Net Financial Indebtedness definition

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).
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Net Financial Indebtedness means the nominal amount of Financial Indebtedness incurred minus the nominal amount of Financial Indebtedness repaid.
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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.
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Examples of Net Financial Indebtedness in a sentence

  • Consolidated Net Financial Indebtedness as at any Accounting Date shall not be more than 0.50 x times the Consolidated Net Worth as at that Accounting Date.

  • The amount of the US Estimated Net Financial Indebtedness and the amount of the US Estimated Net Working Capital will be calculated by the Sellers in the presence of Buyers and in compliance with the provisions of Schedule 5.2(a), and will be provided by Sellers to Buyers at least five (5) Business Days prior to Closing.

  • We confirm that as at [relevant testing date] Total Net Financial Indebtedness was [ ]; and EBITDA was [ ]; therefore, the ratio of Total Net Financial Indebtedness to EBITDA was [ ] to 1.

  • In addition: (i) in the event that in any Quarter the ratio of the Borrower’s Net Financial Indebtedness to the Borrower’s Total Assets as referred to in clause 15.19.2.3.1 below, shall be more than [***]% ([***] percent), then (without derogating from said clause 15.

  • The Obligors' Agent shall ensure that the ratio of Consolidated Net Financial Indebtedness of the Group at the end of each Measurement Period to Consolidated EBITDA for that Measurement Period shall be less than 2.75:1.


More Definitions of Net Financial Indebtedness

Net Financial Indebtedness as of any Testing Date means the Financial Indebtedness of the Issuer and its Subsidiaries on a consolidated basis, 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.
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Net Financial Indebtedness means, with respect to any Person at any date of determination (without duplication), Indebtedness minus cash.
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Net Financial Indebtedness of any Person as of any date means (A) for purposes of determining the Put Price or the Call Price pursuant to Article
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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:
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Net Financial Indebtedness means, as of any date with respect to any Person, all financial indebtedness (including capitalized lease obligations) of such Person outstanding on such date, minus cash and cash equivalents of such Person on such date.
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Net Financial Indebtedness means, in respect of any Relevant Period, the Financial Indebtedness of the IHS Group on the last day of that Relevant Period (other than Financial Indebtedness (a) arising under any Subordinated Shareholder Loan or New IHS Shareholder Loan and (b) 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 IHS Group during that Relevant Period.
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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.
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