Economic Basis means GAAP adjusted to include, as applicable and to the extent not already included in the calculation of GAAP at such time, (a) the positive Market Value of inventory and exchanges in respect of transactions that do not qualify for hedging treatment under GAAP; (b) the positive or negative Marked-to-Market Value of Forward Contracts, including, but not limited to, forward physical purchase and sales contracts, that do not qualify as derivatives under GAAP, such as storage and transportation; provided that the preceding clause (b), with respect to storage and transportation contracts, shall be limited to the intrinsic value of the underlying contracts, net of any demand charges; and (c) other Marked-to-Market changes or adjustment as determined by the U.S. Borrower with agreement from the Administrative Agent; provided, that in its reasonable discretion the Administrative Agent may require the vote of the Required Lenders.
Economic Basis means the calculation of financial accounting terms using mark to market of certain assets and liabilities as if the accounting standards of the Emerging Issues Task Force (EITF) under EITF-98-10 (accounting for contracts involved in energy trading and risk management activities) still applied.
Economic Basis means the calculation of financial accounting terms using xxxx to market of certain assets and liabilities as if the accounting standards of the Emerging Issues Task Force (EITF) under EITF-98-10 (accounting for contracts involved in energy trading and risk management activities) applied.”
Examples of Economic Basis in a sentence
Barton, The Economic Basis of Damages for Breach of Contract, 1 J.
This chapter contains background information on these rules and an outline of the chapters in the report.1.2 Legal, Scientific and Economic Basis for this Rulemaking 1.2.1 Statutory Requirement Section 111 of the Clean Air Act (CAA) requires performance standards for air pollutant emissions from categories of stationary sources that may reasonably contribute to endangerment of public health or welfare.
This point is well expounded in Anthony Ogus, “The Economic Basis of Legal Culture: Networks and Monopolization” (2002) 22 Ox J Leg St 419.
Rodgers, III, New Jersey Economic Basis for Updated Child Support Schedule, Rutgers, The State University of New Jersey, Fifth Update: January 16, 2013.
See Venohr and Griffith, Economic Basis at Appendix I, 3 (cited in note 9) (“Staff at the Bureau of Labor Statistics .
More Definitions of Economic Basis
Economic Basis means GAAP adjusted to include (a) the forward value of both hedged and unhedged physical transportation capacity for up to four (4) years, net of associated transportation costs for such period, (b) the forward value of both hedged and unhedged physical storage capacity for up to four (4) years net of associated storage costs for such period, and (c) the lower of cost or market adjustment to bring the value of Product inventory to market for inventory transactions that do not classify for “hedge accounting treatment.”
Economic Basis means the calculation of financial accounting terms in accordance with GAAP or IFRS, as the case may be, with after-tax xxxx to market adjustments to certain assets and liabilities, including without limitation marked-to-market gains on inventory, marked-to-market gains or losses on forward contracts not already included in financial statements prepared in accordance with GAAP or IFRS, as the case may be, and marked-to-market gains or losses on storage assets, but in each case pursuant to a methodology acceptable to the Administrative Agent and the Borrower; provided, however, that marked-to-market gains or losses on storage assets shall include marked-to-market gains or losses of all hedged storage assets and shall exclude marked-to-market gains or losses of unhedged storage assets to the extent that the demand charge in connection with such unhedged storage assets for the current and subsequent month is either prepaid or otherwise deducted from such calculation.
Economic Basis means the calculation of net outstanding claims provision using an interest rate equal to 2% above the assumed inflation rate, claims handling expenses without any additional contract loadings, and a risk margin which increases the probability of sufficiency of the liabilities from 75% to 90%.
Economic Basis. GAAP adjusted to include, as applicable and to the extent not already included in the calculation of GAAP at such time, (a) the positive Market Value of inventory and exchanges in respect of transactions that do not qualify for hedging treatment under GAAP; (b) the positive or negative Marked-to-Market Value of Forward Contracts, including, but not limited to, forward physical purchase and sales contracts, that do not qualify as derivatives under GAAP, such as storage and transportation; provided that the preceding clause (b), with respect to storage and transportation contracts, shall be limited to the intrinsic value of the underlying contracts, net of any demand charges; and (c) other marked-to-market changes or adjustment as determined by the U.S. Borrower with agreement from the Administrative Agent; provided, that in its reasonable discretion the Administrative Agent may require the vote of the Required Lenders. “EEA Financial Institution”: (a) any credit institution or investment firm established in any EEA Member Country that is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country that is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country that is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. “EEA Member Country”: any of the member states of the European Union, Iceland, Liechtenstein, and Norway. “EEA Resolution Authority”: any public administrative authority or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. “Eligible Account Receivable”: with respect to any Loan Party, as of any date, an Account Receivable as to which the following requirements have been fulfilled: (a) such Account Receivable relates to a Materials Handling Contract, rail car lease or sublease, transportation services agreement, Commodity Contract or Financial Hedging Agreement; (b) the relevant Loan Party has lawful and absolute title to such Account Receivable subject only to Permitted Borrowing Base Liens or Liens in favor of the Administrative Agent for the benefit of the Secured Parties under the Loan Documents; provided that the amount of the Eligible Account Receivable, if any, included in the U.S. Bor...
Economic Basis. GAAP adjusted to include, as applicable and to the extent not already included in the calculation of GAAP at such time, (a) the positive market value of inventory in respect of transactions that do not qualify for hedging treatment under GAAP; (b) the positive or negative marked-to-market value of forward contracts, including, but not limited to, forward physical purchases and sales contracts that do not qualify as derivatives under GAAP, such as storage and transportation; provided, however, that the preceding clause (b), with respect to storage and transportation contracts, shall be limited to the intrinsic value of the underlying contracts, net of demand charges; and (c) other xxxx-to-market changes, tenor limitations or adjustments as determined by any Borrower with agreement from the Administrative Agent; provided, further, that the Administrative Agent may, in its sole discretion, require the affirmative vote of Required Lenders as a condition to its agreement thereto.
Economic Basis. : means GAAP adjusted to include, as applicable and to the extent not already included in the calculation of GAAP at such time,
Economic Basis means GAAP adjusted to include (a) the forward value of both hedged and unhedged physical transportation capacity for up to the mark to market valuation period (such marks to be in accordance with GAAP), net of associated transportation costs for such period, (b) the forward value of both hedged and unhedged physical storage capacity for up to the mark to market valuation period (such marks to be in accordance with GAAP), net of associated storage costs for such period, and (c) the lower of cost or market adjustment to bring the value of Product inventory to market for inventory transactions that do