Debt Target definition

Debt Target means $11,000,000 minus any Working Capital Decrease minus Net Income Taxes.
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Debt Target means $1,545,000,000, minus any Debt transferred or being transferred (including through the sale of a Person holding such Debt) in connection with the sale, conveyance or transfer of any Permitted Asset Disposal, or the sale, conveyance or transfer of any Non-Core Asset minus in the event that EME or any Acquired Company is required to sell, transfer or convey assets as a result of any Order of a Governmental Authority in connection with the Chevron Litigation, any Debt transferred or being transferred (including through the sale of a Person holding such Debt) in connection with the sale, transfer or conveyance of such asset, and minus the Debt amortization specifically with respect to any Non-Core Assets after the date of this Agreement and prior to 12:00 a.m. on the Closing Date.
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Debt Target means $160 million plus any Unreimbursed Cash.
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Examples of Debt Target in a sentence

  • Peach Group shall have delivered to JGW a certificate certifying that the Estimated Closing Recourse Debt Statement of the Peach Entities is true and correct as of the close of business on the day immediately preceding the Closing Date, as contemplated by Section 5.5, and the Closing Recourse Debt reflected on the Closing Statement of the Peach Entities shall not exceed the Closing Recourse Debt Target for the Peach Entities by more than $10,000,000.

  • Net Debt Target Net debt as of June 30, 2004 Asset sales announced and expected to close in 2004 Non-recourse debt associated with announced sales Cheyenne Plains project financing Targeted net debt at December 31, 2004 $ 18.6 (1.8 ) (0.2 ) 0.3 $ 16.9 Preliminary and Unaudited ($ Billions) Further impact may come from asset sales, cash flow vs.

  • JGW shall have delivered to Peach Group a certificate certifying that the Estimated Closing Recourse Debt Statement of the JGW Entities is true and correct as of the close of business on the day immediately preceding the Closing Date, as contemplated by Section 5.5, and the Closing Recourse Debt reflected on the Closing Statement of the JGW Entities shall be not exceed the Closing Recourse Debt Target for JGW by more than $10,000,000.

  • We strengthened our balance sheet: • Reduced our long-term debt by $1.7 billion and Net Debt by $3.5 billion following the closing of the Arrangement and surpassed our interim Net Debt Target of $10 billion, positioning us to increase our allocation of Free Funds Flow towards shareholder returns.

  • If on the Closing Date the Actual Long-Term Debt is more than the Long-Term Debt Target, then the amount of the Second Promissory Note shall be decreased by the difference between the Long-Term Debt Target and the Actual Long-Term Debt.

  • LIFO / Net Debt Target: 2.0x Improved Book Value of Equity Book Value of Equity ($M) Ryerson’s strong income generation led to positive book value of equity of $131M as of June 30, 2019.

  • In addition, the EBITDAR Target, EBITDAR Floor, Debt Target and Debt Ceiling will be adjusted to reflect acquisitions and dispositions as mutually agreed upon by the Board of Directors and Chief Executive Officer of the Company.

  • Exhibit B to this Agreement specifies the Company's performance goals for calendar years ______ through ______ (each, a "Performance Year") of (i) the target EBITDAR ("EBITDAR Target") and minimum EBITDAR ("EBITDAR Floor") with respect to EBITDAR and (ii) the target Debt ("Debt Target") and the maximum Debt ("Debt Ceiling") with respect to Debt.

  • The Merger Consideration provided for in Section 1.8 of this Agreement shall be increased by the amount of gross proceeds raised by the Company during the Interim Period for any Unassisted Permitted Company Equity Issuance by including such amounts in the definition of Company Cash at the Reference Time in calculating the difference between the Net Debt and the Net Debt Target.

  • For the sake of clarity, as an example, if the Net Debt Target is a positive Five Million Dollars ($5,000,000) and the Net Debt is a negative Five Million Dollars ($-5,000,000), then the Net Debt is less than the Net Debt Target by Ten Million Dollars ($10,000,000) and an additional One Million (1,000,000) shares will be added to the Merger Consideration.


More Definitions of Debt Target

Debt Target shall have the meaning ascribed to such term in Section 3(b) of this Agreement.
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Debt Target means six hundred thousand ($600,000) dollars of Bank Debt on the part of the Company as of the Closing Date. "Employee Benefit Plans", as defined in Section 4.26(e). "Environmental Actions" refers to any complaint, summons, citation, notice, directive, order, claim, litigation, investigation, proceeding, judgment, letter or other communication from any federal, state, local or municipal agency, department, bureau, office or other authority or any third party involving a Hazardous Discharge or any violation of any order, permit or Environmental Laws.
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Debt Target means $137,461,000, which for illustration purposes was determined by the parties in the manner set forth in Schedule 1.1B.
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Related to Debt Target

  • Soft Target means a target that will suffer minimum damage and cause minimum damage to the subject vehicle in the event of a collision.

  • KPI Target means the acceptable performance level for a KPI as set out in each KPI;

  • Acquisition Target means any Person becoming a Subsidiary of the Company after the date hereof; any Person that is merged into or consolidated with the Company or any Subsidiary of the Company after the date hereof; or any Person with respect to which all or a substantial part of that Person’s assets are acquired by the Company or any Subsidiary of the Company after the date hereof.

  • continuing candidate means any candidate not deemed to be elected, and not excluded,

  • Consolidated First Lien Net Debt means, as of any date of determination, the aggregate principal amount of Consolidated Net Debt on such date that is secured by a Lien on any asset of the Borrower and its Restricted Subsidiaries as of such date, but excluding such Indebtedness to the extent secured on a junior lien basis to the Obligations.

  • First Lien Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated First Lien Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Consolidated First Lien Net Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Net Debt (other than any portion of Consolidated Net Debt that is unsecured or is secured solely by a Lien that is expressly subordinated to the Liens securing the Obligations) as of such date to (b) Consolidated EBITDA for the most recent Test Period.

  • Debt to Equity Ratio means the ratio of the value of liabil- ities to equity, calculated according to s. 126.28 (6) (c) 2.

  • Net Working Capital Target means $0.00.

  • Working Capital Target has the meaning set forth in Section 1.7(a).

  • Opt-Out Period means the period that begins the day after the earliest date on which the Notice is first distributed, and that ends no later than 30 days before the Final Approval Hearing. The deadline for the Opt-Out Period shall be specified in the Notice.