Consolidated Net Cash/Debt Amount definition
Consolidated Net Cash/Debt Amount means, as of any date, the net amount (which may be a negative number) resulting from subtracting (x) the sum of all Target Indebtedness as of such date from (y) the sum of cash and cash equivalents of the Target Group on a consolidated basis as of such date.
Examples of Consolidated Net Cash/Debt Amount in a sentence
An amount equal to the sum of (i) Actual Consolidated Net Cash/Debt Amount less Estimated Consolidated Net Cash/Debt Amount, (ii) Actual Inventory Adjustment Amount less the Estimated Inventory Adjustment Amount, and (iii) Estimated GRP Adjustment Amount less Actual GRP Adjustment Amount, shall be referred to as the “Adjustment Amount”.