Estimated Total Net Debt definition

Estimated Total Net Debt means the net total of the Estimated Debt and Estimated Cash (calculated on the basis that Debt balances shall be treated as being negative and Cash balances shall be treated as positive) which shall be Estimated Total Net Debt of at least four million pounds sterling (L4,000,000);
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Estimated Total Net Debt has the meaning set forth in Section ‎2.7(a).
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Examples of Estimated Total Net Debt in a sentence

  • On Completion, the Buyer shall pay to the Seller in cash for value on the Completion Date by wire transfer of immediately available funds to the Seller's Solicitor's client account the net total of: L65 million pounds sterling; and the amount of Estimated Total Net Debt; and the amount of Estimated Intra-Group Indebtedness.

  • On Completion, the Buyer shall procure a payment to the Seller in cash for value on the Completion Date by wire transfer of immediately available funds to the Seller's Solicitor's client account the net total of: L65 million pounds sterling; and the amount of Estimated Total Net Debt; and the amount of Estimated Intra-Group Indebtedness.

Related to Estimated Total Net Debt

  • Consolidated Total Net Debt means, as of any date of determination, the aggregate principal amount of Indebtedness of the Borrower and its Restricted Subsidiaries outstanding on such date, in an amount that would be reflected on a balance sheet prepared as of such date on a consolidated basis in accordance with GAAP (but excluding the effects of any discounting of Indebtedness resulting from the application of purchase accounting in connection with the Transactions or any Permitted Acquisition), consisting of Indebtedness for borrowed money, purchase money indebtedness, Attributable Indebtedness, and debt obligations evidenced by promissory notes, bonds, debentures, loan agreements or similar instruments, minus the aggregate amount of all unrestricted cash and Cash Equivalents on the balance sheet of the Borrower and its Restricted Subsidiaries as of such date; provided that Consolidated Total Net Debt shall not include Indebtedness (i) in respect of letters of credit (including Letters of Credit), except to the extent of unreimbursed amounts thereunder; provided that any unreimbursed amount under commercial letters of credit shall not be counted as Consolidated Total Net Debt until three Business Days after such amount is drawn, (ii) for the avoidance of doubt, Non-Financing Lease Obligations and (iii) of Unrestricted Subsidiaries; it being understood, for the avoidance of doubt, that obligations under Swap Contracts do not constitute Consolidated Total Net Debt.

  • Total Net Debt means, at any time, the aggregate amount of all obligations of members of the Group for or in respect of Borrowings at that time but:

  • Estimated Cash has the meaning set forth in Section 2.4(a).

  • Net Debt is calculated by adding short-term and long-term debt and subtracting cash and liquid assets.

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.