Definitions of Financial Terms. In Clause 14.1 (Financial Condition of the Group), the Group's Debt to EBITDA Ratio shall be calculated as follows: A = B / C where: A = the Group's Debt to EBITDA Ratio at such time; B = the amount of the Loan at such time plus the aggregate of any other amount(s) then outstanding under any other of the Group's indebtedness falling due and payable more than twelve (12) months after such time (but expressly excluding any such amount(s) which is (are) repayable under a Note; and C = the amount of the Group's net earnings for the preceding period of twelve (12) months plus the aggregate of any and all amount(s) in respect of: (i) extraordinary items, if any including, inter alia, any amount(s) in respect of the termination of management services agreement charges so deducted; (ii) depreciation and amortisation, if any; (iii) foreign exchanges gains or losses, if any (such that foreign exchange losses are applied as a positive number and vice versa); (iv) taxes, if any; (v) net interest and expenses paid by any member of the Group in respect of any Financial Indebtedness; (in each case, such amount(s) to be in respect of such preceding period of twelve (12) months) Provided that for the avoidance of doubt, it is expressly agreed that any Distribution(s) paid by any member of the Group during such preceding period of twelve (12) months is not to be added back for the purposes of calculating the value of C in this formula.
Definitions of Financial Terms. In Clause 14.1 (Financial Condition of the Group): "Consolidated Net Worth" means, at any date, the aggregate consolidated shareholders' equity of the Guarantor and each member of the Group less their aggregate consolidated Write-ups, all determined as of such date.
Definitions of Financial Terms. The expressions used in this Clause 17 (Financial Condition) shall have the following meanings:
