Patriot. Act, and any regulations implementing such acts;
Patriot. The Atlas Card Account is sponsored by Bank.
Patriot. ACT Each Lender hereby notifies the Borrower and the Subsidiary Guarantors that pursuant to the requirements of the USA Act (Title III of Pub. L. 107-56 (signed into law on October 26, 2001) (the “Act”), it is required to obtain, verify and record information that identifies the Borrower and the Subsidiary Guarantors, which information includes the name and address of the Borrower and the Subsidiary Guarantors and other information that will allow such Lender to identify the Borrower and the Subsidiary Guarantors in accordance with the Act. The Borrower agrees to cooperate for itself and on behalf of the Subsidiary Guarantors with each Lender and provide true, accurate and complete information to such Lender in response to any such request. ARTICLE XV. COUNTERPARTS This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one agreement, and any of the parties hereto may execute this Agreement by signing any such counterpart. This Agreement shall be effective when it has been executed by the Borrower, the Administrative Agent and the Lenders and each party has notified the Administrative Agent by email or telephone, that it has taken such action. (Remainder of page intentionally left blank.) - 126 - US_ACTIVEActive\121281000\V-110
Patriot. Act, etc . The Account Party shall have provided to Bank the documentation and other information requested by Bank in order to comply with requirements of any Anti-Money Laundering Laws, including, without limitation, the PATRIOT Act and any applicable “know your customer” rules and regulations.
Patriot. SELECTED CONDENSED CONSOLIDATED HISTORICAL FINANCIAL DATA (in thousands, except per share amounts) Period October 2, 1995 Year Ended December 31, (Inception of --------------------------- Operations) through 1998 1997 1996 December 31, 1995 -------- -------- ------- ------------------- Operating Data: Total revenue.................. $595,410 $185,554 $76,493 $11,095 (Loss) income before income tax, minority interests and extraordinary item............ (3,404) 3,769 44,813 7,064 (Loss) income before extraordinary item............ (14,328) 382 37,991 6,096 Net (loss) income.............. $(44,888) $ (2,152) $37,991 $ 5,359
Patriot. Patriot, in accordance with SFAS No. 109, recorded a deferred tax liability during 1998 in conjunction with the acquisition of foreign operations, the Arcadian transaction. As of December 31, 1998, Patriot had a deferred tax liability of approximately $38,912 and recognized $1,148 of deferred tax expense associated with foreign operations. PATRIOT AMERICAN HOSPITALITY, INC. AND WYNDHAM INTERNATIONAL, INC. NOTES TO FINANCIAL STATEMENTS--(Continued) Wyndham The income tax provision of Wyndham for year ended and six months ended December 31, 1998 and 1997, respectively consists of the following: 1998 1997 -------- ---- Current: Federal.................................................... $ 25,691 $199 State...................................................... 3,355 130 -------- ---- Total current................................................ 29,046 329 -------- ---- Deferred: Federal.................................................... (13,130) 136 State...................................................... (1,535) 16 -------- ---- Total deferred............................................... (14,665) 152 -------- ---- Total income tax expense................................. $ 14,381 $481 ======== ==== The reason for the difference between total tax expense and the amount computed by applying the statutory Federal income tax rate of 35% to income before income taxes is as follows: 1998 1997 -------- ---- Tax at statutory rate........................................ $(27,874) $127 State income taxes........................................... 1,820 118 Valuation allowance.......................................... 17,866 -- Assets held for sale......................................... 7,573 -- Goodwill..................................................... 5,330 -- Lease buyout costs........................................... 20,033 -- Minority interest and other.................................. (10,367) 236 -------- ---- Total income tax expense................................... $ 14,381 $481 ======== ==== Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of Xxxxxxx's deferred tax assets and liabilities for the year ended and six months ended December 31, 1998 and 1997, respectively are as follows: 1998 1997 -------- ------- Deferred tax assets: Net operating losses..................
Patriot. Patriot and Wyndham shall each cause such designee of the Crow Family Entities to be elected to the Board of Directors of Patriot on the Family- Designee Date in place of such Family Designee.
Patriot. (a) Until such time as Patriot obtains financing from one or more banks, financial institutions or other lending entities, Borrower shall cause Patriot to maintain all of its operating, depository and securities accounts (collectively, the “Patriot Accounts”) with Bank and Bank’s affiliates.
Patriot. (a) Within 45 days following the Effective Date and until such time as Patriot obtains financing from one or more banks, financial institutions or other lending entities, Borrower shall cause Patriot to maintain all of its operating, depository and securities accounts (collectively, the “Patriot Accounts”) with Bank and Bank’s affiliates.
Patriot. Upon the request of Purchaser, the Selling Stockholders will, and will use their commercially reasonable efforts to cause any Person affiliated with Patriot, LLC and Patriot Partnership to, discuss the terms and conditions of the organizational and other governing documents of Patriot LLC and Patriot Partnership with Purchaser and consider in good faith any changes reasonably proposed by Purchaser.
