Financial Debt definition

Financial Debt means a debt along with interest, if any, which is disbursed against the consideration for the time value of money and includes—

Financial Debt means borrowings and indebtedness in the nature of borrowing (including by way of acceptance credits, discounting or similar facilities, loan stocks, bonds, debentures, notes, overdrafts or any other similar arrangements the purpose of which is to raise money) owed to any banking, financial, acceptance credit, lending or other similar institution or organisation;

Financial Debt means as to any Person:

Examples of Financial Debt in a sentence

• A default of any nature occurs under the Cohesion Funds Agreement and such default continues beyond any applicable period of grace; or any such Financial Debt of the Borrower under the Cohesion Funds Agreement becomes prematurely due and payable or is placed on demand; or the cohesion funds under the Cohesion Funds Agreement are suspended or cancelled or the Cohesion Funds Agreement is terminated before its maturity.

• The Borrower shall, at all times, commencing on the date of this Agreement maintain a ratio of (i) Cash Available for Debt Service for the 12 months preceding the date of calculation to (ii) the sum of the principal repayments and interest payments on all Financial Debt due or accrued during such period, of not less than 1.2:1.

• Any payment on any Financial Debt (including the Financial Debt under the Existing Loan Agreements) of the Borrower (other than the Loan) is not paid when due; or a default of any nature not otherwise provided for in this paragraph occurs under any agreement evidencing any such Financial Debt of the Borrower and such default continues beyond any applicable period of grace; or any such Financial Debt of the Borrower becomes prematurely due and payable or is placed on demand.

• The Borrower shall, at all times, starting from the date of this Agreement, maintain a ratio of (i) Financial Debt to (ii) EBITDA, of not more than 4.5:1.

• If a waiver or consent cannot be obtained prior to Completion, the Parties agree to discuss in good faith the most efficient manner to repay or refinance such Third Party Financial Debt upon Completion.

More Definitions of Financial Debt

Financial Debt means a debt alongwith interest, if any, which is disbursed against the consideration for the time value of the money and includes -

Financial Debt means any Indebtedness of Seller of the type in clauses (a), (b), (c), (h) and, with respect to the foregoing clauses, (j) of the definition thereof, outstanding as of the Measurement Time.

Financial Debt means any indebtedness of a Person or Persons, individually or in the aggregate, for or in respect of:

Financial Debt means, without duplication, Debt of the kinds set forth in clauses (a), (b), (d) or (g) of the definition of Debt, or of the kinds set forth in clauses (e) or (f) thereof to the extent relating to Debt of the type referred to in (a), (b), (d) and (g) of the definition thereof.

Financial Debt means all borrowings and other indebtedness by way of overdraft, acceptance credit or similar facilities, loan stocks, bonds, debentures, notes, debt, supplier/customer factoring, inventory, financing, finance leases or sale and lease back arrangements or any other arrangements the purpose of which is to borrow money, together with forex, interest rate or other swaps, hedging obligations, bills of exchange, recourse obligations on factored debts and obligations under other derivative instruments, in each case with the exception of (i) any debt which is owed by a Group Company (other than the Company) to the Company or to another Group Company and (ii) ordinary trade credit;

Financial Debt means all borrowings and other indebtedness by way of overdraft, acceptance credit or similar facilities, loan stocks, bonds, debentures, notes, debt or inventory financing, finance leases or sale and lease back arrangements or any other arrangements the purpose of which is to borrow money, together with forex, interest rate or other swaps, hedging obligations, bills of exchange, recourse obligations on factored debts and obligations under other derivative instruments;

Financial Debt all outstanding obligations of the LuxCo1 Group for money borrowed (including for the avoidance of doubt, accrued but unpaid interest), outstanding obligations evidenced by notes, debentures, bonds or similar instruments, the payment for which the LuxCo1 Group is liable and the net present value of all obligations as lessees under all finance leases including sale and leaseback programs but Financial Debt shall exclude any liability for amounts owed by LuxCo1 to any direct shareholders thereof and shall also exclude any liability for amounts owed between members of the LuxCo1 Group and, for the purposes of the 2010 Call Option Period shall include 50 per cent. of any Prepayment Penalties and, for the purposes of the 2010 Put Option Period, the 2011 Call Option Period, the 2011 Put Option Period, the 2012 Call Option Period, and the 2012 Put Option Period, shall include 100 per cent. of any Prepayment Penalties; “Financial Year” a twelve month financial period of the Company ending on 31 December, or such other date as may be adopted by a resolution of the Shareholders at a general meeting of Shareholders to be the end of the financial year of the Company;