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.

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.

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).

Examples of Current Portion in a sentence

• The non-GAAP measures presented should not be considered in isolation, and should not be considered as a substitute for, or as an alternative to, EOG’s reported Net Income (Loss), Long-Term Debt (including Current Portion of Long-Term Debt), Net Cash Provided by Operating Activities and other financial results calculated in accordance with GAAP.

• As promptly as practicable after it has determined that an amount is payable or should be distributed in respect of an award, the Committee shall cause the Current Portion of such award to be paid or distributed to the participant or the participant’s beneficiaries, as the case may be, in the Committee’s discretion, either entirely in cash, entirely in Common Stock or partially in cash and partially in Common Stock.

• Availment of additional credit facilities increased Current Portion of Long Term Debt by 151% from 2008 level of PHP389.23 million to PHP977.90 million.

• No absolute right to any Award shall be considered as having accrued to any Participant prior to the close of the fiscal year with respect to which an Award is made and then such right shall be absolute only with respect to any Current Portion thereof; the Deferred Portion will continue to be forfeitable and subject to all of the conditions of the Plan.

• Any Current Portion of an Award shall be paid and settled by the Company promptly after the date of determination by the Committee under Section 5(d) hereof.

More Definitions of Current Portion

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.

Current Portion means the portion of an Award that is not deferred pursuant to Section 10.

Current Portion with respect to any Person shall mean the portion (determined in accordance with GAAP) of long-term Debt of such Person shown as a current liability on the consolidated balance sheet of such Person;

Current Portion means the portion (determined in accordance with GAAP) of long-term Debt of OSG or any Recourse Subsidiary shown as a current liability on the consolidated balance sheet of OSG and its Recourse Subsidiaries;

Current Portion of any liability shall mean that portion of such liability which is required to be shown as a Current Liability on the balance sheet in accordance with GAAP.

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:

Current Portion means, at any time, as to any Long-Term Debt, the portion thereof scheduled to mature within one year. First Supplemental Indenture ----------------------------