Operating Balance definition

Operating Balance means the amount of funds necessary for indemnification as determined by the director.

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Operating Balance means the positive or negative amount, if any, equal to (i) all proceeds collected by Sellers in respect of the Purchased Assets attributable to the period after the Effective Time (unless such proceeds are remitted or allocated to Buyer pursuant to Section 3.6), minus (ii) all costs and expenses incurred after the Effective Time and paid by Sellers in respect of the Purchased Assets (it being understood that all personal property and ad valorem real property Taxes, fees or assessments attributable to the Purchased Assets shall be apportioned on a calendar year basis as of the Effective Time based upon 2010 Taxes assessed on the Purchased Assets).

Operating Balance means the positive or negative amount, if any, equal to (i) all proceeds collected by Seller in respect of the Purchased Assets attributable to the period after the Effective Time (unless such proceeds are remitted or allocated to Buyer pursuant to Section 3.6), minus (ii) all costs and expenses incurred after the Effective Time and paid by Seller in respect of the Purchased Assets (it being understood that all personal property and ad valorem real property Taxes, fees or assessments attributable to the Purchased Assets shall be apportioned on a calendar year basis as of the Effective Time based upon 2011 Taxes assessed on the Purchased Assets), minus (iii) the amount, if any, by which the Gas Imbalance Adjustment is more than zero, plus (iv) the amount, if any, by the Gas Imbalance Adjustment is less than zero, plus (v) the Suspension Amounts.

Examples of Operating Balance in a sentence

• Education Provider further agrees that any grants received from any federal or state agency or nonprofit corporation shall be used as directed by the grantor of the grant and any unexpended funds from those sources shall not be deemed as unexpended funds, and shall not be part of the base upon which Education Provider's fees are calculated, nor in any calculation of the Year End Operating Balance.

• Employees who permanently leave City service shall receive vacation pay, in lieu of time off, for accrued vacation time.

• They are used to determine the gross revenue, the operating expenses, the net results and to establish the Characteristic Operating Balance referred to in Article 26.4 of each entity making up Contractor, which entities remain responsible to keep their own accounting books.

• Balance Evidence of the credit to the Earnings Account of the appropriate Minimum Operating Balance.

• The Borrower shall ensure that from the Delivery Date and throughout the remainder of the Facility Period the appropriate Minimum Operating Balance remains credited to the Earnings Account.

• At all times on and after the Second Amendment Effective Date, (i) maintain the combined cash balance in the Designated Deposit Account and the Designated U.S. Deposit Account in an amount equal to or greater than the Specified Operating Balance and (ii) refrain from making any transfers out of the Designated U.S. Deposit Account other than Specified Transfers.

• For purposes of this Section 3.4(a), the calculation of the Operating Balance set forth in the Preliminary Settlement Statement shall not include the Suspense Funds.

• Seller shall pay to Buyer on demand Seller’s portion of all Taxes allocated to Seller under this Section 6.4 but paid by Buyer, and Buyer shall pay to Seller on demand Buyer’s portion of all Taxes allocated to Buyer under this Section 6.4 but paid by Seller, except, in each case, to the extent such Taxes were already taken into account in determining the Operating Balance.

• Both the Operating Balance Sheet and the Closing Balance Sheet (individually a "Balance Sheet" and collectively the "Balance Sheets") shall contain a calculation of the combined tangible net worth of the Sellers as of their respective dates (i.e., total combined tangible assets less total combined tangible liabilities, in each case as reflected on the applicable Balance Sheet).

• Issuer shall provide Purchaser Agent with account balance reports demonstrating a combined balance in the Designated Deposit Account and the Designated U.S. Deposit Account not less than the Specified Operating Balance as per this Section 6.6(a) promptly (in any case within three (3) Business Days of request) as requested by Purchaser Agent from time to time.

More Definitions of Operating Balance

Operating Balance means the positive or negative amount, if any, equal to (i) all proceeds collected by Seller in respect of the Purchased Assets attributable to the period after the Effective Time (unless such proceeds are remitted or allocated to Buyer pursuant to Section 3.6), minus (ii) all costs and expenses incurred after the Effective Time and attributable to the period after the Effective Time and paid by Seller in respect of the Purchased Assets (it being understood that all personal property and ad valorem real property Taxes, fees or assessments attributable to the Purchased Assets shall be apportioned on a calendar year basis as of the

Operating Balance means the positive or negative amount, if any, equal to (i) all proceeds collected by Seller in respect of the Purchased Assets attributable to the period after the Effective Time (unless such proceeds are remitted to Buyer pursuant to Section 3.6), minus (ii) all costs and expenses incurred after the Effective Time and paid by Seller in respect of the

Operating Balance means the positive or negative amount, if any, equal to (i) all proceeds collected by Seller in respect of the Purchased Assets attributable to the period after the Effective Time (unless such proceeds are remitted to Buyer pursuant to Section 3.6), minus (ii) all costs and expenses incurred after the Effective Time and paid by Seller in respect of the Purchased Assets (it be understood that all Asset Taxes shall be allocated as determined in accordance with the procedures set forth in Section 6.4), minus (iii) the amount, if any, by which the Gas Imbalance Adjustment is more than zero, plus (iv) the amount, if any, by the Gas Imbalance Adjustment is less than zero, plus (v) the amount of Suspense Funds, minus (vi) the amount set forth on Schedule 2.2(g).

Operating Balance means the positive or negative amount, if any, equal to (i) all proceeds collected by Seller in respect of the Purchased Assets attributable to the period after the Effective Time (unless such proceeds are remitted or allocated to Buyer pursuant to Section 3.6), minus (ii) all costs and expenses incurred after the Effective Time and attributable to the period after the Effective Time and paid by Seller in respect of the Purchased Assets (it being understood that all personal property and ad valorem real property Taxes, fees or assessments attributable to the Purchased Assets shall be apportioned on a calendar year basis as of the Effective Time based upon 2013 Taxes assessed on the Purchased Assets in accordance with Section 6.4), minus (iii) the amount, if any, by which the Gas Imbalance Adjustment is more than zero, plus (iv) the amount, if any, by the Gas Imbalance Adjustment is less than zero, plus (v) the amount of Suspense Funds.