Net Financial Expenses means, for any Ratio Period, financial expenses, net for such Ratio Period, as appearing in the Financial Statements. Event of Default As defined in Section 16 (Default). Financial Statements At any time and from time to time: (a) the latest reviewed consolidated half-yearly financial statements of the Borrower; (b) the latest audited consolidated annual financial statements of the Borrower; delivered or required to be delivered to the Bank hereunder (together with all those notes attached thereto).
Net Financial Expenses means, for any Relevant Period, the aggregate amount of the accrued interest, commission, fees, discounts, prepayment fees, premiums or charges and other finance payments in respect of Financial Indebtedness paid or payable by any Group Company (calculated on a consolidated basis) in respect of that Relevant Period:
Net Financial Expenses means, in respect of a particular period, Interest Expenses minus Interest Income, where:
Examples of Net Financial Expenses in a sentence
Free Cash Flow = (EBITDA - CAPEX - Taxes - Net Financial Expenses* - Minority Interests - Working Capital Variation) * Considers interest paid.
The 5% increase in the year’s Net Financial Expenses, which amounted to 11.0 million euro, stems from a higher cost of debt compared to the previous year, as a result of a higher average debt spread in the first half of the year, partially offset by a lower market interest rate in the second half.
The covenants concern the following indicators:Total net financial debt, RAB (Regulatory Asset Base), EBITDA, and Net Financial Expenses.
Financial Expenses, Net Financial Expenses, Net were R$157.6 million, 151.8% higher compared with the second quarter of 2020, mainly because of (i) higher outstanding volumes of prepayment and credit and (ii) increased cost of funds, mostly due to the higher base rate in the country.
If they are unable to reach an agreement within forty-five (45) days of starting the negotiations, the Agent may refer to matter to an auditing firm of recognised international prestige to resolve any possible discrepancies, whose decision shall preserve the substance of what has been agreed by the parties to this Contract, particularly relative to the items used to define Net Financial Debt, EBITDA, Cash Flow Available for Debt Service and Net Financial Expenses.
More Definitions of Net Financial Expenses
Net Financial Expenses means, for any Ratio Period, financial expenses, net for such Ratio Period, as appearing in the Financial Statements. Event of Default As defined in Section 16 (Default). Financial Statements At any time and from time to time: (a) the latest reviewed consolidated half-yearly financial statements of the Borrower; (b) the latest audited consolidated annual financial statements of the Borrower; delivered or required to be delivered to the Bank hereunder (together with all those notes attached thereto). Finance Documents This Agreement including all annexes hereto and all Requests given to the Bank by the Borrower and all Repayment Schedules.
Net Financial Expenses means, for each calculation period: Guarantors under any of their debts or obligations; minus (b) the aggregated amount of all revenue obtained from interest, commissions, expenses and other financial sums earned or charged by the Borrower and the Guarantors; excluding amounts corresponding to Project Companies or Acquisition without recourses included in such Consolidated Financial Statements.
Net Financial Expenses means, with respect to any Person and for any period, (a) Interest Expense incurred and paid in relation to the Indebtedness of such Person, including (without duplication) (i) fees (including commitment fees), (ii) the interest portion of any deferred payment obligations, (iii) all fees and charges owed with respect to letters of credit or performance or other bonds, (iv) losses on derivative transactions, and (v) any amortization of debt discount, less (b) the sum of income received from investments, interest received, other financial income, and gains on derivative transactions, but excluding gains from foreign exchange variations, all determined in accordance with GAAP.
Net Financial Expenses means, for any period, the sum of all interest payable, fees payable and other recurring finance charges accrued in respect of Consolidated Total Debt during that period, less any interest receivable by the Group accrued during that period. Ratio Period means each period of twelve months ending on a Reporting Date.
Net Financial Expenses means Interest expenses minus Interest income. - Interest expenses includes: interests on financial debts and financing operations (Interests on loans payable, on bank overdrafts, discounts of notes receivable, amortization of redemption premium) after capitalization of financial expenses related to the financing of certain assets and incorporated in the purchase cost of such assets. Are excluded: penalties or commissions for loan prepayment, losses on financial instruments such as interest rate options and interest rate swaps, interest payable on non financial debts (commercial or other), loans issuing costs whether spread or not over the duration of the loan, net losses on disposals of marketable securities, decreases in the probable stock exchange value of trading securities, losses on repurchase of shares, debentures and other securities issued by the Group. - Interest income includes: interest income on financial assets (loans receivable, debit balance on bank current accounts, etc.). Are excluded income from non financial receivables, gains on financial instruments such as interest rate swaps or interest rate options, gains on disposal of marketable securities, increase in the probable stock exchange value of trading securities, income for marketable securities, gains on repurchase of shares, debentures or other securities issued by the Group. as each of the foregoing amounts shall be determined from the items so described in the consolidated statements of operations of the Group included in the annual consolidated accounts most recently delivered by RHODIA to the Banks. For the avoidance of doubt, on the basis of the Original Group Accounts, Net Financial Expenses are amounting to FRF 640.000.000-. "Obligor" means any of the Borrowers or the Guarantor.
Net Financial Expenses means, for any period, consolidated for Auna and its Subsidiaries, the sum of (a) all related interest, premium payments, discounts for debts, fees, charges and expenses for Auna and its Subsidiaries in relation to loans obtained (including capitalized interest), indirect credits (including bond letters, letters of credit and endorsements), and other financial products, and/or in relation to the payment for the deferred price of the asset purchase, in each case to the extent that said items are treated as financial expenses under the IFRS and (b) the portion of rent expenses for Auna and its Subsidiaries during said period under financial lease that, pursuant to IFRS, are treated as financial expenses, less (c) financial income, according to the corresponding financial statements.
Net Financial Expenses means all financial income and expenses accrued (regardless of the lender but ignoring non- deductible intra-group financial expenses); and