Revenue Recognition Implementation definition

Revenue Recognition Implementation. The implementation by an Obligor of IFRS 15/ASC 606.
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Revenue Recognition Implementation. The implementation by an Obligor of IFRS 15/ASC 606. “Review Criteria”: The meaning specified in Section 7.2(b)(i). “Revolving Loan”: Any Loan (other than a Delayed Draw Loan, but including funded and unfunded portions of revolving credit lines, unfunded commitments under specific facilities and other similar loans and investments) that under the Underlying Instruments relating thereto may require one or more future advances to be made to the Obligor by the Borrower. “Revolving Period”: The period commencing on (and including) the Closing Date and ending on (but excluding) the day preceding the earlier to occur of the Revolving Period End Date or the Termination Date. “Revolving Period End Date”: The earlier to occur of (a) January 25, 2027 and (b) the Revolving Period Termination Date. “Revolving Period Termination Date”: The date of the declaration of the Termination Date pursuant to Section 9.2(a). “RIC Distribution”: Any distribution made by the Borrower to the Equityholder solely to enable the Equityholder to make distributions to its shareholders in order to maintain its status as a “regulated investment company” (“RIC”) within the meaning of Section 851(a) of the Code or avoid corporate income or excise taxes associated with such status; provided, such amount shall not exceed an amount that would be necessary for the Borrower (i) to satisfy the minimum distribution requirements imposed by Section 852(a) of the Code (or any successor thereto) to maintain the Borrower’s eligibility to be taxed as a RIC for any such taxable year, (ii) to reduce to zero (0) for any such taxable year its liability for federal income taxes imposed on (A) its investment company taxable income pursuant to Section 852(b)(1) of the Code (or any successor thereto) or (B) its net capital gain pursuant to Section 852(b)(3) of the Code (or any successor thereto), and (iii) to avoid federal excise taxes for such calendar year (or for the previous calendar year) imposed by Section 4982 of the Code (or any successor thereto), in each case, determined as if the Borrower were a RIC; provided further that, written notification of any proposed RIC Distribution shall have been provided to the Administrative Agent at least ten (10) Business Days prior to the proposed distribution date. “S&P”: S&P Global Ratings (or its successors in interest). “S&P Industry Classification Group”: The meaning set forth in Schedule VI hereto. “S&P Rating”: With respect to any Portfolio Asset, as of any date...
Sample 1
Revenue Recognition Implementation. The implementation by an Obligor of IFRS 15/ASC 606. “Review Criteria”: The meaning specified in Section 14.2(a)(ii). “Revolving Loan”: A Broadly Syndicated Loan or a First Lien Middle Market Loan (other than a Delayed Draw Loan) that under the Underlying Instruments relating thereto may require one or more future advances to be made to the Obligor by the Borrower; provided that, any such Loan will be a Revolving Loan only until all commitments by the Borrower to make advances to the Obligor thereof expire, or are terminated, or are irrevocably reduced to zero. -43-
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Examples of Revenue Recognition Implementation in a sentence

  • Per the guidance in ASC 340-10-25, consistent with FASB Revenue Recognition Implementation Issues Q&A 66, in 2021 the Company primarily expensed pre-production costs related to Sensor Platform development as incurred, including related tooling and prototype material costs.


More Definitions of Revenue Recognition Implementation

Revenue Recognition Implementation. The implementation by an Obligor of IFRS 15/ASC 606. “Review Criteria”: The meaning specified in Section 14.2(a)(ii). “Revolving Loan”: A Middle Market Loan (other than a Delayed Draw Loan) that under the Underlying Instruments relating thereto may require one or more future advances to be made to the Obligor by the Borrower; provided that, any such Loan will be a Revolving Loan only until all commitments by the Borrower to make advances to the Obligor thereof expire, or are terminated, or are irrevocably reduced to zero. “S&P”: Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business, and any successor thereto. -41- USActive 55348338.2
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Revenue Recognition Implementation. The implementation by an Obligor of IFRS 15/ASC 606. “Review Criteria”: The meaning specified in Section 7.2(b)(i). “Revolving Lender”: Each Lender with a Commitment to fund Advances other than Swingline Advances. “Revolving Loan”: Any Loan (other than a Delayed Draw Loan, but including funded and unfunded portions of revolving credit lines and letter of credit facilities, unfunded
Sample 1
Revenue Recognition Implementation. The implementation by an Obligor of IFRS 15/ASC 606. “Review Criteria”: The meaning specified in Section 7.2(b)(i). “Revolving Period”: The period commencing on the Closing Date and ending on the day preceding the earlier to occur of the Revolving Period End Date or the Termination Date. “Revolving Period End Date”: The earliest to occur of (a) the three- year anniversary of the Third Amendment Closing Date, (b) the termination of the Borrower’s “Investment Period” (as defined in the Borrower’s Loan Party LLC Agreement) and (bc) the date of the declaration of the Revolving Period End Date pursuant to Section 9.2(a). “Revolving Period Termination Date”: The date of the declaration of the Termination Date pursuant to Section 9.2(a). “RIC”: A Person that qualifies as a “regulated investment company” within the meaning of Section 851(a) and Section 851(b) of the Code and that is taxable under Section 852(b) of the Code by reason of having satisfied the conditions contained in Section 852(a) of the Code. “S&P”: Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business, and any successor thereto. “Sale Proceeds”: With respect to any Loan, all proceeds received as a result of the sale of such Loan, net of all out-of-pocket expenses of the Loan Parties, the Collateral Manager and the Collateral Custodian incurred in connection with any such sale. USActive 56057294.1356057294.15
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Revenue Recognition Implementation means the implementation by an Obligor of IFRS 15/ASC 606. “ Review Criteria ” has the meaning assigned to that term in Section 12.02(b)(i) .
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Related to Revenue Recognition Implementation

  • Implementation Plan means the schedule included in the Statement of Work setting forth the sequence of events for the performance of Services under the Statement of Work, including the Milestones and Milestone Dates.

  • Implementation Services means the supply, configuration and programming of Customer Equipment and/or Services and training where set out in an Order.

  • Project Implementation Unit or “PIU” means a Project Implementation Unit referred to in paragraph 2 (a) of Schedule 1 to the Project Agreement;

  • Procurement Plan means the Recipient’s procurement plan for the Project, dated April 2, 2010, and referred to in paragraph 1.16 of the Procurement Guidelines and paragraph 1.24 of the Consultant Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs.

  • Implementation Date means the date, occurring after the Approval Date, on which the Merger is implemented by the Merging Parties;

  • Service Level Agreement or SLA means the processes, deliverables, key performance indicators and performance standards relating to the Services to be provided by the Service Provider;

  • Transition Plan means a transition plan, acceptable to the LHIN that indicates how the needs of the HSP’s clients will be met following the termination of this Agreement and how the transition of the clients to new service providers will be effected in a timely manner; and