Estimated Financial Debt definition

Estimated Financial Debt shall have the meaning set out in Clause 3.2.

Estimated Financial Debt means the estimate provided by the Seller to the Buyer of what the Financial Debt attributable to the Group Companies will be at Closing, as set out in the Statement of Estimates;

Estimated Financial Debt means the sum, at the Closing Date, without duplication, of: (i) the payable financial obligations in monetary terms that have accrued interest, including the principal and accrued interest on such obligations according to their titles or documents, excluding market value adjustments; and (ii) the financial obligations payable in monetary terms with title for collection, even without not accrued interest, accounted for at current fair value. For the purposes of the provisions in paragraphs (i) and (ii) above, those obligations refer to items included in the Closing Financial Statements only on the following items: (x) other financial liabilities, current and (y) other financial liabilities, non-current. The bank overdraft account is incorporated in the above accounts (x) and (y).

Examples of Estimated Financial Debt in a sentence

• On the fifth Business Day prior to Closing, Total shall deliver to the Buyer a statement (the “Closing Statement”) setting out the Estimated Cash, the Estimated Financial Debt, the Estimated Net Profit Adjustment and an amount (the “Estimated Purchase Price”), equal to the Enterprise Value plus the Estimated Cash minus the Estimated Financial Debt and the Estimated Net Profit Adjustment.

• Prior to the Closing Date, Total has delivered to the Buyer a statement (the “Closing Statement”) setting out the Estimated Cash, the Estimated Financial Debt, the Estimated Net Profit Adjustment and an amount (the “Estimated Purchase Price”), equal to the Enterprise Value plus the Estimated Cash minus the Estimated Financial Debt and the Estimated Net Profit Adjustment.

More Definitions of Estimated Financial Debt

Estimated Financial Debt means the Sellers’ good faith estimate of Financial Debt provided in accordance with Clause 6.14. “Estimated Working Capital” means the Sellers’ good faith estimate of Working Capital provided in accordance with Clause 6.14. “Event” has the meaning given to it in the Tax Deed.

Estimated Financial Debt means the Sellers’ good faith estimate of the Closing Date Financial Debt, prepared in accordance with the Accounting Principles and the criteria set forth in Annex 1.2(b), as set forth in the Closing Notice.

Estimated Financial Debt has the meaning set forth in Section 1.5(b).

Estimated Financial Debt means the bona fide estimate by the Vendor of Financial Debt (as if, for these purposes, a reference to the “Effective Time” in the definition of that term were a reference to “immediately prior to Completion”) as set out in the Completion Certificate including, for the avoidance of doubt, the Financial Debt Payout Amount.

Estimated Financial Debt means the Seller’s good faith best estimate of the amount equal to the Completion Date Financial Debt, as notified in writing by the Seller to the Buyer five (5) Business Days prior to the Completion Date;

Estimated Financial Debt means the Seller's good faith estimate of Financial Debt provided in accordance with clause 3.2 (Notification of estimates before Completion);

Estimated Financial Debt means, together: