Common use of Net Indebtedness Clause in Contracts

Net Indebtedness. Net Indebtedness shall be calculated as the algebraic sum of the amounts in the following accounts. Where the amount of liabilities exceeds the amount of assets, the Net Indebtedness amount will be expressed as a positive number. Where the amount of assets exceeds the amount of liabilities, the Net Indebtedness amount will be expressed as a negative number.