NCFC definition
Examples of NCFC in a sentence
NCFC will not permit (i) the Quarterly Average Leverage Ratio for any period of measurement to be greater than 10.0 to 1.0, (ii) the Daily Leverage Ratio on any date to be greater than 15.0 to 1.0, or (iii) the Adjusted Leverage Ratio as of the last day of each fiscal quarter to be greater than 12.0 to 1.0.
NCFC makes the relevant Representations and Warranties by reference to the facts and circumstances then existing on the date of this Agreement as if each reference in those Representations and Warranties include this Agreement and the Amended Agreement.
NCFC will at all times during each fiscal year maintain Tangible Net Worth of not less than (a) the greater of (i) $130,000,000 or (ii) eighty-five percent (85%) of the Tangible Net Worth at the end of its most recently completed fiscal year (or, in the case of Tangible Net Worth at the end of any fiscal year, its prior fiscal year) plus (b) ninety percent (90%) of capital contributions made during such fiscal year plus (c) fifty percent (50%) of positive year-to-date net income.
The Company and NCFC will not, and will not permit any ERISA Affiliate to, become a party to any Multiemployer Plan.
As of the Signing Date, neither NCFC nor the Company has any material contingent obligation, contingent liability or liability for taxes, long-term lease or unusual forward or long-term commitment, which is not reflected in the foregoing financial statements or in the notes thereto.
Each of NCFC and the Company has filed all tax returns ----- required to be filed by it, and has paid all taxes and assessments payable by it which have become due, other than those not yet delinquent and except for those contested in good faith by appropriate proceedings for which adequate reserves in conformity with GAAP have been provided.
During all NC Courage and NCFC matches, sections 204 and 205 are all designated standing areas.
Nothing in this Agreement shall affect any right that Norfolk may otherwise have to bring any action or proceeding relating to this Agreement against NCFC or its properties in the courts of any jurisdiction.
Checks are acceptable in advance only and may be made payable to: NC Courage or NCFC, as applicable.
An annual meeting of shareholders shall be held of the 1st day of June of each year, unless notified of an alternate date in accordance with the provisions of these bylaws, at 3:00 p.m. for the purpose of electing directors and for the transaction of such other business as may properly come before it.