Current Portion definition

Current Portion of any liability means that balance of such liability which is required to be shown as a Current Liability on the balance sheet in accordance with GAAP.
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Current Portion is equal to the vesting percentage as of such date (as determined in accordance with the vesting provisions set forth in Section 4 hereof) multiplied by the Participating Investment Entitlement.
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Current Portion means a percentage of each Over-Achievement Award to be determined by the Committee prior to the Determination Date. The Current Portion shall be paid on a current basis following the Performance Period during which such portion was earned in accordance with Section 4.3(b).
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Examples of Current Portion in a sentence

  • This consists of the remaining unamortized grant revenue less the Current Portion – Deferred Grant Revenue category.

  • Total Debt to Total Capitalization (“TD/TC”)—(Long Term Debt + Current Portion + Other Short Term Borrowings) / (Total Debt + Preferred Equity + Common Equity).

  • Long-Term Liabilities: 1) Mortgages Secured by Real Property - Net of Current Portion; and2) Loans Secured by Fixed Assets (Not Real Property) - Net of Current Portion.

  • Availment of additional credit facilities increased Current Portion of Long Term Debt by 151% from 2008 level of PHP389.23 million to PHP977.90 million.

  • Total Debt to Total Capitalization (“TD/TC”)—(Long Term Debt + Current Portion + Other Short TermBorrowings) / (Total Debt + Preferred Equity + Common Equity).


More Definitions of Current Portion

Current Portion means, with respect to any Indebtedness, as of any date, that portion of such Indebtedness that is due and payable within thirteen months.
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Current Portion means the portion of an Award that is not deferred pursuant to Section 10.
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Current Portion with respect to any Person or consolidated group of Persons shall mean the portion (determined in accordance with GAAP) of long-term Debt of such Person(s) shown as a current liability on the consolidated balance sheet of such Person(s);
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Current Portion of any liability shall mean that portion of such liability which is required to be shown as a Current Liability on the balance sheet in accordance with GAAP.
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Current Portion means, at any time, as to any Long-Term Debt, the portion thereof scheduled to mature within one year. First Supplemental Indenture ----------------------------
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Current Portion means the portion (determined in accordance with GAAP) of long-term Debt of OSG or any Recourse Subsidiary shown as a current liability on the consolidated balance sheet of OSG and its Recourse Subsidiaries;
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Current Portion shall have the meaning set forth in Section 2.3.
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