Total Net Borrowings definition

Total Net Borrowings has the meaning given to it in Clause 22.11 (Financial Definitions);
View Source
Total Net Borrowings means the total gross borrowings less cash and cash equivalents, as determined from the latest financial statements of the Guarantor delivered to the Trustee; and
View Source
Total Net Borrowings means all outstanding Indebtedness for Borrowed Money of Gold Fields on a consolidated basis, less (a) cash held by any Material Subsidiary or with any bank, (b) any short-term or current asset investments all as shown in the then most recent audited annual consolidated financial statements of Gold Fields, and (c) the value of compulsory convertible instruments and the amount of subordinated shareholders loans granted by any member of the Gold Fields Group of Companies from time to time;
View Source

Examples of Total Net Borrowings in a sentence

  • The Company undertakes that on each Calculation Date the ratio of Consolidated Total Net Borrowings to EBITDAX of the Group for the Measurement Period shall be less than or equal to 3.50 : 1.00.

  • The Original Borrower shall procure that between 1 November 2020 and 31 December 2021 (inclusive), KEL does not make, declare or pay any Shareholder Distribution to shareholders who receive such Shareholder Distribution in their capacity as a holder of common shares in KEL unless the ratio of Consolidated Total Net Borrowings to EBITDAX on the day the Shareholder Distribution is made, declared or paid is less than or equal to 3.50:1.00 (calculated as if such day was a Financial Covenant Test Date).

  • The Company must ensure that the ratio of Consolidated Total Net Borrowings (including all Loans disbursed and outstanding) to Consolidated EBITDA is not, at the end of each Measurement Period, greater than 2.5 to 1.

  • The Company must ensure that the ratio of Consolidated Total Net Borrowings (as at each Testing Date) to Consolidated EBITDA (for the Measurement Period ending on that Testing Date) is not more than 3:1.

  • The Company must ensure that the ratio of (1) Consolidated Total Net Borrowings to (2) Consolidated EBITDA on the last day of each Measurement Period is less than or equal to 3.0:1.

  • Column 1 Ratio of Consolidated Total Net Borrowings to Consolidated EBITDA Column 2 Margin for A1 Term Loan, A2 Term Loan, Revolving Loan and Restructuring A Loan (per cent.

  • The Company undertakes that on each Calculation Date the ratio of Consolidated Total Net Borrowings to EBITDAX of the Group for the Measurement Period shall be less than or equal to 3.50:1.00.

  • CDFCUK must ensure that Consolidated Total Net Borrowings do not at any time exceed 100 per cent.

  • Consolidated Total Net Borrowings in respect of the Group at any time means the aggregate at that time of the Financial Indebtedness of the members of the Group from sources external to the Group (excluding Financial Indebtedness under any Shareholder Loans), less the aggregate amount at that time of all Cash and Cash Equivalents held by any member of the Group.

  • Column 1 Ratio of Consolidated Total Net Borrowings to Consolidated EBITDA Column 2 Margin (per cent.


More Definitions of Total Net Borrowings

Total Net Borrowings means Total Borrowings less (i) freely available credit balances on any deposit, savings or current account with a Lender or an Approved Bank (save to the extent already taken into account in the calculation of Total Borrowings) and (ii) cash in hand; and
View Source
Total Net Borrowings means the sum of the amounts as they appear under the line items “Bank and other borrowings (Current liabilities)”, “Bank and other borrowings (Non-current liabilities)” and “Convertible Bonds, Notes and Senior Notes” less the sum of the amounts as they appear under the line items “Bank balances and cash”, “Time deposits with maturity over three months” “Restricted bank deposits (Current assets)” and “Restricted bank deposits (Non- current assets)” set out in the consolidated balance sheet of the Issuer.
View Source
Total Net Borrowings means the aggregate amount of liability arising from bank overdrafts, short-term loans and long-term loans less cash on hand, cash in bank and fixed deposits;
View Source