................................. 98,869 -------- Total (net of minimum sublease income of $4,403)......................................... $145,926 ======== Rent expense amounted to $13.7 million, $10.4 million and $7.8 million for 2000, 1999 and 1998, respectively. We lease office space in West Chester, Pennsylvania from certain of our stockholders. The lease expires in 2006. We have the option to extend the lease for an additional 10 years through 2016. Amounts paid for this lease in 2000, 1999 and 1998 were $1.2 million, $1.1 million and $1.1 million, respectively. We have various purchase commitments for materials, supplies and capital equipment incidental to the ordinary conduct of business. As of December 31, 2000 we had commitments for capital equipment of approximately $63 million. In the aggregate, such commitments are not at prices in excess of current market.
COMMITMENTS AND CONTINGENCIES. Commitments We have commitments, some of which are leases, related to real property, equipment and operating facilities. We also incur costs associated with leased land, rights-of-way, permits and regulatory fees. Future noncancelable commitments related to these items at December 31, 2019 are summarized below (in millions): 2020 2021 2022 2023 2024 Thereafter Total Leases(1) . . . . . . . . . . . . . . . . . . . . . $130 $ 99 $ 91 $ 69 $ 57 $ 308 $ 754 Other commitments(2) . . . . . . . . . . . . 272 296 292 276 271 968 2,375 Total . . . . . . . . . . . . . . . . . . . . . . . . $402 $395 $383 $345 $328 $1,276 $3,129
COMMITMENTS AND CONTINGENCIES. The Company is party to various legal proceedings in the ordinary course of business which it does not believe will result, in the aggregate, in a material adverse effect on its financial position or results of operations. -------------------------------------------------------------------------------- TELEWEST COMMUNICATIONS PLC --------------------------------------------------------------------------------
COMMITMENTS AND CONTINGENCIES. The Company leases certain facilities and equipment under agreements expiring at various dates through 2080. At March 31, 1995, future minimum payments for noncancellable operating and capital leases with initial or remaining terms in excess of one year are as follows: OPERATING LEASES --------------------- REAL ESTATE EQUIPMENT CAPITAL LEASES TOTAL ----------- --------- -------------- -------- (IN THOUSANDS) 1996.................. $ 44,363 $11,788 $ 1,243 $ 57,394 1997.................. 31,275 9,084 11,394 51,753 1998.................. 18,866 7,070 1,243 27,179 1999.................. 12,535 5,756 1,243 19,534 2000.................. 4,098 5,198 1,243 10,539 Thereafter............ 78,741 8,385 87,126 -------- ------- ------- -------- $189,878 $38,896 $24,751 $253,525 ======== ======= ======= ======== Real estate lease commitments have been reduced by minimum sublease rentals of $60,939,000 due in the future under noncancellable subleases. The present value of the minimum lease payments for capital leases is $17,168,000, net of imputed interest of $7,583,000. Leases covering major items of real estate and equipment contain renewal and or purchase options which may be exercised by the Company. Rent expense, net of sublease income of $11,429,000, $7,285,000 and $4,499,000, was $84,884,000, $60,891,000 and $47,175,000, in 1995, 1994 and 1993, respectively. At March 31, 1995, outstanding letters of credit were approximately $262,000,000. In April 1995, the Federal Aviation Administration ("FAA") awarded the Company a contract modification valued at $955,000,000 to upgrade the nation's air traffic control system, thereby eliminating the uncertainty concerning the status of the program. This contract modification was issued following the conclusion of the FAA's comprehensive review, begun in December 1993, of the Company's air traffic control program. Management is continually assessing its obligations with respect to applicable environmental protection laws. While it is difficult to determine the timing and ultimate cost to be incurred by the Company in order to comply with these laws, based upon available internal and external assessments, the Company believes that even without considering potential insurance recoveries, if any, there are no environmental loss contingencies that, individually or in the aggregate, are material. The Company accrues for these contingencies when it is probable that a liability has been incurred and the amount of the loss can be reas...
