Deferred Credits definition
Examples of Deferred Credits in a sentence
Amounts recognized as reserves in the Consolidated Balance Sheets are classified in Other Deferred Credits and Other Liabilities and Other Current Liabilities and are based upon Duke Energy’s best estimate of the probable liability for future asbestos claims.
Permit the ratio of consolidated total liabilities plus Deferred Credits to Consolidated Tangible Net Worth to be more than 1.50:1.00 at any time.
These regulatory assets and liabilities are primarily classified in the Consolidated Balance Sheets as Regulatory Assets and Deferred Debits, and Deferred Credits and Other Liabilities.
The impact of this adjustment on the Consolidated Balance Sheet as of December 31, 2004 was a decrease in accumulated depreciation and a corresponding increase in regulatory liabilities, which are included in Other within Deferred Credits and Other Liabilities.
Within *** after completion of the Term, Buyer shall pay to Smart Sand (the “Deferment Payment”) an amount equal to the then-applicable Contract Price multiplied by the amount of Deferred Tons as of the end of the Term minus any remaining Deferred Credits.
If Buyer exercises its deferral rights pursuant to this section and subsequently purchases more than the Minimum Tons per Year in any given Contract Year, then (i) the Deferred Credits shall be applied to such excess as a credit against the Contract Price at the rate of ***, and the Deferred Credits shall be reduced on a dollar-for-dollar basis by an amount equal to the total credits applied to such excess, and (ii) the outstanding Deferred Tons shall automatically decrease by the amount of such excess.
For the avoidance of doubt, the aggregate Deferred Credits that Buyer receives shall not exceed *** during the entirety of the Term.
Realized and unrealized gains and losses on sales of investments within the NDTF are recorded in Other within Regulatory Assets and Deferred Debits and Other within Deferred Credits and Other Liabilities on the Consolidated Balance Sheets.
Amounts recognized as reserves in the Consolidated Balance Sheets, which are not anticipated to exceed the coverage, are classified in Other Deferred Credits and Other Liabilities and Other Current Liabilities and are based upon Duke Energy’s best estimate of the probable liability for future asbestos claims.
Included in Other Current Liabilities and Other Deferred Credits and Other Liabilities on the Consolidated Balance Sheets were total accruals related to extended environmental-related activities of approximately $55 million as of December 31, 2005 and $83 million as of December 31, 2004.