Dollar-Denominated Production Payments means production payment obligations recorded as liabilities in accordance with GAAP, together with all undertakings and obligations in connection therewith.
Dollar-Denominated Production Payments mean production payment obligations recorded as liabilities in accordance with GAAP, together with all undertakings and obligations in connection therewith.
Dollar-Denominated Production Payments means production payment obligations of the Company or a Restricted Subsidiary recorded as liabilities in accordance with GAAP, together with all undertakings and obligations in connection therewith.
Examples of Dollar-Denominated Production Payments in a sentence
Subject to the preceding sentence, neither Dollar-Denominated Production Payments nor Volumetric Production Payments shall be deemed to be Indebtedness.
Subject to clause (c) of the preceding sentence, neither Dollar-Denominated Production Payments nor Volumetric Production Payments shall be deemed to be Indebtedness.
More Definitions of Dollar-Denominated Production Payments
Dollar-Denominated Production Payments means production payment obligations of the Borrower or any Subsidiary Guarantor which are payable from a specified share of proceeds received from production from specific Properties, together with all undertakings and obligations in connection therewith.
Dollar-Denominated Production Payments means production payment obligations recorded as liabilities in accordance with IFRS, together with all undertakings and obligations in connection therewith.
Dollar-Denominated Production Payments as follows:
Dollar-Denominated Production Payments means production payment obligations of Baytex or a Restricted Subsidiary recorded as liabilities in accordance with GAAP, together with all undertakings and obligations in connection therewith;
Dollar-Denominated Production Payments means production payment obligations recorded as liabilities in accordance with GAAP, together with
Dollar-Denominated Production Payments means production payment obligations recorded as liabilities in accordance with GAAP, together with all undertakings and obligations in connection therewith. "EBITDA" for any period means the sum of Consolidated Net Income for such period, Consolidated Interest Expense for such period, and each of the following (without duplication) to the extent deducted in calculating such Consolidated Net Income for such period: (a) provision for taxes based on income or profits, (b) depletion and depreciation expense, (c) amortization expense, (d) exploration costs, (e) reorganization costs and (f) all other non-cash charges (excluding any such non-cash charge to the extent that it represents an accrual of or reserve for cash charges in any future period or amortization of a prepaid cash expense that was paid in a prior period except such amounts as the Parent Guarantor determines in good faith are nonrecurring), and less, to the extent included in calculating such Consolidated Net Income and in excess of any costs or expenses attributable thereto and deducted in calculating such Consolidated Net Income, the sum of (x) the amount of deferred revenues that are amortized during such period and are attributable to reserves that are subject to Volumetric Production Payments and (y) amounts recorded in accordance with GAAP as repayments of principal, premium, if any, and interest pursuant to Dollar-Denominated Production Payments. Notwithstanding the preceding, the provision for taxes based on the income or profits of, and the depreciation and amortization and other non-cash charges of, a Restricted Subsidiary shall be added to Consolidated Net Income to compute EBITDA only to the extent (and in the same proportion) that the net income of such Subsidiary was included in calculating Consolidated Net Income and only if a corresponding amount would be permitted at the date of determination to be dividended to the Parent Guarantor by such Subsidiary without prior approval (that has not been obtained) pursuant to the terms of its charter and all agreements, instruments, judgments, decrees, orders, statutes, rules and governmental regulations applicable to such Subsidiary or its stockholders. Solely for the purpose of calculating EBITDA for determining Excess Cash Flow, EBITDA shall be reduced by estimated cash income tax expense for any quarter or increased for any cash income tax credits for any quarter to the extent not already reflected in such calculation of EBITDA.
Dollar-Denominated Production Payments means production payment obligations recorded as liabilities in accordance with GAAP, together with all undertakings and obligations in connection therewith. “DTC” means The Depository Trust Company, a New York corporation, and its successors.