NOTES PAYABLE AND LONG-TERM DEBT Sample Clauses

NOTES PAYABLE AND LONG-TERM DEBT. Notes payable and long-term debt consisted of the following at September 30: 1994 1993 ------ ------ (In thousands) $12,000,000 line of credit with a lender, paid in full during 1994 $ -- $8,888 $9,500,000 line of credit with a lender collateralized by substantially all assets, with interest payments due monthly at the prime rate plus three percent through December 31, 1994 (10.75 percent at September 30, 1994) and at the prime rate plus two percent effective January 1, 1995 until April 1997 when all remaining principle and interest is due. Borrowings under this line of credit are limited to the borrowing base defined substantially as a percentage of inventory, as defined, and 75 percent of eligible accounts receivable, as defined and adjusted in the agreement 6,848 --
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NOTES PAYABLE AND LONG-TERM DEBT. Notes payable and long-term debt are as follows: ------------------- 2001 2000 -------- -------- a $(.2) million adjustment to fair market value as of December 31, 2001; interest payable semi-annually in May and November at 6 5/8%; principal due at maturity in 2004...................................................... $ 224.3 $ 224.3 $375.0 million unsecured notes, net of unamortized discount of $.5 million; interest payable semi-annually in May and $450.0 million unsecured notes, net of unamortized discount of $2.6 million; interest payable semi-annually in February and August at 6 3/4%; principal due at maturity $1.0 billion unsecured revolving credit facility; interest payable using LIBOR based rates (2.68% at December 31, Tax-exempt bonds and other tax-exempt financing; interest from 1.35% to 5.12% at December 31, 2001); maturities Other notes including unsecured and secured by real property, equipment and other assets; interest rates ranging from 1.5% to 10.0%; maturing through 2012......... 38.3 68.4 -------- -------- 1,367.7 1,256.7 Less: Current portion....................................... (33.6) (56.5) -------- -------- $1,334.1 $1,200.2 ======== ======== Aggregate maturities of notes payable and long-term debt as of December 31, 2001 are as follows: YEAR ENDING DECEMBER 31, ------------ 2002........................................................ $ 33.6 2003........................................................ 3.8 2004........................................................ 229.1 2005........................................................ 4.2 2006........................................................ 3.9 Thereafter.................................................. 1,096.0 -------- $1,370.6 ======== As of December 31, 2001, the Company had approximately $691.4 million of availability under its revolving credit facility. As of December 31, 2001, the Company had $142.3 million of restricted cash of which $115.2 million were proceeds from the issuance of tax-exempt bonds and other tax-exempt financing and will be used to fund capital expenditures. Restricted cash also includes amounts held in trust as a financial guarantee of the company's performance. The Company made interest payments on notes payable and long-term debt of approximately $70.4 million, $83.4 million and $53.7 million (net of capitalized interest of $3.3 million, $2.9 million and $5.6 million) for the years ended December 31, 2001, 2000 and 1999, respectively. In August 2001,...
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NOTES PAYABLE AND LONG-TERM DEBT. Notes payable and long-term debt are as follows: -------- -------- $225.0 million unsecured notes, net of unamortized discount of $1.0 million; interest payable semi-annually in May and November at 6 5/8%; principal due at maturity in 2004..... $ 224.0 $ -- $375.0 million unsecured notes, net of unamortized discount of $.5 million; interest payable semi-annually in May and
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NOTES PAYABLE AND LONG-TERM DEBT. The amounts recorded as notes payable and long-term debt attributed to the Division represent borrowings under InfoCure's credit facility or other note agreements which were used primarily to acquire the Contributed Business, or acquire other assets of the Division. InfoCure was not in compliance with certain pre-amendment financial covenants contained in the credit facility as of June 30, 2000 and received a waiver for such non-compliance. During July 2000 InfoCure finalized negotiations to amend to the credit facility to eliminate certain financial covenants and establish new financial covenants. The first measurement date for the new financial covenants is September 30, 2000 and PracticeWorks was in compliance with the credit facility as of that date.
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NOTES PAYABLE AND LONG-TERM DEBT. Notes Payable and Long-term debt consists of the following (in thousands): AUGUST 31, ------------------ -------- ------- Term loans (a).............................................. $ 25,000 $33,333 Short term line of credit (b)............................... -- -- Borrowings under revolving credit facility (c).............. -- -- Convertible debt (d)........................................ 345,000 -- -------- ------- Total notes payable and long-term debt...................... 370,000 33,333 Less current installments of long-term debt................. 8,333 8,333 Notes payable and long-term debt, less current -------- ------- --------------- (a) In May 1996, the Company completed a private placement of $50,000,000 Senior Notes due 2004. The Notes have a fixed interest rate of 6.89%, with interest payable on a semi-annual basis. Principal is payable in six equal annual installments which began May 30, 1999.
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Related to NOTES PAYABLE AND LONG-TERM DEBT

  • Excess Nonrecourse Liabilities Solely for purposes of determining a Member's share of the "excess nonrecourse liabilities" of the Company within the meaning of Regulations Section 1.752-3(a)(3), the Members' interests in Company profits are in proportion to their Percentage Interests.

