Common use of Total Net Debt Clause in Contracts

Total Net Debt. In respect of the period commencing on 31 March 2003, the Borrower shall procure that the Total Net Debt of the Group during any month is at no time greater than the amount set out below in respect of such month; provided that the amounts set out in the second column below shall on any date be reduced by an amount equal to the Net Cash Proceeds received prior to such date in respect of any Disposal of Parthenon or Trout to the extent such amount exceeds the amount of such proceeds forecast to have been received on such date in respect of such Disposal in the Initial Liquidity Plan. March 2003 € 5,300,000,000 April 2003 € 5,900,000,000 May 2003 € 6,100,000,000 June 2003 € 5,500,000,000 July 2003 € 5,500,000,000 August 2003 € 5,500,000,000 September 2003 € 5,500,000,000 October 2003 € 4,800,000,000 November 2003 € 4,800,000,000 December 2003 € 4,800,000,000

Total Net Debt. In respect of the period commencing on 31 March 2003, the Borrower shall procure that the Total Net Debt of the Group during any month is at no time greater than the amount set out below in respect of such month; provided that the amounts set out in the second column below shall on any date be reduced by an amount equal to the Net Cash Proceeds received prior to such date in respect of any Disposal of Parthenon or Trout to the extent such amount exceeds the amount of such proceeds forecast to have been received on such date in respect of such Disposal in the Initial Liquidity Plan. March 2003 € 5,300,000,000 EUR5,300,000,000 April 2003 € 5,900,000,000 EUR5,900,000,000 May 2003 € 6,100,000,000 EUR6,100,000,000 June 2003 € 5,500,000,000 EUR5,500,000,000 July 2003 € 5,500,000,000 EUR5,500,000,000 August 2003 € 5,500,000,000 EUR5,500,000,000 September 2003 € 5,500,000,000 EUR5,500,000,000 October 2003 € 4,800,000,000 EUR4,800,000,000 November 2003 € 4,800,000,000 EUR4,800,000,000 December 2003 € 4,800,000,000EUR4,800,000,000