Examples of Net Financial Debt in a sentence
The Net Financial Debt / EBITDA ratio shall not be measured on Financial Statements prior to March 31, 2024.
In addition to the obligations to do and not do as specified in Chapter XIII of this Judicial Reorganization Agreement, in Fixed Income Bond B the Debtor Company undertakes to maintain a Net Financial Debt / Adjusted EBITDA ratio of no greater than (a) 6.5 times, measured and calculated on the consolidated 2This table is for reference purposes, with the UF value of July 2, 2020.
Consequentially, any claim of the relevant Group Companies for a potential loss compensation or any liability concerning a potential profit transfer is part of the Net Financial Debt under Clause 5.2 (d).
For these purposes: (x) Net Financial Debt shall correspond to: /i/ The sum of the items posted in the categories “Other current financial liabilities,” “Other non-current financial liabilities,” “Current lease liabilities,” “Non-current lease liabilities;” minus /ii/ the item posted to the category “Cash and cash equivalents;” all the above being from the Enjoy Statement of Consolidated Financial Position, which forms an integral part of the Financial Statements.
The total Consideration shall be the aggregate of (i) €205,000,001, being the total Consideration for the Shares and the Halsteren Assets on a debt and cash free, and (ii) €5,000,000, being the Target Net Financial Debt, which is to be adjusted in accordance with Clause 4.1(c)(ii).