Adjusted Net Debt definition

Adjusted Net Debt with respect to any Person on any date of determination, (a) the aggregate principal amount of Indebtedness of such Person on such date (including, without limitation, letter of credit obligations of such Person) minus (b) the sum of all cash, time deposits, marketable securities and Liquid Inventory of such Person on such date.

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Adjusted Net Debt means, on the basis of the consolidated financial statements of the Issuer, the Consolidated Net Debt, less the amount of the Real Estate Debt;

Adjusted Net Debt means, as of any date of determination:

Examples of Adjusted Net Debt in a sentence

• To assist the Buyer with its review, the Seller shall provide any reasonable assistance and documentation required by the Buyer to review the Seller’s calculation of the Estimated Adjusted Net Debt in a timely manner.

• The Seller undertakes to provide the Estimated Adjusted Net Debt in a timely manner as set forth above.

• The Buyer shall not be entitled to challenge the Estimated Adjusted Net Debt prior to the Closing Date except in the event of manifest error.

• On the First Closing, the Buyer shall pay to the Seller the following amounts for 100% of the Shares of the Companies: an amount in cash (in Euros) equal to (A) the Base Price; (B) minus the Estimated Adjusted Net Debt, if a positive number, or, alternatively, if a negative number, plus the absolute value of such number.

• Estimated Adjusted Net Debt Means the Seller’s bona fide estimation of the Adjusted Net Debt of the Companies as of the First Reference Date, to be provided by the Seller to the Buyer in accordance with Clause 3.2.2. This amount can be a positive or a negative number.

More Definitions of Adjusted Net Debt

Adjusted Net Debt means, with respect to any Person on any date of determination, (a) the aggregate principal amount of Indebtedness of such Person on such date (including, without limitation, letter of credit obligations of such Person) minus (b) the sum of all cash, time deposits, marketable securities and Liquid Inventory of such Person on such date.

Adjusted Net Debt equals Net Debt, as adjusted below, on the applicable date. Adjusted EBITDA and Adjusted Net Debt shall be determined by making the following adjustments to the Company's EBITDA and to Net Debt:

Adjusted Net Debt means, as of any date of determination, an amount equal to the difference between (a) the outstanding principal amount of the Loan, minus, (b) the difference between (i) the sum of (A) cash and (B) Cash Equivalents, in each case, held by the Borrower on a freely available and unencumbered basis (other than Security Interests set forth in clauses (a), (b), (g) or (h) of the definition of “Permitted Security Interests”) subject to the perfected Security Interest of the Security Trustee, minus, (ii) fifty percent (50%) of the Minimum Liquidity required pursuant to Clause 12.4;

Adjusted Net Debt means the aggregate principal amount of non-current loans and borrowings, current lease liabilities and non-current lease liabilities, less cash and cash equivalents.

Adjusted Net Debt means, as of any date of determination, Net Debt of CSN and its Restricted Subsidiaries, as set forth in the most recent consolidated balance sheet of CSN that has been delivered to the trustee pursuant to the indenture, plus, without duplication, the proportionate Net Debt of MRS.

Adjusted Net Debt means the sum of:

Adjusted Net Debt means net debt less the amount of bonds and preferred shares redeemable in shares (ORA) that are accounted for as debt under IFRS, less liabilities associated with assets classified as held for sale, plus restricted cash (such as cash allotted as collateral for margin loans);