ACC Balance definition
ACC Balance means, with respect to a Member, the cumulative amount of all Non-Pro Rata Additional Capital Contributions made by such Member pursuant to Section 2.2.
ACC Balance means, with respect to a Member, the cumulative amount of all Non-Pro Rata Additional Capital Contributions made by such Member pursuant to Section 2.2. For the avoidance of doubt, the ACC Balance held by OMAM with respect to its Class B Interest immediately prior to the Effective Date shall be reallocated to the aggregate Class A Interests held by OMAM as of the Effective Date.
ACC Balance. SHEET shall mean the audited, consolidated balance sheet of ACC as of December 31, 1997. ACC GROUP shall mean collectively, ARCO and each Affiliate of ARCO party to any Acquisition Document. ACQUISITION shall mean the transactions contemplated by the Purchase Agreement and the Contribution Agreement, as such documents may be amended, modified or supplemented after the Closing Date as permitted by Section 7.2.15. ACQUISITION DOCUMENTS shall mean collectively the Purchase Agreement, the Contribution Agreement, the Tax Sharing Agreement, and the LLC Agreements, as limited by their schedules and exhibits, as the same may be amended, modified or supplemented after the Closing Date as permitted by Section 7.2.15. ACQUISITION TRANSACTIONS shall mean transactions contemplated by the Purchase Agreement. ADMINISTRATIVE AGENT shall mean PNC Bank, National Association, in its capacity as administrative agent for the Lenders under this Agreement and its successors in such capacity. ADMINISTRATIVE AGENT'S FEE shall have the meaning assigned to that term in Section 9.15.
Examples of ACC Balance in a sentence
To the extent that either OMAM or the KELP makes an additional Capital Contribution in excess of its pro rata share, such excess amount (a “Non Pro Rata Additional Capital Contribution”) shall be added to such Member’s ACC Balance.
The consolidated balance sheet of ACC as of June 30, 1997 is referred to herein as the "ACC Balance Sheet." Since June 30, 1997, there has been no change in ACC's accounting policies except as described in the notes to ACC's consolidated financial statements and except as required by changes to GAAP and SEC accounting principles.
To the extent that either BrightSphere or the KELP makes an additional Capital Contribution in excess of its pro rata share, such excess amount (a “Non Pro Rata Additional Capital Contribution”) shall be added to such Member’s ACC Balance.
More Definitions of ACC Balance
ACC Balance. SHEET shall mean the audited, consolidated balance sheet of ACC as of December 31, 1997. ACC GROUP shall mean collectively, ARCO and each Affiliate of ARCO party to any Acquisition Document. ACQUISITION DOCUMENTS shall mean collectively the Purchase Agreement, the Contribution Agreement, the Tax Sharing Agreement, and the LLC Agreements, as limited by their schedules and exhibits, as the same may be amended, modified or supplemented after the Closing Date as permitted by Section 7.2.14. ACQUISITION TRANSACTIONS shall mean the transactions contemplated by the Purchase Agreement and the Contribution Agreement, as such documents may be amended, modified or supplemented after the Closing Date as permitted by Section 7.2.14. ADJUSTED EBITDDA for any period of determination shall mean with respect to any Person the sum of income from operations before the effect of changes in accounting principles, nonrecurring charges and extraordinary items, net interest expense, income taxes, depreciation, depletion and amortization in each case for such period determined in accordance with GAAP. For purposes of calculating the Fixed Charge Coverage Ratio (i) Adjusted EBITDDA of the Borrower and its Subsidiaries, including the Appropriate Percentage of Adjusted EBITDDA of Canyon Fuel, shall be assumed to be $39,200,000 for the fiscal quarter ended March 31, 1998, and (ii) Adjusted EBITDDA for the Borrower and its Subsidiaries, including the Appropriate Percentage of Adjusted EBITDDA of Canyon Fuel for the months of April and May, 1998, shall be determined based upon the results from the operations of the business of such Persons for such months by ARCO as set forth in an income statement with respect to such months prepared by ARCO and reasonably acceptable to the Agents, shall take into account the $1 million per month reduction in overhead resulting from the consummation of the Acquisition, shall assume that operating lease expense of the Borrower and its Subsidiaries, including Canyon Fuel, shall be $970,000 per month and shall assume that interest expense for such Persons for such months shall be zero, with such calculation of Adjusted EBITDDA for the Borrower and its Subsidiaries for such months to be reasonably acceptable to the Agents. Further, for purposes of calculating the Fixed Charge Coverage Ratio for the fiscal quarters ended June 30, 1998, and September 30, 1998, Adjusted EBITDDA of the Borrower and its Subsidiaries, including the Appropriate Percentage of Adju...