Target Net Debt Amount definition

Target Net Debt Amount means £9,461,867 which is based on the assumption that all Indebtedness owing to National Westminster Bank Plc and the Pension Trustees remains outstanding on the Completion Date;

Target Net Debt Amount means £48,500,000;

Target Net Debt Amount means an amount equal to $1,975,000,000, which shall be decreased as set forth in Section 10.4 of the Merger Agreement, as applicable. The Target Net Debt Amount will be increased by the sum of (A) the product of (x) $16.99 and (y) 511,600 less the number of Company RSUs and Company Share-Based Awards actually awarded by the Company between the date hereof and the Closing Date and

Examples of Target Net Debt Amount in a sentence

• The Company, SpinCo, Parent and Merger Sub agree that the Target Net Debt Amount (as defined in the SDA) shall be decreased by $30,000,000; provided that if the Company provides the financial statements comprising the RemainCo Required Financial Information that is described in S ection 4(H) and S chedule 1 attached hereto on or before the deadlines set forth inS ection 4(H), then the Target Net Debt Amount shall instead be decreased by $25,000,000.

• If the Exchange Net Debt Amount is more than the Target Net Debt Amount, Bond shall be liable to pay to the Purchaser, on or before the Balancing Payment Date, the Bond Balancing Payment Amount, together with Accrued Interest thereon; and the liability of Bond to pay such amount shall be satisfied by the payment of the Bond Balancing Payment Amount to the Purchaser’s Account by way of electronic transfer for same day value.

• If Exchange Net Debt Amount is more than Target Net Debt Amount If the Exchange Net Debt Amount is more than the Target Net Debt Amount, Bond shall be liable to pay to the Purchaser, on or before the Balancing Payment Date, the Bond Balancing Payment Amount, together with Accrued Interest thereon; and the liability of Bond to pay such amount shall be satisfied by the payment of the Bond Balancing Payment Amount to the Purchaser’s Account by way of electronic transfer for same day value.

• The Company, SpinCo, Parent and Merger Sub agree that the Target Net Debt Amount (as defined in the SDA) shall be decreased by $30,000,000; provided that if the Company provides the financial statements comprising the RemainCo Required Financial Information that is described in Section 4(H) and Schedule 1 attached hereto on or before the deadlines set forth in Section 4(H), then the Target Net Debt Amount shall instead be decreased by $25,000,000.

More Definitions of Target Net Debt Amount

Target Net Debt Amount means an amount equal to $804,000,000.

Target Net Debt Amount has the meaning given to it in the Majority Sale Agreement;

Target Net Debt Amount in Section 1.1 of the Agreement is hereby amended and restated in its entirety to read as follows:

Target Net Debt Amount means an amount equal to $1,975,000,000, which shall be decreased as set forth in Section 10.4 of the Merger Agreement, as applicable. The Target Net Debt Amount will be increased by the sum of (A) the product of (x) $16.99 and (y) 511,600 less the number of Company RSUs and Company Share-Based Awards actually awarded by the Company between the date hereof and the Closing Date and (B) the amount by which the aggregate Merger Consideration actually paid pursuant to Section 2.11(a) (Company Stock Options) is less than $14,404,530 (the “Target Company Stock Option Merger Consideration”) and (C) in the event the holder of any of the Company Warrants gives notice of exercise thereof prior to the Effective Time and such Company Warrants are redeemed by the Company prior to the Effective Time and the determination of Target Net Debt Amount under the Agreement and the number of shares of Company Stock issued and outstanding for purposes of Section 2.6(b) of the Merger Agreement, the amount by which the aggregate Merger Consideration actually paid pursuant to Section 2.12 of the Merger Agreement (Treatment of Company Warrants) is less than $25,983,750; provided that the Target Net Debt Amount shall be decreased by (D) the amount by which the aggregate Merger Consideration actually paid pursuant to Section 2.11(a) (Company Stock Options) is greater than the Target Company Stock Option Merger Consideration.”

Target Net Debt Amount means €600,000,000.

Target Net Debt Amount means Zero Dollars ($0).

Target Net Debt Amount means an amount equal to $1,975,000,000, which shall be decreased as set forth in Section 10.4 of the Merger Agreement, as applicable. The Target Net Debt Amount will be increased by the sum of (A) the product of (x) $14.51 and (y) 511,600 less the number of Company RSUs and Company Share-Based Awards actually issued by the Company between the date hereof and the Closing Date and (B) the amount by which the aggregate Merger Consideration actually paid pursuant to Section 2.11(a) (Company Stock Options) is less than $11,505,229 (the “Target Company Stock Option Merger Consideration”); provided that the Target Net Debt Amount shall be decreased by (C) the amount by which the aggregate Merger Consideration actually paid pursuant to Section 2.11(a) (Company Stock Options) is greater than the Target Company Stock Option Merger Consideration.