Target Debt definition

Target Debt means “Elan Debt” as defined in the Initial Tender Offer Announcement.

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Target Debt means $0.00.

Target Debt means the Indebtedness for Borrowed Money of the Target and its Subsidiaries that is either (x) outstanding on the Subsequent Share Purchase Date or (y) a refinancing, extension or renewal thereof that does not increase the aggregate principal amount thereof (plus accrued and unpaid interest and premium thereon and underwriting discounts, fees, commissions and expenses in connection therewith); provided that any such Indebtedness for Borrowed Money (or any such refinancing, extension or renewal thereof) that is (i) both (x) secured by a Lien on any of the assets of the Target or its Subsidiaries and (y) guaranteed by the Borrower (or with respect to which the Borrower is otherwise an obligor), (ii) secured by any of the assets of the Borrower or (iii) guaranteed by, or secured by any of the assets of, any of the Borrower’s Subsidiaries (other than the Target and its Subsidiaries) (or with respect to which any of the Borrower’s Subsidiaries (other than the Target and its Subsidiaries) is otherwise an obligor) shall not, in each case, constitute Target Debt.

Examples of Target Debt in a sentence

• At the time of determination, (a) all cash and cash equivalents on hand in the Partnership as of the most recent month end, plus the excess, if any, of the Partnership Target Debt over the Partnership's actual indebtedness (as determined in accordance with GAAP) as of such month end, less (b) the Projected Cash Requirements, if any, of the Partnership as of such month end, as determined by the Executive Officers of the Partnership.

• At the time of determination, (a) all cash and cash equivalents on hand in the Partnership as of the most recent month end, plus the excess, if any, of the Partnership Target Debt over the Partnership’s actual indebtedness (as determined in accordance with GAAP) as of such month end, less (b) the Projected Cash Requirements, if any, of the Partnership as of such month end, as determined by the Executive Officers of the Partnership.

• Bidco and its Restricted Subsidiaries shall consummate the Refinancing on or prior to the Target Debt Refinancing Outside Date.

• Schedule 2.7(c) shall be deemed amended by reducing the Target Debt Balance for each Repayment Date by its applicable Target Debt Balance Reduction Amount.

• GF shall prepare and deliver to KEH a letter of commitment or agreement stating that it is obligated to repay the Target Debt using the proceeds from the sale of the New Shares on the NASDAQ Stock Market after the Listing Date.

More Definitions of Target Debt

Target Debt means Indebtedness of any member of the Target Group pursuant to (a) that certain $400,000,000 Multi-Currency Revolving Facility Agreement dated June 5, 2007 by and among certain members of the Target Group, Lloyds TSB Bank plc, Wachovia Bank, National Association, The Royal Bank of Scotland plc, BNP Paribas, London Branch and SunTrust Bank, as Mandated Lead Arrangers, DSB Bank Ltd, as Senior Lead Manager, Comerica Bank, as Lead Manager, Lloyds TSB Bank plc, as Facility Agent and The Royal Bank of Scotland plc, as Issuing Bank, to be paid in full on the Initial Funding Date, and (b) that certain Note Purchase and Guaranty Agreement dated as of September 6, 2007 among certain members of the Target Group, and the Purchasers party thereto, pursuant to which were issued $30,000,000 5.90% Guaranteed Senior Notes, Series A, due September 6, 2014, its $95,000,000 6.10% Guaranteed Senior Notes, Series B, due September 6, 2017, its $50,000,000 Floating Rate Guaranteed Senior Notes, Series C, due September 6, 2014, its $30,000,000 Floating Rate Guaranteed Senior Notes, Series D, due September 6, 2017, its $2,500,000 5.86% Guaranteed Senior Notes, Series E, due September 6, 2014, and its $42,200,000 6.07% Guaranteed Senior Notes, Series F, due September 6, 2017, to be paid in full not later than 45 days from the Initial Funding Date.

Target Debt means the existing debt in the Target on the date of the completion of the Transaction.

Target Debt means the Financial Indebtedness under each of the following facilities as at 31 December 2021:

Target Debt means, except as otherwise provided in this Agreement, the total current liabilities (including bank indebtedness, accounts payable and accrued liabilities), in each case as such term is defined under GAAP and, for greater clarity, excluding the Target Transaction Costs, the Lease Obligation and the Bonds;

Target Debt means, collectively, any Debt of each Target as of immediately prior to the Closing Date.

Target Debt means an amount equal to $813,727, as reflected on the Seller's balance sheet for the year ended December 31, 1998.

Target Debt means the Existing Group Loan Stock as defined in the Share Purchase Agreement.