Non-Cash Expenses definition
Non-Cash Expenses means any expenses that were accounted for in the calculation of the REIT’s EBITDA that did not, and are not expected to, result in a disbursement of cash. Non-Cash Expenses may include, but are not limited to, stock-based compensation expense and any other compensation for products or services paid in stock of the REIT or units of the Issuer. The REIT or the Issuer shall inform ▇▇▇▇▇▇ Mac of the items included in the Non-Cash Expenses calculation to the extent requested by ▇▇▇▇▇▇ Mac.
Non-Cash Expenses means business expenses (including but not limited to write downs or accounting entries) that do not require the expenditure of cash and do not affect cash flow including depreciation, depletion (allocation of the costs of natural resources (such as minerals, oils, and timber) being extracted from the land), Amortization, and deferred charges (those certain long-term prepaid expenses that are carried as an asset on a balance sheet until used/consumed).
Non-Cash Expenses means, for any accounting period, expenses properly attributable to such period for depreciation, amortization (including amortization of film rights) and other non-cash items as determined in accordance with generally accepted accounting principles; provided that Non-Cash Expenses shall include amortization of transaction fees and expenses incurred in connection with the Closing Date Transactions (as defined herein) and non-cash compensation provided to employees of the Borrower or any of its Subsidiaries.
Examples of Non-Cash Expenses in a sentence
For purposes of calculating the above covenants for the quarters in the Borrower's 2003 fiscal year only, the Net Income and Net Loss, as applicable, shall exclude the Non-Cash Warrant Expenses and the Non-Cash Expenses.
For purposes of calculating the above covenants for the months of June through October in the Borrower's 2003 fiscal year only, the calculation of the Net Income/Net Loss shall exclude the Non-Cash Warrant Expenses and the Non-Cash Expenses.
Borrower shall maintain, measured as of the last day of each calendar month for the preceding 12-month period, a minimum 3.00:1.00 ratio of earnings after taxes plus interest and Non-Cash Expenses to the current portion of all long-term Indebtedness and capitalized leases plus interest.
More Definitions of Non-Cash Expenses
Non-Cash Expenses means, with respect to any period, depreciation, amortization (including amortization of goodwill and other intangibles) and other non-cash expenses of Borrowers on a Consolidated Basis for such period, which shall include (a) non-cash equity compensation to employees and (b) unrealized foreign exchange gains and losses (including without limitation by and among Loan Parties in accordance with ongoing business practices in the ordinary course of business).
Non-Cash Expenses. Non-Cash Revenues", "Gross Property, Plant and Equipment", "Operating Lease Expenses", "Interest Expenses", "Depreciation", "Receivables", "Shareholder Equity", and "Net Income After Taxes" shall have the meanings normally given them by, and shall be calculated, both as to amounts and classifications of items, in accordance with, generally accepted accounting principles, which principles shall be applied on a basis consistent with that applied to the income and expense statements, the balance sheets, and the statements of income and retained earnings furnished to Lender pursuant to Section 4.1.
Non-Cash Expenses means, for any period, the sum of the amount of depreciation and amortization expense during such period of Amtran and its Affiliates, on a consolidated basis, to the extent deducted from Adjusted Net Profit, all as determined in accordance with GAAP.
Non-Cash Expenses means amortization, depreciation and non-cash compensation consisting of distributions of Borrower’s capital stock.
Non-Cash Expenses. For any accounting period, to the extent subtracted from Operating Income, expenses properly attributable to such period for depreciation, amortization, and other non-cash items as determined in accordance with GAAP; provided that Non-Cash Expenses shall include amortization of non-cash compensation provided to employees of the Guarantor or any of its Subsidiaries. Note: A promissory note, in the Loan Amount, executed by ▇▇▇▇▇▇▇▇ and payable to the order of Lender, evidencing the Loan.
Non-Cash Expenses means any expenses that were accounted for in the calculation of the REIT’s EBITDA that did not, and are not expected to, result in a disbursement of cash. Non- Cash Expenses may include, but are not limited to, stock-based compensation expense and any other compensation for products or services paid in stock of the REIT or units of the Issuer. The REIT or the Issuer shall inform ▇▇▇▇▇▇ Mac of the items included in the Non-Cash Expenses calculation to the extent requested by ▇▇▇▇▇▇ Mac. “Nonperforming Assets” means the sum of the unpaid principal balance of all loans owned by Issuer that are 90 or more days delinquent, in foreclosure, or in bankruptcy. “Nonperforming Asset Rate” means the ratio of Nonperforming Assets to the unpaid principal balance of all loans owned by Issuer. “Notice of Requested Borrowing” has the meaning set forth in Section 2.01 hereof. “Operating Partnership” means Gladstone Land Limited Partnership. “Permitted Liens” has the meaning given to that term in the Pledge Agreement. “Person” means an individual, a corporation, a partnership, an association, a trust or any other entity or organization, including a government or political subdivision or an agency or instrumentality thereof. “Pledge Agreement” means the Amended and Restated Pledge and Security Agreement dated as of the date hereof, among Issuer, the Purchaser, ▇▇▇▇▇▇ Mac and the Collateral Agent, as the same may be amended, restated, extended, supplemented or otherwise modified in writing from time to time in accordance with the terms thereof. “Pricing Agreement” means the Pricing Agreement for each issuance of Bonds among ▇▇▇▇▇▇ Mac, the Purchaser and Issuer substantially in the form of Schedule II attached hereto and shall include the Existing Pricing Agreements.
Non-Cash Expenses means all expenses which will not require the utilization of cash or other assets for their satisfaction.