Senior Net Debt definition

Senior Net Debt means, at any date, Senior Debt at such date minus the aggregate amount of all cash and Cash Equivalent Investments of the Borrower and the other Restricted Subsidiaries that are subsidiaries of the Borrower (excluding any cash and Cash Equivalent Investments that are blocked or restricted so that they may not be used for general corporate purposes at such date) in excess of $10,000,000 at such date.

Senior Net Debt has the meaning given to it in Clause 21.1 (Financial definitions).

Senior Net Debt means, as of any date, all Net Debt of the Companies which is not Subordinated Debt. d-501795.7 LOAN AGREEMENT 16

Examples of Senior Net Debt in a sentence

• Total Senior Debt, Total Senior Net Debt, Total Group Debt and Total Group Net Debt includes £60.4 million lease liability.

• The covenant requirements include a Senior Net Debt to EBITDA ratio (max.

• For Chellomedia Programming, senior leverage refers to Senior Net Debt to Annualized EBITDA (last two quarters annualized) and total leverage refers to Total Net Debt to Annualized EBITDA (last two quarters annualized).

• However, the material improvement in the Proportional turnover in 2H20 allowed an improvement of the Proportional Recurrent EBITDA of circa 15.7 million euros and 11.9 million euros when compared to 1H20 and 2H19, respectively, due to Sonae Arauco and our fully owned businesses.In 2020, Senior Net Debt to Recurrent EBITDA (proportional) stood at circa 4.7x, which represents an increase of 0.2x vs.

• The following main conditions apply to the US PP programme:◆ The Senior Net Debt to EBITDA ratio may not exceed 3.75.

More Definitions of Senior Net Debt

Senior Net Debt means Borrowers’ Debt minus cash on hand, cash equivalents, marketable securities, and Subordinated Debt.

Senior Net Debt means as at any particular time, the aggregate outstanding principal, capital or nominal amount outstanding (other than fixed or minimum premium payable on prepayment or redemption) under the Term Facilities, the Capex Facility, the Revolving Credit Facility and the Ancillary Facilities:

Senior Net Debt means Debt minus cash on hand, cash equivalents, marketable securities, and Subordinated Debt.

Senior Net Debt means Total Interest Bearing Debt as would be reflected on a balance sheet of the Group less Cash and Cash Equivalents and Subordinated Debt.”

Senior Net Debt means the sum of: (i) Senior Debt (other than amounts committed but not outstanding under an Authorised Credit Facility); plus (ii) amounts drawn on the Liquidity Facility (other than in respect of a Standby Drawing) and amounts drawn from the Liquidity Standby Account; plus (iii) any Permitted Financial Indebtedness (as defined in the Master Definitions Agreement) (other than the CCFF Debt) incurred pursuant to paragraphs (a)(iv) to (a)(viii) of the definition thereof that is not, pursuant to the STID, subordinated to the Senior Debt; less amounts held in Authorised Investments or cash in any Borrower Account (excluding any Excluded Cash). Terms used in this definition but not defined have the meanings given to them in the Master Definitions Agreement.

Senior Net Debt means Senior Debt less Cash and Cash Equivalents of the Group in accordance with the Accounting Principles and as set out in the latest Financial Report.

Senior Net Debt means, at any time, Senior Debt less Cash of the Group (but without double counting).