Consolidated Gross Borrowings definition

Consolidated Gross Borrowings means the aggregate principal or capital amount of all Borrowed Money incurred by the Group (including any fixed or minimum premium payable on final repayment) plus the aggregate principal element of Borrowed Money secured by any Encumbrance over all or any part of the undertaking, property, assets, rights or revenues of any member of the Group except that:
Sample 1Sample 2Sample 3
Consolidated Gross Borrowings means at any time the aggregate of all obligations of the Group for the repayment of money, whether present or future, actual or contingent incurred in respect of:-
Sample 1Sample 2Sample 3
Consolidated Gross Borrowings means, in relation to the Group, an amount (expressed in Hong Kong dollars) for the time being, calculated on a consolidated basis, in accordance with generally accepted accounting principles in Hong Kong, equal to the aggregate of:
Sample 1Sample 2Sample 3

Examples of Consolidated Gross Borrowings in a sentence

  • Regarding trade between Member States, the Commission notes that intra-Union trade should be considered affected once a national measure reinforces the position of an undertaking as regards its competitors.

  • The termination date of this facility is December 2022.2. Covenant complianceThe core facility has two covenants, Consolidated Gross Borrowings as a percentage of Consolidated Net Tangible Assets, and the ratio of Consolidated PBIT to Consolidated Gross Financing Costs.

  • The Group’s cash flow and fair value interest rate risk is constantly monitored by the Group’s management.The Board is confident that based on the historical performance of the Group, the finance costs are sufficiently covered by the rental income.The Group has two covenants covering Consolidated Gross Borrowings as a percentage of Consolidated Net Tangible Assets, and the ratio of Consolidated PBIT to Consolidated Gross Financing Costs.


More Definitions of Consolidated Gross Borrowings

Consolidated Gross Borrowings means at any time the aggregate of all obligations of the Group for the repayment of money, whether present or future, actual or contingent incurred in respect of:- (i) money borrowed from all sources; (ii) any bonds, notes, loan stock, debentures or similar instruments; (iii) acceptance credits, bills of exchange or documentary credits; (iv) shares issued on the basis that they are or may become redeemable (at redemption value); (v) gross obligations under finance leases; (vi) the factoring of debts; (vii) guarantees, indemnities or other assurances against financial loss; and (viii) amounts raised or obligations incurred in respect of any other transaction which has the commercial effect of borrowing. For the avoidance of doubt, any liabilities in relation to trade debts, including any amounts owing to Zindart (HK) and any of its Subsidiary Undertakings which arise as a result of the supply of goods and services to the Group in the normal course of business and in relation to the Trade Receivables (the "Trade Debt"), shall be excluded in computing Consolidated Gross Borrowings. However, any amounts owed to Zindart (HK) and the Parent by the Group other than the Trade Debt (including the GBP8,106,000 subordinated loans outstanding at the date of this Agreement) shall be included in computing Consolidated Gross Borrowings;
Sample 1
Consolidated Gross Borrowings means all indebtedness incurred in respect of borrowed money (together with any fixed premium on repayment) of the Group and shall be deemed to include (without limitation):
Sample 1
Consolidated Gross Borrowings means at any time, the aggregate of all obligations of the Group for the repayment of money, whether present or future, actual or contingent incurred in respect of:- (a) money borrowed from all sources (b) any bonds, notes, loan stock, debentures or similar instruments (c) eligible debt securities, bills of exchange or documentary credits (d) shares issued on the basis that they are or may become redeemable (at redemption value) (e) gross obligations under Finance Leases (f) the factoring of debts (g) guarantees, indemnities or other assurances against financial loss and (h) amounts raised or obligations incurred in respect of any other transaction which has the commercial effect of borrowing
Sample 1
Consolidated Gross Borrowings means at any time the aggregate of all obligations of the Group for the repayment of money, whether present or future, actual or contingent incurred in respect of:- (i) money borrowed from all sources; (ii) any bonds, notes, loan stock, debentures or similar instruments; (iii) acceptance credits, bills of exchange or documentary credits; (iv) shares issued on the basis that they are or may become redeemable (at redemption value); (v) gross obligations under finance leases; (vi) the factoring of debts; (vii) guarantees, indemnities or other assurances against financial loss; and (viii) amounts raised or obligations incurred in respect of any other transaction which has the commercial effect of borrowing.
Sample 1
Consolidated Gross Borrowings has the meaning set out in Clause 22.1 (Financial definitions).
Sample 1

