Impairment Charge definition

Impairment Charge means any impairment or write-off recorded by Amylin or Amylin Ohio LLC under GAAP of all or substantially all of the non-depreciated capital investments in and for the Facility.
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Impairment Charge means any charge recorded to indicate that the carrying value of an
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Impairment Charge means the impairment charge with respect to the Business arising after April 20, 2003 as reflected in the audited financial statements for the fiscal year ended May 25, 2003 referred to in Section 9.15 of this Agreement so long as the impairment charge pertains to the write-off of no more than $36,343,582 of goodwill. If the impairment charge pertains to the write-off of more than $36,343,582 in goodwill, then for purposes of this definition, the impairment charge shall be reduced by an amount equal to the excess of the goodwill write-off included in the impairment charges over $36,343,582. Buyer shall consult with Seller in good faith in connection with the preparation of the Preliminary Closing Balance Sheet and employees of Seller shall be permitted to meet with employees of Buyer and the Acquired Companies in connection with the preparation of the Preliminary Closing Balance Sheet.
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Examples of Impairment Charge in a sentence

  • Notwithstanding anything to the contrary, if Amylin or Amylin Ohio LLC incurs an Impairment Charge at any time during the Advance Period, Amylin shall be deemed, without any further action or notice required hereunder, to have forfeited its right to make any additional Borrowing Requests of Lilly.

  • Upon such application, Amylin shall be deemed to have discharged outstanding Indebtedness in an amount equal to that applied against ▇▇▇▇▇’▇ share of the Impairment Charge.

  • If and to the extent Amylin or Amylin Ohio LLC incurs an Impairment Charge at any time during which any Indebtedness remains outstanding, then Lilly may, at its election, instruct Amylin to apply any or all of the Indebtedness outstanding against ▇▇▇▇▇’▇ share of the Impairment Charge under the Supply Agreement.

  • Buyer, the Company and Pro-Fac hereby agree that the Deferred Payments will be made at Closing and that the payments contemplated by clauses (i) and (ii) above will not be affected by the Non-Cash Goodwill Impairment Charge.

  • Solely for the purposes of calculating Borrower's net after-tax loss for its fiscal year 2002, only the lesser of (a) 63% of the aggregate amount of Borrower's Impairment Charge and Swap Charge actually incurred and (b) $33,000,000.00 shall be excluded from net-after tax loss.

  • In the event the Restructuring and Asset Impairment Charge is less than forecast, the Required Tangible Net Worth shall be increased such that actual Tangible Net Worth shall be $1,500,000 greater than Required Tangible Net Worth as of January 31, 2002 and the last day of each fiscal quarter thereafter.

  • For purposes of the calculation of such dividends, the dividends for the third and fourth quarters of 2014 shall be subject to the 50% limitation on Pioneer's net income as set forth in Section 6.15(ii) and 7.4, exclusive of the Goodwill Impairment Charge.

  • The required minimum amount shall be $38,500,000, as measured by audited financial statements as of each fiscal year end, commencing with fiscal year end 2002, and increasing as of each fiscal year end thereafter by an amount equal to 50% of net income for such fiscal year (Asset Impairment Charge is included, but there shall be no adjustment for foreign currency gains/losses).

  • Upon such application, Amylin shall be deemed to have discharged outstanding Indebtedness in an amount equal to that applied against Lilly’s share of the Impairment Charge.

  • As of December 31, 2002, the Borrower shall achieve the aggregate of (x) Consolidated Pre-Tax Net Income (or Deficit) plus (y) the Impairment Charge, in an amount of not less than $500,000.00.


More Definitions of Impairment Charge

Impairment Charge means any charge recorded to indicate that the carrying value of an Asset recorded on financial statements exceeds the fair value of such Asset.
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Impairment Charge means the $5.3 billion non-cash impairment charge taken by the Company during the second calendar quarter of 2008 to reduce the carrying amount of its North American franchise license intangible assets and goodwill to their estimated fair value. The terms Shareholders’ Equity, Deferred Income Taxes and Consolidated Debt shall be as they appear on the Company’s published Consolidated financial statements and calculated under the GAAP applied by the Company on the date hereof in the preparation of its Consolidated financial statements.”
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Impairment Charge means the $8.8 billion impairment charge for good- will and intangible assets for the Autonomy unit within HP’s Software segment taken in the fourth quarter of HP’s 2012 fiscal year and announced on November 20, 2012.
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Related to Impairment Charge

  • Management Charge means the sum paid by the Supplier to the Authority being an amount of half (0.5) percent of all Charges for the Services invoiced to the Contracting Bodies (net of VAT) in each Month throughout the Term and thereafter until the expiry or earlier termination of any Call-Off Contract;

  • Prepayment Charge With respect to any Mortgage Loan, the charges or premiums, if any, due in connection with a full or partial prepayment of such Mortgage Loan during a Prepayment Period in accordance with the terms thereof (other than any Servicer Prepayment Charge Payment Amount).

  • Default Management Charge has the meaning given to it in paragraph 6.2 of Framework Schedule 9 (Management Information);

  • Account Charge means, in relation to each of the Charged Accounts, the first priority fixed charge or pledge over all such accounts given or to be given by the relevant account holder thereof in favor of and in form and substance satisfactory to the Security Trustee.

  • development charge means a charge imposed pursuant to this By-law;