Debt Turn definition

Debt Turn means the number of whole days immediately prior to month end in which the aggregate of Notified Debts, minus the Notified credit notes, equals Outstanding Debts.

Debt Turn means in relation to any assigned or pledged debt, the number of days (when measured on a cash collection basis), being the result of dividing the aggregate of the end of calendar monthly debtor balances in a relevant jurisdiction by net sales for that calendar month and multiplying the result by 30.5.

Debt Turn means in relation to any assigned or pledged debt, the number of days (when measured on a cash collection basis), being the result of dividing the aggregate of the end of calendar monthly debtor balances in a relevant jurisdiction by net sales for that calendar month and multiplying the result by 30.5. “Dilution Rate” means the average over a period of twelve months (calculated on a rolling basis) of the face value of credit notes and non-cash credits, write offs and other adjustments issued by a Client in a relevant jurisdiction in respect of assigned or pledged debts which are notified to Lloyds TSB or Lloyds TSB CF, the effect of which is to reduce the value of such assigned or pledged debts, expressed as a percentage of the face value of all assigned or pledged debts over such twelve months period. “Dutch Receivables Finance Agreements” means each of the receivables finance agreements dated on or about the date of this Agreement made between Lloyds TSB Netherlands Branch and Cimcool Europe and between Lloyds TSB Netherlands Branch and Cimcool Industrial. 12 “EBITDA” means, for any Review Period, the consolidated operating profit of the European Group for that Review Period, as shown in the consolidated accounts for the Review Period before:

Examples of Debt Turn in a sentence

• Mary Williams Walsh, Cities in Debt Turn to States, Adding Strain, N.Y. TIMES, Oct.

• Failure to comply with the Debt Turn and Dilution Rate covenants shall not constitute and does not result in an event of default or Termination Event under the Facilities but the Lenders (acting reasonably and in good faith) shall be entitled to make a proportionate and commensurate reserve against Availability to reflect the increased risk associated with such non-compliance..

• Adjustment An adjustment to the Prepayment Percentage applied at the beginning of each month, and arrived at by: comparing the sales ledger debt turn as conclusively determined by the Bank at the end of the previous calendar month against the Debt Turn Target specified in this Agreement; expressing any excess days as a percentage of the Debt Turn Target; and deducting this percentage from the Prepayment Percentage.

• Two continuous variables – average utilization of available loan in the last 90 days and Debt Turn, which is how long it takes the payments of the invoices to cover the sales outstanding at the beginning of the month - are kept as ordinal variables, since both produce a monotonic trend in the bad rate.

• Limits means any of the Prepayment Percentage; the Debt Turn Target; Funding Limits; Funding Period; the Prepayment Review Level; and the Concentration Limit[20 and each a Limit].

• Limits means any of the Prepayment Percentage; the Debt Turn Target; Funding Limits; Funding Period; the Prepayment Review Level; and the Concentration Limit[19 and each a Limit].