  • Payment of Outstanding Indebtedness, etc The Administrative Agent shall have received evidence that immediately after the making of the Loans on the Closing Date, all Indebtedness under the Existing Credit Agreement and any other Indebtedness not permitted by Section 7.04, together with all interest, all payment premiums and all other amounts due and payable with respect thereto, shall be paid in full from the proceeds of the initial Credit Event, and the commitments in respect of such Indebtedness shall be permanently terminated, and all Liens securing payment of any such Indebtedness shall be released and the Administrative Agent shall have received all payoff and release letters, Uniform Commercial Code Form UCC-3 termination statements or other instruments or agreements as may be suitable or appropriate in connection with the release of any such Liens.

  • Ventures, Subsidiaries and Affiliates; Outstanding Stock and Indebtedness Except as set forth in Disclosure Schedule (3.8), as of the Closing Date, no Credit Party has any Subsidiaries, is engaged in any joint venture or partnership with any other Person, or is an Affiliate of any other Person. All of the issued and outstanding Stock of each Credit Party is owned by each of the Stockholders and in the amounts set forth in Disclosure Schedule (3.8). Except as set forth in Disclosure Schedule (3.8), there are no outstanding rights to purchase, options, warrants or similar rights or agreements pursuant to which any Credit Party may be required to issue, sell, repurchase or redeem any of its Stock or other equity securities or any Stock or other equity securities of its Subsidiaries. All outstanding Indebtedness and Guaranteed Indebtedness of each Credit Party as of the Closing Date (except for the Obligations) is described in Section 6.3 (including Disclosure Schedule (6.3)).

  • Total Debt The total Debt of all Consolidated Subsidiaries of the Borrower, excluding the Debt, if any, owed by such Consolidated Subsidiaries to the Borrower or another Consolidated Subsidiary of the Borrower, will at no time exceed an amount equal to $500,000,000 (or the Exchange Equivalent thereof).

  • Representative Capacity; Nonrecourse Obligations A COPY OF THE DECLARATION OF TRUST OR OTHER ORGANIZATIONAL DOCUMENT OF EACH FUND IS ON FILE WITH THE SECRETARY OF THE STATE OF THE FUND'S FORMATION, AND NOTICE IS HEREBY GIVEN THAT THIS AGREEMENT IS NOT EXECUTED ON BEHALF OF THE TRUSTEES OF ANY FUND AS INDIVIDUALS, AND THE OBLIGATIONS OF THIS AGREEMENT ARE NOT BINDING UPON ANY OF THE TRUSTEES, OFFICERS, SHAREHOLDERS OR PARTNERS OF ANY FUND INDIVIDUALLY, BUT ARE BINDING ONLY UPON THE ASSETS AND PROPERTY OF EACH FUND'S RESPECTIVE PORTFOLIOS. THE CUSTODIAN AGREES THAT NO SHAREHOLDER, TRUSTEE, OFFICER OR PARTNER OF ANY FUND MAY BE HELD PERSONALLY LIABLE OR RESPONSIBLE FOR ANY OBLIGATIONS OF ANY FUND ARISING OUT OF THIS AGREEMENT.

  • Minimum Gain Chargeback (Nonrecourse Liabilities) Except as otherwise provided in Section 1.704-2(f) of the Regulations, if there is a net decrease in Partnership Minimum Gain for any Partnership fiscal year, each Partner shall be specially allocated items of Partnership income and gain for such year (and, if necessary, subsequent years) in an amount equal to such Partner’s share of the net decrease in Partnership Minimum Gain to the extent required by Section 1.704-2(f) of the Regulations. The items to be so allocated shall be determined in accordance with Sections 1.704-2(f) and (i) of the Regulations. This subparagraph 2 (a) is intended to comply with the minimum gain chargeback requirement in said section of the Regulations and shall be interpreted consistently therewith. Allocations pursuant to this subparagraph 2(a) shall be made in proportion to the respective amounts required to be allocated to each Partner pursuant hereto.

