Patriot Sample Clauses

Patriot. The Atlas Card Account is sponsored by Bank.

Patriot. Act, and any regulations implementing such acts;

Patriot. (a) Within 45 days following the Effective Date and until such time as Patriot obtains financing from one or more banks, financial institutions or other lending entities, Borrower shall cause Patriot to maintain all of its operating, depository and securities accounts (collectively, the “Patriot Accounts”) with Bank and Bank’s affiliates. (b) Borrower shall not permit the aggregate balance in the Patriot Accounts consisting of Non-Equity Patriot Investments at any time to exceed $100,000 for more than 10 consecutive days. (c) Borrower shall not permit Patriot to conduct business other than the acquisition, divestiture, restoration, production and development of oil and gas xxxxx and any other businesses reasonably related or ancillary thereto.

Patriot. SELECTED CONDENSED CONSOLIDATED HISTORICAL FINANCIAL DATA (in thousands, except per share amounts) Period October 2, 1995 Year Ended December 31, (Inception of --------------------------- Operations) through 1998 1997 1996 December 31, 1995 -------- -------- ------- ------------------- Operating Data: Total revenue.................. $595,410 $185,554 $76,493 $11,095 (Loss) income before income tax, minority interests and extraordinary item............ (3,404) 3,769 44,813 7,064 (Loss) income before extraordinary item............ (14,328) 382 37,991 6,096 Net (loss) income.............. $(44,888) $ (2,152) $37,991 $ 5,359

Patriot. Patriot, in accordance with SFAS No. 109, recorded a deferred tax liability during 1998 in conjunction with the acquisition of foreign operations, the Arcadian transaction. As of December 31, 1998, Patriot had a deferred tax liability of approximately $38,912 and recognized $1,148 of deferred tax expense associated with foreign operations. PATRIOT AMERICAN HOSPITALITY, INC. AND WYNDHAM INTERNATIONAL, INC. NOTES TO FINANCIAL STATEMENTS--(Continued) Wyndham The income tax provision of Wyndham for year ended and six months ended December 31, 1998 and 1997, respectively consists of the following: 1998 1997 -------- ---- Current: Federal.................................................... $ 25,691 $199 State...................................................... 3,355 130 -------- ---- Total current................................................ 29,046 329 -------- ---- Deferred: Federal.................................................... (13,130) 136 State...................................................... (1,535) 16 -------- ---- Total deferred............................................... (14,665) 152 -------- ---- Total income tax expense................................. $ 14,381 $481 ======== ==== The reason for the difference between total tax expense and the amount computed by applying the statutory Federal income tax rate of 35% to income before income taxes is as follows: 1998 1997 -------- ---- Tax at statutory rate........................................ $(27,874) $127 State income taxes........................................... 1,820 118 Valuation allowance.......................................... 17,866 -- Assets held for sale......................................... 7,573 -- Goodwill..................................................... 5,330 -- Lease buyout costs........................................... 20,033 -- Minority interest and other.................................. (10,367) 236 -------- ---- Total income tax expense................................... $ 14,381 $481 ======== ==== Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of Xxxxxxx's deferred tax assets and liabilities for the year ended and six months ended December 31, 1998 and 1997, respectively are as follows: 1998 1997 -------- ------- Deferred tax assets: Net operating losses..................

Patriot. Act, etc . The Account Party shall have provided to Bank the documentation and other information requested by Bank in order to comply with requirements of any Anti-Money Laundering Laws, including, without limitation, the PATRIOT Act and any applicable “know your customer” rules and regulations.

Patriot an officer or employee thereof (including the Key Employees) or- a Sub-producer, engages in acts or omissions which constitute abandonment, fraud, misappropriation of funds, material misrepresentation, or gross and willful misconduct;

Patriot. Patriot and Wyndham shall each cause such designee of the Crow Family Entities to be elected to the Board of Directors of Patriot on the Family- Designee Date in place of such Family Designee.

Patriot. Wydham shall have reasonable approval rights over the terms and conditions of any such purchase and sale agreement; and (4) to the extent that Interstate or the LLC can enter into an agreement to sell the equity interests in the Charxxx xxxt puts Interstate and the LLC in substantially the same position Interstate would have been in had the purchaser closed on the sale in accordance with the Charxxx Xxxx Xxxtract, then at Patriot/Wyndham's request, Interstate and the LLC shall enter into such an agreement and in good faith perform their obligations thereunder.

Patriot the Trustee and each Holder by its acceptance of a Note hereby agrees that the Note Guarantee of Patriot provided hereunder shall be subject to all terms, provisions and conditions in the Indenture that relate to a Note Guarantee (including, without limitation, Article 11 of the Indenture). Patriot further agrees to be bound by, and to comply with, all provisions of the Indenture and Note Guarantee that are applicable to a Guarantor that is a Restricted Subsidiary.