ASC 410 definition

ASC 410 means the Accounting Standards Codification No. 410 (Asset Retirement and Environmental Obligations), as issued by the Financial Accounting Standards Board, as amended.
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ASC 410 means Accounting Standards Codification 410 (f/k/a FAS 143) promulgated by the Financial Accounting Standards Board.
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Examples of ASC 410 in a sentence

  • For purposes of this calculation (i) “current assets” shall include, as of the date of calculation, the Availability but shall exclude any asset representing a valuation account arising from the application of ASC 410 and 815, and (ii) “current liabilities” shall exclude, as of the date of calculation, the current portion of long—term Debt existing under this Agreement and any liabilities representing a valuation account arising from the application of ASC 410 and 815.

  • The Company shall not permit the ratio of Current Assets to Current Liabilities to be less than 1.00 to 1.00 as of the last day of any fiscal quarter; provided, however, that for purposes of such ratio, assets or liabilities required by ASC 815 and ASC 410 shall be excluded from current assets and current liabilities, respectively.

  • For purposes of this calculation (i) “current assets” shall include, as of the date of calculation, the Availability but shall exclude any asset representing a valuation account arising from the application of ASC 410 and 815, and (ii) “current liabilities” shall exclude, as of the date of calculation, the current portion of long—term Debt existing under the Credit Agreement and any liabilities representing a valuation account arising from the application of ASC 410 and 815.

  • For purposes of this calculation (i) “current assets” shall include, as of the date of calculation, the Availability but shall exclude any asset representing a valuation account arising from the application of ASC 410 and 815, and (ii) “current liabilities” shall exclude, as of the date of calculation, the current portion of long–term Debt existing under this Agreement and any liabilities representing a valuation account arising from the application of ASC 410 and 815.

  • For purposes of this calculation (i) “current assets” shall include, as of the date of calculation, the Availability but shall exclude any asset representing a valuation account arising from the application of ASC 410 and 815, and (ii) “current liabilities” shall exclude, as of the date of calculation, the current portion of long–term Debt existing under the Credit Agreement and any liabilities representing a valuation account arising from the application of ASC 410 and 815.

  • The Parent will not permit its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under ASC 815) to (ii) consolidated current liabilities (excluding non-cash obligations under ASC 815 and ASC 410) as of the last day of the fiscal quarters ending March 31, 2015 and June 30, 2015, to be less than 0.75 to 1.0, and as of the last day of any fiscal quarter ending thereafter, to be less than 1.0 to 1.0.

  • The amortization of the regulatory liability will be recorded in account 407.4 and will reflect the ASC 410 liability excluding costs related to third party and market risk premium.

  • The net ASC 410 expense will be charged to member distribution cooperatives through rates and deposited to the nuclear decommissioning trust fund.

  • The Parent will not permit, as of the last day of any fiscal quarter, commencing with the fiscal quarter ending September 30, 2021, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments then available to be borrowed, but excluding non-cash assets under FASB ASC 815) to (ii) consolidated current liabilities (excluding non-cash obligations under FASB ASC 410 and 815 and current maturities under this Agreement) to be less than 1.00 to 1.00.

  • The Parent will not permit its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under ASC 815) to (ii) consolidated current liabilities (excluding non-cash obligations under ASC 815 and ASC 410), as of the last day of any fiscal quarter, to be less than 1.0 to 1.0.