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 if Indebtedness is greater than Completion Cash at 31 December 2016, the Indebtedness less the Completion Cash as determined pursuant to Schedule 10.
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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;
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Examples of Completion Net Debt in a sentence

  • 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 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.

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

  • 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.

  • The Completion Net Debt, the Completion Net Working Capital and the Final Disposal Consideration shall be the relevant amount set out in the final Completion Net Debt statement and the final Completion Net Working Capital statement, which are either agreed upon by MSMH’s representatives and the Purchaser or failing which, determined by the Independent Accountants (in the absence of manifest error) and shall be binding on the parties.

  • To go back to this system would make sense, since many still use these terms in everyday life.

  • 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.

  • Completion Cash Statement: means a statement to be delivered by the Sellers to the Buyer at Completion confirming estimated figures for (i) Completion Working Capital (ii) Cash (iii) Debt Cash (iv) Working Capital Cash (v) Indebtedness and (vi) the Completion Net Debt or the Completion Net Cash.

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

  • 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.


More Definitions of Completion Net Debt

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

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Final Completion Date means the date on which Final Completion occurs.

  • Construction Completion Date means the Completion Date of the Construction as specified in the Statutory Declaration of Completion for the Project;

  • Project Completion Schedule means the progressive Project Milestones set forth in Schedule-J for completion of the Project Highway on or before the Scheduled Completion Date;

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • Substantial Completion Date means the date on which Substantial Completion occurs.

  • Completion Schedule means the fulfilment of the Related Services by the Supplier in accordance with the terms and conditions set forth in the Contract;

  • Total Net Debt means, at any time, the aggregate amount of all obligations of members of the Group for or in respect of Borrowings at that time but:

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Project Completion means the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • Subproject means a specific project to be carried out by an existing BE utilizing the proceeds of a Sub-loan or Investment, as hereinafter defined, fulfilling the conditions set forth in Part A of Schedule 4 to this Agreement;

  • Net Debt is calculated by adding short-term and long-term debt and subtracting cash and liquid assets.

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Completion Notice means a notice issued by the Developer in accordance with clause 6.1.

  • Construction Completion means physical construction of a cleanup action component is complete.

  • Final Completion Certificate has the meaning set forth in Section 11.6.

  • COMPLETION TIME means the period by ‘date/month’ specified in the ‘Letter of Intent/Award’ or date mutually agreed upon for handing over of the intended scope of work, the erected equipment/plant which are found acceptable by the Engineer, being of required standard and conforming to the specifications of the Contract.

  • Guaranteed Substantial Completion Date or “Guaranteed Substantial Completion Dates” has the meaning set forth in Section 5.3B.

  • Construction Completion Certificate means a certificate of the I-Bank to the effect that the construction of the Project is complete.

  • Target Net Working Capital Amount means $5,000,000.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.