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.

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.

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.

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.

• The non-GAAP measures presented should not be considered in isolation, and should not be considered as a substitute for, or as an alternative to, EOG’s reported Net Income (Loss), Long-Term Debt (including Current Portion of Long-Term Debt), Net Cash Provided by Operating Activities and other financial results calculated in accordance with GAAP.

• 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.

More Definitions of Current Portion

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).

Current Portion means the portion of an Award that is not deferred pursuant to Section 10.

Current Portion with respect to any Person shall mean the portion (determined in accordance with GAAP) of long-term Debt of such Person shown as a current liability on the consolidated balance sheet of such Person;

Current Portion means, with respect to each Effective Time Holder, a fraction, (a) the numerator of which is the number of shares of Acquirer Common Stock originally issued by Acquirer to such Effective Time Holder pursuant to Section 1.8(a) and continuously held by such Effective Time Holder (including (i) any Escrow Shares distributed to such Effective Time Holder in accordance with Article 8 and the Escrow Agreement and (ii) any Unvested Acquirer Stock but excluding any shares subject to any pledge, option, hedging, forward purchase or other Contract pursuant to which the economic consequences of ownership of the Acquirer Common Stock have been transferred) during the period beginning on the Closing Date and ending on the Top-Up Payment Date, and (b) the denominator of which is the number of shares of Acquirer Common Stock originally issued by Acquirer to such Effective Time Holder pursuant to Section 1.8(a) (including any Escrow Shares such Effective Time Holder has a right to receive and any shares of Unvested Acquirer Stock).

Current Portion means, at any time, as to any Long-Term Debt, the portion thereof scheduled to mature within one year. First Supplemental Indenture ----------------------------

Current Portion means that portion of Current/Delinquent Accounts Receivable which are outstanding less than 121 days after the first invoice date. I certify to Lenders that (a) I am the ____________________ (chief financial officer or treasurer) of Pool Company on the date hereof, and (b) based on the aged trial balance of trade accounts receivables of the Material Obligors for the accounting month set forth on the schedules attached hereto, the following is a true and correct calculation of the Borrowing Base as defined in the Credit Agreement:

Current Portion shall have the meaning set forth in Section 2.3.