Non-Cash Adjustments definition

Non-Cash Adjustments means adjustments to the calculation of Borrower's "Net Earnings" to reflect the addition of the following non-cash items: deferred income tax expense and expenses in connection with the granting of stock options, stock bonuses and warrants on stock. Such Non-Cash Adjustments will only be allowed to the extent there is an offsetting Net Loss Carry-forward (as determined in accordance with GAAP).
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Non-Cash Adjustments is hereby added to the definitions set forth in Section 1 of the Agreement:
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Non-Cash Adjustments means (a) up to $4,300,000 of non-cash expenses resulting from the write-off of leasehold improvements and (b) up to $5,000,000 of other non-cash expenses.
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Examples of Non-Cash Adjustments in a sentence

  • Effective Date Commitments of Lenders (b) Schedule 1.1(b) Existing Letters of Credit (c) Schedule 8.9 Potential Non-Cash Adjustments (d) Schedule 8.12 Subsidiaries (e) Schedule 8.15 Owned Real Property (f) Schedule 8.21 UCC Filing Offices (g) Schedule 9.10 Amendment No 5.

  • DSCR shall be defined as: Annual Net Income plus Interest Expense and Credit Fees plus All Non-Cash Negative Adjustments to Net Income minus All Positive Non-Cash Adjustments to Net Income divided by The Sum of the Prior Year’s Current Maturities of Long Term Debt, including Capital Lease Payments plus Interest Expense and Credit Fees.

  • HISTORICAL PROJECTED --------------------------------------------- ---------------------------------------- CASH FLOW STATEMENT 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 ------------------------- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- NET TO RETAINED EARNINGS -- -- -- $15,936 $22,326 $25,901 ($6,660) ($4,922) ($2,607) ($1,095) $469 Non-Cash Adjustments: PPE Depreciation and Amortization.............................................................

  • The Borrower shall not permit the Consolidated Net Income of the Loan Parties for the fiscal quarter ending April 30, 2012 (plus the amount of Non-Cash Adjustments, as defined below) to be less than negative $13,000,000.

  • Effective Date Commitments of Lenders Schedule 1.1(b) Existing Letters of Credit Schedule 8.9 Potential Non-Cash Adjustments Schedule 8.12 Subsidiaries Schedule 8.15 Owned Real Property Schedule 8.21 UCC Filing Offices Schedule 9.10 Amendment No 5.