Completion Net Debt definition

Completion Net Debt means the calculation of the Net Debt at the Completion Accounts Date as determined in accordance with Schedule 8;

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Completion Net Debt means the aggregated consolidated cash less the aggregated consolidated debt of the Group Companies at the Effective Time, calculated in accordance with Schedule 6 and Schedule 7.

Completion Net Debt means the Debt of the Group as at the Completion Date less any cash, Completion Inter-Company Loans and an amount equal to the value of any marketable securities held by the Group as at the Completion Date (but excluding any monies received by the Group in settlement of any claims brought by the Group under any insurance policies in which the Group has an interest between 31 March 2001 and the Completion Date);

Examples of Completion Net Debt in a sentence

• Adjustment Amount the amount (if any) equal to the Completion Working Capital Balance minus the Target Working Capital Balance, plus Completion Net Debt.

• Completion Accounts the accounts setting out Completion Working Capital Balance and Completion Net Debt, prepared as at the Effective Time in accordance with Schedule 7 and in the format set out in Schedule 8, together with such information required by Schedule 7 and Schedule 8.

• The parties acknowledge that the purpose of the preparation of the Completion Statement is to measure (i) the difference between the Target Working Capital and Completion Working Capital and (ii) the Completion Net Debt of the Group as at the Effective Time.

• Any such notification shall specify any areas of disagreement and any adjustments which are required in the opinion of the Purchaser to be made to the Net Debt Calculation and the Completion Net Debt.

• Following Second ▇▇▇▇▇▇▇▇▇ Call Option Completion, the Parties shall comply with their obligations in Schedule 6 (Completion Net Debt).

• Following Vodafone Call Option Completion or ▇▇▇▇▇▇▇▇▇ Put Option Completion, as applicable, the Parties shall comply with their obligations in Schedule 6 (Completion Net Debt).

• The Purchaser may, not later than ten Business Days after Completion, notify the Sellers in writing that it disagrees with the factual accuracy of the Net Debt Calculation and the Completion Net Debt as notified to the Purchaser pursuant to Clause 3.5.1 above.

• The Sellers shall notify to the Purchaser, in writing, the Completion Net Debt as at 5 pm on the Completion Date.

• Promptly after the Final Completion Statement Date, Seller and Purchaser shall calculate the Completion Net Debt and the Completion Working Capital using the Final Completion Statement.

• Payment is to be made in either case within five (5) Business Days of the date of issue of the final confirmation of Completion Net Debt and Completion Transaction Costs.

More Definitions of Completion Net Debt

Completion Net Debt means, as set out in the Completion Accounts, the outstanding borrowing and indebtedness of the Company and its subsidiaries (including without limitation all categories of borrowing and indebtedness set out in Schedule 5, but excluding borrowing and indebtedness included within working capital as defined in Schedule 5) less the cash and bank balances of the Company and its subsidiaries, from time to time;

Completion Net Debt if Indebtedness is greater than Completion Cash at 31 December 2016, the Indebtedness less the Completion Cash as determined pursuant to Schedule 10.

Completion Net Debt means the Company Net Debt as at the Relevant Time;

Completion Net Debt has the meaning given to it in Exhibit A in coordination with the definitions set forth in Schedule 7, calculated pursuant to this Agreement in accordance with the principles and policies specified for the Monthly Management Accounts.

Completion Net Debt bank debt of the Company less cash at bank each at Completion determined in accordance with Schedule 7 (Completion Accounts);