Net Debt definition

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

Net Debt means, at any time, the aggregate outstanding principal amount of all debt (including, without limitation, the principal portion of all capitalized leases) of the Borrower and its Subsidiaries (determined on a consolidated basis in accordance with GAAP) less the sum of (without duplication);

Net Debt means the amount necessary to liquidate the remaining debt in a single lump sum payment, excluding all unearned interest and other unearned finance charges.

Examples of Net Debt in a sentence

• The Purchase Price has been calculated on the assumption that the Net Debt as at the Closing Date will be zero EUROS (EUR 0).

• For purposes of any determination of Consolidated Total Debt or Consolidated Total Net Debt, amounts in currencies other than Dollars shall be translated into Dollars at the currency exchange rates used in preparing the most recently delivered financial statements pursuant to Section 5.01(a) or Section 5.01(b).

• If the Sellers’ Agents and the Purchaser do not reach an agreement on the Completion Accounts and on the amounts of the Working Capital, the Net Debt, the Purchase Price and the Purchase Price Adjustments within the period referred to above, then the Disputed Items (and only the Disputed Items) shall be referred, on the application of the most diligent Party between the Purchaser and the Sellers’ Agents, for determination by an Accounting Firm.

More Definitions of Net Debt

Net Debt means, as of any date of determination, the aggregate amount of Indebtedness (except for intercompany Indebtedness as among the Company and its Subsidiaries) of the Company and its Subsidiaries, plus any scheduled payments owing by the Company or its Subsidiaries for Fines less the sum of cash and cash equivalents, including marketable securities.

Net Debt means, as of the last day of a given fiscal year of the Company, the excess of (a) Consolidated Total Indebtedness (as defined in the Credit Agreement) of the Company over (b) the amount of cash and cash equivalents set forth on the Company’s balance sheet.

Net Debt means Debt for Borrowed Money less Cash and Cash Equivalents.

Net Debt means the sum of the outstanding principal amount of the senior secured notes, interest thereon, amounts outstanding under the revolving credit facility and deferred consideration payable in relation to the acquisition of portfolio investments, less cash and cash equivalents. Net debt is presented because it indicates the level of debt after taking out of the Group’s assets that can be used to pay down outstanding borrowings, and because it is a component of the maintenance covenants in the revolving credit facility. The breakdown of net debt for the period ended 30 June 2020 is as follows:

Net Debt means long-term debt and bank loans, including the current portion thereof, net of cash and cash equivalents.

Net Debt means gross debt less cash and cash equivalents (cash plus marketable investment securities);

Net Debt means the total indebtedness of the Issuer less any amounts held in the Senior Debt Restricted Amortization Account, the Senior Debt Service Reserve Accounts, the Senior Debt Restricted Reserve Accounts, the Subordinated Debt Service Reserve Accounts and the Senior Debt Redemption Accounts.