Consolidated Net Borrowings definition

Consolidated Net Borrowings means, at any time, the aggregate amount of all obligations of the Group for or in respect of Indebtedness for Borrowed Money but excluding any such obligation to any member of the Group, adjusted to take account of the aggregate amount of freely available cash and cash equivalents held by any member of the Group (and so that no amount shall be included or excluded more than once);

Consolidated Net Borrowings means, at any time, the aggregate amount of all obligations of the members of the Group, other than Project Finance Subsidiaries (but including, for the avoidance of doubt, any guarantee obligations of any other member of the Group in respect of the obligations of a Project Finance Subsidiary), for or in respect of Indebtedness for Borrowed Money but excluding any such obligation to any member of the Group, adjusted to take account of the aggregate amount of freely available cash and cash equivalents held by any member of the Group, other than Project Finance Subsidiaries, and so that no amount shall be included or excluded more than once, provided that, if a percentage of the EBITDA of any Associate is included in the Consolidated EBITDA then the same percentage of such Associate’s Consolidated Net Borrowings (but as if references in such definition to “Group” were references to the Associate and its Subsidiaries) will be included in the calculation of Consolidated Net Borrowings;

Consolidated Net Borrowings means Consolidated Total Borrowings less cash and cash equivalents (as determined in accordance with generally accepted accounting principles in Singapore);

Examples of Consolidated Net Borrowings in a sentence

• The Parent must ensure that the ratio of Consolidated Net Borrowings of the Parent Group to EBITDA of the Parent Group at any time does not exceed 2.5 to 1.

• For the avoidance of doubt, but without derogating from clause 18.1.2, if any Financial Indebtedness is permitted to be incurred under clause 19.4.2 and, subsequent to the incurral of such Financial Indebtedness (but provided there was compliance with clause 19.4.2 at the time of incurral of such Financial Indebtedness), the Permitted Indebtedness Ratio be in excess of 2:1, the Consolidated Net Borrowings will not be required to be reduced so that the Permitted Indebtedness Ratio is not in excess of 2:1.

• The Issuer hereby covenants with the Trustee that so long as any of the Notes remains outstanding, it will ensure that:7.2.1 the Consolidated Tangible Net Worth is not less than S$150,000,000;7.2.2 the ratio of Consolidated Net Borrowings to Consolidated Total Equity does not exceed 4:1; and7.2.3 the ratio of Consolidated Secured Debt to Consolidated Total Assets shall not at any time exceed 0.7:1.

• For the purposes of both covenants, a new definition - "Adjusted Consolidated Tangible Net Worth" - was introduced and for the purposes of the gearing limit a new definition of "Total Consolidated Net Borrowings" was also introduced.

• In the Trust Deed, the Issuer has covenanted that, so long as any of the Notes remains outstanding, it will ensure that the ratio of Consolidated Net Borrowings (as defined in the Trust Deed) of the Issuer and its subsidiaries to Consolidated Shareholders’ Funds (as defined in the Trust Deed) of the Issuer and its subsidiaries shall not at any time exceed 3.0:1.

More Definitions of Consolidated Net Borrowings

Consolidated Net Borrowings means at any time the aggregate amount of all obligations of members of the Group for or in respect of the principal amount of all Financial Indebtedness at such time (but excluding any such obligations owing to and beneficially owned by any other member of the Group) less the aggregate of:

Consolidated Net 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 (but without double counting):

Consolidated Net Borrowings means, at any time, the aggregate amount of all obligations of the members of the Group, other than Project Finance Subsidiaries (but including, for the avoidance of doubt, any guaranteed obligations of any other member of the Group in respect of the obligations of a Project Finance Subsidiary), for or in respect of Indebtedness for Borrowed Money but excluding any such obligation to any member of the Group, adjusted to take account of the aggregate amount of freely available cash and cash equivalents held by any member of the Group, other than Project Finance Subsidiaries, and so that no amount shall be included or excluded more than once, provided that, if a percentage of the EBITDA of any Associate is included in the Consolidated EBITDA then the same percentage of such Associate’s Consolidated Net Borrowings (but as if references in such definition to Group were references to the Associate and its Subsidiaries) will be included in the calculation of Consolidated Net Borrowings; 20.1.1.3 Consolidated Net Finance Charges means, in respect of any Measurement Period, the aggregate amount of the interest (including the interest element of leasing and hire purchase payments and capitalised interest), recurring or periodic commission, fees, discounts and other finance payments payable by any member of the Group, other than Project Finance Subsidiaries, (including any recurring or periodic commission, fees, discounts and other finance payment payable by any member of the Group under any interest rate hedging arrangement but deducting any recurring or periodic commission, fees, discounts and other finance payments receivable by any member of the Group under any interest rate hedging instrument) but deducting any other interest receivable by any member of the Group, other than Project Finance Subsidiaries, on any deposit or bank account, provided that, if a percentage of the EBITDA of any Associate is included in the Consolidated EBITDA then the same percentage of such Associate's Consolidated Net Finance Charges (but as if references in such definition to Group were references to the Associate and its Subsidiaries) will be included in the calculation of Consolidated Net Finance Charges; and 20.1.1.4 Measurement Period means each period of 12 (twelve) Months ending on the last day of the Parent's Financial Year and each period of 12 (twelve) Months ending on the last day of the first half of the Parent's Financial Year. For the purposes of this Clause 20, if at a...

Consolidated Net 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 (and where such aggregate amount falls to be calculated, no amount shall be taken into account more than once in the same calculation):

Consolidated Net 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 (but without double counting): (aa) bank overdrafts and all other indebtedness in respect of any borrowings; (bb) the principal amount of the Notes or any bonds or debentures of any member of the Group whether issued for cash or a consideration other than cash; (cc) the liabilities of the Issuer under the Trust Deed or the Notes; (dd) all other indebtedness whatsoever of the Group for borrowed moneys; and (ee) any redeemable preference shares issued by any member of the Group and which are classified as debt or liability in the consolidated accounts of the Issuer, but after deducting therefrom any cash and cash equivalents;

Consolidated Net Borrowings means at any time Consolidated Total Borrowings less Consolidated Cash and Cash Equivalents.

Consolidated Net Borrowings means at any time Consolidated Gross Borrowings less:-