Related to Consolidated Gross Borrowings

  • Consolidated Total Borrowings means in relation to the Group, an amount (expressed in Singapore dollars) for the time being, calculated on a consolidated basis, in accordance with generally accepted accounting principles in Singapore, equal to the aggregate of:

  • Total Borrowings means, in respect of the Corporation on a consolidated basis, as of a given date, the aggregate of the following, without duplication:

  • Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Canadian Borrowing Base means at any time an amount equal to the sum of the Dollar Equivalent of, without duplication:

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Consolidated Net Tangible Assets means the total assets of the Company and its Restricted Subsidiaries (less applicable depreciation, amortization, and other valuation reserves), less all current liabilities (excluding intercompany liabilities) and all intangible assets of the Company and its Restricted Subsidiaries, all as set forth on the most recent consolidated balance sheet of the Company and its Restricted Subsidiaries, prepared in accordance with GAAP.

  • Working Capital Borrowings means borrowings incurred pursuant to a credit facility, commercial paper facility or similar financing arrangement that are used solely for working capital purposes or to pay distributions to the Partners; provided that when such borrowings are incurred it is the intent of the borrower to repay such borrowings within 12 months from the date of such borrowings other than from additional Working Capital Borrowings.

  • Consolidated Debt means, at any date, the Debt of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis as of such date.

  • Consolidated Net Debt means, as of any date of determination, (a) Consolidated Total Debt minus (b) the aggregate amount of cash and Cash Equivalents of the Borrower and the Restricted Subsidiaries as of such date that is not Restricted.

  • Consolidated Outstanding Indebtedness means, as of any date of determination, without duplication, the sum of (a) all Indebtedness of the Consolidated Group outstanding at such date, determined on a consolidated basis in accordance with GAAP (whether recourse or non-recourse), plus, without duplication, (b) the applicable Consolidated Group Pro Rata Share of any Indebtedness of each Investment Affiliate other than Indebtedness of such Investment Affiliate to a member of the Consolidated Group.

  • Consolidated Group Pro Rata Share means, with respect to any Investment Affiliate, the percentage of the total equity ownership interests held by the Consolidated Group in the aggregate, in such Investment Affiliate determined by calculating the greater of (i) the percentage of the issued and outstanding stock, partnership interests or membership interests in such Investment Affiliate held by the Consolidated Group in the aggregate and (ii) the percentage of the total book value of such Investment Affiliate that would be received by the Consolidated Group in the aggregate, upon liquidation of such Investment Affiliate, after repayment in full of all Indebtedness of such Investment Affiliate.

  • Consolidated Net Indebtedness means at any time, Consolidated Total Indebtedness minus all Unrestricted Cash of the Borrowers and their Subsidiaries calculated on a consolidated basis as of such time.

  • Consolidated Indebtedness means at any time all Indebtedness of the Borrower and its Subsidiaries calculated on a consolidated basis as of such time.

  • Revolving Loan Availability means at any time the lesser of (a) the Revolving Loan Commitment or (b) the Borrowing Base Amount.

  • Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Borrowings means the plural thereof.

  • Consolidated Interest Incurred for any period means the sum, without duplication, of (1) Consolidated Interest Expense and (2) interest capitalized for such period (including interest capitalized with respect to discontinued operations).

  • Adjusted Consolidated Net Tangible Assets means (without duplication), as of the date of determination, the remainder of:

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Consolidated Total Tangible Assets means, as of any date, the Consolidated Total Assets as of such date, less all goodwill and intangible assets determined in accordance with GAAP included in such Consolidated Total Assets.

  • Consolidated Total Funded Indebtedness (i) obligations under any derivative transaction or other Hedging Agreement, (ii) undrawn Letters of Credit, (iii) Earn-Outs to the extent not then due and payable and if not recognized as debt on the balance sheet in accordance with GAAP and (iv) leases that would be characterized as operating leases in accordance with GAAP on the date hereof.

  • Consolidated Capital Expenditures means, for any period, the aggregate of all expenditures of Company and its Subsidiaries during such period determined on a consolidated basis that, in accordance with GAAP, are or should be included in “purchase of property and equipment” or similar items reflected in the consolidated statement of cash flows of Company and its Subsidiaries.