Photos: The week’s worst restaurant inspections in Jacksonville (Dec. 3) – The Florida Times-Union | Mechanical Air Tight Gasket Doors

In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment. ASU 2017-04 simplifies the accounting for goodwill impairments by eliminating Step 2 from the goodwill impairment test. Under the previous guidance an impairment of goodwill exists when the carrying amount of goodwill exceeds its implied fair value, whereas under the new guidance a goodwill impairment loss would be recognized if the carrying amount of the reporting unit exceeds its fair value, limited to the total amount of goodwill allocated to that reporting unit. The ASU is effective for annual and any interim impairment tests for periods beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company early adopted this ASU during fiscal 2018 with no material impact to our consolidated financial statements.

(b)       Tenant shall, prior to the commencement of the Term and thereafter from time to time on Landlord’s request, furnish to Landlord certificates evidencing such coverages. If available at no additional charge, Tenant shall endeavor to cause its insurance company to cause such certificates to state that such insurance coverage may not be changed or cancelled without at least thirty (30) days prior written notice to Landlord. The insurance maintained by Tenant shall be deemed to be primary insurance and any insurance maintained by Landlord shall be deemed secondary thereto. All insurance carried by Tenant hereunder shall be provided by insurance providers licensed in the State of Missouri and have a rating of not less than A+ by A.M. Best or comparable rating.

"But the new name never stuck, and on Wednesday, the bureau’s new director, Kathy Kraninger, ditched the idea. ‘To be clear, I care much more about what we do than what we are called,’ Kraninger said in an email to staff Wednesday morning."

The engine of the John Deere 4010 (circa 1960) has small holes in the side of the block. Antifreeze (coolant) will leak out of these holes if the first cylinder to engine block seal fails. After the secondary seal is breached, coolant will get into the crankcase.

The following discussion and analysis should be read in conjunction with the Consolidated Financial Statements and notes thereto included or incorporated by reference elsewhere in this Report. In addition to the historical information contained herein, the discussions in this Report may contain forward-looking statements that may be affected by risks and uncertainties, including those discussed in Item 1A, Risk Factors. Our actual results could differ materially from those discussed in the forward-looking statements. Please refer to page 1 of this Report for a cautionary statement regarding forward-looking information.

The Fresh Air filter did a solid job of eliminating bad odors before they could settle in and stay. That leftover Thai food that was left in the fridge for a week? It was like it was never in there.

P.       Waiver of Defenses and Claims. In consideration of the financial accommodations provided to Borrower by Bank as contemplated by this Amendment, Borrower hereby waives, releases and forever discharges Bank from and against any and all rights, claims or causes of action against Bank arising under Bank’s actions or inactions with respect to the Loan Documents or any security interest, lien or collateral in connection therewith as well as any and all rights of set off, defenses, claims, causes of action and any other bar to the enforcement of the Loan Documents which exist as of the date hereof.

The Credit Agreement contains various restrictive covenants, including restrictions on the Company’s ability to dispose of assets, make acquisitions or investments, incur debt or liens, make distributions to shareholders or repurchase outstanding stock, enter into related party transactions and make capital expenditures, other than upon satisfaction of the conditions set forth in the Credit Agreement. During the quarter ended June 30, 2018, the Credit Agreement also required us to maintain (i) a minimum debt service coverage ratio of not less than 1.25 to 1.0 and (ii) a debt to equity ratio of not greater than 2.50 to 1.00 until maturity. Upon an event of default, which includes certain customary events such as, among other things, a failure to make required payments when due, a failure to comply with covenants, certain bankruptcy and insolvency events, and defaults under other material indebtedness, FIB may cease advancing funds, increase the interest rate on outstanding balances, accelerate amounts outstanding, terminate the agreement and foreclose on all collateral.

33.       Recordation. It is agreed between the parties that neither this Lease nor any memorandum hereof shall be recorded.

“Right now, with the sheer volume the huge plants are producing for the big grocery stores it’s all about efficiency and passing that milk through the process as quickly and safely as possible,” he explained.

And Grant Thornton chief economist Diane Swonk argues Powell was in a lose-lose situation in relation to investors: 

Avanzare Italian Dining, 1908 S Glenstone Ave. 12/20/2018 – Inspection; Result: Permit Active. Priority Violations Found: 4. Observed: Food containers with cracks in the plastic. Required: Food contact surfaces shall be free from breaks, open seams, cracks and chips. Observed: Inside lid of flour container not clean. Lid was removed and a new lid was replaced to cover the flour. Required: All food contact surfaces must remain clean to sight and touch. Observed: Medicine supplements bottle mixed in with food prep items on a food prep table. Medicine was removed from food prep table. Required: Medicines in a food establishment must be located to prevent contamination of food, and equipment. Observed: Server sanitizer water with no residual when tested. Sanitizer was re-made and tested between 200-400ppm for quaternary ammonia. Required: Quaternary ammonia sanitizer must test between 200-400 ppm or according to manufacturer specifications. Nonpriority Violations Found: 2. Observed: No paper towels in the paper towel dispenser at the dish hand sink. Required: Paper towels to be located at hand sinks. Observed: Salad mixing bowl being washed out in the hand sink on the salad prep line. Education was given. Required: Hand sinks are to only be used for hand washing.