Net Debt Sample Clauses
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Net Debt. The elements of Net Debt may be described slightly differently and should be found either on the face of the Balance Sheet or in the relevant note to the financial statements. All interest bearing liabilities (other than retirement benefit obligations) should be included as borrowings as should, where disclosed, any liabilities (less any assets) in respect of any ▇▇▇▇▇▇ designated as linked to borrowings (but not non-designated ▇▇▇▇▇▇). Borrowings should also include balances owed to other group members. Deferred consideration payable should be included in Net Debt despite typically being non-interest bearing. Cash and cash equivalents should include short-term financial investments shown in current assets.
Net Debt. Aggregate sum of the balance of the consolidated onerous debts of the INTERVENING PARTY, including loans and financings, mutuums, issuance of fixed-income securities, promissory notes, and debentures, whether convertible or not, in the local or international capital market, as well as the sale or assignment of future receivables, if they are accounted for as obligations, and other indebtedness financial transactions of the company recorded in current and non-current liabilities less Cash and Cash Equivalents (cash and financial investments);
Net Debt. The Company shall use its reasonable best efforts to cause its Net Debt immediately prior to the Effective Time to be not greater than (i) $217,000,000 if the Effective Time shall occur on or after August 31, 2009 but before September 30, 2009, (ii) $205,000,000 if the Effective Time shall occur on or after September 30, 2009 but before November 30, 2009, (iii) $204,000,000 if the Effective Time shall occur on or after November 30, 2009 but before December 31, 2009, (iv) $197,000,000 if the Effective Time shall occur on or after December 31, 2009 but prior to January 31, 2010 and (v) $192,000,000 if the Effective Time shall occur on or after January 31, 2010; provided, however, that the amount of Net Debt shall not include any amounts relating to any transition or integration costs incurred by the Company at the request of Parent after the satisfaction of the condition set forth in Section 7.1(c). The term “Net Debt” of the Company and its subsidiaries shall mean (A) all amounts outstanding under the Senior Credit Agreement and the Subordinated Credit Agreement less (B) any cash or marketable securities held by the Company and its subsidiaries.
Net Debt. As of May 31, 2018, Raging River Net Debt was not greater than $310 million.
Net Debt. As of May 31, 2018, Baytex Net Debt was not greater than $1.8 billion.
Net Debt. The Purchaser shall assume or procure the reimbursement of the Closing Net Debt with effect from the Closing, notwithstanding the procedure set forth in Section 2.3(a) to (d) below.
(a) Not less than four (4) Business Days prior to the Closing, the Seller shall deliver to the Purchaser and to the Purchaser’s Accountants a written statement showing the Seller’s calculation of the Closing Net Debt, prepared on the basis of the Accounting Principles and Schedule 2.3 and which in any event shall not exceed three hundred and fifteen million (315,000,000) Euros (the “Seller’s Statement”). If pursuant to Section 5.2 the Purchaser gives its prior written consent to the acquisition by the Company or any Subsidiary of an undertaking between the date of this Agreement and the Closing Date, the amount of any indebtedness contracted by the Company or that Subsidiary and the amount of any cash paid by the Company or that Subsidiary in each case for the purposes of that acquisition as approved by the Purchaser shall not be taken into account in the calculation of the Closing Net Debt in accordance with this Section 2.3. The Purchaser will have a period of thirty (30) Business Days from the Closing Date to review the Seller’s statement and to notify the Seller either that it agrees with the amount of the Closing Net Debt set out in the Seller’s Statement or that it does not agree with the amount of the Closing Net Debt set out in the Seller’s Statement in which case it shall provide reasonable details of the basis for such disagreement. For the purposes of this review, the Seller shall procure that the Purchaser and the Purchaser’s Accountants shall have access to the accounts of and other relevant financial information relating to the Company and the Subsidiaries, as well as to the relevant working papers of the Seller, the Seller’s Accountants and the Auditors. The Closing Net Debt agreed by the parties or otherwise determined in accordance with this Section 2.3 is referred to herein as the “Final Net Debt”.
(b) If the Purchaser does not dispute the Closing Net Debt set out in the Seller’s Statement within thirty (30) Business Days from the Closing Date, the Seller’s calculation of the Closing Net Debt shall be the Final Net Debt.
(c) If the Purchaser disputes the computation of the Closing Net Debt set out in the Seller’s Statement within the above mentioned thirty (30) Business Day period and shall have notified the Seller of such fact in writing, the parties (each as...
Net Debt. The Company shall procure that the Consolidated Net Indebtedness is not on each Testing Date greater than:
(a) €3,850,000,000 on the Testing Date falling on 31st December, 2003; and
(b) €4,050,000,000 on the Testing Date falling on 31st March, 2004.
Net Debt. + Net Pension Deficit to EBITDA ratio “Net Debt” = Bank overdrafts + Loans and borrowings + Finance leases + Deferred consideration payable – Cash and cash equivalents “Net Pension Deficit” = Retirement Benefit Obligations – Retirement Benefit Assets “EBITDA” = Operating profit + Depreciation charge + Amortisation charge The majority of the elements used to calculate the Net Debt + Net Pension Deficit to EBITDA Ratio should be shown on the face of the Balance sheet, Income statement and Statement of Cash Flows in a standard set of financial statements but will otherwise be found in the notes to the financial statements.
Net Debt. The Company and its subsidiaries shall have Net Debt of less than $7,185,000.
Net Debt. As of May 17, 2016, the Company’s Net Debt does not exceed $188.2 million.