Net Debt Position definition

Net Debt Position means a balance calculated in respect of a month with reference to PS Notified Debt and Recoveries in accordance with Condition 2A.3.4.3 and in respect of which a Debt Payment or Debt Repayment may be made;“Non Annual Capacity Product”means a Capacity Product for a period shorter than a Gas Year that provides for capacity to be made available in a Gas Year;“Non Payment Month”means a month in which a relevant PS Non-Payment occurred;“Oversubscription Capacity” or “OS Capacity”means in respect of a given time, an amount of additional capacity (in kWh/day) (not exceeding the Entry Point Additional Capacity) which is available for allocation on a firm basis or is allocated on a firm basis at an Entry Point, for a duration of one Day as a result of the availability of Entry Point Additional Capacity and as determined in accordance with the OS Scheme and the Network Code;“OS Charging Statement”has the meaning given in the OS Conditions;“OS Conditions”means Condition 2A.2.1.11 to Condition 2A.2.1.21;“OS Procedure”has the meaning given to it in the OS Conditions;“OS Scheme”has the meaning given to it in the OS Conditions;“OS Services”has the meaning given in the OS Conditions;“Postalised Charges”means the Forecast Postalised Charges and/or the Year-End Postalised Charges as the case may be;“Postalisation Conditions”means the Conditions in Part 2A and the OS Conditions;“Postalised System” or “PS”means the system comprising all gas pipe-lines designated as being subject to a common tariff pursuant to all orders made pursuant to Article 59 of the Energy (Northern Ireland) Order 2003 in force at such time;
Sample 1
Net Debt Position means (i) the Indebtedness of the Company and its Subsidiaries, taken as a whole, as of December 31, 2023, minus (ii) the cash and cash equivalents of the Company and its Subsidiaries, taken as a whole, as of December 31, 2023, which amount is set forth on Section 8.3(vv) of the Company Disclosure Letter.
Sample 1
Net Debt Position means a balance calculated in respect of a month with reference to PS Notified Debt and Recoveries in accordance with Condition 2A.3.4.3 and in respect of which a Debt Payment or Debt Repayment may be made; “Non Annual Capacity Product” means a Capacity Product that provides for capacity to be made available throughout a period shorter than a Gas Year; “Non Payment Month” means a month in which a relevant PS Non-Payment occurred; “Oversubscription Capacity” or “OS Capacity”
Sample 1

Examples of Net Debt Position in a sentence

  • Net Debt Position The Corporation has a $350 million senior secured revolving corporate loan facility (the “Facility”) with a syndicate of leading international banks, which is scheduled to be repaid between September 2018 and March 2020.

  • Retail Fuel Gallons Sold in LTM142 / 65Total Dealer Locations/ Contracted Dealer LocationsDelek US Focused on Creating Long Term Shareholder ValueFinancial flexibility supports ability to explore opportunities Delek US Net Debt Position 6/30/16Cash$377.1Total Debt941.4Net Debt (Cash)564.3DKL Debt362.6Net Debt (Cash)excluding DKL $201.7 $535 million(1) retail transaction should reduce debt and improve cash position– Debt associated with the retail assets will be repaid from proceeds at closing.

  • Net Debt PositionThe following table summarises the Company’s net debt position as at 30 September 2021 and 31 December 2020.Table 32: Net Debt Position ($'000s)1Corporate loan facilities are presented at face value.2 Adjusted EBITDA is per table 35 and is calculated using the trailing twelve months Adjusted EBITDA.

  • The Cross Debt Clearing House (CDCH) agreed position in 2009 was used as the opening balance for rolling-over bills and payments to arrive at the Net Debt Position yearly.

  • US GAAP (E BN) [BAR CHART, PLOT POINTS BELOW] French GAAP Net Debt 2001 14.6 BskyB (1.3) ST and LT Receivables* 2.2 Derivatives Mark To Market 0.2 Marketable Securities* 0.5 Treasury Shares 1.4 Vendor Financing Cegetel 0.8 Off-Balance Real Estate Commitment 0.7 Estimated Net Debt Position (US GAAP) 19.1 *Excludes BSkyB.

  • To the extent an amount with respect to any asset or liability is included in the calculation of the Closing Date Life Net Equity, such amount shall not be included in the calculation of the Consumer Net Debt Position or the Closing Date Consumer Working Capital.