  • Local Church’s Payment Obligations At Closing or otherwise prior to or on the Disaffiliation Date, Local Church shall pay to the Annual Conference, in a manner specified by Annual Conference, the following: (a) Local Church shall have the right to retain its Real Property and Personal Property, tangible and intangible property without charge. Any costs relating to Local Church’s retention of its property will be borne by Local Church. (b) Any unpaid apportionments for the twelve (12) months immediately prior to the Disaffiliation Date, as calculated by Annual Conference, totaling Eight Thousand Five Hundred Twenty-Six and 00/100 Dollars ($8,526.00) (for clarity, any amounts paid within the twelve (12) month period set out above shall be credited to the Local Church at Closing); (c) An additional twelve (12) months of apportionments, as calculated by Annual Conference, totaling Eight Thousand Five Hundred Twenty-Six and 00/100 Dollars ($8,526.00); (d) An amount equal to Local Church’s pro rata share, as determined by Annual Conference, of Annual Conference’s unfunded pension obligations, based on the Annual Conference’s aggregate funding obligations as determined by the General Board of Pension and Health Benefits using market factors similar to a commercial annuity provider, totaling Twenty- Four Seven Hundred One and 00/100 Dollars ($24,701.00); (e) Any unpaid loans (secured or unsecured) owed to the Annual Conference or other United Methodist entities such as The United Methodist Foundation of Western North Carolina (unless those loans are assigned or transferred per Section 3.2 below), and any investment portfolio needs which require modifications or assignments; (f) The aggregate amount of any and all grants awarded and paid to Local Church by Annual Conference or any affiliate or subsidiary thereof within the prior ten (10) years; and, (g) All costs of the transfer of any assets involved hereunder and transactions set out herein, as well as the legal fees of the Annual Conference incurred in connection with this Agreement.

  • Accounts Receivable and Payable (a) The accounts receivable shown on the Company Balance Sheet arose in the ordinary course of business, consistent with past practices, represented bona fide claims against debtors for sales and other charges, and have been collected or are collectible in the book amounts thereof. Allowances for doubtful accounts and warranty returns have been prepared in accordance with GAAP consistently applied and in accordance with the Company’s and its Subsidiaries’ past practices and are sufficient to provide for any losses which may be sustained on realization of the receivables. The accounts receivable of the Company and its Subsidiaries arising after the Balance Sheet Date and before the Closing Date arose or shall arise in the ordinary course of business, consistent with past practices, represented or shall represent bona fide claims against debtors for sales and other charges, and have been collected or are collectible in the book amounts thereof. None of the accounts receivable of the Company and its Subsidiaries is subject to any claim of offset, recoupment, setoff or counter-claim, and the Company has no knowledge of any specific facts or circumstances (whether asserted or unasserted) that could give rise to any such claim. None of the accounts receivable of the Company and its Subsidiaries is contingent upon the performance by the Company or any Subsidiary of any obligation or Contract and no agreement for deduction or discount has been made with respect to any of such accounts receivable. The Company has provided to Acquiror or its counsel an accurate aging of the Company’s and its Subsidiaries’ accounts receivable in the aggregate and by customer, which indicates the amounts of allowances for doubtful accounts, warranty returns, accounts receivable of the Company and its Subsidiaries which are subject to asserted warranty claims by customers and reasonably detailed information regarding asserted warranty claims made within the last year, including the type and amounts of such claims. (b) All accounts payable and notes payable of the Company and its Subsidiaries arose in the ordinary course of business, consistent with past practices in bona fide arms’ length transactions and no such account payable or note payable is delinquent by more than sixty (60) days in its payment. Since December 31, 2013, the Company has paid its accounts payable in the ordinary course of its business and in a manner which is consistent with its past practices.

  • Nonrecourse Liabilities For purposes of Treasury Regulation Section 1.752-3(a)(3), the Partners agree that Nonrecourse Liabilities of the Partnership in excess of the sum of (A) the amount of Partnership Minimum Gain and (B) the total amount of Nonrecourse Built-in Gain shall be allocated among the Partners in accordance with their respective Percentage Interests.

  • Control and Payment of Subordinates; Independent Contractor The Services shall be performed by Consultant or under its supervision. Consultant will determine the means, methods and details of performing the Services subject to the requirements of this Agreement. City retains Consultant on an independent contractor basis and not as an employee. Consultant retains the right to perform similar or different services for others during the Term of this Agreement. Any additional personnel performing the Services under this Agreement on behalf of Consultant shall also not be employees of City and shall at all times be under Consultant’s exclusive direction and control. Consultant shall pay all wages, salaries, and other amounts due such personnel in connection with their performance of Services under this Agreement and as required by law. Consultant shall be responsible for all reports and obligations respecting such additional personnel, including, but not limited to: social security taxes, income tax withholding, unemployment insurance, disability insurance, and workers’ compensation insurance.

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