Net Financial Indebtedness means the aggregate principal amount outstanding (as adjusted for indexation, where applicable) of Financial Indebtedness of the Issuer (as the case may be) minus cash or cash equivalents (including cash balances on any accounts of the Issuer).
Net Financial Indebtedness means the nominal amount of Financial Indebtedness incurred minus the nominal amount of Financial Indebtedness repaid.
Net Financial Indebtedness as of any Testing Date means the financial indebtedness of the Issuer and its Subsidiaries on a consolidated basis, determined in accordance with IFRS, as of such Testing Date, less cash and cash equivalents of the Issuer and its Subsidiaries on a consolidated basis, determined in accordance with IFRS, as of such Testing Date.
Examples of Net Financial Indebtedness in a sentence
For the avoidance of doubt, Buyer reserves its right to comment and challenge the amounts included in the October 16, 2014 Working Capital and the Net Financial Indebtedness Calculations in accordance with Section 2.3. “COBRA” shall mean Section 4980B of the Code or Part 6 of Title I of ERISA, 29 U.S.C. Section 1161 et sec.
For clarity, items included in calculating the Financial Indebtedness or the Net Financial Indebtedness shall not be taken into account when calculating the Closing Date Working Capital.
More Definitions of Net Financial Indebtedness
Net Financial Indebtedness means, with respect to any Person at any date of determination (without duplication), Indebtedness minus cash.
Net Financial Indebtedness means: the Net Financial Indebtedness as defined in Schedule 5.1(a);
Net Financial Indebtedness means at any time the aggregate outstanding principal, capital or nominal amount of all obligations of the Group for or in respect of Financial Indebtedness and Guarantee of Financial Indebtedness but:
Net Financial Indebtedness means the nominal amount of Financial Indebtedness
Net Financial Indebtedness means the Financial Indebtedness less the "Cash and Cash Equivalents" item (or equivalent) as referred to in the latest annual audited consolidated financial statements of the Issuer.
Net Financial Indebtedness means (i) all of the Borrower's consolidated obligations for borrowed money, (ii) all obligations evidenced by debentures, notes or similar instruments, (iii) all obligations to pay a deferred purchase price for property, which appear as a liability in the consolidated balance sheet of the Borrower prepared in accordance with GAAP, except trade accounts payable, (iv) all obligations as lessee which are capitalized in accordance with GAAP, (v) all financial indebtedness of third parties which are secured by a security interest on any of its assets, (vi) all its contingent liabilities to the extent required to be included as debt in the balance sheet in accordance with GAAP, and (vii) the net amount of all of its payment obligations under financial derivative transactions, which appear as a liability in the consolidated balance sheet of the Borrower prepared in accordance with GAAP, less (viii) Liquid Assets, less (ix) the Wavetek Bond, less (x) the other subordinated debt permitted under Article 19 (I) (10) and less (xi) any loans made by stockholders.
Net Financial Indebtedness means, in respect of any Relevant Period, the Financial Indebtedness of the Group on the last day of that Relevant Period (other than Financial Indebtedness in respect of hedging agreements or other treasury transactions, in each case to the extent permitted by the terms of this Agreement, except for any crystallised exposures under such hedging agreements or treasury transactions or Financial Indebtedness arising in respect of any terminated hedging agreements or other treasury transactions) less the aggregate amount of Cash (including, for the avoidance of doubt, any cash provided as margin in connection with any terminated hedging agreement or other treasury transaction which has not been applied in paying any relevant termination payment) and Cash Equivalent Investments held by the Group during that Relevant Period.