  • As of the date hereof, the Net Debt Position of the Company and the 1998 Consolidated Entities is not materially different than the Net Debt Position of such entities as of September 30, 1998.

  • This IQC will enhance USAID’s ability to implement IRS programs on the ground through cost-effective commodities procurement and logistics systems, access to technical expertise, and implementation of IRS in countries affected by malaria.

  • Nixu’s Net Debt Position: 31 Dec 2019 31 Dec 2018December 31,2019 thereafter every six months.

  • As of September 30, 1998, the Net Debt Position of the Company and the 1998 Consolidated Entities was not more than DM33 million.


More Definitions of Net Debt Position

Net Debt Position means a balance calculated in respect of a month with reference to PS Notified Debt and Recoveries in accordance with Condition 2A.3.4.3 and in respect of which a Debt Payment or Debt Repayment may be made;
Sample 1
Net Debt Position means the difference between the Indebtedness for Borrowed Money from banking institutions of the Company and the 1998 Consolidated Entities) and the book cash position of the Company and the 1998 Consolidated Entities; provided, that no more than DM3 million of the consolidated book cash utilized in such calculation shall be attributable to Xxxxx, Inc.
Sample 1
Net Debt Position means a balance calculated in respect of a month with reference to
Sample 1

Related to Net Debt Position

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

  • Debt Yield means, as of any date of determination, a fraction expressed as a percentage in which:

  • Net Total Leverage Ratio means, on any date, the ratio of (A) (i) without duplication, the aggregate principal amount of any Consolidated Debt of the Borrower and its Subsidiaries outstanding as of the last day of the Test Period most recently ended as of such date less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) Adjusted EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (i) Consolidated Total Indebtedness secured on a first lien basis, net of Unrestricted Cash, as of the last day of such Test Period, to (ii) Consolidated EBITDA for such Test Period.

  • First Lien Leverage Ratio means, on any date, the ratio of (a) Consolidated First Lien Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (x) the sum of (a) Consolidated Total Indebtedness as of such date and (b) without duplication, the Reserved Indebtedness Amount as of such date to (y) LTM EBITDA.

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Consolidated First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated First Lien Leverage Ratio means, as of the date of determination, the ratio of (a) Consolidated Indebtedness as of such date that is secured by first-priority Liens on the Collateral to (b) EBITDA for the most recently ended Test Period, in each case of the Borrower and its Restricted Subsidiaries on a consolidated basis.

  • Adjusted Leverage Ratio means, on any date of determination, the ratio of (i) Adjusted Liabilities to (ii) Tangible Net Worth.

  • Senior Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.

  • Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.

  • Total Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • 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:

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • 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.

  • Net Debt Proceeds means, with respect to any incurrence of Indebtedness for borrowed money, the cash proceeds (net of underwriting discounts and commissions and other reasonable costs associated therewith) received by the respective Person from the respective incurrence of such Indebtedness for borrowed money.

  • Consolidated Senior Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Senior Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.

  • Pro Forma EBITDA means, for any period, the Consolidated EBITDA of the Issuer and the Restricted Subsidiaries, provided that for the purposes of calculating Pro Forma EBITDA for such period, if, as of such date of determination:

  • Secured Net Leverage Ratio means, on any date, the ratio of (a) Consolidated Secured Net Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • EBITDA means, with respect to any Person for any period, the net income for such Person for such period plus the sum of the amounts for such period included in determining such net income in respect of (i) interest expense, (ii) income tax expense, and (iii) depreciation and amortization expense, in each case as determined in accordance with GAAP.

  • Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4).

  • Consolidated First Lien Net Debt means Consolidated Total Net Debt minus the sum of (i) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is not secured by any Lien on the Collateral and (ii) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is secured by Liens on the Collateral, which Liens are expressly subordinated or junior to the Liens securing the Obligations.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Total Debt means, at any time, the sum (determined on a consolidated basis and without duplication) of all Indebtedness of the Borrower and its Subsidiaries, excluding contingent obligations with respect to Surety Instruments (other than any letter of credit issued for the account of the Borrower or any Subsidiary to support Indebtedness of a Person other than the Borrower or any Subsidiary).